The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services, which owns and operates the network, said in a Thursday (Feb. 16) press release that the number of financial institutions...
As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Early Warning, of course, is owned by seven of the largest banks...
February 01, 2022
As we all move online, especially to bank, Mary-Helen McElfresh, vice president, fraud risk management at Early Warning Services, LLC, told PYMNTS that a consortium approach could cut fraud rates and false positives. Early Warning, of course, is owned by seven of the largest banks in the U.S. and uses intelligence gleaned from participating financial […]
December 20, 2024
The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network. The agency’s complaint alleged that the defendants violated consumer financial protection laws […]
February 16, 2023
The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services, which owns and operates the...
