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Zelle

Banks want in on digital wallets — and the consumer data that comes with them

by Stephanie Hughes
Jan 23, 2023
Seven banks, including Wells Fargo and Capital One, are launching a competitor to services like Apple Pay and PayPal later this year.
Banks are slated to unveil a new digital wallet later this year, aimed at competing with services like Apple Pay.
Duane Prokop/Getty Images for MasterCard
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Big banks discuss reimbursement for Zelle users victimized by scammers

by Savannah Maher
Nov 28, 2022
With new fintech comes new fraud.
Large banks, including J.P. Morgan Chase, are creating a system to reimburse customers who fall victim to scams.
Michael M. Santiago/Getty Images
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IRS tells payment apps to report business transactions over $600

by Kristin Schwab
Jan 7, 2022
The threshold used to be much higher.
As the number of self-employed workers expands, the IRS is requiring online payment platforms like PayPal to report transactions greater than $600. The threshold used to be $20,000.
Eric Piermont/AFP via Getty Images
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COVID-19

P2P payment apps are booming, thanks to the pandemic

by Justin Ho
Mar 15, 2021
It can feel safer to send money with a mobile peer-to-peer app. Usage is expected to keep growing after the economy recovers.
Consumers are using peer-to-peer apps for investing and other purposes beyond receiving payments.
PayPal
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A tale of two payment apps

by Justin Ho and Leila Goldstein
Apr 26, 2019
Venmo and Zelle look like they should be competitors. But the two payment apps serve very different audiences.
Milkos/iStock/Getty Images Plus
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Marketplace Tech Blogs

Is the backing of the banks enough for Zelle to beat Venmo?

by Molly Wood
Jul 30, 2018
A look at the big banks' answer to Venmo.
STR/AFP/Getty Images
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