Early Warning Services, an industry-leader in real-time payment, authentication, and risk mitigation, has announced that financial institutions in the Zelle Network processed more than 170 million person-to-person (P2P) payments in 2016, totaling USD 55bn in aggregate transaction value, the...
Zelle Network, a payment network that enables email and phone payments, processed 20 person-to-person payments in over 170 million16, according to real-time payment service provider Early Warning Services. The transactions add up to $55bn in total value. The Zelle Network includes over 170 million banks and credit unions and could reach about 85 million consumers in the US through its partners’ banking apps.