Tagged: zelle

April 14, 2022 @ 12:03 pm By JD Alois  |  

It was reported recently that Zelle, a payments platform put together by really big banks, was mulling over whether or not to incorporate payments services at the point of sale. If you are into Fintech, or just a normal consumer, it is a no-brainer. But… Read More

March 8, 2022 @ 3:13 pm By Omar Faridi  |  

Banking institutions appear to be ignoring the problem of fraudulent activities allegedly being carried out via Zelle, a new report reveals, with large financial service providers that founded the service not really caring or concerned about issues with the digital payments platform. Zelle has quickly… Read More

February 3, 2022 @ 4:12 pm By Omar Faridi  |  

Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

January 7, 2022 @ 2:27 am By Omar Faridi  |  

If you’ve sent or received a payment from a friend or family member, you might have used either Zelle or Venmo to complete the transaction. These Fintech payment services enable consumers to send and receive local personal payments easily, with simply an email address or… Read More

January 2, 2022 @ 3:38 pm By JD Alois  |  

Zelle is a peer-to-peer payments service that is now utilized by over 1000 banking apps across the US. As services like Venmo gained in popularity, traditional banks were compelled to compete and Zelle has emerged as a viable alternative for real-time transfers. Originally founded by… Read More

November 3, 2021 @ 4:10 pm By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY), a provider of tech solutions and payment processing services mainly for the financial services sector, announced that it is teaming up with Early Warning Services, LLC, the network operator behind Zelle, in order to make faster payments “more… Read More

October 26, 2021 @ 11:41 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator behind Zelle, and Fiserv, Inc. (NASDAQ: FISV), an international provider of payments and financial services tech, in partnership with financial institutions, “empower minority and underserved communities to access real-time payments through Zelle.” The two organizations are each providing… Read More

July 30, 2021 @ 7:45 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator behind Zelle, has shared its Q2 2021 transaction results, which include signed financial institutions representing over 500 million DDA accounts. During Q2 2021, the Zelle Network handled $120 billion on 436 million transactions. YoY sent payment values “increased… Read More

June 23, 2021 @ 3:50 pm By Tony Zerucha  |  

Details of an analysis revealed this week by the United States Public Interest Research Group USPIRG) show complaints about peer-to-peer payment apps have grown during the COVID-19 pandemic. Virtual Wallets, Real Complaints analyzed data from the Consumer Financial Protection Bureau’s (CFPB’s) Consumer Complaint Database. In… Read More

May 9, 2021 @ 7:27 pm By Omar Faridi  |  

Zelle “springs” into 2021 with over $100 billion sent during the first quarter of this year, according to a release. Early Warning Services, LLC, the network operator behind Zelle, revealed on May 5, 2021 that $106 billion was sent via the Zelle Network on 392… Read More

March 10, 2021 @ 7:19 am By Omar Faridi  |  

JPMorgan (NYSE:JPM) will reportedly be closing down its Chase Pay method of making payments for apps and websites effective March 31, 2021. Chase bank’s full list of retailers accepting the payment method, which includes Shell, Starbucks, and Walmart customers will be affected by the suspension… Read More

April 9, 2020 @ 4:00 pm By JD Alois  |  

Yesterday (April 8, 2020), the US Department of Homeland Security issued an alert – warning consumers about COVID-19 related scams. The joint statement actually included the Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) due to the depth of the… Read More

January 29, 2020 @ 2:36 am By Omar Faridi  |  

Zelle, a peer-to-peer (P2P) payment platform, reportedly handled $187 billion worth of payments via 743 million transactions last year. This, according to the latest figures published by network operator Early Warning Services. Zelle’s year-over-year payment values have increased by approximately 57%, meanwhile, transaction volume surged… Read More

August 21, 2019 @ 5:59 pm By JD Alois  |  

Faster payments and electronic transfers is a hot sector of Fintech. For quite some time, traditional banks sat on the sidelines watching Fintechs push into their business. Today, they are stepping things up but questions remain as to whether or not old finance has the… Read More

April 27, 2018 @ 9:43 pm By Samantha Hurst  |  

On Thursday, Zelle announced more than $25 billion was moved through the Zelle Network during the first quarter of 2018. The person-to-person service revealed this is a 15% increase from the previous quarter and had 85 million transactions, which was up 14% from the previous quarter… Read More

June 17, 2017 @ 1:45 pm By JD Alois  |  

Zelle, the erstwhile Venmo killer, is the creation of a cabal of traditional banks. As of this month, 86 million mobile banking customers will be able to utilize the peer to peer payments platform to send money via mobil banking apps. The list of the… Read More

March 2, 2017 @ 10:07 pm By Jessica Pham  |  

Does “Can you Zelle me the payment?” have the same ring to “You can just Venmo me?” A company knows that it has made it when people turn its name into a verb, as Venmo and Uber (despite its bad press these past few weeks)… Read More