News about ClearXChange.
April 19th, 2017
Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value. The network now includes 20 banks and credit unions and is “poised to reach an estimated 85m consumers in the US through the mobile banking apps of its participating institutions,” Early Warning says. The Zelle brand was unveiled in October last year and has been built on the foundation of the ClearXChange network.
September 1st, 2016
Early Warning’s bank-led digital payments network ClearXChange is set to change its name to Zelle. “The banks plan to launch the new brand at a payments industry conference in October,” The Wall Street Journal reports. “The new name has been in the works for several months and could still change if last minute difficulties arise.” ClearXChange was made available to all member financial institutions in June 2015.
July 12th, 2016
Customers of Capital One in the US can now make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. The bank joins Bank of America, US Bank, JP Morgan Chase and Wells Fargo in supporting the service which was made available to all member financial institutions in June 2015.