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.
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...
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.
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.
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.
Whether it be televisions, cars, computers or mobile phones, consumers have come to expect constant advancements in the technology they use every day. Consumers rely on technology to make their lives easier, and banking technology is no exception.
The real-time revolution is here. The government is encouraging the industry to quickly enable faster payments. Businesses, consumers, and government entities all stand to benefit; but financial institutions need to play a central role in the creation, delivery, and protection of the evolving payments ecosystem. When looking at your internal systems and resources, keep these five strategies in mind to ensure your success.
Counterfeit fraud including advanced fee fraud, also commonly known as 419 Scams, utilizes confidence tricks to successfully scam vulnerable individuals. In 2013, the American Bankers Association (ABA) identified that financial industry loss and loss avoidance due to DDA fraud cost over $14 billion. Of the $648 million of all check fraud losses reported, 24 percent was a result of counterfeit fraud (approx. $155 million). And, over the last few years, counterfeit fraud has consistently been the leading DDA fraud type, increasing in losses per account to $0.41 across financial institutions (FI) by the end of 2013.
A proactive solution that helps tax agencies reduce improper payments by validating a deposit account’s existence and confirming that the taxpayer has the authority to transact before tax refunds are paid out.
The U.S. payment system is currently moving toward faster delivery of information and settlement. In line with this, NACHA recently announced the approval of same day ACH transactions, which will give consumers, businesses and government agencies the ability to move information and optionally clear and settle funds faster.