The bank-owned person-to-person payment network Zelle is still new, but it’s growing quickly. In the third quarter, 116 million transactions took place on the Zelle Network, a total of $32 billion. Transaction volume was up 16% quarter-over-quarter.
Yet some banks are still watching and waiting, with questions about how Zelle would work with their existing core system, what implementation is like and how fraud is addressed on the network.
In this second webcast in our Faster Payments series, executives from banks that offer Zelle and from Early Warning, the company that runs the network, will drill down into these and other specifics, share their experiences, and take questions from the audience anonymously.