In the first six months of 2020, $133 billion on 519 million transactions was sent through the Zelle Network®. Read how consumers used Zelle® to share costs for utilities, pay rent, give gifts, send charitable donations, and money to friends and family in need as well as receive disbursements
Last month we heard top things to consider when financial institutions (FIs) are implementing a new P2P payments platform. This month Wade Hobbs, Business Development Manager for Levvel’s Payments practice, went deeper on another important topic - fraud management.
The best inline decisioning solutions will utilize transactional data, historical/behavioral data, and external data from sources like the mobile network providers.
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...How does your phone number secretly unlock a vault to all your savings? For criminals with the right information and a lot of hubris, it’s surprisingly simple. In this episode, we’re telling the story of SIM-swapping: the theft of mobile phone...
Customers of about 5,400 financial institutions are using the Zelle Network®, whether it’s through their financial institution’s mobile banking app, or by registering their debit cards in the Zelle® mobile app.
New York & Scottsdale, AZ
Bank of America and PNC Bank first to send Zelle® payments over the RTP® network
Early Warning Services, LLC and The Clearing House (TCH) today announced Zelle® transactions can now be cleared and settled over the RTP®...
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.
Behavioral analytics and entity linking come together with risk decisioning in a comprehensive authentication platform
Scottsdale, AZ
Early Warning Services, LLC, the network operator behind the Zelle payments network®, today released the results of its 2019 Holiday Survey. The survey details gift-giving desires and trends this season. At the top of the list for...
The BBB Institute for Marketplace Trust (BBB Institute), the Better Business Bureau’s® educational foundation, is partnering with Zelle® to deliver a campaign focused on empowering people to spot the signs of payment scams. The campaign (BBB.org/Red-Flags) is live now and will run through the fall.
With an estimated 5 million checks per week being distributed to taxpayers, here are a few things to keep in mind.
Expanded Predict New Account Risk capabilities from Early Warning® harness shared data to help banks and credit unions fight fraud