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Zelle® Springs Into 2021 with More than $100 Billion Sent in the First QuarterSCOTTSDALE, Ariz., May 5, 2021 /PRNewswire/ -- Early Warning Services, LLC, the network operator behind Zelle®, today announced $106 billion was sent through the Zelle Network® on 392 million transactions during Q1 2021. Year-over-year sent payment values increased by 74%, while payment transactions increased by 61%. Zelle® Small Business continues to be one of the fastest growth areas for the Zelle Network®, with transactions increasing 180% year-over-year. Today, consumers of nearly 8,000 financial institutions participate in the Zelle Network®, whether accessing Zelle® through their financial institution's mobile banking app or enrolling their debit cards in the Zelle® mobile app. "Every month, tens of millions of people use Zelle® in their financial institutions' mobile apps to send and receive money with friends, family, and businesses," said Al Ko, Chief Executive Officer at Early Warning. "By offering Zelle®, financial institutions are increasing customer engagement across all their digital banking services and remaining at the center of the modern banking experience. We continue to focus on increasing adoption among consumers and businesses alike, while also reinforcing how to use digital payments safely." As More Money Moves, Investing in Consumer Education Becomes More Critical. Through its Pay It Safe initiatives, Zlle® partners with organizations to offer free financial education to consumers through modern banking courses and consumer protection resources. Through a strategic partnership with EVERFI—the leading social impact education technology company—Zelle® has reached more than 39,000 students in 47 states. Results show that high school students achieved a 39% average knowledge gain after taking the Zelle® Money Moves: Modern Banking & Identity Protection™ course. The Cybercrime Support Network recently announced a partnership with Zelle®, and this partnership will spread awareness and educate consumers and small businesses on avoiding financial fraud and scams. About Zelle® About Early Warning Services, LLC Zelle and the Zelle related marks are property of Early Warning Services, LLC. View original content to download multimedia:http://www.prnewswire.com/news-releases/zelle-springs-into-2021-with-more-than-100-billion-sent-in-the-first-quarter-301284109.html SOURCE Early Warning Services, LLC |