Zelle: Reaches Five-Year Milestone with More than Five Billion Safe

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Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Zelle: Reaches Five-Year Milestone with More than Five Billion Safe

  • Zelle connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments
  • Early Warning Services, LLC is a fintech company owned by seven of the country’s largest banks
  • In the past five years, consumers and businesses, small and large, have sent more than five billion payments
  • Users have leveraged the convenience and security of to gift money, pay rent, reimburse friends
  • Transformed the way more than a hundred million people move money and conduct digital transactions
  • The network has achieved more than 99.9% of payments sent without any report of fraud or scams
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