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Consumer preference for bank-delivered, faster payments experiences drives network growth
Early Warning Services, an industry leader in real-time payment, authentication, and risk mitigation, today announced that financial institutions in the Zelle NetworkSM processed more than 170-million person-to-person (P2P) payments in 2016, totaling $55 billion in aggregate transaction value.
Transforming payments with an easy, fast and secure way to move money
Early Warning Services, LLC, the network operator behind Zelle, today released the results of its Holiday Survey. Scrooges and humbugs beware: the national survey found that nearly 50% of those surveyed plan to give money this holiday season, while the majority (58%) prefer to receive money as a gift.
Scottsdale, AZ., July 26, 2018 – In the second quarter of 2018 (April 1 – June 30), 100 million transactions took place on the Zelle Network® for a total of $28 billion in payments. Transaction volume was up 17% quarter-over-quarter (QoQ), and total money moved was up 11%. Across the entire Zelle Network, more than 67 million tokens have been enrolled.
[Infographic] Digital Payments Adoption Study
Zelle® Study Finds Growing Use of Digital Payments Across Generations
Top Use Cases for Millennials, Generation X, and Boomers Driving Adoption Include Rent, Meals & Shared Utility Bills
Scottsdale, AZ., July 11, 2018 – Early Warning Services, LLC, the network operator behind Zelle, today released the results of its first Digital Payments Adoption Study (“study”). To track consumer adoption, use, and attitudes toward digital payments, the study surveyed more than 9,000 U.S. consumers who are aware of P2P, own smartphones and have accessed online or mobile banking.
Scottsdale, AZ., April 26, 2018 – In the first quarter of 2018, more than $25 billion moved through the Zelle Network, up 15 percent quarter-over-quarter (QoQ), on 85 million transactions, up 14 percent QoQ.
Scottsdale, AZ., Jan. 29, 2018 – Zelle today announced record money movement 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.
Processors, technology integrators, and mobile security leaders accelerate the delivery of easy, fast, and safe payments
LAS VEGAS, Nev., Oct. 24, 2017 – 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.