The growth surge at the nation’s automated clearing house network shows no signs of slowing down. The payments system handled 5.68 billion transactions in the quarter ended June 30, a 6.2% increase year-over-year, according to numbers from Herndon, Va.-based NACHA, the network’s governing body. The network has now notched growth …

Apple Inc. said Apple Pay transactions surpassed 1 billion in the company’s third quarter, ended June 30. During an earnings call with analysts Tuesday, Apple chief executive Tim Cook said the 1-billion mark was triple the amount a year ago. “To put that tremendous growth into perspective, this past quarter, …

With economic conditions generally healthy in most of the world, Visa Inc. racked up $2.1 trillion in combined credit and debit payment volume in the quarter ended June 30, an 11.1% increase from $1.87 trillion a year earlier on a constant-currency basis.  The United States, by far the largest of …

Bank of America Corp.’s customers made 35.1 million Zelle person-to-person payments in the second quarter, 142% higher than the 14.5 million Zelle payments they made a year earlier, the Charlotte, N.C.-based banking giant reported Monday. The value of the P2P payments totaled $10 billion, double the $5 billion from 2017’s …

While the opportunity to earn interchange on transactions made on its new Venmo debit card seemingly answers the oft-asked question of how PayPal Holdings Inc. plans to leverage its free peer-to-peer payment service, the full answer runs much deeper. Interchange is only one piece of the puzzle. A much larger …

Zelle’s gestation as a favored person-to-person payments service may be nearing fulfillment. A new survey from LendEDU finds that, nine months after its June 2017 debut, more consumers had become aware of the bank-backed service. In 2017, only 6.1% had heard of Zelle. By the time of the survey, that …

Now officially a year old, Zelle is steadily gaining momentum. San Francisco-based Bank of the West, the 29th largest bank in the country ranked by assets, announced Thursday it will join the bank-controlled person-to-person payment network, which already claims some of the biggest financial institutions in the country. Also this week, …

Investors jumped on shares of Netherlands-based payment processor Adyen Wednesday after the company priced its initial stock offering on the high end of its expected range at €240 ($282.48) per share. As of late morning Eastern time, the stock had more than doubled to €480.30 ($565.31) per share, prompting talk …

  Despite absolute agreement on the need for heightened payment and data security, there remains a lot of confusion and uncertainty among those tasked with ensuring and implementing it. With so many different technical terms out there, it’s easy to understand why this uncertainty occurs. Technologies such as P2PE (point-to-point …

Long outclassed by nimble tech players, financial institutions are finally scoring points in the P2P payments game with the rapidly growing Zelle network. But nobody’s conceding defeat in this much-coveted market. Keeping track of the players in peer-to-peer payments is like following an ensemble cast—a playbill is needed to identify …