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.
During the COVID-19 pandemic, stimulus fraud was rampant. Now, building on the success of pandemic-driven tactics, fraudsters are turning their attention to new account openings.
As account openings surge and application processes continue to move...
Scottsdale, AZ
Five in Five: Five billion+ transactions and nearly $1.5 trillion have moved across the network since 2017.Safe Payments: More than 99.9% of payments are sent without any report of fraud or scams.Widespread Adoption by U.S. Financial...• Year-over-Year transaction values increased 54%; YoY transaction volume increased by 72% • Signed 139 regional banks and credit unions onto the Zelle Network® in Q1 2019
Scottsdale, AZ
Early Warning Services, LLC, the network operator behind Zelle®, today announced $44 billion was sent through the Zelle Network® on 171 million transactions during Q2 2019. Year-over-year payment values increased by 56%, while...
Payment fraud detection is difficult to perfect. It’s a slippery form of fraud that shifts its shape as new technologies emerge. Indeed, criminals are relentless in their pursuit to steal funds via unauthorized payments—continuously innovating new...
Zelle® and CSN will work together to spread awareness and educate consumers and small businesses on financial fraud and scams.