Network owner of Zelle® and 30-year-old fintech continues legacy in Greater Phoenix
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.
Zelle® has teamed up with the Detroit Pistons to help Detroit's community invest in their financial future and learn how to protect themselves from fraud and scams.
The Zelle® network yesterday launched a new multi-city financial education training roadshow in partnership with Consumer Action, a national non-profit dedicated to consumer protection and financial empowerment for more than 50 years.
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.
Real-time settlement of Zelle® transactions on the RTP® network enables expanded
uses cases and increases efficiency of P2P, small business and disbursement
payments for participating financial institutions; PNC Bank and U.S. Bank first to pilot the
integration
Zelle®, in partnership with EVERFI, the leading social impact education technology company, today launched “Money Moves: Modern Banking & Identity Protection™”. The free digital education course, available to high schools across the United States.
Modernize your payments fraud mitigation strategy. Identify high risk payments in real time before a transaction goes through.
Stand guard across all deposit channels with insights on 95% of deposited items. Detect fraud, streamline transactions, and empower funds availability decisions.