SCOTTSDALE, AZ – This holiday season, if you could give $25,000 to the one person in your life who sends cheer all year round, who would it be? Someone you love? Someone from your community who has made this year a little brighter—maybe a nurse, a teacher, or a community organizer? Or even yourself? Good news—it only takes sixty seconds to enter the Zelle® Send Cheer contest and potentially change a life forever!

Queer Eye star Karamo has teamed up with Zelle® to give away $25,000 to three lucky winners this holiday season—and entering to win is easy!

How:

• Submit an entry by posting a 60 second or less video on Instagram detailing how you - or your loved one - have been sending cheer to those near and far all year
• Follow @zellepay and use the hashtag #ZelleContest on your post
• Make sure your account is public so Karamo can see the entries!
• Sit back and relax—Karamo and Zelle® will be choosing prizewinners and revealing the winners live on December 17 at Karamo’s Holiday Spectacular, presented by Zelle®!

What:

The Zelle® Send Cheer contest aims to celebrate and reward those who have dedicated time and effort to “pay it forward” this year—from supporting friends and family to giving back to their communities.

When and Where:

The contest will take place on Instagram and entries will be accepted until November 29, 2020 at 11:59 pm ET. Winners will be awarded $25,000 and the opportunity to participate in a virtual meet-and-greet with Karamo during Karamo’s Holiday Spectacular presented by Zelle® on December 17.

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

NO PURCHASE NECESSARY. Enter Contest between 11/12/20 at 9:00 AM ET and 11/29/20 at 11:59 pm ET. Open to legal residents of the 50 U.S. states & D.C., who are 18+ and enrolled with Zelle®. (Applies to Nominator & Nominee). Instagram account also required to submit entry. Self-nominations allowed. If nominating someone else: (a) get Nominee’s consent prior to entry and (b) only Nominee is eligible to receive prize if a winner. Limit 1 entry per person (as Nominator or Nominee). Visit www.ZelleContest.com for full details on how to enter, eligibility & content requirements, judging criteria, prize description and limitations (including availability of Karamo and other aspects of segment element of prize). Void where prohibited. This Contest is in no way sponsored, endorsed or administered by, or associated with, Facebook or Instagram. SPONSOR: Early Warning Services, LLC, 16552 N. 90th Street, #100, Scottsdale, AZ 85260.

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 record payment volume and value in 2020 with 1.2 billion transactions, totaling $307 billion sent—an increase of 58% and 62% year-over-year, respectively. Four hundred and fifty-seven new financial institutions also joined the Zelle Network® in 2020.

“Despite challenging societal circumstances in 2020, we are proud of the role Zelle played in enabling businesses and consumers to leverage digital payments in their everyday lives,” said Al Ko, CEO of Early Warning Services, LLC. “2021 is off to an amazing start with 850 banks and credit unions processing payments. We are making considerable progress towards our goal of every U.S. Financial Institution joining our network and look forward to working with our reseller partners in adding more participants every day.”

Nearly 7,000 financial institutions are represented in the Zelle Network via their customers using the Zelle common mobile app.

While most consumers experience Zelle through the mobile banking apps of their banks and credit unions, customers of nearly 7,000 financial institutions rely on the Zelle mobile app today for fast, safe and easy digital payments. Demand from community banks and credit unions for Zelle is high, with Aite Group finding that 67 percent of community banks and credit unions reporting that their customers are asking for Zelle². Aite also reported that through a combination of the financial institutions offering Zelle directly and partnerships with debit network operators, Zelle estimates it can reach 97% of DDAs.

“Nearly half of community banks and credit unions not yet offering Zelle plan to implement within the next 12 months,” said Talie Baker, senior analyst, Aite Group. “Financial institutions that have implemented Zelle are seeing up to 300% year-over-year growth and report customers/members using Zelle are more profitable, stay with the FI longer, and use more products and services.”

P2P reaches Mainstream Adoption; Small Businesses and Corporates Adopt Zelle for Real-Time Payments

Today, more than 80% of consumers either use or plan to use P2P services—and nearly 1/5 (19%) of consumers began or planned to use P2P during the pandemic, according to research by Zelle. These same consumers and more can now use Zelle to send money to eligible small businesses, with 11 financial institutions—Bank of America, Bank of the West, Chase, Citi, FirstBank, Frost, Investors Bank, Morgan Stanley, Truist, U.S. Bank, and Wells Fargo—having launched Zelle for small businesses in 2020. Corporations are also turning to Zelle to meet consumer demands. In 2020, Disbursements with Zelle achieved a 41% increase year-over-year as corporations disbursed funds to individuals electronically rather than checks.

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 more than 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 Early Warning Market Intelligence

² Aite Group, “Faster Payments for Community Banks and Credit Unions” Oct. 2020

Who:

Zelle® has partnered with celebrity TV host and Queer Eye star Karamo to give away a total of $75,000 this holiday season through the Zelle® “Send Cheer” contest. The contest will culminate with Karamo’s Holiday Spectacular presented by Zelle®, a live event meant to celebrate and spread cheer through this holiday season.

What: 

• Karamo’s Holiday Spectacular presented by Zelle® will be an Instagram live event where Karamo will explore the season’s hot topics with tips to navigate the holidays during these unprecedented times. With the help of live guests including experts, and Zelle® “Send Cheer” contest prize winners, Karamo will explore topics such as mental health and well-being, navigating family relationships, and helping your community thrive in manageable and meaningful ways.
• The Zelle® “Send Cheer” contest will take place on Instagram and entries will be accepted until November 29, 2020 at 11:59 pm ET. The contest aims to celebrate and reward those who have dedicated time and effort to “pay it forward” this year - from supporting friends and family to giving back to their communities. Winners will be awarded $25,000 and the opportunity to participate in a virtual meet-and-greet with Karamo during Karamo’s Holiday Spectacular presented by Zelle®.

Where:

Karamo’s Holiday Spectacular will occur on Karamo’s Instagram page.

When:

Thursday, December 17, 2020, 4:00 pm PT/7:00 pm ET

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

How to Enter the Zelle® "Send Cheer" contest:

To enter the Zelle® “Send Cheer”’ contest, consumers must post a 60 second or less video on Instagram detailing how they - or someone they know - have been paying it forward and sending cheer within their community throughout the pandemic. Winners, those whose good deeds are highlighted in the videos, will be awarded a monetary prize of $25,000 and an invitation to participate in a virtual meet-and-greet with Karamo this holiday season during Karamo’s Holiday Spectacular, presented by Zelle®. To be considered, consumers must be following Zelle® on Instagram @ZellePay prior to submission and should post their video on Instagram with the hashtag #ZelleContest.

NO PURCHASE NECESSARY. Enter Contest between 11/12/20 at 9:00 AM ET and 11/29/20 at 11:59 pm ET. Open to legal residents of the 50 U.S. states & D.C., who are 18+ and enrolled with Zelle®. (Applies to Nominator & Nominee). Instagram account also required to submit entry.  Self-nominations allowed. If nominating someone else: (a) get Nominee’s consent prior to entry and (b) only Nominee is eligible to receive prize if a winner. Limit 1 entry per person (as Nominator or Nominee). Visit www.ZelleContest.com for full details on how to enter, eligibility & content requirements, judging criteria, prize description and limitations (including availability of Karamo and other aspects of segment element of prize). Void where prohibited. This Contest is in no way sponsored, endorsed or administered by, or associated with, Facebook or Instagram. SPONSOR: Early Warning Services, LLC, 16552 N. 90th Street, #100, Scottsdale, AZ 85260.

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

ANN ARBOR, MI – Cybercrime Support Network (CSN) today announced that Early Warning Services, LLC, the network operator of Zelle®, has joined the nonprofit collaboration as a lead sponsor. With cybercrime on the rise and the use of digital payment systems continuing to grow across the U.S., it's essential to educate the public on how to protect themselves. Zelle® and CSN will work together to spread awareness and educate consumers and small businesses on financial fraud and scams.

Pay it Safe – Resources and Tips for Safe Payments

An April 2021 study commissioned by Zelle® unveils key findings in consumer behavior around financial literacy. About a quarter of consumers surveyed report being a victim of a scam, and almost half report knowing someone who was scammed. Through its Pay It Safe initiatives, Zelle® helps educate consumers on protecting themselves and their money:

• Only send money to those you trust.
• Beware of payment scams.
• Treat Zelle® (or any digital payment system) like cash.

By partnering with nonprofits, Zelle® is extending its focus on the consumer protection of fraud and scam issues related to current events, including COVID-19. As a sponsor of CSN, the company continues its obligation to help consumers transition safely to digital banking services through education.

"The Federal Trade Commission’s data shows that of reported fraud last year, in the fourth quarter alone, losses involving some form of payment system (credit cards, gift cards, wire or bank transfers) exceeded $434M. It’s not surprising that financial fraud and purchase scam resources are some of our most sought after on FightCybercrime.org," said Kristin Judge, CSN's CEO. "We are honored to collaborate with Zelle® to provide scam and fraud resources to reach even more individuals and small businesses impacted by cybercrime."

Early Warning's Director of Consumer Marketing, Alexis Castorina, and Sr. Director of Network Operating Rules, Julie Jeffer, will serve on the CSN advisory board, sharing their expertise and guidance for CSN's growing programs.

"As banking continues to evolve, it's important for us as a company to invest in consumer advocacy opportunities that help educate individuals and small businesses on digital banking safety and ways they can protect their identities online," said Castorina. "Through our partnership, CSN’s educational materials will be made available to all of our Zelle Network® partner financial institutions for distribution to their customers.”

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 Cybercrime Support Network

Cybercrime Support Network (CSN) is a public-private, 501(c)(3) nonprofit collaboration whose mission is to serve individuals and businesses impacted by cybercrime. With the strong support of our sponsors, Craig Newmark Philanthropies - AT&T - Capital One - Cisco Systems - Comcast - Early Warning - Google - Microsoft - NordVPN - Trend Micro - Verizon - Zelle, CSN can continue to support individuals and small businesses through FightCybercrime.org, a resource database for those impacted by cybercrime and online fraud, and ScamSpotter.org, a website to help identify scams and stop fraudsters. For more information, please visit Cybercrimesupport.org.

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, today announced $106 billion was sent through the Zelle Network® on 392 million transactions during Q1 2021. Year-over-year sent payment values increased by 74%, while payment transactions increased by 61%. Zelle® Small Business continues to be one of the fastest growth areas for the Zelle Network®, with transactions increasing 180% year-over-year.

Today, consumers of nearly 8,000 financial institutions participate in the Zelle Network®, whether accessing Zelle® through their financial institution’s mobile banking app or enrolling their debit cards in the Zelle® mobile app.

"Every month, tens of millions of people use Zelle® in their financial institutions' mobile apps to send and receive money with friends, family, and businesses," said Al Ko, Chief Executive Officer at Early Warning. "By offering Zelle®, financial institutions are increasing customer engagement across all their digital banking services and remaining at the center of the modern banking experience. We continue to focus on increasing adoption among consumers and businesses alike, while also reinforcing how to use digital payments safely."

As More Money Moves, Investing in Consumer Education Becomes More Critical

Through its Pay It Safe initiatives, Zelle® partners with organizations to offer free financial education to consumers through modern banking courses and consumer protection resources. Through a strategic partnership with EVERFI—the leading social impact education technology company—Zelle® has reached more than 39,000 students in 47 states. Results show that high school students achieved a 39% average knowledge gain after taking the Zelle® Money Moves: Modern Banking & Identity Protection™ course. The Cybercrime Support Network recently announced a partnership with Zelle®, and this partnership will spread awareness and educate consumers and small businesses on avoiding financial fraud and scams.

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®, announced its Q2 2021 transaction results, which include signed FIs representing more than 500 million DDA accounts. In Q2 2021, the Zelle Network® processed $120 billion on 436 million transactions. Year-over-year sent payment values increased by 68%, while payment transactions increased by 58%.

Credit Unions and Community Banks Turn to Zelle®

FI participants with less than $10 billion in assets now account for 40% of the Zelle Network®. Syracuse Fire Department Employees Federal Credit Union joins the network as the 1,000th FI to go live with Zelle®. "By offering Zelle® in our app, we are giving our 6,000 members a convenient way to transact digitally," said Andrea Thune, CEO of Syracuse Fire Department Employees Federal Credit Union. "Our members are considered part of our family and rely on us for banking services that adapt to their lives. By joining the Zelle Network®, we now give them a service that allows them to transact with their friends and family no matter where they may bank."

“Zelle® plays the role of digital cash for tens of millions of people and businesses, giving them a fast, easy and safe way to send and receive money in an app they use and trust," said Al Ko, CEO of Early Warning. “First responders and their families are an important community, and it is an honor for Zelle® to now be a part of the financial services offered by Syracuse Fire Department Employees Federal Credit Union.”

Zelle® Small Business Transactions Grow 157% Year- Over -Year

With the challenges of the past 18 months, businesses of all sizes have leveraged Zelle® when checks and cash were no longer options. Zelle® Small Business continues to be a fast-growth area in the network, growing 157% year-over-year.

Consumers should only use Zelle® to send and receive money with friends, family, and people they know and trust.

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® 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.

In the first episode, which will debut on August 26th on OprahDaily.com, best friends Oprah Winfrey and Gayle King share their deep admiration for teachers, highlighting the accomplishments of four teachers that went above and beyond during the pandemic for their students.

• Kazumi Igus and Justin Cohen, Los Angeles, California: This married teaching duo at Westchester Enriched Sciences Magnets created a teacher and student joint Advisory Program. Teachers introduced passionate topics to their students to bring connection, care, and engagement during the pandemic.
• Meredith Lauricella, Melville, New York: A second-grade co-teacher at Half Hollow Hills Elementary School created the “Silver Lining” Project. Her students were encouraged to write what they were grateful for on an index card she pinned on a bulletin board. Her room was quickly filled with uplifting sentiments from students, parents, and other family members.
• Jensyn Oertel-Modero, Rahway, New Jersey: When the pandemic canceled their planned production, this theater teacher at Rahway High School creatively organized and produced a virtual radio drama and spring musical. Students recorded their scenes at home, doing hair, makeup, and costumes themselves.

In the second episode, launching September 13th, Oprah and Gayle honor three recently retired teachers and their career accomplishments.

To watch the episode and for more information on The OG Chronicles, visit https://www.oprahdaily.com/og-chronicles/.

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.

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

SCOTTSDALE, AZ – Early Warning Services, LLC, the network operator behind Zelle®, and Fiserv, Inc., a leading global provider of payments and financial services technology, in partnership with financial institutions, empower minority and underserved communities to access real-time payments through Zelle®. The two organizations are each offering a rebate to qualifying minority depository institutions (MDIs) that sign up to offer Zelle®. Banesco USA is the most recent MDI to join the Zelle Network®. Banesco USA provides banking services to diverse communities and is a leading community bank in technological innovation.

“MDIs play a crucial role for minority and underserved communities, including both consumers and small businesses,” said Lou Anne Alexander, Chief Product Officer at Early Warning. “By partnering with Fiserv, we make it even easier for these financial institutions to access the Zelle Network®, giving their customers additional tools to help meet their financial goals.”

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®.

“We’re focused on building long-lasting relationships with our customers, and that means continually evolving our offerings to meet their needs,” said Gustavo Rengifo, SVP Products and Digital Banking Officer at Banesco USA. “The addition of Zelle® expands our current money movement capabilities with a real-time digital payment option that offers the speed and ease of use people expect.”

“Fiserv chooses to stand for diversity and inclusion, and we are committed to help enable equitable access to financial services,” said Neil Wilcox, Head of Corporate Social Responsibility at Fiserv. “Real time payments, such as those made through Zelle®, empower people to better manage their financial lives, and MDIs play a key role in bringing these capabilities to the historically underserved communities who can benefit from them most.”

Consumers should only use Zelle® to send and receive money with friends, family and people they know and trust.

Now through June 30, 2022, eligible MDIs can sign and submit their participant agreement to receive special rebates.

About Banesco USA

Founded in 2006 and based in Coral Gables, Banesco USA is an independent Florida state-chartered bank (https://BanescoUSA.com/OFR-Cert-of-Good-Standing.pdf) with $2.06 billion in assets as of June 31, 2021. The bank has four branches in South Florida: Coral Gables, Hialeah, Aventura, and Brickell; and one in San Juan, Puerto Rico. Banesco USA. Visit www.BanescoUSA.com  for additional information.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500^® Index and the FORTUNE^® 500, and is among FORTUNE World’s Most Admired Companies^®. Visit fiserv.com and follow on social media for more information and the latest company news.

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®, 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. Year-over-year sent payment values increased by 51%, while payment transactions increased by 44%.

Zelle® Business Transactions Growing Use Case

Besides transacting with friends and family, consumers increasingly turn to Zelle® to send and receive payments with businesses. Zelle® Small Business continues to be a fast-growth area in the Zelle Network®, with more than $11 billion received by small businesses in Q3. In addition to receiving payments for services—such as property management, home, auto, personal care, and more—small businesses sent $17 billion using Zelle® to pay for key operational expenses such as payroll, bills, and rent.

Disbursements is an ongoing growth area as well, with more than 500 organizations, companies, and government entities turning to Zelle® in Q3 to distribute rebates, refunds, payroll, and other payouts to consumers. In Q3, more than half a billion dollars were sent via Disbursements with Zelle® with an average payment of $1,138 and a 28% year-over-year increase in payments sent.

Official Payment Partner of The Basketball Tournament (TBT), August 2021

"TBT has been disbursing our million-dollar payment to the winning team, players, and fans with Zelle® since 2019. It's a unique and exciting opportunity not seen anywhere else in sports, and the ease and quickness of Zelle® payments are one of the reasons players continue to flock to TBT every year," said Jon Mugar, Chief Executive Officer at TBT. "Our partnership has saved us a tremendous amount of time in writing and mailing out checks, and most importantly, the winners love having the $1 million grand prize sent to their bank accounts as soon as the championship game ends."

“Zelle® is best known today as a fast, safe, and easy way to send money between family and friends. We’re proud to have earned that reputation, but these results demonstrate that the value of our network extends far beyond P2P payments,” said Al Ko, Chief Executive Officer at Early Warning. “It’s particularly gratifying to see how Zelle® is enabling the success of American small businesses, not only by making it easy to get paid by their customers but also by removing obstacles involved in managing operational expenses. We remain committed to working with our financial institution partners to further improve payment experiences for businesses and consumers alike.”

Consumers should only use Zelle® to send and receive money with friends, family, and people they know and trust.

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.

MONETT, MO – 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). The companies are offering a rebate program through June 30, 2022 to MDIs nationwide, allowing them to seamlessly connect to Early Warning’s Zelle Network® using JHA PayCenter^TM, Jack Henry’s proprietary faster payments hub.

The FDIC defines MDIs as federally insured depository institutions for which 51% or more of the voting stock is owned by minority individuals; or a majority of the board of directors is minority and the community that the institution serves is predominantly minority. These institutions are encouraged to join 255 institutions currently contracted to leverage the Zelle Network® through Jack Henry to help consumers expedite payments. Currently available at over 1,000 financial institutions, Zelle® is a fast, safe and easy way for consumers to send and receive money quickly and easily with friends, families and others they trust who have a bank account in the U.S. Banks and credit unions offering Zelle® can reduce operating expenses by digitizing transactions, create more cross-selling and revenue opportunities, and attract and retain convenience-driven customers.

Lou Anne Alexander, chief product officer of Early Warning, said, “We are proud to partner with Jack Henry in offering minority-owned institutions access to faster payments. Through this partnership, we are making it easier for minority-owned banks and credit unions to provide their customers and members with modern tools to achieve financial goals and improve financial health. It’s another step towards a more inclusive and equitable payments landscape.”

Tede Forman, vice president of payment solutions at Jack Henry, added, “Minority-owned depository institutions are often focused on traditionally underserved or overlooked communities, those deserving and in need of faster access to their money. Working with Early Warning to help these communities gain access to faster payments can avert late fees and penalties, protect their credit, and provide the convenience that everyone deserves today. Faster payments can provide MDIs and the communities they serve with high-demand financial services that generate tangible, long-term benefits.”

Zelle Network® participants signed onto the network represent approximately 75% of the U.S. DDA market (585 million DDAs).

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.

About Jack Henry & Associates, Inc.

Jack Henry (NASDAQ: JKHY) is a leading SaaS provider primarily for the financial services industry. We are a S&P 500 company that serves approximately 8,500 clients nationwide through three divisions: Jack Henry Banking® provides innovative solutions to community and regional banks; Symitar® provides industry-leading solutions to credit unions of all sizes; and ProfitStars® offers highly specialized solutions to financial institutions of every asset size, as well as diverse corporate entities outside of the financial services industry. With a heritage that has been dedicated to openness, partnership, and user centricity for more than 40 years, we are well-positioned as a driving market force in cloud-based digital solutions and payment processing services. We empower our clients and consumers with the human-centered, tech-forward, and insights-driven solutions that will get them where they want to go. Are you future ready? Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are forward-looking information. Actual results may differ materially from those projected in any forward-looking information. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. Additional information on these and other factors, which could affect the Company’s financial results, are included in its Securities and Exchange Commission (SEC) filings on Form 10-K, and potential investors should review these statements. Finally, there may be other factors not mentioned above or included in the Company’s SEC filings that may cause actual results to differ materially from any forward-looking information.

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