First Tech Credit Union goes live with Zelle

First Tech Federal Credit Union

US-based First Tech Federal Credit Union has announced that the Zelle P2P service is live in its mobile banking app, enabling payments for more than 110,000 First Tech mobile banking members, reports Paybefore (Banking Technology‘s sister publication). Zelle, powered by payments and risk management firm Early Warning, enables funds to be sent from one bank […]

Venmo tests physical debit card

When the app is not enough...

Venmo is planning to introduce a physical debit card to supplement its payments app.

Top fintech stories this week – 16 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Zelle P2P payments network onboards new members

US prepaid consumers not happy

More banks and credit unions have joined Zelle Network, a new peer-to-peer payments platform in the US.

Zelle makes its presence known in P2P payments arena

Two US credit unions outsource core processing to Symitar

The recent performance of Zelle Network, the peer-to-peer (P2P) payments platform with the funny name, is no laughing matter for competing P2P providers.

Bank of America zooms in on Zelle for mobile banking


Bank of America has chosen the person-to-person (P2P) Zelle service within its mobile banking app as part of its digital drive. Zelle will let clients send, receive and request money, allowing them to use the existing contacts on their mobile device to transfer money to (or request money from) “almost anyone within minutes, regardless of […]

Who will win the battle for millennials – Zelle or Venmo?

Maslow Venmo

As a Gen Xer, I have always had difficulty relating to the obsessive appeal social media has to millennials. Tweeting and Facebook posting of mundane daily events seemed like over-sharing and just a little narcissistic to me. This is not an intellectual problem of understanding the concepts or technologies, but a kind of generational disparity […]