Episode 433: Should small banks use the Zelle payment network?

This episode examines an article from Banking Drive titled “Why small banks may shun Zelle.” The Zelle payment network is owned by Early Warning Services (EWS). EWS is owned by the largest banks in the U.S. Zelle is a P2P platform, which is currently the third largest behind Venmo and Cashapp. Many smaller banks around the country have not signed up to use Zelle because of higher transaction rates and fraud issues. However, things could be changing. A link to the article is included below.

Link: Why small banks may shun Zelle | Banking Dive