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Discover to use Zelle network for P2P payments

Source: Discover

Discover announced that the Zelle® Person-to-Person (P2P) experience is now available on its mobile app and online account center, allowing Discover checking, savings and money market account customers to easily send and receive money with almost any bank account in the US.

On the heels of removing all fees across its deposit products in June, Discover Bank is also participating in the Zelle Network®to provide their customers a fast and easy way to send and receive money.

“Giving Discover Bank customers the ability to send and receive money between friends and family is a natural extension of our commitment to offer a seamless, full-service digital banking experience,” said Ram Subramanian, vice president of deposits at Discover. “We are continually listening to what our customers say and are excited to offer Zelle to improve their banking experience.”

After enrolling with Zelle in just a few easy steps through the Discover mobile app or online account center, customers can take advantage of many benefits.

Benefits include:

Receive money fast, typically within minutes. When both the sender and recipient are enrolled with Zelle, money goes directly from one bank account to another, and is available for use in minutes.
Send money to friends, family and people they trust. Through Zelle, in the Discover app, money can be sent to almost anyone with a bank account in the U.S. Zelle should only be used to send money to people you know and trust.
Request money from other people, which makes it easy to collect money for things like group gifts or shared meals.
Avoid sharing sensitive account information— all the customer needs to share is their U.S. mobile phone number or email address that is enrolled with Zelle to receive money with Zelle.

In addition to providing a fast way to send and receive money with Zelle, the Discover mobile app also allows customers to temporarily freeze4 their debit card if misplaced, deposit a check from their phone, pay a bill and find the nearest no-fee ATM within Discover’s nationwide network of 60,000 ATMs.

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