More than half of consumers sending money withZelle® are ages 25-54, part of both the Millennial and Generation X demographics, while boomers, ages 55- 72, have recently increased their overall use of Zelle®.
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.
In 2021, A 74-year-old Washington veteran was sentenced to 25 months in prison for stealing his brother’s identity and collecting his disability checks for more than 30 years. Plot twist: the brother was reported missing in 1989 and what happened to him remains a mystery.
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.
"Today, more than 1,000 banks and credits unions are currently contracted to participate on the Zelle Network®, including 731 that are live today and processing transactions,” said Al Ko, CEO of Early Warning Services, LLC.
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.
Zelle® and Fiserv Launch Program to Bring Real-Time P2P Payments to Minority Depository Institutions
Banesco USA customers can now look for Zelle® in their BanescoMobile banking app to send money to friends and family, wherever they bank in the U.S. Money sent with Zelle® goes directly from one bank account in the U.S. to another, using only a recipient’s email address or U.S. mobile number. Funds are typically available within minutes when both parties are already enrolled with Zelle®.
Early Warning Services, LLC, the network operator behind Zelle®, announced its Q3 2021 transaction results highlighted by year-over-year increases across Zelle® Small Business and Disbursements with Zelle®. Overall, the network processed $127 billion on 466 million transactions in Q3 2021.