Ally Bank, Bank of the West and BECU are among banks and credit
unions that will access the newly launched service via Fiserv
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced today that multiple financial
institutions, including Ally Bank, Bank of the West and BECU, have
committed to join Early Warning's ZelleSM Network via an
alliance between Fiserv and Early Warning.
Early Warning launched Zelle at the Money20/20 conference in Las Vegas
this week. The network will be offered by many of the country's leading
financial institutions, and will provide consumers with a faster way to
send and receive payments within the security of their financial
Fiserv will offer the first turnkey version of Zelle to simplify
integration for financial institutions of all sizes. The Fiserv turnkey
solution will offer all the elements of the Zelle solution in a single
platform to reduce costs and speed time to market for financial
"We are always looking for opportunities to make it easier for our
customers to bank with us," said Diane Morais, CEO and president, Ally
Bank. "Transferring money via payment services is among the digital
banking activities growing in popularity with consumers, and we're
excited to be working with Fiserv and Zelle to offer faster P2P services
for our Ally Bank customers."
The person-to-person (P2P) payments landscape is competitive and highly
fragmented. People want to be confident that when they send money it
will get to the intended recipient, and get there quickly. This requires
reach and connectivity across all consumers, regardless of where they
"At Bank of the West we are committed to providing our customers with
great banking experiences through innovative, digital solutions that
help simplify their busy lives," said Andy Harmening, vice chairman,
Consumer Banking, Bank of the West. "We are proud to be working with
Fiserv and Zelle owner Early Warning to offer faster person-to-person
payments to our customers - helping ensure that they will be able to
seamlessly pay other people in real-time. This is a true step forward in
the realm of digital payment capabilities."
Fiserv and Early Warning announced their alliance, designed to extend
the availability of real-time person-to-person payments to thousands of
financial institutions and millions of people, in August 2016. Together,
Fiserv and Early Warning reach more than 6,000 banks and credit unions,
including the 40 largest financial institutions in the U.S. and
thousands of mid-size and community financial institutions. This reach
helps ensure consumers have access to faster, secure P2P payment
"Our members turn to us for simple and relevant payment options," said
Doug Marshall, SVP of Retail at BECU, one of the nation's largest credit
unions. "Almost a decade ago, BECU was one of the first financial
institutions to provide person-to-person payments with Fiserv. We're
looking forward to expanding on that relationship and providing a
real-time payment solution through Zelle in the near future."
"The strong initial interest in working with Fiserv to access the Zelle
network underscores the commitment financial institutions have to
delivering a consistent, convenient person-to-person payments
experience," said Kevin Schultz, president, Digital Banking, Fiserv. "A
ubiquitous payments service supported by a strong brand and a compelling
user experience provides financial institutions with a significant
opportunity to grow the visibility and use of person-to-person payments."
Zelle is accessed directly from within a financial institution's mobile
banking service and enables people to send money using only a
recipient's email address or cell phone number.
In a world that is moving faster than ever before, Fiserv helps clients
deliver solutions that are in step with the way people live and work
today - financial services at the speed of life. Learn more at TheSpeedofLife.com.
Fiserv, Inc. (NASDAQ:FISV) enables clients to achieve best-in-class
results by driving quality and innovation in payments, processing
services, risk and compliance, customer and channel management, and
business insights and optimization. For more than 30 years, Fiserv has
been a global leader in financial services technology. Fiserv is a
FORTUNE 500 company and this year was honored to be named a FORTUNE
magazine's World'sMost Admired Company for the third consecutive year.
In 2015 the company was recognized among Forbes magazine's America's
Best Employers. For more information, visit Fiserv.com.
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 www.earlywarning.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161024005724/en/
Director, Public Relations
Director, Corporate Communications
Source: Fiserv, Inc.
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