Today, consumers of nearly 10,000 financial institutions—an increase of 3,000 financial institutions within the past year—participate in the Zelle Network®, whether accessing Zelle® through their financial institution’s mobile banking app or enrolling their debit cards in the Zelle® app.
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...
• 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
This is an updated blog that was originally published June 27, 2023.
Application fraud prevention is getting a lot of attention from banks and credit unions. For good reason.
Account opening processes are speeding up, much to the delight of consumers...
Financial institutions are facing intense competition from both fintechs and traditional players, putting downward pressure on the revenue they generate from mass-market consumers.
Curinos’ new report Zelle® Usage Drives Customer Engagement explains “as digital channels become a larger source of new customers, banks find that engagement levels and revenue contribution of these customers are far lower than their existing, branch-originated counterparts.”
Scottsdale, AZ
Quarter-over-Quarter Zelle Network® Continues with Double-Digit Increases in Transaction Volume and Value as More Financial Institutions Join the Network
During Q3 2018 (July – September), 116 million transactions took place on...
Strategic alliance to provide ubiquitous, frictionless person-to-person payments
Jack Henry & Associates, Inc. (NASDAQ: JKHY), a leading provider of technology solutions and payment processing services primarily for the financial services industry, announced today that it is partnering with Early Warning Services, LLC, the network operator behind Zelle®, to make faster payments more readily available for minority-owned depository institutions (MDIs).
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...
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...New data demonstrates how small business use of Zelle is growing, helping small businesses across the country do more, faster
Zelle® and EVERFI Partner on Digital Financial Literacy Programs for High School Students Nationwide
Scottsdale, AZ
Early Warning Services, LLC, the company behind the popular Zelle® payments network, today announced a partnership with EVERFI, the leading social impact education technology company.
The partnership will provide more than 1,000 high...
It's critical for fraud pros at financial institutions to stay on top of KYC compliance requirements in order to maintain regulatory adherence and keep bad actors out of their system. Here are the top 10 things you need to know about KYC. Whether you...
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.