Early Warning Blog

Keeping Pace with Faster Payments

Posted by Hector Sandoval, VP Product Line Leader on Sep 19, 2017

 

Raise your hand if you’ve heard of the Faster Payments movement! If you’re in the payments industry, it’s a good guess you’ve not only heard of it, but are actively preparing your organization for the second and third phases of the National Automated Clearing House Association’s (NACHA) Faster Payments Initiative. This program was created to help address the “lack of a real-time, or faster payment system,” to improve the payments experience for both consumers and businesses.

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Topics: Faster Payments

Zelle® Money Movement Momentum Continues

Posted by Early Warning on Sep 12, 2017

On September 8th, Early Warning announced momentum within the Zelle Network® including the new Zelle App, which is available today in the App Store and Google Play!

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Topics: Payments, P2P, Faster Payments, zelle

Meet Zelle at the Digital Banking Conference in Austin

Posted by Early Warning on Jun 06, 2017

Early Warning’s real-time peer to peer payments solution, is making huge traction in the marketplace.  ZelleSM  allows payments to be sent and received right from your mobile baking app using just a recipient’s mobile phone number or email address. Funds are available in the recipient’s U.S. bank account within minutes, in most instances.

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Topics: Payments, Faster Payments, Real-time Payments, digital banking conference

Explore the Future of P2P Transactions at Payments 2017

Posted by Early Warning on Apr 18, 2017

From April 23-26 we'll be in attendance at PAYMENTS 2017, an event that aims to provide payments professionals with a unique forum to debate and explore pressing issues and opportunities in the financial world today. During the four-day conference, we’ll take part in a number of activities to showcase our proven financial technologies and highlight what we’re doing to create the future of payments.

Here’s what we have planned...

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Topics: Payments, Faster Payments, Real-time Payments

Experts to Speak on Banking Opportunities with Zelle℠ at Retail Banking 2017

Posted by Early Warning on Mar 21, 2017

Get the latest information on what we have planned for the event.

Are you going to be in Miami this week for Retail Banking 2017? We'll be there, and we're excited to take part in this year’s premier-banking event alongside fellow industry leaders.

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Topics: Payments, P2P, zelle

Going Head-to-Head in Digital P2P Payments in the U.S.

Posted by Talie Baker, Retail Banking & Payments Analyst at Aite Group on Mar 15, 2017

People have engaged in person-to-person (P2P) payments for centuries–beginning with the barter system, through the invention of money and checks, and in the digital age, in which funds can be exchanged electronically via online and mobile applications. The size of the U.S. P2P payments market is driving intense competition between financial institutions (FIs) and alternative P2P payment services. Many FIs now offer P2P payment services as part of their overall digital banking experience in an effort to remain at the center of the consumer’s financial life. Alternative P2P payment services offer innovative digital P2P payment experiences to attract consumers, build a strong customer base, and drive revenue through other value-added products and services. Although digital P2P payment capabilities have been around for at least a decade, they have been slower to take off with consumers than media coverage might suggest, and research reveals that the digital P2P payments business is the FIs’ to lose.

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Topics: Payments, P2P, Faster Payments, Real-time Payments

Lou Anne Alexander Included In 2017 Most Influential Women in Payments

Posted by Early Warning on Mar 07, 2017

PaymentsSource has chosen Early Warning's Lou Anne Alexander as one of the 2017 Most Influential Women in Payments! Each year, PaymentsSource honors the women who are driving change by taking risks with new ideas and investments, and developing the technology that will forever change the way people handle money. Congratulations to Early Warning's group president of payments solutions, Lou Anne Alexander, for being included in this prestigious list.

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Topics: Payments, P2P, Faster Payments

Adapting DDA Account Strategies for Greater Financial Inclusion

Posted by Shirley Inscoe, Sr. Analyst at Aite Group on Nov 28, 2016

Financial institutions (FIs) continue to place a greater emphasis on enabling new account-opening growth through online and mobile channels, and expand their product offering to foster financial inclusion and growth. In my recently published study New DDA Strategies: Balancing Risk and Regulators, over 40% of FIs in every category with the exception of the largest FIs already offer some type of second chance account. While only 17% of the largest FIs currently offer second chance accounts, another 17% are planning to do so and 50% are evaluating whether to do so.

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Topics: Authentication, Identity, Digital Identity Assessment

Fostering New Account Growth through Advances in Digital Identity Assessment

Posted by Jim Mortensen, vice president of Identity Solutions on Nov 07, 2016

Online Account Opening Growth in 2017

We can all agree that the “bank of the future” will look and act differently than traditional brick-and-mortar institutions, but just how distant is that future? While we’ve seen account openings begin to shift away from the branch, Aite Group reports that by next year, 28% of new accounts will be opened online and 8% will be opened on a mobile device (an anticipated increase of 5% and 2% from 2015, respectively).1 In an increasingly faceless environment, validating a consumer’s personally identifiable information, their devices and related risk is vital to ensure the optimal customer experience as well as safety and soundness in the financial system. Are you ready for this shift?

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Topics: Authentication, Identity, Digital Identity Assessment

Has Your New Account Screening Evolved?

Posted by Robin Love on Oct 27, 2016

Balancing New Account Growth and Risk Mitigation

Although financial institutions (FIs) have been screening new account applicants for decades, guidelines for how to best utilize that decision-making data has become increasingly scrutinized in an effort to ensure consumer fairness and financial inclusion. Not only have the variety of data sets available to FIs today versus even five years ago advanced significantly, but so too has the sophistication of the consumers applying for new accounts.

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Topics: Authentication, Identity