Nekoosa Port Edwards State Bank is the 1,000th financial institution to offer Zelle® through a turnkey Fiserv implementation
Nekoosa Port Edwards State Bank today became the 1,000th financial institution to offer Zelle via Fiserv, Inc, a leading 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.
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“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,” said Matt Wilcox, President of Digital Payments and Data Solutions at Fiserv. “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.
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“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,” said Robb Sigler, President of Nekoosa Port Edwards State Bank. “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 celebration of this milestone, Fiserv and Nekoosa Port Edwards State Bank are hosting a community event at the bank’s Main Branch at 405 Market Street, Nekoosa, Wisconsin on June 10, from 10 a.m. to 2 p.m. CT.
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