Hardly a Venmo killer, banks are being cautious with Zelle rollout

Banks aren’t ready to call Zelle’s hyped entry into the peer-to-peer payments space a Venmo killer, at least not yet.

Early Warning, the company owned by a consortium of major U.S. banks that runs the peer-to-peer payments network, announced Monday that the volume of payments made through that channel were valued at $55 billion last year — more than double that of Venmo for the same period. But banks are holding off the ad blitz for now.

Read the full story on tearsheet.co

More in Marketing

Behind Hoka’s bid to own the NYC marathon’s run-up period

Hoka’s been targeting runners training for the New York City marathon with the aim of creating more shoe evangelists.

Ad Tech Briefing: AI is changing programmatic buying faster than who controls it

As more decisions become automated, the value of a control depends on whether publishers can see its effects.

‘Not hiring’ entry-level talent: Industry acknowledges runaway crisis brought on by introducing AI to the workforce

Entry-level talent is challenged by AI in the workforce. What are some of the solutions for that cohort?