Deposit Risk Assessment in the Era of Multi-Channel Banking  

Faster banking means faster fraud. 

Modern deposit channels—from mobile to remote-deposit capture to same-day ACH—make banking faster and more convenient for customers.  

They also make deposit risk assessment more complicated for FIs.  

Bad actors are...

Fifth Third Bank To Offer Real-Time Person-to-Person Payments

Cincinnati, OH

 

Fifth Third Bank announced today that it will join Early Warning’s ZelleSM Network to offer customers a safe, fast way to make person-to-person (P2P) payments. With ZelleSM, money can be sent by simply using the recipient’s mobile...

Fiserv and Early Warning P2P Payments Alliance Gets Quick Start with Multiple Financial Institutions Committing to Early Warning’s ZelleSM Network
Ally Bank, Bank of the West and BECU are among banks and credit unions that will access the newly launched service via Fiserv
4 Ways a Nuanced Account Risk Assessment Strategy Can Help Banks Reduce Fraud and Spur Business Growth

Application fraud prevention isn't what it used to be. Digital account opening processes are now the norm. Fraudsters are exploiting weaknesses in traditional risk assessment systems. And financial institutions (FIs) are struggling to prevent...

Zelle Ends 2018 with its Strongest Quarter on Record

Scottsdale, AZ

Zelle® closed the year with its strongest quarter on record with $35-billion in payments on 135-million in transactions processed – an increase of 12% and 19% quarter-over-quarter, respectively. Year-over-year payment value (4Q 2017...

Zelle® Closes 2020 with Record $307 Billion Sent on 1.2 Billion Transactions
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.
Technology For Good: How the American Red Cross Disbursed Emergency Aid with Zelle®
The American Red Cross knows that relief leads to recovery, and has made it their mission to help people when they need it most.
Zelle® Moves $75-Billion in 2017
Scottsdale, AZ

 

Zelle today announced $75-billion in money moved in 2017 across its payments network, as millions of consumers reduced their dependence on physical checks and cash, and took part in the digital "new way to pay."

In 2017, the $75...

Top U.S. Bank Prevents $29M+ in Losses Using Verify Deposit

This case study has been updated - originally published July 13, 2023

Faster deposit channels like remote deposit capture and same-day ACH make banking more convenient for consumers. But as transactions speed up, deposit loss prevention solutions must...

How to mitigate risk in banking: bank-contributed data vs. data scraping   

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Improve check fraud detection with the power of data insights

Easier ways to send and receive payments? Check!

The need to write and send paper checks dwindling? Check!

Check fraud becoming a relic of the past?

Umm, not so much…

The reality is, check fraud shot up a mind-blowing 96% in 2022 according to the...

Zelle® is Money in the Bank: Digital Payment Service Replaces TBT’s Oversized Check

Boston, MA

The Basketball Tournament (TBT) today announced that Zelle® is the Official Payment Partner of TBT.  Through this partnership, winners will receive TBT’s $2 million prize with Zelle®, during the award ceremony, giving winners speed and...