Perhaps before long, you will be saying, "Just Zelle me the money." Another advantage: rappers will have an easier time rhyming "Zelle" than "Venmo"!
When it comes to paying merchants, credit cards are still one of the quickest and easiest payment methods.
Since Zelle uses common infrastructure between the banks, a payment based on a Zelle request can show up in the recipient's account within minutes of when the sender agrees to send it.
Banks have been slowly integrating Zelle's capabilities into their own services without the Zelle branding, in preparation for the 2017 launch.
The banks will be making Zelle active within partners' mobile banking apps on a rolling basis, starting with JPMorgan (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), U. Bancorp (NYSE: USB), and Capital One Financial Corp (NYSE: COF).