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Category: Zelle

Payment App Warning: How to protect yourself when using apps like Zelle, Venmo

More and more people have ditched cash and checks and are instead sending money to family and friends using mobile payment apps. But some popular apps are seeing some complaints and scams. Zelle is one of the fastest-growing peer-to-peer payment apps out there. The mobile payment app partners with many major banks like Chase, Bank of America, and Associated Bank, meaning some mobile banking apps use Zelle to allow its users to send or receive money, like Chase QuickPay. Zelle Read More

Instant fraud: Consumers see funds disappear in Zelle account scam!!

The digital payment service embedded in banking apps has made it easier for thieves to access funds in personal checking and savings accounts, experts say. Chrysanthi Rausch was taking a nap on her couch two months ago when she got a call from a number she didn’t recognize. On the other end of the line was a woman who said she worked for KeyBank, Rausch’s local bank, calling to alert her of fraud in her account. “They wanted me to Read More

PayPal vs Venmo vs Zelle: Who’s the best?

The peer-to-peer payment app war is growing fierce. The use of P2P (peer-to-peer) payment apps is expected to grow by double-digits across all age groups through 2021. Just last year, P2P transactions exceeded $120 billion. Let’s take a look at three of the most popular apps–Paypal vs Venmo vs Zelle–and see who comes out the winner.  PayPal vs Venmo vs Zelle Popularity PayPal has proven to be the trusted source for online payments over the last 20+ years. Shortly after it’s IPO, PayPal was Read More

Venmo vs Zelle vs Cash App: pros & cons

Cashless payments are firmly entrenched in the lives of multiple people worldwide. Consumers appreciate the convenience and speed of new technologies, while tech giants and financial firms continue to improve existing solutions and develop new ones as well. Mobile payment is quite a popular option today. The idea of handling payments with just a mobile phone is not that new. However, today we can observe the peak of popularity of this technology. It would be wrong to call this situation Read More

Zelle Eyeing Expansion Into Small Business Payments

Zelle, the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering to enable customers to pay small businesses. Bloomberg, citing people familiar with the situation, reported Zelle is in the process of enhancing its risk assessment tools as part of the effort to make it safe for people to pay small businesses. Zelle is backed by Bank of America, JPMorgan Chase and other banks. According to Bloomberg, there isn’t a set Read More

Can I use Zelle to send money Internationally?

Mobile wallets and online payment services have revolutionized how we pay for things online and send money to our friends and family. Similar services like Paypal, Venmo and Square Cash have made peer-to-peer payments extremely easy, but unfortunately they either don’t work if you need to send money internationally or are really expansive solutions (looking at you Paypal!). First, what is Zelle? Zelle is a US-based payment service that allows you to send funds electronically from a (US) bank account to another person’s bank account (again, it Read More

Zelle Fraud Protection: What You Need to Know Before Transferring Funds

Credit cards. Debit cards. Zelle. One of these popular ways to spend money from your bank account is not like the others, and many consumers are finding out the hard way. Zelle is the big banks’ answer to Venmo  — a  consortium of heavy hitters like Bank of America and Wells Fargo lets account holders send cash to each other almost instantly via smartphones or email. Zelle was a near instant hit: about $75 billion in transactions were made via the service Read More

What’s The Best Mobile Payment Platform: Zelle, Venmo, Square or Apple Pay?

Digital wallets and P2P payments are fast becoming table stakes for banking providers that want to remain relevant with today’s digital consumers. But which one should your financial institution offer? Multiple studies conclude younger generations know about mobile payments, but don’t care much about them — a service such as Venmo being the rare exception. After watching Venmo dominate the mobile peer-to-peer (P2P) payment transfer market for the past few years, banks decided to do something about it, and Zelle was Read More

Zelle, the U.S. banks’ Venmo rival, will launch its mobile app next week

Zelle, the PayPal rival backed by more than 30 U.S. banks, is preparing to launch its standalone mobile app on Tuesday, September 12th. The move is meant to give the U.S. banking industry a foothold in the person-to-person payments business, where they’re losing ground to services like PayPal, Venmo, Square Cash and, very soon, Apple’s iMessage, powered by Apple Pay. While banks have always offered the ability to do instant transfers, the process to date has been more cumbersome. Users would need Read More

Zelle: Instant cash, as long as you’ve using the right bank

The Zelle mobile payment app is the major banks’ way of saying they’re not content to sit back and let the red-hot peer-to-peer payment trend pass them by. So some of them banded together to make Zelle, a slick money-sending app that aims to go head-to-head with the likes of Venmo, Square Cash, and Google Wallet. Zelle lacks the cool factor of an app like Venmo, but it’s got an ace up its sleeve: instant and free cash transfers. Enticing, Read More