How Zelle Works: Real-Time Bank Transfers in the U.S скачать в хорошем качестве

How Zelle Works: Real-Time Bank Transfers in the U.S

Explore how Zelle enables fast, direct peer-to-peer payments across major U.S. banks without fees or separate wallets. In this video, we dive into Zelle’s key features, the technology behind near-instant transfers, and how it compares to other payment platforms like PayPal and Venmo. We’ll walk through the process of sending money with Zelle, from registration to real-time bank transfers, plus the critical role of ACH for final settlement. Whether you're curious about how Zelle works or looking for a reliable P2P payment solution, this video covers everything you need to know about Zelle's impact on modern payments. Timestamps: 0:00 - Intro: Overview of Zelle and peer-to-peer payment systems 0:33 - Historical Context: How Zelle was created to meet U.S. demand for real-time payments 1:41 - How Zelle Works: Direct bank transfers without wallets or fees 2:09 - User Registration and Sending Money: Simple setup with phone number or email 2:43 - Practical Example: Step-by-step example of a Zelle transfer 3:50 - Behind the Scenes: Processing steps for secure and instant transfers 6:30 - T+1 Settlement (ACH Transfer): Finalizing transactions through ACH 7:41 - Zelle’s Key Features and Advantages: Speed, security, and bank integration 8:42 - Limitations of Zelle: U.S.-only, no purchase protection, and bank account requirement 9:54 - Outro: Summary of Zelle’s benefits and impact on P2P payments LinkedIn:   / bytemonk      • System Design Interview Basics      • System Design Questions      • LLM      • Machine Learning Basics      • Microservices      • Emerging Tech   AWS Certification: AWS Certified Cloud Practioner:    • How to Pass AWS Certified Cloud Practition...   AWS Certified Solution Architect Associate:    • How to Pass AWS Certified Solution Archite...   AWS Certified Solution Architect Professional:    • How to Pass AWS Certified Solution Archite...   #payments #zelle