The large bank early warning news could be HUGE for fiserv. Another partnership like Zelle?
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EWS (Early Warning Services) is a Fraud detection product for transit items. Besides Zelle and ACH, and a few other products it has. It has API connectivity and Batch review of the FI's transit items that are reviewed against the EWS DB and a response is provided back to the FI on a recommendation based on what it found in their DB. It is a VERY expensive for an FI and due to that targets large clients. Once an FI reached 750 Deposit accounts Fiserv is a Technical Integrator and can not talk to the FI about EWS. Only EWS can. EWS is very difficult to work with and Very difficult to implement from a file delivery perspective and is mainframe-based. Very inflexible on how they accept Deposit and contribution files on behalf of an FI. Advanced Fraud Solutions (AFS) is also in the same space as EWS and is a good alternate solution for Fraud detection for Transit items, and it has a UI Portal to review items with images. AFS is less expensive and an easy company to work with. EWS Batch just provides a response file that comes back to the FI Day 2 (for Batch). EWS as mentioned is a grouping of the largest banks in the US and they use that might to convince FI's to use them when there are alternatives out there in the market.
@2vog+1kPm4Gs2
Finxact it is!
We don’t need Zelle, we have Zashpay!
Need something to replace the big core clients that are fleeing the sinking ship.
"Early Warning" is a financial company owned by a conglomerate of banks. "Early Warning" owns the product "Zelle"
https://www.earlywarning.com/
https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/early-warning-services/
What early warning?
New hires in BH with minimal experience, but lots of collaboration time, silly.
And who is left to do the integration work?
I doubt if Zelle contributes that much to Fiserv's bottom line.