December 7, 2020
TABLE OF CONTENTS
A top 40 U.S. Bank wanted to be one of the first banks to implement Zelle. To create a forward-looking and sustainable architecture, they needed Zelle education to build a custom integration. This requires the bank to plug directly into EWS (Early Warning Services) versus going through a third-party vendor. They teamed up with Levvel to build out the business requirements, functional and technical specifications, and develop the entire integration from start to finish.
Typically, banks rely on vendors to do a lot of backend integration, largely due to cost and security risks. Keeping customer information safe and secure is a top priority, and the consequences of a breach are high. The client wanted to invest in an internal development team for this custom Zelle integration, and with our Zelle expertise, they could get help in building out the backend development.
Levvel’s mission was to lay out a timeline for the Zelle integration by breaking up the deployments and development into a series of sprints that would focus on education, design, and Zelle implementation.
Our approach included:
The bank was able to develop, test, and certify Zelle integration to deliver an on-time pilot and full production launch. With our help, they were able to fully support and manage their entire payments solution, all while exceeding payments volume expectations after the successful launch.
You’re going to use technology to change the world. We’re going to help you create it. Whether you are reinventing your company, creating an industry-changing product, or making existing products even better with new technologies—we exist to make your endeavor a success story. Our team is made up of leaders, thinkers, designers, and builders whose collective experience spans many industries and companies of all sizes. We’re avid fans of technology but even bigger fans of solving business problems. An understanding of the difference between an idea and a solution is just one of the things that set us apart.
On January 28, 2021 at 2 PM ET, join industry experts from Levvel and Bank of the West for a webinar on how financial institutions can be successful in the new world of digital payments and ‘Banking as a Service’ (BaaS).
While adoption of The Clearing House’s Real-Time Payments (RTP) is picking up among financial institutions, its spread among businesses is still early.
In our recent survey of businesses of all sizes, 49% of respondents said they were uninformed about RTP. This gap can be filled by financial institutions, business process automation software, and even businesses themselves.
Levvel Research's 2021 Real-Time Payments Report (RTP) provides a guide to the many use cases of RTP for businesses and outlines the ROI of adoption for financial management processes, product delivery, and customer satisfaction.