Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has...
The Zelle person-to-person (P2P) payments network continued growing in the first half of the year. The number of transactions sent via the network increased 27% year-over-year to reach 1.7 billion, while the value of those transactions rose 28% to $481 billion, the network operator of...
Where the consumer space is nimble and flexible, the B2B landscape can be comparatively stiff. But when momentum builds in B2B, it can be hard to stop. And that’s what is happening — as new tech continues driving massive gains across the B2B landscape by...
The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan Chase disclosed the CFPB’s investigation of the peer-to-peer (P2P) payment app on Friday (Aug. 2) in a filing with the Securities and Exchange...
August 02, 2024
Consumers are turning to peer-to-peer (P2P) apps like Venmo and Zelle for quick and easy money transfers. But while these services have become ubiquitous, concerns about fraud are casting a shadow over their growth. A recent PYMNTS Intelligence report, “P2P Payment Potential: Promoting Convenience While Protecting Consumers,” in collaboration with The Clearing House, illuminates the […]
May 31, 2024
Payments modernization, depending on the financial services company, will be synonymous with upgrades. But it also needs to be synonymous with innovation, collaboration and business outcomes. As Wally Mlynarski, head...
May 15, 2024
Truck drivers help keep the supply chain functioning, but the turnover rate is high in the industry — a reality that can have ripple effects across the entire U.S. economy....
August 09, 2023
Peer-to-peer (P2P) payments, a long-standing vehicle for transactions between consumers, has evolved recently into usage between merchants and consumers as well. The steady growth of P2P transactions for any purpose...
October 31, 2024
Zelle reportedly wants users to use its platform via banking apps instead of its own. An executive for the peer-to-peer payments provider told Reuters on Thursday (Oct. 31) that while more than 2,200 banks and credit unions are part of its network, just 2% of Zelle transactions happen on its mobile app. With that in […]
October 30, 2024
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in...
October 17, 2024
The Zelle person-to-person (P2P) payments network continued growing in the first half of the year. The number of transactions sent via the network increased 27% year-over-year to reach 1.7 billion,...
August 07, 2024
The Consumer Financial Protection Bureau (CFPB) is reportedly looking into how some of the biggest U.S. banks handle complaints from customers who dispute transactions made through Zelle. JPMorgan Chase disclosed the CFPB’s investigation...
