Mobile payment solutions

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Mobile Payment Solutions: Can Zelle Overtake Venmo?

Banks have been slow to join the P2P (person-to-person) payments party, and while they lagged behind, PayPal’s mobile payment app, VenmoTM, quickly took over the P2P market. Now banks have finally gotten into the game with their new, collaborative P2P fintech innovation, ZelleTM. Zelle was created by Early Warning Systems, LLC, a consortium of seven top banks that includes JP Morgan Chase, Bank of America and Capital One, among others. Zelle can be used as a standalone app or