Momentum

Parent company of Zelle outlines plans to bring simplicity and security consumers enjoy in their banking app to cross-border payments.

With over 125 average payments per second per day, Zelle captures the pulse of how Americans are navigating today’s economy.

Inside the Zelle ‘Trust Signal’ tech stack stopping fraud and scam losses for Americans. Currently, reported fraud and scams now at only 0.02% of total transactions.

Early Warning Services, LLC., a trusted national leader in the payments industry, submitted a comment letter today responding to the U.S. Department of the Treasury’s Request for Information regarding the transition to electronic payments for all federal disbursements and receipts.

Quarter-over-Quarter Zelle Network® continues with double-digit increases in transaction volume and value as more financial institutions join the network.

Expands Access to Another 7.5+ Million Accounts In 38 States.

New data demonstrates how small business use of Zelle is growing, helping small businesses across the country do more, faster.

Consumers and small businesses sent money 1.7 billion times, a 27% increase from the first half of 2023.

Unrivaled growth in 2024 underscores the network’s position as a trusted, vital, and valued financial tool for 151 million enrolled user accounts.

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.

Consumer preference for bank-delivered, faster payments experiences drives network growth.

PaymentsSource has chosen Early Warning's Lou Anne Alexander as one of the 2017 Most Influential Women in Payments!

Bank joins Zelle^SM Network to help consumers make safe, fast and simple payments.

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.

More than 60-million transactions processed, valued at $17.5B in Q3 2017; Zelle Network® Expands Access to P2P Service.

Processors, technology integrators, and mobile security leaders accelerate the delivery of easy, fast, and safe payments.

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.”

Check out this Zelle® 2017 Recap infographic.

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.  

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.

• $119 Billion in payments and 433 million transactions processed in 2018.
• $35 Billion in payments and 135 million transactions processed in Q4 2018.
• Strategic core processor partnerships led to more than a hundred Community Banks and Credit Unions joining the Zelle Network® in the year’s final quarter.

• Year-over-Year transaction values increased 54%; Year-over-Year transaction volume increased by 72%.
• Core processor partners sign 139 regional banks and credit unions onto the Zelle Network® in Q1 2019.
• New Marketing Campaign Illustrates how Zelle makes “Everyday Better” for All Generations.

Year-over-Year transaction values increased by 56%; Year-over-Year transaction volume increased by 71%.

Year-over-year payment values increased by 58%; Year-over-year transaction volume increased by 73%.

• $56 billion in payments processed on 230 million transactions during Q4 2019; growth of 14% and 17%, quarter-over-quarter, respectively.
• $187 billion in payments processed on 743 million transactions in 2019; growth of 57% and 72% year-over-year, respectively.
• Consumers Prefer Money Instead of Physical Gifts Bringing 2019 to a Successful Year End Close¹.

Physical distancing requirements continue to drive strong adoption of Zelle, with enrollment growing 17% over the prior year.
 

• $133 Billion sent on 519 million transactions in the first six months of 2020.
• Consumers use Zelle to share costs for utilities, pay rent, give gifts, send charitable donations, and money to friends and family in need as well as receive disbursements.
• Seven financial institutions, reaching approximately a third of the small businesses in the U.S., now enable their small business customers to accept payments with Zelle.

• Third Quarter Growth: $84 billion in payments processed on 323 million transactions during Q3 2020; growth of 18% and 17%, quarter-over-quarter, respectively.
• Small Business: $4.5 billion in payments were sent to U.S. small businesses in Q3, an increase of more than 30% from the prior quarter.

• Year-over-year growth: Sent payment values increased by 62%, while transaction volumes increased by 58%.
• Achieving ubiquity with banks and credit unions: Nearly 500 new financial institutions of all sizes joined the Zelle Network® in 2020.
• Zelle for small businesses: New use case launches with 11 financial institutions, which reach 40% of U.S. small businesses¹.

• 392 million payments worth $106 billion sent over the Zelle Network®.
• Zelle® Small Business achieves 180% year-over-year growth.
• Investing in Consumer Education continues to be a priority as digital banking adoption grows.

• Nearly 1700 financial institutions (FIs) signed on to the Zelle Network®, representing 74% (577 million) of all U.S. DDA accounts.
• Credit unions and banks under $10 billion in assets are driving growth, representing 40% of FIs in the Zelle Network®.
• Small businesses and consumers sent 436 million payments worth $120 billion with Zelle® in Q2 2021.

• Disbursements and Small Business Represent Growing Use Cases as Consumer Demand for Zelle® Expands Beyond Peer-to-Peer (P2P) Payments.
• Small Businesses Receive Over $11 billion and Send $17 billion with Zelle®.
• Disbursements with Zelle® increases 28% Year-over-Year with Half a Billion Dollars Sent in Q3.

• Year-over-year Growth: Sent payment values increased by 59%, while transaction volumes increased by 49%.
• Business Payments Emerge as Key Use Case: Companies adopt Zelle^® in 2021 for various use cases; 162% year-over-year increase in payments received by small businesses.
• Market Leader: Total payments value double those of closest P2P competitor, according to Aite-Novarica Group.

Network owner of Zelle® and 30-year-old fintech continues legacy in Greater Phoenix.

• Five in Five: Five billion+ transactions and nearly $1.5 trillion have moved across the network since 2017.
• Safe Payments: More than 99.9% of payments are sent without any report of fraud or scams.
• Widespread Adoption by U.S. Financial Institutions: Nearly 1700 banks and credit unions, including minority deposit institutions (MDIs), now offer Zelle® in their apps.
• More than P2P: Disbursements increased 87% quarter-over-quarter; while growth in Zelle® for Small Business resulted in nearly eight million employees, contractors, and customers receiving payments from small businesses.

Early Warning Services, LLC, the network operator of Zelle®, announced today more than 1,800 financial institutions (FIs) are part of the Zelle Network®.
 

• Network Growth: More than 1,800 financial institutions live today – 97% of FIs that joined the Zelle Network® in the last year have under $10 billion in assets.
• Transactions Climb: Consumers and businesses sent 2.3 billion payments with a total value of $629 billion through the Zelle Network® in 2022.
• Safe Payments: More than 99.9% of payments on the network were sent without any report of fraud or scams, and the percentage continues to improve.

More than 80% of U.S. DDA accounts now include Zelle®; Growth in Minority Depository Institutions (MDIs) offering Zelle® in underserved communities.

Zelle® soars with $806 billion transaction volume, up 28% from prior year; 120 million consumer and small business accounts used Zelle® in 2023.