Zelle

US Banks Devising Plan to Reimburse Zelle Scam Victims

US Banks Devising Plan to Reimburse Zelle Scam Victims
US Banks Devising Plan to Reimburse Zelle Scam Victims
November 28, 2022  |  Banking

Seven of America’s largest banks are reportedly working on a plan to reimburse victims of scams on their payment network Zelle amid calls for greater...

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Neobank Varo Begins Offering Zelle Access
Neobank Varo Begins Offering Zelle Access
November 15, 2022  |  Digital-First Banking

Varo will offer the peer-to-peer payment network Zelle as part of its mobile app, the digital bank announced Tuesday (Nov. 15). Get the Full Story Complete the form...

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Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  Get the Full Story...

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Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
Sen Warren Urges CFPB to Develop Stronger Rules for P2P Payments
October 28, 2022  |  Bank Regulation

Three weeks after releasing a report focused on frauds and scams on Zelle, U.S. Sen. Elizabeth Warren has sent a letter to the Consumer Financial...

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Bank of America: Zelle Transactions Replace ‘the Check Is in the Mail’
Bank of America: Zelle Transactions Replace ‘the Check Is in the Mail’
October 17, 2022  |  Earnings

Bank of America’s latest earnings results show that consumers’ embrace of digital banking — particularly P2P transactions — continues to grow by double-digit percentages. Get...

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P2P Payment Fraud Under Microscope as Lawmakers Seek Regulatory Solution
P2P Payment Fraud Under Microscope as Lawmakers Seek Regulatory Solution
October 04, 2022  |  Regulation

The ongoing debate on Capitol Hill over peer-to-peer (P2P) payments regulation came into focus Monday (Oct. 3) after U.S. Sen. Elizabeth Warren, an outspoken critic...

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Congress Drills Bank Brass on Authorized Push Payments Fraud
Congress Drills Bank Brass on Authorized Push Payments Fraud
September 23, 2022  |  Bank Regulation

The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance,...

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Today in the Connected Economy: Uber Bets on Robot Delivery
Today in the Connected Economy: Uber Bets on Robot Delivery
September 08, 2022  |  Connected Economy

Today in the connected economy, Uber invests in the future of robotic delivery with a partnership with autonomous vehicle company Nuro. Plus, Zelle marks 5...

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Zelle Says It’s Processed 5 Billion Transactions in 5 Years
Zelle Says It’s Processed 5 Billion Transactions in 5 Years
September 08, 2022  |  Digital-First Banking

Digital payments network Zelle has been in a lot of hot water lately over alleged fraudulent transactions and the blame game. While there’s no resolution,...

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