Fiserv

This platform facilitates secure money transfers directly from a bank account to recipients using only their email address or mobile number. By eliminating the need for traditional mailing or check-writing, users can send funds quickly and conveniently.

Milwaukee, United States

Updated 2 months ago

Funding

Funding not disclosed

Funding rounds are not available yet.

Founders

Product

Problem

Traditional methods of sending money often involve the inconvenience of writing checks or physically mailing funds, leading to delays and potential security risks. Existing solutions may not offer real-time transfers directly to a recipient's bank account.

Solution

Zelle, offered through Fiserv, enables real-time digital person-to-person (P2P) payments directly between bank accounts, using only an email address or mobile phone number. This eliminates the need for checks and provides a faster, more secure way to transfer funds. The platform facilitates frictionless implementation for financial institutions, allowing them to quickly offer mobile money movement capabilities to their customers. Zelle also incorporates robust security measures, including fraud and risk management tools, with 24/7 cybersecurity support.

Target Audience

Zelle targets consumers of all generations and small businesses seeking a fast, secure, and convenient way to send and receive money, as well as financial institutions looking to attract and retain customers by offering modern P2P payment solutions.

Features

Real-time payments directly to bank accounts
Payments initiated using only an email address or mobile phone number
Fast implementation for financial institutions
Mobile P2P payment capabilities
Fraud and risk management tools
24/7 cybersecurity support
Supports small business payments for requesting and receiving funds