Square’s Cash App, PayPal’s Venmo and Zelle have all reached out to the government to lend a hand in getting...
There is a brewing war in the p2p payments space with Venmo and Zelle battling over who is the leader;...
Clearbanc just launched a valuation tool that its cofounders are calling a credit score for startups. Here’s what entrepreneurs need...
In the coming months Cincinnati-based Fifth Third bank will hire 200 new tech workers as it continues to invest in...
While there have been many false starts, the market for P2P payments is finally taking off in this country; two-thirds of...
The partnership between IBM and Zelle is meant to accelerate and simplify payments through real time processing; they also will help to enable same day deposits, bill pay, less fees and seamless cash flow; Zelle is now working with over 20 banks and plans to reach 85 million consumers by end of year. Source.
Zelle has quickly made a name for themselves in p2p payments, now BNY Mellon is looking to leverage the company for business payments; "There are rapid changes in the payments space," Carl Slabicki, director and product line manager for immediate payments at BNY Mellon, said to American Banker. "If you want to remain relevant and allow your clients access to new payment systems, you need to be quicker to market with a faster payment solution.”; b2b payments have no been easier to automate but BNY is hoping to help move the process in that direction. Source.
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