clearXchange

ClearXchange, now part of Zelle, operates a peer-to-peer payment network that facilitates seamless money transfers between U.S. bank accounts. The service primarily caters to individual consumers, businesses, and government entities, providing a secure and efficient platform for electronic payments. ClearXchange collaborates with major banks and credit unions across the United States, ensuring that users can send and receive money directly through their banking apps or online banking portals. The business model revolves around transaction fees and partnerships with financial institutions, generating revenue through service charges and integration fees. By leveraging advanced security measures and a robust network of financial partners, ClearXchange ensures the protection of users' financial data while offering a reliable and convenient payment solution.

Keywords: peer-to-peer, payment network, U.S. banks, money transfers, security, financial institutions, electronic payments, transaction fees, banking apps, Zelle.