Founded in 2011 by Bank of America, JPMorgan Chase, and Wells Fargo, Clearxchange was a bank-owned digital payment network designed to enable secure and fast person-to-person (P2P), business-to-consumer (B2C), and government-to-consumer (G2C) payments. Its mission was to provide a centralized and interoperable network for financial institutions to compete with emerging P2P payment players like PayPal and Venmo. In 2016, the network was acquired by Early Warning Services, LLC (EWS), a fintech company owned by a consortium of major U.S. banks. In 2017, EWS rebranded the Clearxchange network and its consumer-facing application into the widely-known service, Zelle.

Founded in

United States