Payments News


Zelle Moves 100 Million Transactions Totaling $28 Billion In Second Quarter 2018

“In the second quarter of 2018 (April 1 – June 30), 100 million transactions took place on the Zelle Network® for a total of $28 billion in payments. Transaction volume was up 17% quarter-over-quarter (QoQ), and total money moved was up 11%. Across the entire Zelle Network, more than 67 million tokens have been enrolled. Zelle celebrated its first anniversary on June 12, 2018, and in a year of operation has processed more than 320 million transactions valued at $94 billion. Transaction volume and transaction value are up 77% and 62%, respectively, from June 2017. “