[June 28, 2017] |
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HomeStreet Bank to Launch Zelle Person-to-Person Payments
HomeStreet, Inc. (Nasdaq: HMST), the parent company of HomeStreet Bank
of Seattle, announced today that it will be one of the first banks
nationwide to launch Zelle, a person-to-person (P2P) payment
service that is embedded in HomeStreet Bank's mobile app.
Zelle will enable HomeStreet customers to send and receive
payments for free with almost anyone with a U.S. bank account, using
only the recipient's mobile phone number or email address. Funds sent
through Zelle are typically available in the recipient's bank
account within minutes.
"HomeStreet Bank is pleased to be one of the first financial
institutions to launch Zelle," said Mark Mason, President and CEO
of HomeStreet Bank. "Our customers want a safe, fast, and easy way to
move money, and we're proud to be able to provide this cutting-edge
technology."
The Zelle Network connects the nation's largest financial
institutions, enabling more than 86 million mobile banking customers to
send fast P2P payments through the security of their banking mobile app.
HomeStreet Bank customers will have access to Zelle via the
HomeStreet Bank mobile app, which can be downloaded for free in the
Apple (News - Alert) App Store or in the Google Play store.
For more information about HomeStreet Bank, please visit www.homestreet.com.
About HomeStreet, Inc.
Now in its 97th year, HomeStreet, Inc. (Nasdaq:HMST) is a diversified
financial services company headquartered in Seattle, Washington and is
the holding company for HomeStreet Bank, a state-chartered, FDIC-insured
commercial bank. HomeStreet offers consumer, commercial and private
banking services and investment and insurance products, and originates
residential and commercial mortgages and construction loans for
borrowers located in the Western United States and Hawaii. The bank has
consistently received an "outstanding" rating under the federal
Community Reinvestment Act (CRA). Additional information on HomeStreet
Bank can be found at www.homestreet.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170628005936/en/
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