On 'So Money with Farnoosh Torabi,' Farnoosh Torabi and Rose Corvo, Chief Marketing Officer at Zelle, discuss more of what we can expect from a consumption standpoint this summer, what will consumer behavior be like, and how to make smart money decisions in this relatively emotional time.

More consumers and businesses are using Zelle, and the bank-backed payment network wants to remove any points of friction for new users.

As fraudsters grow increasingly sophisticated, the financial services industry has a growing need to bolster its fraud prevention efforts with new solutions and technology.

Zelle announced $106 billion was sent through its network on 392 million transactions, representing year-over-year increases of 74% and 61%, respectively. Transactions through Zelle’s small business accounts increased 180% over the same period in 2020.