Early Warning Announces ZelleSM Network

Transforming Payments with an Easy, Fast and Secure Way to Move Money


  • Day 1 over 76 million mobile banking users will be able to send and receive payments
  • Network growing rapidly with 19 financial institutions joining at launch
  • Anyone in the U.S. with a valid checking or savings account can access the network through their bank or credit union

LAS VEGAS, Nev., OCT. 24th, 2016 – Early Warning today announced Zelle, a new, faster payments network that will revolutionize how U.S. consumers and businesses send and receive money. Zelle will launch in early 2017 and will be directly embedded within mobile banking channels of its network banks. A consumer-facing app for person-to-person (P2P) payments will be released in 2017.

Zelle will change how money moves, empowering millions of consumers with a faster, safer way to send and receive payments within the security of their financial institution. Zelle will provide an intuitive and user-friendly experience for network bank customers who want to send, request, and split payments with their friends and family. Payments can be sent using just an email address or mobile phone number from within the mobile banking experience of network banks or using the Zelle app. Anyone with a valid checking or savings account can receive payments by quickly registering at ZellePay.com, or by using the Zelle app with a valid debit card account.

“Security concerns, interoperability problems, and delays in funds availability have been persistent challenges to awareness, adoption, and usage for non-FI P2P services,” said Talie Baker, an analyst with Aite Group’s Retail Banking & Payments practice who specializes in person-to-person payments. “Zelle provides security, removes friction, and achieves ubiquity by being available and usable for consumers no matter where they bank. The launch of Zelle gives banks a chance to establish a foothold as the provider of choice for person-to-person payments and even take back their share of the market from non-FI providers.”

Zelle is an inclusive network that is open to all banks and credit unions in the U.S. At launch, Zelle will be one of the largest faster payments networks in the U.S., accessible to over 76 million mobile banking users nationwide. Nineteen financial institutions have joined the Zelle Network, including eight of the largest retail banks in the U.S. “Zelle will transform how people manage their financial lives, providing them faster, safer, and more convenient payment options with their friends and family,” said Paul Finch, chief executive officer, Early Warning. “We are pleased to partner with the leading financial institutions and financial service organizations in the country to make our vision for faster payments a reality for millions of consumers nationwide.”

"Zelle is an always-on, easy to use mobile payment capability that gives our customers one more secure, convenient way to stay connected and live their financial lives,” said Brian Moynihan, chief executive officer of Bank of America.

“The Zelle Network is an innovative, faster, and more secure way for PNC customers to send person-to-person payments,” said William S. Demchak, chairman, president and chief executive officer of The PNC Financial Services Group, Inc. “I believe our customers will appreciate the convenience and security of Zelle when the network goes live early next year.”

“Paying a friend with Zelle on a mobile device is the way of the future,” said Richard Davis, chairman and chief executive officer of U.S. Bancorp. “Zelle is better for both the sender and recipient. There’s no waiting for a check to arrive, or stopping for cash on your way home to pay the babysitter. We’re delighted to be a part of the Zelle Network as one of the first banks to offer Zelle to our U.S. Bank customers.”

The following financial institutions will join the Zelle Network: Ally Bank, Bank of America, Bank of the West, BB&T, BECU, Capital One, Citi, Fifth Third Bank, FirstBank, First Tech Federal Credit Union, Frost Bank, JP Morgan Chase, Morgan Stanley, PNC, USAA, U.S. Bank and Wells Fargo. Early Warning has partnered with payment processors CO-OP Financial Services, FIS, Fiserv, and Jack Henry, as well as global card networks Mastercard and Visa to offer banks and credit unions multiple integration pathways onto the network as well as to increase the speed-to-market for new network members.

About Early Warning
Early Warning is creating the future of payments by delivering innovative payment and risk solutions to financial institutions nationwide. For over 25 years, Early Warning has been a leader in financial technology that protects and advances the financial system. Learn more at earlywarning.com.