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Bringing real-time P2P payments to Citi customers in the United States

TL;DR: Consumers and small businesses alike want fast, easy digital payments options. If your financial institution isn't in the Zelle Network®, you might see business opportunities—and customers—slip away.  

Zelle® gives financial institutions a home...
New York, NY

 

Utilization of Early Warning's clearXchangeSM network facilitates payments using recipients' mobile numbers or email addresses. BNY Mellon, a global leader in investment management and investment services, today announced that BNY Mellon...

In Q4 2019, the Zelle Network® processed 230 million transactions, totaling $56 billion in money sent — an increase of 14% and 17% quarter-over-quarter, respectively.
Scottsdale, AZ

 

In the first quarter of 2018, more than $25 billion moved through the Zelle Network®, up 15 percent quarter-over-quarter (QoQ), on 85 million transactions, up 14 percent QoQ.

Zelle® is replacing cash and checks for sending gifts...

Operating a person-to-person (P2P) payments network in the United States gives us a front row seat to how financial institutions are moving into the digital age.

Scottsdale, AZ

Network Growth: More than 1,800 financial institutions live today – 97% of FIs that joined the Zelle Network® in the last year have under $10 billion in assets. Transactions Climb: Consumers and businesses sent 2.3 billion payments...
Once the receiving financial institution (FI) has validated an incoming Zelle® payment against all applicable velocity, fraud, and account disposition checks, funds will be transferred to the recipient’s banking account.