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Zelle® Closes 2020 with Record $307 Billion Sent on 1.2 Billion Transactions

Scottsdale, AZ, February 2, 2021 – Early Warning Services, LLC, the network operator behind Zelle®, today announced record payment volume and value in 2020 with 1.2 billion transactions, totaling $307 billion sent — an increase of 58% and 62% year-over-year, respectively. Four hundred and fifty-seven new financial institutions also joined the Zelle Network® in 2020.
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We empower decisions about life's big financial moments - and the small ones, too.

From opening new accounts to validating deposits to making payments, our exclusive intelligence is used by more than 2,500 financial institutions to take friction out of finance, and bring trust to transactions.

 

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65%

U.S. checking, savings and payment information we securely analyze

On
MEANS LESS FRAUD
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4.2B

Authentication events monitored annually

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AND BETTER CUSTOMER EXPERIENCES
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140M+

Consumers have access to Zelle® in their mobile banking apps or in the Zelle app

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Banks that are elevating customer experience are making it easier to open accounts, transfer money, and make digital, contactless payments — all while keeping fraud at bay.
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Zelle® is a fast, safe and easy way to send money directly between almost any bank account in the United States-typically within minutes*. Get connected to the Zelle Network® where the nation's leading financial institutions help consumers and businesses make money move.

 

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Early Warning Services, LLC, is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, risk and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences.

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