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Zelle NetworkSM Banks Process 170 Million P2P Payments, Totaling $55 Billion in 2016
Consumer preference for bank-delivered, faster payments experiences drives network growth.
Early Warning Announces Zelle Network
Transforming payments with an easy, fast and secure way to move money.
- Day 1: over 76 million mobile banking users will be able to send and receive payments.
- Network growing rapidly with 19 financial institutions joining at launch.
- Anyone in the U.S. with a valid checking or savings account can access the network through their bank or credit union.
Zelle® Money Movement Momentum Continues
Zelle Network® processes 100MM transactions in the first half of 2017, and new Zelle app extends network reach and enhances mobile banking experiences.
- 100 Million Transactions in 6-months: More than 50,000 consumers are enrolling daily, contributing to more than100-million real-time person-to-person (P2P) payments, totaling $33.6 Billion, in the first half of 2017.
- 50% average increase in P2P Enrollments: Zelle Network enrollments soar, with financial institutions achieving up to a 300% increase in enrollments since June 2017.
- Zelle App Enhances Mobile Banking Experiences: Network expands by offering free Zelle App in App Store and Google Play; allows almost anyone with a Visa or Mastercard debit card issued in conjunction with a U.S. bank account to transact in real-time with participating Zelle Network banks and credit unions.