MONETT, MO – Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today the company announced a strategic alliance with Early Warning to resell Early Warning’s Zelle^SM Network to partner financial institutions. Zelle, a new faster payments network, will enable financial institution customers to send faster person-to-person (P2P) payments to nearly anyone with a U.S. bank or credit union account.

Jack Henry & Associates has offered P2P services since 2005 through iPay Solutions^TM, with its volumes of payment transactions growing consistently since inception. With the addition of Zelle, Jack Henry & Associates’ clients will be able to provide the Zelle Network and P2P product to their customers. iPay Consumer Bill Pay^TM clients will also gain the option to send and receive P2P transactions through the Zelle network. Participating financial institutions will be able to implement Zelle capabilities in 2017.

Lou Anne Alexander, group president, payments of Early Warning, said, “Partnerships that lead to the growth of the Zelle Network are vital to our business, and a great benefit to all users. We are pleased to partner with Jack Henry & Associates on our mutual mission to provide faster, more secure P2P payment solutions.”

Greg Adelson, general manager of Jack Henry & Associates’ Payment Solutions Group, said, “Jack Henry & Associates is dedicated to providing clients with products and services that are at the forefront of faster, more reliable payments. Adding Zelle to our existing P2P capabilities will allow our clients to give consumers more of what they desire in this type of payment experience, and maintain ownership of these transactions as they compete more effectively against alternative payment providers.”

Zelle is an inclusive network that is open to all banks and credit unions in the United States. Nineteen financial institutions have already joined the Zelle Network thus far, and through Early Warning’s alliance with Jack Henry & Associates, approximately 3,000 additional financial institutions will gain access to the network. At launch, Zelle will be one of the largest faster payments networks in the U.S., accessible to over 76 million mobile banking users nationwide.

About Early Warning

Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the financial system. Learn more at www.earlywarning.com.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its solutions serve approximately 10,500 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking® supports banks ranging from community banks to multi-billion dollar institutions with information processing solutions. Symitar® is a leading provider of information processing solutions for credit unions of all sizes. ProfitStars® provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

CINCINNATI, OH – Fifth Third Bank announced today that it will join Early Warning’s Zelle^SM Network to offer customers a safe, fast way to make person-to-person (P2P) payments. With Zelle^SM, money can be sent by simply using the recipient’s mobile number or email address. Fifth Third customers will have access to real-time payments with Zelle^SM in 2017.

• Zelle^SM is safer: Fifth Third customers will benefit from the convenience of real-time P2P payments and the security that banks provide their customers.
• Zelle^SM is fast: Zelle^SM will enable Fifth Third customers to send and receive faster payments, with funds accessible by the recipient within minutes.
• Zelle^SM is simple: Fifth Third customers can use Zelle^SM through their Fifth Third mobile banking app.

“Fifth Third is excited to offer additional services to our customers allowing them to make P2P payments that are simple, safe and received in real time,” said Greg Carmichael, CEO and president of Fifth Third Bancorp. “We are looking forward to working with Early Warning to offer Zelle^SM and allow our customers to bank when they want and how they want.”

P2P payments are increasing, with a recent study showing a growth of 23 percent year-over-year.¹ One of the biggest growth areas is for consumers ages 30 to 39.¹

About 15 percent of consumers say they make P2P payments daily or weekly, according to a 2015 study on digital payments. But current products don’t allow immediate payments. More than half of consumers surveyed said they would use P2P more often if payments were immediate.²

“We looked at what our customers want. They want to make payments now; they don’t want to wait for them to process. They want it to be easy. And they want that same trust they have in their own bank,” said Larry McClanahan, Fifth Third’s director of digital delivery. “Zelle^SM will give our customers a seamless experience.”

Accessing Zelle^SM through Fifth Third is free and makes it easy to send money to a friend, whether to split the cost of dinner or pay the rent on an apartment.

“The addition of Fifth Third represents a significant milestone as Early Warning continues to expand the Zelle^SM Network making faster, safer payments accessible to almost anyone nationwide,” said Paul Finch, chief executive officer for Early Warning. ”Fifth Third is a leader in innovation, and Early Warning is pleased to work together to provide Fifth Third customers with access to faster P2P payments through Zelle^SM.”

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $144 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.

About Early Warning

Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the financial system. Learn more at www.earlywarning.com.
 

¹ According to a 2015 study by FindaBetterBank.com that surveyed 800 adults.

² According to a 2015 Accenture study that surveyed 4,000 adults in the U.S. and Canada.

SCOTTSDALE, AZ – Beginning this month, more than 86-million U.S. mobile banking consumers will be able to send and receive money through Zelle®—a new person-to-person (P2P) payments network from bank-owned Early Warning Services. Changing the way money moves, Zelle® allows for funds to be sent from one bank account to another in minutes, using only a recipient’s email address or mobile number. “Send Money with Zelle®” is conveniently available within the mobile banking apps of Zelle Network® participants—a network, which includes banks and credit unions of all sizes. With no additional app to download, Zelle® will make digital payments a fast, safe and easy alternative to checks and cash.

Beginning this week, and continuing on a rolling basis over the next 12 months, Zelle® will become available in the mobile banking apps of more than 30 participating financial institutions, including (listed alphabetically) Ally Bank, Bank of America, Bank of Hawaii, Bank of the West, BB&T, BECU, Capital One, Citi, Citizens Bank, Comerica Bank, ConnectOne Bank, Dollar Bank, Fifth Third Bank, FirstBank, First Tech Federal Credit Union, First Tennessee Bank, First National Bank, Frederick County Bank, Frost Bank, HomeStreet Bank, JP Morgan Chase, KeyBank, M&T Bank, MB Financial Bank, Morgan Stanley, PNC Bank, SchoolsFirst Federal Credit Union, Star One Credit Union, SunTrust Bank, TD Bank, USAA, U.S. Bank, and Wells Fargo.

In addition to working directly with financial institutions, Early Warning has established strategic partnerships with some of the leading payment processors—CO-OP Financial Services, FIS, Fiserv, and Jack Henry and Associates. These relationships will allow millions more to experience Zelle® through community banks and credit unions.

“Fragmentation has been frustrating for consumers. Inconsistent experiences, have made it difficult to send and receive money between banks,” said Paul Finch, Chief Executive Officer, Early Warning Services. “Zelle ® unites the financial community behind a single, real-time P2P payments experience for millions of consumers. Together, we are removing friction from finance, allowing money to move seamlessly between accounts in minutes. This revolution in money movement will create for consumers a viable alternative to checks and cash.”

Moving P2P Payments from Millennials to Mainstream

In May 2017, Javelin Strategy & Research reported explosive growth in digital (PC/laptop or mobile) P2P payment usage from 62 million consumers in 2013 to 84 million in 2016. An estimated 129 million consumers will use P2P services in 2021 (Moeser, Michael, Making Payments Faster: The $20 Trillion Opportunity, May 2017). As consumers get increasingly comfortable with using digital channels as a cash and check alternative in daily commerce, Zelle® is well positioned to drive P2P payments to the mainstream.

“The consumer P2P market is experiencing rapid growth and financial institutions have a critical role to play,” said Michael Moeser, Director of Payments, Javelin Strategy & Research. “There is a market opportunity to offer a secure and trusted experience, as well as have greater P2P availability in financial institutions’ digital banking, mobile wallets and voice-driven P2P services.”

In Q1 2017, more than 51 million transactions flowed through the Zelle Network®, totaling more than $16 billion. The Zelle Network®, built on the foundation of the clearXchange® Network, experienced 39% year-over-year growth in transaction volume. In 2016, a staggering $55 billion in P2P payment transactions were processed by financial institutions participating in the Zelle Network®.

Millions more consumers, including individuals at non-participating banks, can experience Zelle® through a standalone Zelle® app in the coming months. Through partnerships with MasterCard and Visa the Zelle® app will enable the customers of participating financial institutions to send money to, and receive money from, nearly anyone with a U.S. based debit card.

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects the nation’s leading financial institutions, enabling consumers to send fast person-to-person payments to friends and family with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zelle.com.

About Early Warning Services, LLC

Creating the Future of Payments®, Early Warning delivers innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in technology that helps money move fast, safe and easy. Learn more at www.earlywarning.com.

SCOTTSDALE, AZ – Since June 2017, Zelle Network Banks and Credit Unions have seen up to 300% increases in new customer enrollments. An average of more than 50,000 new consumers enroll with Zelle daily. These consumers join a person-to-person (P2P) payments network already poised to reach more than 86-million consumers through the mobile banking apps of Zelle Network participant banks and credit unions. Currently, Zelle is LIVE in the mobile banking apps of more than 10 banks with new banks and credit unions joining frequently. Enhancing these mobile banking app experiences, next week millions more will have the opportunity to send and receive money with Zelle through a new mobile app, from bank-owned technology company and operator of the Zelle Network, Early Warning Services. The app goes live in the App Store and Google Play on September 12.

“Together with our bank and credit union partners we set out to make it easy, fast, and safe for consumers to send and receive money from almost anyone,” said Paul Finch, CEO of Early Warning Services. “Our partners are revolutionizing banking, reducing friction from finance, and making it convenient to send money in the moment. The Zelle App is a perfect complement to the network banks and credit unions as it allows their customers to reach millions more with the power of Zelle.”

Zelle allows money to be sent from one account to another typically within minutes when both parties are enrolled, using simply a recipient’s email address or mobile number. Now, through partnerships with Mastercard and Visa, almost anyone with a debit card issued in conjunction with a U.S. bank account can use Zelle through the new Zelle Mobile App. The app complements “Send Money with Zelle” experiences conveniently available within the mobile banking apps of Zelle Network participants—a network that includes banks and credit unions of all sizes.

Learn more about Zelle at www.zelle.com.

“Consumers are moving money in the moment with Zelle in a way that’s replacing cash with convenient P2P payments,” said Lou Anne Alexander, group president, payments, Early Warning Services. “Zelle is designed to be a simple experience that fits into the rhythm and flow of life. With just a few taps, regardless of where you experience Zelle, you can send and receive money fast—all with the peace-of-mind that your transactions will be backed by the security of your trusted financial institution.”

Real Time Payments Provide the Convenience of Cash

In May 2017, Aite Group reported that a common brand across financial institutions (FIs) will drive consumer understanding and adoption of digital P2P payments services. Zelle’s standout features, such as its interoperability and real-time payments, would be key to driving P2P ubiquity. [Source: “Digital Person-to-Person Payments in the U.S.,” Aite Group, May 2017.]

“The mobile experience is evolving making the digital exchange of money more appealing to consumers across all generations,” said Talie Baker, Senior Analyst with Aite Group’s Retail Banking & Payments practice. “P2P is an emerging form of payment and hundreds of millions of consumers will now be able to benefit from a bank-owned network that is providing interoperable mobile P2P payments capabilities. With Zelle, consumers will be able to send and receive payments in real time to nearly any bank account in the U.S. making mobile P2P feel just like cash.”

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects the nation’s leading financial institutions, enabling consumers to send fast person-to-person payments to friends and family with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zelle.com.

About Early Warning Services, LLC

Creating the Future of Payments®, Early Warning delivers innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in technology that helps money move fast, safe and easy. Learn more at www.earlywarning.com.

Zelle and the Zelle related marks and logos are property of Early Warning Services, LLC.

LAS VEGAS, NV – A year after its unveiling at Money20/20, Zelle returns to the “Ball” with significant momentum behind its banking industry-led, real-time mobile payments network. Zelle enables money to move from one bank account to another typically within minutes, using only an e-mail address or a mobile phone number. In Q3 2017 (July – Sept.) Zelle payments surged, with an average of 65,000 consumers enrolling daily, resulting in the network processing more than 60 million real-time person-to-person (P2P) payments, valued at $17.5 billion.

This success comes as the number of financial institutions in the Zelle Network grows to more than 50, including new participants, America First Credit Union, Bank of Central Florida, Bank of York, City National Bank, Collins State Bank, First National Bank of Central Texas, Guadalupe National Bank, Huntington Bank, Provident Bank, Quontic Bank™, Regions Bank, Renasant Bank, Seacoast National Bank, Surrey Bank & Trust, and United Bank. Already 13 financial institutions are currently live with Zelle, with more launching weekly.

For a full list of participating financial institutions, visit www.zelle.com.

“Our real-time payments network is unlocking new opportunities for an entire industry,” said Paul Finch, CEO at the bank-owned Early Warning Services—the network behind Zelle. We have built and deployed multi layered fraud and risk management technology to enable safe payments in a real-time world. We’re also really proud that we have enabled millions of dollars to be disbursed to people impacted by disasters over the last few months, changing how money moves.”

Disbursing Funds to Those in Need

Adoption of Zelle is increasing beyond person-to-person (P2P), with corporations and charitable organizations using the Zelle Disbursements service, to send electronic payments to individuals using only their mobile phone number or email address.

“Early Warning’s Zelle and other payment tools allowed the Red Cross to distribute emergency financial assistance donated by the general public in a fraction of the time,” said Steve Casey, treasurer at the American Red Cross. “The team at Early Warning was pivotal in helping the Red Cross progress from concept to execution, and while we have more work to do drawing from lessons learned, we are excited that the Red Cross can help families so quickly on such a large scale. We could never have provided this financial assistance without the compassionate outpouring of financial donations from the public.”

Learn More about Zelle at Money20/20, October 22-25, 2017

At this year’s Money20/20 Conference, held at The Venetian in Las Vegas, Lou Anne Alexander, Group President of Payments at Early Warning will be participating on the following panels:

• Monday, October 23, 1:00pm - 1:20pm: Zelle® of the Ball: Have the Banks Launched the Next Big Thing in P2P Payments?
• Wednesday, October 24, 8:30am - 10:00am: Session: The Faster Money Challenge: Providers & Users Debate Solutions.

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects the nation’s leading financial institutions, enabling consumers to send fast person-to-person payments to friends and family with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zelle.com.

About Early Warning Services, LLC

Creating the Future of Payments®, Early Warning delivers innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in technology that helps money move fast, safe and easy. Learn more at www.earlywarning.com.

LAS VEGAS, NV – Zelle, a new, real-time payments network from bank-owned Early Warning Services, today added ACI Worldwide, CGI, D3 Banking Technology, and IBM to its growing list of technology partners. These leading technology companies will provide design, development and integration solutions and services to accelerate the adoption of Zelle at their financial institution clients.

For a full list of participating financial institutions, visit https://www.zelle.com/partners.

“Our new technology partners empower financial institutions to deploy real-time payments quickly with Zelle—accelerating time-to-market, reducing risk, growing revenues, and controlling costs,” said Ian Macallister, vice president of Market Strategy at Early Warning Services. “We’re at the forefront of an industry-wide move to faster money movement, and our partner ecosystem expansion adds solutions, services, and expertise which will only accelerate Zelle adoption.”

These new technology partners join some of the leading companies payment processors—CO-OP Financial Services, FIS, Fiserv, and Jack Henry & Associates, Inc.—to provide digital payment solutions for financial institutions large and small.

Early Warning has developed a suite of passive and active identification and authentication solutions to enable all Zelle Network® participants to easily and safely manage real-time payments. Components of this suite of solutions are now used by four of the top six U.S. banks to secure their mobile banking channels while offering flexibility and improving customer experiences. Capabilities including access to biometrics, pattern recognition, secure messaging, Mobile Network Operator intelligence, device identification, behavioral biometrics and device health can be integrated seamlessly to existing systems to deliver the protection consumers demand across all interactions. Technologies from leading device and mobile risk vendors, InAuth, NuData Security, and Payfone, are part of the Zelle Risk Services portfolio and help to ensure safe and secure banking transactions like sending money to a friend.

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects the nation’s leading financial institutions, enabling consumers to send fast person-to-person payments to friends and family with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zelle.com.

About Early Warning Services, LLC

Creating the Future of Payments®, Early Warning delivers innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in technology that helps money move fast, safe and easy. Learn more at www.earlywarning.com.

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 billion moved on Zelle, was an increase of 36 percent year-over-year (YoY) from 2016’s totals of $55 billion when the Zelle Network® was previously clearXchange®. The Zelle Network processed more than 247 million payments in 2017, an increase of more than 45 percent YoY on the 170 million transactions processed in 2016.

In the fourth quarter of 2017 alone, the network moved $22 billion, up 14 percent quarter-over-quarter (QoQ), on more than 75 million transactions, up 18 percent QoQ.

Zelle enables payments from one bank account to another, typically within minutes when both consumers are enrolled, using only an e-mail address or a U.S. mobile phone number. For more than 95 million consumers, Zelle is already available from the convenience of their mobile banking app, with no additional downloads required. For consumers who bank with financial institutions outside of the network, a Zelle App is available in the Apple App Store and Google Play.

“2017 was a banner year for Zelle! The banking industry launched the first real-time P2P payments network, and millions of consumers responded by embracing a new way to pay,” said Paul Finch, CEO at the bank-owned Early Warning Services—the network operator behind Zelle. “Consumers are looking to digital solutions to replace physical checks and cash as a way to pay friends and family. The convenience of Zelle on more than 95 million phones provides a unique market opportunity to change consumer mobile banking behavior.”

Consumer and industry demand have confirmed broad interest for Zelle to facilitate fast and safe payments in an increasingly digital economy. By the end of 2017, Zelle was nearing an average of 100,000 token enrollments per day. In 2018, this participation is expected to grow with core processor and system integrator partnerships, making it even easier to connect thousands more financial institutions to Zelle. Moving forward, the Zelle Network will continue to be used as an innovation platform for faster money movement solutions beyond P2P payments and the corporate and charitable disbursements service.

2017 Zelle Highlights

• More than 60 Financial Institutions Are Now Part of the Zelle Network: From small community banks and credit unions to the largest national banks, more than 60 financial institutions have joined the Zelle Network. Participants currently represent 50 percent of U.S. demand deposit accounts (DDA) Accounts.
• Zelle Expands its Partner Ecosystem: ACI Worldwide, CGI, D3 Banking Technology, and IBM joined the list of leading companies and payment processors—CO-OP Financial Services, FIS, Fiserv, and Jack Henry & Associates, Inc.—working with Zelle to create a broad, collaborative payments ecosystem, and help more financial institutions connect to the Zelle Network.
• Zelle Adds Complementary App to Enhance Mobile Banking Experiences: Access to the Zelle Network included a free Zelle App available in the App Store and Google Play. The Zelle App allows almost anyone with a Visa or Mastercard debit card issued in conjunction with a bank account in the U.S. to send money fast and easily to others at participating Zelle Network banks and credit unions.
• Zelle Goes Beyond P2P: Corporations and charitable organizations are using the Zelle Disbursements service to send electronic payments to individuals using only their mobile phone number or email address.
• Zelle Risk Solutions Create Safer Payment Experiences: To protect consumers and financial institutions from fraud, Zelle introduced mobile authentication processes that bring together data from networks, devices and users to assess enrollment and transaction risk almost instantly.
• Zelle Launches U.S. Marketing Campaign: In October 2017, Zelle’s “This is how money moves®” advertising campaign went live. Tony and Grammy award winner, Daveed Diggs, brought to life how money is exchanged in a nationwide mass media campaign launched earlier this month (Jan. 2018).

About Zelle®

Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast, safe and easy for money to move. The Zelle Network® connects the nation’s leading financial institutions, enabling consumers to send fast person-to-person payments to friends and family with a bank account in the U.S. Funds are available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle. To learn more about Zelle and its participating financial institutions, visit www.zelle.com.

About Early Warning Services, LLC

Creating the Future of Payments®, Early Warning delivers innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in technology that helps money move fast, safe and easy. Learn more at www.earlywarning.com.