News Topic: Early Warning

Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely. ... Read full article

Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage. ... Read full article

Albert Ko, who had been the chief transformation officer of Intuit, says he will work to improve Zelle's interface to make it more appealing to consumers. ... Read full article

The bank-led P2P network Zelle saw its strongest quarterly growth during the fourth quarter of 2018, as payment volume rose nearly 60 percent to $119 billion for the year. But a significant amount of this volume comes from just one bank. ... Read full article

For bankers and network providers, it’s a given that moving to a real-time payment system like Zelle will lead to an increase in fraud attempts. Here's a look at the ways they're fighting back. ... Read full article

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members. ... Read full article

"It was a difficult decision, but we’re at a good spot to do this,” Finch, 55, said in an interview. ... Read full article

The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app. ... Read full article

Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network. ... Read full article

Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers. ... Read full article

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to ... Read full article

The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network's evolution by targeting business payments market. ... Read full article

Many of Zelle's member banks chose to migrate clearXchange users to the relaunched service. It's a potential convenience, but if executed without end user awareness or consent it can irritate consumers. ... Read full article