EXCLUSIVE- SunTrust Banks Inc has joined the network of institutions using the Zelle realtime payments network. The service is now accessible via SunTrust’s suite of mobile apps.
The Zelle network is owned by Early Warning, a provider of payments and security solutions. In October 2017, EW announced Q3 payments of $17.5 billion, involving more than 60 million realtime transactions.
Early Warning is owned by Bank of America, BB&T, Capital One, JPMorgan Chase, PNC, U.S. Bank, and Wells Fargo. The company purchased clearXchange in Jan. 2016. Zelle’s network now includes dozens of banks, as well as major service providers such as Fiserv, FIS, and Jack Henry, and the networks Mastercard and Visa (themselves formerly bank-owned.) Check out the list of banks that are using Zelle here.
To learn more about mobile payments, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.1 - Reader Likes This Post