Nekoosa Port Edwards State Bank recently became the 1,000th financial institution to offer Zelle® via Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions.
Zelle® allows consumers “to send and receive money directly from one U.S. bank account to another, typically within minutes when both parties are already enrolled.”
Turnkey Service for Zelle from Fiserv “streamlines the Zelle onboarding process for financial institutions, helping to decrease costs and accelerate implementation timelines.”
Approximately 65% of all financial institutions that currently offer Zelle “enable the service via Fiserv.”
And, since April 2022, these institutions “have experienced a 34% increase in active users and a 36% increase in Zelle transactions.”
Matt Wilcox, President of Digital Payments and Data Solutions at Fiserv, said:
“Real-time, digital payments are now a must-have solution for financial institutions, as more of today’s consumers expect to be able to send and receive money instantaneously and directly using their bank accounts. Welcoming Nekoosa Port Edwards as our 1,000th live client is a testament to the growing popularity of Zelle, and underscores the importance of connectivity among financial institutions, businesses and consumers.”
Nekoosa Port Edwards State Bank “is located in central Wisconsin and serves both business and retail customers.”
As a local community bank, Nekoosa prides itself “on its expectation-exceeding service and long-standing relationships with its customers.”
Robb Sigler, President of Nekoosa Port Edwards State Bank, remarked:
“Through our partnerships—like this one with Fiserv and Zelle—we, like many others, have been able to integrate technology and allow our small-town bank to remain relevant, competitive and act as an integral asset for our community while upholding our customer-first values. Our business is relationships, and we feel very lucky to be strengthening the constant and reliable service we provide to our community by now offering Zelle.”
In a world moving faster than ever before, Fiserv “helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life.”
With more than 100 years of experience in financial services, Nekoosa Port Edwards State Bank “takes a customer-centric approach to banking.”
They serve the small, rural community of Nekoosa, Wisconsin, and its surrounding communities, “with personalized financial solutions for the future.”
Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle “makes it fast, safe and easy for money to move.”
The Zelle Network “connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people they know and trust with a bank account in the U.S.”
Funds are “available directly in consumer bank accounts generally within minutes when the recipient is already enrolled with Zelle.”