Got a message from a recruiter on LinkedIn from Early Warning for their Zelle Pay project. It’s like Apple Pay. Never heard of the company.
Yeah they are used by banks to exchange information. They are legit, but no idea how good it is to work there. Their customers include banks and lenders as well as fintech companies like Blend. If you’re applying for a loan or mortgage with Bank A, Bank A can use Early Warning to check how much money you have in all other banks. Zelle is a relatively new project by them; it enables quick and fast payments between banks. It’s white-labeled (eg. Chase calls it QuickPay), so while you can use Zelle’s app directly, chances are it’s already on your bank’s app.
Is this something Bank A does without your advance knowledge or permission? Or is this something you have to opt in to?
I believe as part of applying for a loan/mortgage, you give them permission to look up your credit score and other financial information, and only at that point do they usually use this. But I have no idea how that is controlled/enforced.
@OP Early Warning is a hot company in Fintech - their new Zelle pay has huge growth potential - they’ll have to upgrade their back ends to keep up with the volumes. But I don’t think they pay like tech companies - if you get an offer do update this post - will be interested to know how they pay these days .
Yeah, it is called Microsoft.
Zelle is not new and it’s just the product of a group of banks trying to build another money movement solution. I took a recruiter call from them, did some due diligence, and decided not to pursue. I would certainly not move from apple.
I had a phone interview on Friday. What they were offering would t warrant me leaving. Plus their benefits suck.
Wells Fargo is running ads on how their mobile app lets you transfer money to anyone. Zelle is part of this ad.