SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced $49 billion was sent through the Zelle Network® on 196 million transactions during Q3 2019. Year-over-year payment values increased by 58%, while transaction volume increased by 73%.

Currently, more than 600 financial institutions are contracted to participate on the Zelle Network, including 254 that are online today and processing transactions.

The Zelle® App provides an option for consumers who don’t already have access to Zelle in their mobile banking apps.  In addition to the 254 financial institutions online today and processing transactions, an additional 5,516 banks are represented in the Zelle Network via their customers using the Zelle app.

“Today, one in two adults with a U.S. bank account have access to Zelle in their mobile banking app,” said Lou Anne Alexander, Group President, Payments Solutions at Early Warning. “Consumers are turning to Zelle through their financial institution’s bank app, as a convenient way to pay each other without needing to download another app. By connecting financial institutions of all sizes, we have enabled consumers to send fast payments to friends and family. Thanks to our partners, we are changing the way money moves today and influencing how it moves in the future.”

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

SCOTTSDALE, AZ – Early Warning Services, LLC, the company behind the popular Zelle® payments network, today announced a partnership with EVERFI, the leading social impact education technology company.

The partnership will provide more than 1,000 high schools and 50,000 students with free financial education courses on how to bank responsibly in the ever-changing digital era. With only 30% of college students reporting having taken a high school financial literacy course¹ , Zelle and EVERFI address an acute need for more financial education, especially given the rate of change brought on by ever-evolving technologies.

The partnership will be highlighted at the EVERFI Financial Capability Network Summit—a gathering of financial education experts—beginning today in San Juan, Puerto Rico. Rose Corvo, Chief Marketing Officer at Early Warning, will be on stage with EVERFI Chief Operating Officer, Ellen Patterson, to discuss why it’s so important to provide financial education to high school students. Corvo will share insights on how financial brands have a responsibility to empower students with the knowledge and tools to drive positive change in their communities.

”Banking is going through an unprecedented rate of change, improving our lives through speed and convenience, but also introducing a new set of risks for the uninformed,” said Corvo. “We’ve partnered with EVERFI to navigate this change and are committed to making sure the next generation has access to the knowledge to help them understand the impact of technology so they may thrive in this ever-changing landscape.”

Through this partnership, Zelle continues to demonstrate a commitment to financial education, which earlier this year included a partnership with Stacks House, the first pop-up with a purpose to promote women’s financial literacy and help close the gap between women and wealth in America. Last month, the brand began its Pay it Safe campaign aimed at educating consumers on how to safely send money digitally and avoid scams and fraud.

“Our partnership with Zelle is based on shared principles that we can do more together than alone, especially when it comes to inspiring social change,” said Ray Martinez President of Financial Education at EVERFI. “In the past decade, we have seen how education can transform lives. We welcome Zelle to our community of organizations, institutions, and educators to revolutionize the way education is developed and delivered—using today's technology to connect learning to the real world and equip communities with the skills they need for success in the 21st century.”

About EVERFI, Inc.

EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct, and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 30 million learners globally. EVERFI powers community engagement across the spectrum in a sustained manner to empower individuals and organizations to make an impact within their communities. The Company also convenes Networks to bring together financial institutions, colleges and universities, and some of the largest corporations to leverage insights and connections to drive impact. Some of America's leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, Advance Publications, Rethink Education and Rethink Impact. To learn more about EVERFI visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have empowered financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind the Zelle payments network, today released the results of its 2019 Holiday Survey. The survey details gift-giving desires and trends this season. At the top of the list for 2019 are group gifting and gifting money.

“No matter what you celebrate during the holiday season, you’ve probably noticed that holidays—and the gifting traditions around them—are changing and evolving,” said Elaine Swann, etiquette expert and founder of the Swann School of Protocol. “Gifting etiquette is changing too, making group gifts and the gift of money for experiences or personal spending not only acceptable, but preferable, for many digitally-savvy friend and family groups.”

This Year, Group Gifting With Zelle Is The Way To Go

According to the latest Zelle data, family and friends are most likely to come together and gift memorable experiences and opportunities this holiday season—over four out of five consumers (81%) have split the cost of a gift with someone else. Women are slightly more likely to split the cost of a gift, with 83% having done so previously; men are closely behind with 78% percent having split the cost of a gift for a friend or loved one.

Splitting the cost of a gift can help consumers stick to their budgets this season, alleviating the emotional and financial stress the holidays can place on consumers. The survey found 43% of consumers named not having enough money to afford gifts their top holiday money concern. This anxiety appears to be heightened with women, as 50% named not having enough money to afford gifts their #1 concern. An easy solution to alleviate those holiday financial concerns: get a group together, agree on a budget, and send money with Zelle to a designated “team captain” who will help coordinate the group gift.

If you’re thinking about giving a gift as a group, but you’re under the wire, don’t worry, digital person-to-person (P2P) payments can help! Nearly 3 in 4 people (72%) would use a P2P service, such as Zelle, to send money if they were late with a gift, and the majority (61%) of consumers would use a P2P service, such as Zelle, to send money as a gift to a family member.

Are Physical Gifts Out for 2019? Here’s What Generations Want

Group gifts are on the rise, but if you’re giving a gift solo, keep one other major trend in mind: many people prefer the gift of money. In this year’s survey, 65% of individuals stated they prefer the gift of money to pay for experiences, bills, or personal spending.

“For the second year in a row, our annual Holiday Survey found that people not only desire money as a gift, but are increasingly preferring it beyond physical gifts,” said Ravi Loganathan, Chief Data Officer at Early Warning Services, LLC, the network operator behind Zelle. “While traditionally asking for money as a gift may have been frowned upon, today’s digital natives have a new understanding of what it means to give and receive gifts during the holidays.”

Across all generations, money for personal spending is the #1 gift when ranked against tangible gifts, experiences, and money for bills or experiences: 35% of all respondents put receiving money for personal spending as the gift they’d rather receive this holiday season, followed by the gift of an experience (22%), money for an experience (17%) and money for bills (13%).

If you’re trading gifts this holiday season, keep generations in mind. Gen Z is most likely to appreciate money as a gift, with 66% of respondents stating they prefer it because it allows them to spend on whatever they want or need.

“It is absolutely acceptable and well within the guidelines of proper etiquette to give money as a holiday gift,” added Swann. “I recommend you send the money with Zelle instead of giving cash or a check that could be misplaced or lost. After all, giving money is the one gift that is guaranteed to be used, and you can add a note to the recipient on how you intend for them to use your monetary gift.”

Zelle makes it fast, safe and easy for friends and family to share the cost of giving amazing gifts and experiences this holiday season, right from your banking app¹.

Methodology

Early Warning’s Market Monitor provides continuing measurement of consumers’ interactions with, and usage of, payment solutions and related emerging technologies across the broad digital landscape. A ten-minute self-contained digital survey instrument was administered to a representative sample of U.S. online consumers in October 2019. Participants were ages 18 – 72 with a high school degree or higher, who own a smartphone and a checking and/or savings account. They include employed individuals, homemakers, students and retirees.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have empowered financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced its Q4 2019 and 2019 full year results. 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. For the 2019 calendar year, the Zelle Network processed $187 billion in payments on 743 million transactions. Year-over-year payment values increased by 57%, while transaction volume increased by 72%.

“2019 was a monumental year, with one in two U.S. adults with a bank account gaining access to Zelle in their mobile banking app,” said Lou Anne Alexander, Chief Product Officer at Early Warning. “We achieved strong growth across the network including onboarding hundreds of national and regional financial institutions. We will continue growing and evolving Zelle with the hope that everyone with a bank account in the U.S. will have access.”

Currently, 766 financial institutions are contracted to participate on the Zelle Network, including 378 that are live today and processing transactions, representing nearly 70% of all U.S. checking accounts.  In Q4 2019 alone, more than 100 additional financial institutions, national and regional, joined the Zelle Network, helping further the way to national ubiquity.

Everyday Usage of P2P

At the close of 2019, person-to-person (P2P) was used as a payment vehicle by roughly 70% of online U.S. consumers². For many consumers, Zelle became a larger part of their typical day-to-day interactions with friends, family members and coworkers. Gifting and splitting shared everyday costs—utilities, rent, meals, cell phone plans, tickets, etc.—continue to be the most common usages of Zelle amongst friends and family. Sending money with Zelle for birthday and holiday gifts is an increasing trend, as a recent 2019 Zelle survey found that money was the #1 preferred holiday gift³.

Financial Education

“We also made a commitment in 2019 to educate consumers on safe digital banking,” said Alexander. “We introduced new campaigns and partnered with organizations on financial literacy.  At the center of innovation for the financial services industry, we have a responsibility to ensure that consumer protections are at the forefront.”

In 2019, Zelle launched its Pay it Safe campaign aimed at educating consumers on how to safely send money digitally and avoid scams and fraud. The brand also partnered with Stacks House, the first pop-up with a purpose to promote women’s financial literacy and EVERFI, the leading social impact education technology company. By partnering with EVERFI, Zelle will provide more than 1,000 high schools and 50,000 students with free financial education courses on how to bank responsibly in the ever-changing digital era.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.
 

¹ Show Them the Money: 2019 Top Holiday Gifting Trends by Zelle®

² Early Warning’s Digital Adoption Tracking Study, December 2019.

³ Early Warning 2019 Holiday Survey detailing gift-giving desires and trends, December 2019.
 

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

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced how consumers are best leveraging Zelle as they continue to practice social distancing and limit the use of cash.

The Importance of Digital Banking in the Movement of Money

Due to recent economic and societal changes, there has been an increase in consumers leveraging Zelle for everyday essentials such as paying back neighbors for groceries, reimbursing friends and family for canceled events, and sending money to loved ones in need.

Since the beginning of March 2020, enrollments increased, running more than double-digit rates above average. More than half of consumers sending money with Zelle 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. These generations across the U.S. are enjoying the convenience of Zelle within their banking app, with funds typically available within minutes when both parties are already enrolled.

"As events have unfolded and lives changed, consumers are using Zelle to help those in need, and as a result, these heart-warming stories are strengthening connections with family, friends, and communities," said Lou Anne Alexander, Chief Product Officer at Early Warning. "To help foster these bonds, together with our financial institution partners, we are helping bring people closer by enabling them to send and receive money for help with rent, emergencies, shared groceries and gifts for celebratory events."

Currently, 837 financial institutions are contracted to participate in the Zelle Network® with more than half online today and processing transactions. For consumers who don't already have access to Zelle in their mobile banking app, the Zelle app provides an option for consumers to send and receive money with people they trust.  In total, nearly 7,000 financial institutions are represented in the Zelle Network via their customers using the Zelle app or their mobile banking app.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country's largest banks. For almost three decades, our identity, authentication, and payment solutions have been empowering financial institutions to make confident decisions, enable payments, and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning's risk and payment solutions enable the financial services industry to move money fast, safe, and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

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

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced the release of a free curriculum of e-learning classes aimed at older Americans. These classes are developed through a partnership with social change nonprofit Older Adults Technology Services (OATS). OATS online, interactive courses, offered through its award-winning technology training program, Senior Planet, educate older adults on safe digital banking habits, including how to use person-to-person (P2P) payments. Zelle has worked with Senior Planet to co-create a robust curriculum for older adults to learn to use digital banking tools safely during the COVID-19 pandemic and beyond.

According to the latest Zelle data, more than one third of adults, aged 55-74, shared they are concerned about their risk of being targeted by financial scams or fraud.  In addition, more than 20% responded that since the COVID-19 crisis began they have adopted or plan to adopt a P2P payment service. This data combined with a recent survey from Senior Planet—finding 73% of older adults would like to take part in online learning—further showcases the necessity for easily accessible and inclusive digital education tools that meet the unique needs of older adults.

“The current global pandemic has forced changes in consumer behavior,” said Rose Corvo, Chief Marketing Officer for Zelle. “By partnering with OATS we are helping older adults transition safely to digital banking services, through education. Understanding how to use these services will help seniors transact safely from the comfort of their homes.”

COVID-19 Scams Target Vulnerable Populations

The FBI and FTC have issued warnings regarding scams related to the COVID-19 outbreak, noting that the rise in scams has included a range of tactics including email phishing campaigns, robocalls, fraudulent goods, and disinformation campaigns. In the era of self-isolation, older adults must understand how to safely use digital banking tools.

"We know that people 60 and older are among those most vulnerable to the financial scams that have cropped up since COVID-19, capitalizing on the culture of uncertainty,” said Tom Kamber, OATS executive director. “It's more important than ever for older adults to build the skills and tools needed to stay financially secure, so we're delighted to partner with Zelle to support older adults in connecting with their loved ones online and building digital financial literacy."

The free, online courses will be available weekly via the Senior Planet website starting on May 18 and will be available for 10 weeks. To learn more about the courses, visit seniorplanet.org/online. For additional resources on safe payments, visit www.zelle.com/digital-payment-education.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country's largest banks. For almost three decades, our identity, authentication, and payment solutions have been empowering financial institutions to make confident decisions, enable payments, and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning's risk and payment solutions enable the financial services industry to move money fast, safe, and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

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

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced $133 billion was sent through the Zelle Network® on 519 million transactions during the first six months of 2020.

Physical distancing requirements continue to drive strong adoption of Zelle, with enrollment growing 17% over the prior year. Active sender usage—those who have sent a payment in the past 90 days—increased by 43% year-over-year. Average transactions sent per user increased 10% year-over-year, with many consumers using Zelle to pay back neighbors for groceries or to send money to friends and family. Network-wide payment transaction values increased by 60% year-over-year, while payment transaction volume increased by 63%.

“Zelle has become an everyday essential for consumers who need to send and receive money fast,” said Lou Anne Alexander, Chief Product Officer at Early Warning. “Consumers across all generations have embraced Zelle during these challenging times as a contact-free way to safely exchange funds.”

Currently, 924 financial institutions are contracted to participate in the Zelle Network with more than half online today and processing transactions. In total, more than 7,000 financial institutions are represented in the Zelle Network via their customers using the Zelle app or their mobile banking app.

“Zelle offers many benefits to consumers, small businesses and people in need of disbursements, which was especially important during the first half of the year when critical sectors of the economy were impacted,” said Ravi Loganathan, Chief Analytics Officer at Early Warning. “Government stimulus payments were distributed to consumers in response to the pandemic, then consumers used Zelle to send money to pay family, friends and neighbors.”

Zelle Enables Critical Payment Needs

Disbursements with Zelle enabled a Bank of America customer, the Wounded Warrior Project, to distribute more than $8 Million to wounded veterans in urgent financial crisis due to the sudden loss of household income. More than 11,000 wounded, ill, and injured service members received a $1,000 grant per household to help cover their immediate needs for food and shelter.

Small businesses have also started to accept Zelle payments from customers. Currently, seven financial institutions—Bank of America, Chase, Citi, Frost Bank, FirstBank, Morgan Stanley, and U.S. Bank—have made Zelle available to their small business clients. This enables small businesses such as property owners and service providers in fitness and home to offer an easy payment experience for customers while enhancing their cash flow, with payments sent directly to their bank account, typically within minutes between enrolled users.

With the ability to receive money by sharing just an email address or U.S. mobile number with their customers, small businesses automatically have a record of all payments received, reducing the need to handle cash and checks. In addition to getting paid by their customers with Zelle, these small businesses are also disbursing payroll and paying other eligible small businesses using Zelle.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, risk management, and payment solutions have been empowering financial institutions to make confident decisions, enable payments, and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe, and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

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

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced that during the past 12 months (September 2019 – September 2020), the Zelle Network processed more than one billion payment transactions. In Q3 2020, the Zelle Network processed 323 million transactions, totaling $84 billion in money sent—an increase of 17% and 18% quarter-over-quarter, respectively.

“We continue to grow our network, welcoming financial institutions of all sizes. 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. “Zelle is available to more than 140 million consumers in their mobile banking apps or in the Zelle app, and is used for the most important life essentials such as sending contactless payments to local businesses and money to friends and family in need.”

Consumers have increased their use of Zelle significantly in the past 12 months, adopting the service for an evolving set of use cases. In its recent Zelle Consumer Payment Survey, the Zelle Network found that nearly three-quarters of consumers surveyed were most likely to use P2P services to provide financial aid to friends and family since the onset of the COVID crisis.

The Zelle Network also saw more than $4.5 billion sent to small businesses and nearly half a billion dollars sent by companies to consumers via the Disbursements with Zelle service.

Partnerships Help to Increase Digital Financial Literacy

With more consumers shifting banking behavior online, Zelle has partnered with leading social change organizations to offer free educational tools. Through its partnership with EVERFI, Zelle has empowered thousands of high-school students in the United States with online financial literacy classes, and, through the nonprofit Older Adults Technology Services (OATS) Zelle has hosted online community learning sessions on to safely use digital banking tools, including using person-to-person (P2P) payments.

“As the pandemic continues to impact consumer behaviors, it’s more important than ever to help those communities new to digital banking,” said Rose Corvo, Chief Marketing Officer at Early Warning. “This year, we have partnered with OATS and EVERFI and continue to invest significantly in consumer education on how and when to use Zelle, which has helped with adoption but, more importantly, safe banking behaviors.”

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have been empowering financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

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

SCOTTSDALE, AZ – Zelle®, in partnership with EVERFI, the leading social impact education technology company, today launched “Money Moves: Modern Banking & Identity Protection^TM”. The free digital education course, available to high schools across the United States, covers four essential areas of personal finance: 1) Foundational Financial Concepts; 2) Modern Digital Banking; 3) Identity Theft and Fraud Protection; and, 4) Peer-to-Peer Transactions.

“This course empowers students with the knowledge to make informed personal finance decisions in an ever-changing digital world,” said Rose Corvo, chief marketing officer at Zelle®. “Financial literacy is proven to be a key to future success. This course has the potential to change the lives of thousands of students, and we’re proud to offer it.”

A most recent Zelle® Consumer Payments Behavior report highlighted that 62% of Gen Z (ages 18-21) do not consider themselves the most financially literate generation. However, there is an appetite to learn and understand, as 76% of Gen Z consumers polled were interested in improving their financial literacy. EVERFI and Zelle® are helping ensure the next generation has access to the financial education they need and want.

“As our youth are coming of age in an increasingly cashless society, it is important that we teach them how to effectively manage their finances in a digital world,” said Ray Martinez, co-founder, and president, EVERFI. “Research has shown that providing basic financial education to children not only gives them essential financial knowledge and helps them acquire some planning capabilities but also helps them to develop some good financial habits at a young age. The focus of this course on digital banking and avoiding identity theft and fraud has been a much needed but missing piece of the financial education equation.”

Zelle® has committed to offering the course in 650 schools across the U.S. through 2021. Bank and credit union partners are invited to co-sponsor the program, bringing the course to even more students in their communities.

About EVERFI, Inc.

EVERFI is an international technology company driving social change through education to address the most challenging issues affecting society ranging from financial wellness to prescription drug safety to workplace conduct and other critical topics. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) community engagement platform and has reached more than 41 million learners globally. In 2020, the company was recognized as one of the World’s Most Innovative Companies by Fast Company and was featured on Fortune Magazine’s Impact 20 list. Some of America’s leading CEOs and venture capital firms are EVERFI investors including Amazon founder and CEO Jeff Bezos, Google Chairman Eric Schmidt, Twitter founder Evan Williams, as well as Advance, Rethink Education, Rethink Impact, The Rise Fund, and TPG Growth. To learn more about EVERFI and how you can #answerthecall please visit everfi.com or follow us on Facebook, Instagram, LinkedIn, or Twitter @EVERFI.

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 financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S. Funds are available directly in 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

Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks. For almost three decades, our identity, authentication and payment solutions have empowered financial institutions to make confident decisions, enable payments and mitigate fraud. Today, Early Warning is best known as the owner and operator of the Zelle Network®, a financial services network focused on transforming payment experiences. The combination of Early Warning’s risk and payment solutions enable the financial services industry to move money fast, safe, and easy, so people can live their best financial lives. To learn more about Early Warning, visit www.earlywarning.com.

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

SCOTTSDALE, AZ – Zelle® has partnered with Queer Eye star Karamo to produce Karamo's Holiday Spectacular, available to the public via Instagram on December 17. This live holiday event will include conversations with celebrity guests exploring the season's hottest topics. Winners of the Zelle® "Send Cheer" contest will receive $25,000 each for sending cheer in their local communities all year round.

Karamo's Holiday Spectacular, presented by Zelle®, allows people to share in moments of cheer and gratitude this holiday season while taking away actionable and meaningful advice they can integrate into their holiday plans for 2020 and beyond.

To request a media interview with Karamo or the Zelle® team regarding Karamo's Holiday Spectacular presented by Zelle®, please contact pressinquiries@zellepay.com.

Who:

Queer Eye star Karamo, along with special guests Lesley-Ann Brandt, star of Netflix hit series "Lucifer”, Zuri Hall, entertainment reporter, and Matt Steffanina, world-renowned choreographer, as well as the three winners of the Zelle® "Send Cheer" contest.

What:

Karamo and guests will explore the season's hot topics with tips to navigate the holidays during these unprecedented times. Topics include:

• Maintaining a connection with loved ones through virtual holiday get-togethers,
• How we can offer meaningful gifts no matter our budget, time, or energy
• Supporting mental health and well-being by sharing moments of cheer
• Navigating family and "framily" relationships throughout the pandemic
• Helping your community thrive in manageable and meaningful ways throughout these unprecedented times

Where:

Karamo's Holiday Spectacular is open to all – you can access it from wherever you are via the Internet! The Spectacular will air via a livestream on Karamo's Instagram @Karamo, as well as his Facebook page.

When:

December 17 at 4:00 PM PT / 7:00 PM ET on Karamo's Instagram @Karamo, as well as his Facebook page.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.