Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, reported Thursday that consumers and businesses sent 2.3 billion in payments totaling $629 billion through the network in 2022. On a year-over-year basis, transaction volumes through Zelle increased 26%, and total transaction value increased 28%. Small businesses continue to be …
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Sellers Less Happy With MSPs; Malware Targets NFC; Zelle for Small Business
Zelle for Small Business And Other Digital Transactions News briefs from 2/2/23
Citizens Financial Group Inc. has launched the Zelle peer-to-peer payments service for the bank’s small-business customers. U.S.-based Clickatell said it has deployed its Chat 2 Pay service with a pay-by-link capability for FlySafair, a South African airline for mobile payments via’s FlySafair’s WhatsApp channel. Payments provider Lightspeed Commerce Inc. announced it processed $22.4 billion in volume for …
Read More »Zelle Users Harbor Profit; Apple Pay Later’s Domino Effect; Wedge Joins Fiserv AppMarket
Zelle Users Are More Profitable for Financial Institutions, says an Early Warning Study
Customers new to using Zelle, the peer-to-peer payment network operated by Early Warning Services LLC, have higher levels of engagement with their financial institutions than customers not using Zelle. That’s according to a recent study conducted by Early Warning and Curinos, a provider of data and technology technologies to financial …
Read More »Big Banks Act on Zelle Scams; Holiday Shoppers Undeterred; POSaBIT Enters Vermont
Digital Bank Varo Joins Zelle; Eye on Processors; ACI’s Push Payment Fraud Forecast
Varo Bank Signs on As the First Digital Bank to Join the Zelle P2P Payments Network
Varo Bank early Tuesday announced it has become the first digital neobank to be admitted to the Zelle peer-to-peer payments network. The bank, a unit of the 7-year-old, San Francisco-based Varo Money Inc., said it will now offer payments via Zelle through its mobile app. “Adding Zelle to our product …
Read More »SoundExchange Adds Zelle and Cash App for Payment of Digital Performance Royalties
SoundExchange, a non-profit that collects and distributes digital performance royalties for sound recordings, is now enabling registered soundtrack creators to receive royalty payments through Zelle and Block Inc.’s Cash App mobile-payment service. Washington D.C.-based SoundExchange is a non-profit collective rights-management organization designated by Congress to collect and distribute digital-performance royalties …
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