Zelle founder to helm Ripple rival Interstellar


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


Millennials propel Zelle at BofA


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


Venmo adds Instant Transfer link to bank accounts


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.


Senators press Fed's Powell on real-time payments


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.


‘Another one?’ Bankers react to Facebook’s digital currency


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


Fifth Third, Discover, BMO Financial: Bankers on the move


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


Will banks take 'self-driving' payroll for a spin?


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


Zelle operator Early Warning hires new CEO


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.


'There is no division in our industry': BofA's Moynihan


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.


How much does P2P drive engagement for banks?


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?