As attempted payment fraud continues to rise and as ACH volume increases, it also becomes increasingly important to protect against those attempts.

Consumers make millions of transactions over P2P. Community banks and credit unions may miss opportunities with faster payments to increase digital engagement.

Early Warning Services has recently been recognized as a Nacha Preferred Partner and has joined a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network.

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.

The COVID-19 pandemic has accelerated the use of digital technology in all aspects of life, and financial services is no exception. Suddenly, financial institutions and their customers both have a new incentive to embrace digital banking services.