10-26-2016, 12:15 PM
Well, we do have the above suggested consolidation, at least for now..
Meanwhile, this isn't good news for PayPal's Venmo:
Nineteen U.S. financial firms -- including titans such as JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. as well as regional lenders and credit unions -- have signed up for a new real-time payments network dubbed Zelle. The venture, replacing an existing system called clearXchange next year, will be accessible to more than 76 million mobile banking customers when it starts, according to a statement Sunday from Early Warning, the bank-owned entity handling the project.
Banks Challenge Venmo With New Payments Network Dubbed Zelle - Bloomberg