Latest News
Zelle® Announces $44 Billion Sent on 171 Million Transactions in Q2 2019
Early Warning Services, LLC, the network operator behind Zelle®, today announced $44 billion was sent through the Zelle Network® on 171 million transactions during Q2 2019. Year-over-year payment values increased by 56%, while transaction volume increased by 71%. Nearly 500 financial institutions are contracted to participate on the Zelle Network, including 179 that are online today and processing transactions.
“More than 64% of U.S. demand deposit accounts will have access to Zelle through the 480 financial institutions contracted to join the Zelle Network,” said Al Ko, Chief Executive Officer at Early Warning. “We continue to see double-digit increases in new customer wins each month, demonstrating continued demand for Zelle from national and regional banks and credit unions.”
Consumers continue to adopt Zelle for everyday person-to-person payments, from paying their personal trainer, paying back a friend for last night’s dinner, splitting costs while traveling, and gifting or sending and receiving funds for emergencies.
“In addition to increased financial institution participation, it’s the adoption of P2P across generations, trust in using a service included in mobile banking apps and the utility of P2P in everyday life, that we can attribute to the popularity and success of Zelle,” said Lou Anne Alexander, Group President, Payments Solutions at Early Warning.
SOURCE Early Warning Services, LLC
Blockchain
Online Banking Market to Grow at CAGR of 14.20% through 2033, Key Takeaways of Digital Banking, Banking Ecosystem, Financial Giants & Disruptive Startups
Blockchain
Linklogis Starts First Quarter with Strong Performance, with the Transaction Volume Reaching RMB96.2 Billion
Blockchain
Cross Border Payments Market to Reach $345.42 Billion by 2033; Rising Volume of International Trade & Services to Propel Growth
-
Blockchain6 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain Press Releases6 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain5 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain Press Releases6 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI
-
Blockchain6 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases7 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection
-
Blockchain5 days ago
Crypto fans count down to bitcoin’s ‘halving’
-
Blockchain5 days ago
Tether USDT stablecoin goes live on TON blockchain