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May 3, 2022
On the wires
Early Warning Launches Verify Identity
prnewswire
“Early Warning Services, LLC, announces Verify Identity, a synthetic identity fraud detection solution for qualifying financial services organizations (FSOs), mobile network providers, corporations and government entities. This new technology service combines predictive scoring with rules-based solutions to determine the likelihood that a prospective customer is legitimate while complying with industry regulations. “Early Warning is fighting back against synthetic identity fraud with the introduction of Verify Identity,” said Robin Love, vice president of product management at Early Warning. “Verify Identity includes our predictive ID Confidence Score with an additional synthetic indicator, making this solution uniquely different from others in the marketplace. Verify Identity will challenge the growing issue of data breaches and identity fraud by introducing this unparalleled synthetic identity detection feature.”
November 3, 2021
On the wires
Consumers and Businesses Trust Zelle® to Send and Receive High Dollar Transactions in Q3 2021
“Early Warning Services, LLC, the network operator behind Zelle®, announced its Q3 2021 transaction results highlighted by year-over-year increases across Zelle® Small Business and Disbursements with Zelle®. Overall, the network processed $127 billion on 466 million transactions in Q3 2021. Year-over-year sent payment values increased by 51%, while payment transactions increased by 44%.”
May 5, 2021
On the wires
Zelle® Springs Into 2021 With More Than $100 Billion Sent in the First Quarter
“Early Warning Services, LLC, the network operator behind Zelle®, today announced $106 billion was sent through the Zelle Network® on 392 million transactions during Q1 2021. Year-over-year sent payment values increased by 74%, while payment transactions increased by 61%. Zelle® Small Business continues to be one of the fastest growth areas for the Zelle Network®, with transactions increasing 180% year-over-year. Today, consumers of nearly 8,000 financial institutions participate in the Zelle Network®, whether accessing Zelle® through their financial institution’s mobile banking app or enrolling their debit cards in the Zelle® mobile app.”
March 2, 2021
On the wires
Nacha Announces Early Warning Services As a Preferred Partner for Account Validation | Nacha
“Early Warning Services, LLC has returned as a Nacha Preferred Partner for Account Validation. Early Warning values that as a Preferred Partner, they are part of a select group of innovators that Nacha recognizes for offering products and services that align with Nacha’s core strategies to advance the ACH Network… More than 2,500 companies rely on Early Warning’s intelligence to get in front of fraud. In its role as Trusted Custodian® of bank-contributed data, Early Warning offers a full suite of solutions that enable financial institutions to fight fraud, mitigate risk and better service their customers for account opening, funding, and payment experiences.”
July 29, 2020
On the wires
Consumers and Small Businesses Significantly Increase Use of Zelle® In 1st Half Of 2020
“Early Warning Services, LLC, the network operator behind Zelle®, today announced $133 billion was sent through the Zelle Network® on 519 million transactions during the first six months of 2020. Physical distancing requirements continue to drive strong adoption of Zelle, with enrollment growing 17% over the prior year. Active sender usage – those who have sent a payment in the past 90 days – increased by 43% year-over-year. Average transactions sent per user increased 10% year-over-year, with many consumers using Zelle to pay back neighbors for groceries or to send money to friends and family. Network-wide payment transaction values increased by 60% year-over-year, while payment transaction volume increased by 63%.”
July 2, 2020
On the wires
BNY Mellon to Deliver Real-Time Account Validation Services to Corporate and Bank Clients in the U.S.
“BNY Mellon today announced a collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this agreement, BNY Mellon will deliver real-time account validation services to clients, and offer the flexibility to tailor a solution to meet clients’ individual needs— whether through BNY Mellon directly, or through one of its Private Label Bank relationships. This collaboration marks another step in BNY Mellon’s strategy to provide digital payment services that support clients with all of their payment needs, both now and in the future.”
April 27, 2020
On the wires
Consumers Leverage Zelle® to Send and Receive Money in Times of Need
“Due to recent economic and societal changes, there has been an increase in consumers leveraging Zelle for everyday essentials such as paying back neighbors for groceries, reimbursing friends and family for canceled events, and sending money to loved ones in need. Since the beginning of March 2020, enrollments increased, running more than double-digit rates above average. More than half of consumers sending money with Zelle are ages 25-54, part of both the Millennial and Generation X demographics, while boomers, ages 55- 72, have recently increased their overall use of Zelle. These generations across the U.S. are enjoying the convenience of Zelle within their banking app, with funds typically available within minutes when both parties are already enrolled.”
January 28, 2020
On the wires
Gift Giving Helps Zelle® Wrap Up 2019 With Double Digit Growth
“Early Warning Services, LLC, the network operator behind Zelle®, today announced its Q4 2019 and 2019 full year results. In Q4 2019, the Zelle Network® processed 230 million transactions, totaling $56 billion in money sent — an increase of 14% and 17% quarter-over-quarter, respectively. For the 2019 calendar year, the Zelle Network processed $187 billion in payments on 743 million transactions. Year-over-year payment values increased by 57%, while transaction volume increased by 72%.”
November 19, 2019
On the wires
Zelle® and EVERFI Partner on Digital Financial Literacy Programs for High School Students Nationwide
“The partnership will provide more than 1,000 high schools and 50,000 students with free financial education courses on how to bank responsibly in the ever-changing digital era. With only 30% of college students reporting having taken a high school financial literacy course1 , Zelle and EVERFI address an acute need for more financial education, especially given the rate of change brought on by ever-evolving technologies.”
January 24, 2019
On the wires
Zelle® Ends 2018 with its Strongest Quarter on Record
“Zelle closed the year with its strongest quarter on record with $35-billion in payments on 135-million in transactions processed – an increase of 12% and 19% quarter-over-quarter, respectively. Year-over-year payment value (4Q 2017 to 4Q 2018) increased by 61%, while transaction volume increased by 81%. The results cap a successful 2018, with the number of participants in the Zelle Network reaching 229 financial institutions – 60 of which are live and processing transactions.”
November 26, 2018
On the web
How Zelle plans to recapture the smaller banks, credit unions it left behind
American Banker (paywall)
“A year after its launch, Zelle’s P2P payment volume has rapidly expanded through usage at the nation’s largest banks. But enabling smaller institutions to offer it to their customers is proving to be more challenging. Early Warning, the bank-led company that operates Zelle, said 51 banks are live on its network, with more than 200 under contract for integration in the coming months. “We’re accelerating the rollout through resellers, but it’s a process that will take some time,” said Lou Anne Alexander, group president of payment solutions at Early Warning, said in an interview.”
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