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…
Category: Zelle
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…
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…
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…
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…
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…
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…
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…
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…
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…