During Q3 2018, the Zelle Network chalked up 116 million transactions for a total of $32 billion in payments. Transaction volume increased 16 percent quarter-over-quarter, and total money moved increased 13 percent, according to a press release. Financial Institution participants contributed to an enrollment increase of 10 percent from Q3 2017 to Q3 2018, or more than 75 million tokens — eg., mobile numbers or email addresses — across the Zelle Network.

Since June 2017, a diverse array of financial institutions have joined the Zelle Network, including national banks, credit unions, and regional and community banks. Of these, 57 percent list assets less than or equal to $10 billion, and 34 percent of participants list assets less than or equal to $1 billion.

"As we strive for ubiquity, we are working closely with banks and credit unions of all sizes in offering a fast and consistent payments experience," Early Warning CEO Paul Finch said in the release. "Zelle is one of the fastest growing consumer financial brands in history and we are proud of our momentum, especially this quarter as we signed more than 40 financial institutions to our network through partnerships with our processors — Co-op, FIS, Fiserv, and Jack Henry & Associates. These partnerships are helping financial institutions stay at the center of their customer's financial lives."