Sending payments from a business to a consumer should be fast, safe and easy for everyone involved. Ditch the check and uncover the potential of token-based, digital disbursements.
HOW IT WORKS
Customer Opts in To Receive Payments
Consumer opts in to receive payments through Zelle® and provides their token - an email address or U.S. mobile number - to the disbursing business.
Company Initiates Payment
The business initiates a payment using the provided token, which delivers a message to the Zelle Network®. Communications between the sending and receiving financial institutions are handled through the Network.
Customer Receives Payment
If enrolled, the customer will receive a notification from the FI or Zelle® and the payment will be deposited in their account within minutes.*
COMPANY PRODUCT BENEFITS
Disbursements with Zelle® can help your company:
Improve the customer experience.
Generate additional revenue opportunities.
Decrease losses associated with fraud and theft.
Decrease check management expenses.
Gain a competitive advantage with an innovative offering.
Couple Disbursements with Zelle® with additional Early Warning solutions to enable fast, safe and easy payments. Our Risk Services provide effective mobile device verification and authentication to reduce fraud and enhance customer experiences in the payments process.
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).
Zelle® and Oprah Daily have teamed up to give back to deserving teachers during two special episodes of Oprah Daily’s series, The OG Chronicles. As a show of appreciation for all these teachers do, Zelle® is sending monetary giveaways directly into their bank accounts.