Fiserv and Early Warning P2P Payments Alliance Gets Quick Start

Fiserv, 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 Zelle^SM 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 institution.

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 institutions.

“We are always looking for opportunities to make it easier for our customers to bank with us,” commented 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 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.

“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.”