Will Zelle Eliminate the Wrinkles and Challenge Venmo?

24. October 2017.

“A year after its unveiling at Money20/20, Zelle returns to the “Ball” with significant momentum behind its banking industry-led, real-time mobile payments network. Zelleenables money to move from one bank account to another typically within minutes, using only an e-mail address or a mobile phone number. In Q3 2017 (July – Sept.) Zelle payments surged, with an average of 65,000 consumers enrolling daily, resulting in the network processing more than 60-million real-time person-to-person (P2P) payments, valued at $17.5 billion.

This success comes as the number of financial institutions in the Zelle Network grows to more than 50, including new participants, America First Credit Union,Bank of Central Florida, Bank of York, City National Bank, Collins State Bank, First National Bank of Central Texas, Guadalupe National Bank, Huntington Bank, Provident Bank, Quontic Bank™, Regions Bank, Renasant Bank, Seacoast National Bank, Surrey Bank & Trust, and United Bank. Already 13 financial institutions are currently live with Zelle, with more launching weekly.”

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