Zelle

Banks Want to Prove They Can Innovate Digital Wallets, But Can They?
Banks Want to Prove They Can Innovate Digital Wallets, But Can They?
January 30, 2023  |  Digital Payments

One of the worst-kept secrets in payments was finally confirmed last week. That’s when Early Warning Services (EWS) announced its plans to launch a digital...

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Banks’ Digital Wallet Battle Easier vs Apple Pay, Harder vs PayPal 
Banks’ Digital Wallet Battle Easier vs Apple Pay, Harder vs PayPal 
January 23, 2023  |  Payment Methods

The banks have two targets in the digital wallet battle — one, Apple Pay, may be easier to “beat.”   PayPal may prove to be a...

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Big Banks to Launch Apple Pay Competitor in 2023 H2
Big Banks to Launch Apple Pay Competitor in 2023 H2
January 23, 2023  |  Banking

America’s biggest banks are reportedly launching a digital wallet to take on Apple and PayPal. The banks are developing a product that will let consumers...

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Mobile Users and Online Transactions Spotlight Super-Regional Truist’s Digital Transformation
Mobile Users and Online Transactions Spotlight Super-Regional Truist’s Digital Transformation
January 19, 2023  |  Earnings

Super-regional bank Truist’s latest results show a digital transformation that rivals the largest national FIs. Coming off a year where Truist— formed from the 2019...

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Big Bank Earnings Spotlight Unstoppable Digital Shift
Big Bank Earnings Spotlight Unstoppable Digital Shift
January 18, 2023  |  Digital-First Banking

Big banks’ earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on...

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Bank of America’s Digital Sales up 22% as Mobile Users Surge
Bank of America’s Digital Sales up 22% as Mobile Users Surge
January 13, 2023  |  Earnings

For Bank of America, the great digital shift is very much in evidence. The company’s latest quarterly results showed that digital “sales” made through the...

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IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
January 11, 2023  |  Gig Economy

The new tax rules have been delayed — and nothing’s certain — so P2P will continue to be a gig economy mainstay. And amid the...

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Small Banks Explore P2P Options Over Zelle Scam Repayment Costs
Small Banks Explore P2P Options Over Zelle Scam Repayment Costs
December 12, 2022  |  Digital-First Banking

America’s smaller banks aren’t happy with a plan to reimburse peer-to-peer payment scam victims. Industry groups representing the country’s community banks and credit unions say these institutions...

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FIs Need More Than Refunds to Address Zelle Scams
FIs Need More Than Refunds to Address Zelle Scams
November 29, 2022  |  Digital-First Banking

For banks, reimbursing victims of Zelle-related fraud is only a partial solution.  It’s a retroactive redress. But to really address the issue, financial institutions (FIs) will...

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