NEW YORK — The New York-based financial institution will be an early adopter of Zelle^®, to enable consumers to send fast person-to-person payments to nearly anyone with a U.S. bank account.

Quontic Bank announced today that it will join Early Warning’s Zelle Network^® to offer customers a fast, safe and easy way to make person-to-person (P2P) payments. Quontic Bank will be among the first community banks to launch Zelle^®, thanks to its partnership with global financial services provider, FIS.

Zelle^® will be embedded in the Quontic Bank mobile app in Q1 2018, providing Quontic Bank customers access to fast and easy payments. Zelle^® allows for funds to be sent from one bank account to another typically within minutes, when both parties are enrolled, using only a recipient’s email address or mobile number.

The number of financial institutions in the Zelle^® Network has grown to more than 50; with 13 financial institutions currently live with Zelle^® and more launching weekly.

“Quontic Bank is proud to be an early adopter of Zelle^® as we are focused on delivering our customers the latest digital offerings and innovations,” said Steven Schnall, chairman and CEO of Quontic Bank. “Integrating Zelle^® into our Quontic Bank Mobile app helps answer growing customer demand for money movement.”

“Working with Quontic Bank is in line with our strategy to provide a fast and ubiquitous P2P payments solution for financial institutions of all sizes,” said Lou Anne Alexander, group president, payments Early Warning.

“Zelle^® and Quontic Bank will continue to help make customers’ financial lives easier by providing fast, safe and convenient payment options with their friends and family.”

The Send Money with Zelle^® feature will be conveniently available in the Quontic Bank Mobile app early next year. Zelle^® makes digital payments an easy, fast and safe alternative to checks and cash for the 86 million mobile banking customers with access to the Zelle^® Network.

• Using Zelle, Quontic Bank customers will soon have the ability to deliver P2P and disbursements payments that are:
  Easy: Embedded right in the Quontic Bank Mobile app
• Fast: Connected to the Zelle^® Network for payment transaction processing typically within minutes if the recipient is enrolled with Zelle^®. Money is sent directly from one bank account to another.
• Safe: Backed by the security of Quontic Bank.