Zelle P2P Payment App Reaches Consumers September 12
Zelle today said its mobile peer-to-peer payment application will reach the Google Play Store and iTunes App Store on Tuesday, September 12. The service has been in testing since June. Zelle is supported by more than 30 of the nation's largest banks for sending funds from one person to another. It competes with established P2P payment services Venmo and Square Cash. The difference is speed. These older services typically require a day or two for funds to actually transfer between accounts. Zelle claims it can move cash in mere minutes using only the recipient's email address or mobile phone number, allowing for near instant withdrawals. Zelle's service has already been added to mobile banking apps from the likes of Bank of America, Capital One, Citi, Citizens Bank, Fifth Third Bank, First National Bank, JP Morgan Chase, KeyBank, M&T, PNC Bank, TD Bank, U.S. Bank, Wells Fargo, and more than a dozen others. This means users of these banks who send cash to friends via their mobile banking app are likely already using Zelle's service, which is running in the background. What's different here is that Zelle is rolling out a separate app under its own brand to stand apart from the banks it works with. The service can be tied to bank accounts and/or debit cards, but not credit cards. It is strictly meant to send real money from one person to another. Zelle was created by early warning services.
Oct 20, 2017
Facebook Messenger and PayPal today made it possible for people to use their PayPal account as a source of funds when paying friends and family. Facebook Messenger has supported P2P payments for some time now, but previously required people to rely on their debit card for funds.
Sep 18, 2017
Apple today reiterated that iOS 11 will reach iPhones, iPads, and iPods Touch beginning September 19. Not all the new features will be available at launch, however, with Apple Pay on deck for later this year.
Aug 2, 2017
Microsoft today said the latest version of Skype for Android and iOS devices makes it possible to send funds to other Skype users via PayPal. Users will be able to send money through PayPal without leaving the Skype app.
Apr 11, 2017
Facebook today made it possible to pay groups of people within Messenger. The app has supporter peer-to-peer payments since 2015, but they were limited to single people.