{"id":16990,"date":"2023-02-17T13:05:36","date_gmt":"2023-02-17T13:05:36","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16990"},"modified":"2023-02-17T13:05:36","modified_gmt":"2023-02-17T13:05:36","slug":"why-banks-created-zelle-video","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/why-banks-created-zelle-video\/","title":{"rendered":"Why Banks Created Zelle [Video]"},"content":{"rendered":"<p>Competition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up in the last decade. While the initial attempts of big banks to compete in this space failed, the seven-bank platform Zelle found success. Now, a rise in reported fraud activity and allegations that banks aren\u2019t supported fraud victims has got the attention of the United States Congress. Watch this video to learn about why banks created Zelle and whether the app can hold its own in the competitive peer-to-peer payment space.<\/p>\n<p><iframe loading=\"lazy\" title=\"Why The Big Banks Created Zelle\" width=\"618\" height=\"348\" src=\"https:\/\/www.youtube.com\/embed\/Y2OFq46-6T0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16990 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Infographic: COVID-19 boosting banking\u2019s focus on digitalization'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/infographic-covid-19-boosting-banking-s-focus-on-digitalization\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/infogr_en-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15496\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15496'>\n\t\t\t\tInfographic: COVID-19 boosting banking\u2019s focus on digitalization\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Can X Become a Financial Super App?'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/can-x-become-a-financial-super-app\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2023\/08\/c7db78cd-8bc6-ecd8-6f5a-7946c58c1fa91-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-17275\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-17275'>\n\t\t\t\tCan X Become a Financial Super App?\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='BFC FinTech Monitor 19th \u2013 26th'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bfc-fintech-monitor-19th-26th\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/06\/Untitled-1-2-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15087\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15087'>\n\t\t\t\tBFC FinTech Monitor 19th \u2013 26th\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Competition among peer-to-peer payment apps like Venmo, PayPal, Cash App and Zelle have been heating up in the last decade. While the initial attempts of big banks to compete in this space failed, the seven-bank platform Zelle found success. Now, a rise in reported fraud activity and allegations that banks aren\u2019t supported fraud victims has &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16,367],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16990"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16990"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16990\/revisions"}],"predecessor-version":[{"id":16993,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16990\/revisions\/16993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16991"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}