Zelle continues to see strong growth in the payments space (Image: Shutterstock).

Payments network Zelle announced this week that it processed $35 billion in payments and over 135 million transactions during the fourth quarter of 2018, marking all-time highs for the network owned by Scottsdale, Ariz-based Early Warning. Year-over-year payment value for the fourth quarter increased by 61%, while transaction volume increased by 81%, it said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Payment Platforms