Zelle

Zelle's standalone mobile app officially shut down on April 1, leaving some users wondering how they can keep sending money digitally. What Happened: Launched in 2017, Zelle quickly gained popularity by partnering with major financial institutions nationwide. Today, more than 2,200 U.S. banks and...

Editor’s Note: This article has been updated to include a statement from Zelle. The Consumer Financial Protection Bureau dropped its lawsuit against JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Co (NYSE:WFC) and Bank of America Corp (NYSE:BAC) on Tuesday concerning the banks’...

Editor’s note: This story has been updated with comment from Zelle and Bank of America. The Consumer Financial Protection Bureau sued three of the nation's largest banks and the operator of Zelle last week, alleging a failure to protect consumers from widespread fraud on the peer-to-peer...

The race for faster financial transactions is heating up, and several fintech companies are at the forefront with new real-time payment solutions. These 10 companies are transforming how we handle money, making transactions instant and efficient. As we approach the Benzinga Fintech Deal Day &...

A new poll highlighted the fastest-growing brands based on awareness. The poll results were sorted by age demographic, which could help show which brands are bound to be popular in the future. Here’s a look at the results. What Happened: A new poll from Morning Consult showed the...

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud. What Happened: Warren made her comments on Twitter and shared a New York Times article highlighting an “alarming pattern” of Zelle fraud observed by her in data provided by...

Gone are the days when simplified trading apps were the paradigm shift in financial services. Consumers now demand more. They want education, information and easy back-and-forth communication with their financial services providers and embedded networks, as well as access. That’s...

A new tax law that took effect at the start of 2022 is not being welcomed by users of mobile payment services. What Happened: Starting this year, the IRS is requiring mobile payment apps such as Zelle, Block Inc.'s (NYSE: SQ) Cash App and Paypal Holdings Inc.'s (...

One driving force behind innovation is disruption. That’s according to Allison Beer, the Chief Product Officer and Head of Customer Experience and Digital for JPMorgan Chase & Co’s (NYSE: JPM) digital banking and innovation arm. In a conversation with Benzinga, Beer spoke about...

An upcoming marketing effort and momentum in the instant payment space from its Cash App could mean Square Inc (NYSE: SQ) is set for a better 2020 than company officials are projecting, Macquarie said Tuesday. The Analyst Macquarie's Dan Dolev initiated coverage on Square with an Outperform...

On a broad scale, the fintech space is both diversifying and growing quickly both nationally and beyond. The payments space specifically continues to reap new and innovative technology to aid in everyday money management. Ahead of the Benzinga Global Fintech Awards on Nov. 19 in New York City, the...