Frost Bank® Joins Early Warning® clearXchange® Network

Leading regional bank enables customers to easily send person-to-person payments


SCOTTSDALE, Ariz., and SAN ANTONIO, SEP. 20th, 2016 – Early Warning, the industry leader in real-time payments, authentication and risk mitigation, today confirmed San Antonio-based Frost Bank has joined Early Warning’s clearXchange network. Through the network, Frost Bank is now able to offer person-to-person (P2P) payments directly through its online and mobile banking platforms.

Frost is focused on providing a convenient, customer-centric banking experience. When Frost customers indicated the need for payment capabilities outside more traditional services, like bill pay, the Frost team envisioned a product that would allow customers to “tap” their phones a few times and securely send money to anyone. Frost leveraged customer input to create an innovative user experience, and is leveraging Early Warning's extensive clearXchange network to provide customers with the ability to send money to anyone with a U.S. bank account.

“At Frost, we use technology to enhance the experience we provide to our customers, not to avoid them,” said Phil Green, chairman and chief executive officer at Frost Bank. “Frost’s relationship with Early Warning will enable us to provide a full mobile payments experience for our customers.”

With $29 billion in assets, Frost is one of the biggest banks in Texas. Its strong regional presence further expands the clearXchange network, and provides a new segment of consumers with a safe, convenient way to send and receive P2P payments. Early Warning’s clearXchange network is open to any bank or credit union nationally, and enables users to safely and easily send money to anyone with a bank account in the United States, using only the recipient’s mobile number or email address. In the first quarter of 2016, customers at banks in the clearXchange network completed more than 46 million P2P transfers, accounting for over $16 billion in combined transaction volume.

“Frost Bank exemplifies putting the consumer first, and the seamless, secure P2P payments experience it’s delivering illustrates this commitment,” said Ian Macallister, vice president of partner strategy, Early Warning. “Regional and community financial institutions are a key component of clearXchange’s future expansion plans. The addition of Frost Bank is particularly exciting as we bring on more regional and community financial institutions to expand our nationwide payments community.”

About Early Warning
Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the global financial system. Learn more at earlywarning.com.

About Frost Bank®
Frost is the banking, investments and insurance subsidiary of Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with $29.0 billion in assets at March 31, 2016. One of the 50 largest U.S. banks by asset size, Frost provides a full range of banking investments and insurance services to businesses and individuals in the Austin, Corpus Christi, Dallas, Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio regions. Founded in 1868, Frost has helped Texans with their financial needs during three centuries. For more information, visit www.frostbank.com.