A host of the biggest banks in the US have joined forces to introduce a person-to-person (P2P) payments network that will reach more than 86m US consumers.

Zelle, which comes from the bank-owned Early Warning Services, enables consumers to send funds from one bank account to another using only the recipient’s email address or mobile number.

Zelle is available within the mobile banking apps of Zelle Network participants. This network includes more than 30 participating banks and credit unions including Bank of America, Capital One, Citi, FirstBank, JP Morgan Chas, Morgan Stanley, Wells Fargo, and many more.

“Fragmentation has been frustrating for consumers. Inconsistent experiences, have made it difficult to send and receive money between banks,” said Paul Finch, Early Warning Services CEO. “Zelle unites the financial community behind a single, real-time P2P payments experience for millions of consumers. Together, we are removing friction from finance, allowing money to move seamlessly between accounts in minutes. This revolution in money movement will create for consumers a viable alternative to checks and cash.”

In addition to working directly with financial institutions, Early Warning Services has established strategic partnerships with payments processors including Co-op Financial Services, FIS, Fiserv, and Jack Henry and Associates.