News Topic: Zelle

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The person-to-person network is being used more often for purchasing, with consumer payments to small businesses up sharply. ... Read full article

CO-OP, a credit union payments firm, has teamed with the fintech to expand usage of digital payments offerings. But it's unclear to what extent members want those services. ... Read full article

The pandemic’s physical distancing requirements appear to have accelerated transaction volume and overall usage of Zelle, the P2P app operated by bank-owned Early Warning Services LLC. ... Read full article

Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely. ... Read full article

U.S. Bank has hired payments veteran Peter Gordon to fill a new post as head of emerging payments product and strategy, tapping his years of experience developing real-time payments technology. ... Read full article

The creator of Zelle precursor clearXchange is heading a company building a blockchain-based international payment technology for banks. ... Read full article

Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage. ... Read full article

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account. ... Read full article

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system. ... Read full article

Community bank executives, payments officials and others said Libra faces an uphill battle amid heavy competition and regulatory scrutiny. ... Read full article

Some of the biggest industry moves in May and early June were not executive promotions, but rather departures. ... Read full article

On-demand wage delivery has caught on in other industries. Banks have taken notice. ... Read full article

Albert Ko, who had been the chief transformation officer of Intuit, says he will work to improve Zelle's interface to make it more appealing to consumers. ... Read full article

Banks of all sizes need to stick together to ward off threats from "unregulated" fintechs and other nonbanks, Bank of America Chairman and CEO Brian Moynihan said Tuesday. ... Read full article

The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge? ... Read full article

A man entered a SunTrust branch in Sebring, Fla., and shot and killed five women, four of whom were bank employees; 24 million mortgage documents exposed in data security lapse; the battle for deposits is like 'a steel-cage' match; and more from ... Read full article

The bank-led P2P network Zelle saw its strongest quarterly growth during the fourth quarter of 2018, as payment volume rose nearly 60 percent to $119 billion for the year. But a significant amount of this volume comes from just one bank. ... Read full article