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20 Results from "Zelle"

/payments

Zelle shuts down standalone P2P payments app

With the vast majority of people using its services through their banks, American person-to-person payments provider Zelle is shutting down its standalone app.

/payments

CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

/security

JPMorgan ponders legal action over Zelle probe

JPMorgan Chase is considering taking legal action against the Consumer Financial Protection Bureau (CFPB) over an ongoing probe into the abuse of Zelle payments by scammers.

/regulation

Wells Fargo says US investigating Zelle complaint handling

Wells Fargo has joined JP Morgan in revealing that US authorities are investigating the handling of complaints about P2P payments service Zelle.

/payments

Venmo, Zelle and Cash App leave users vulnerable to fraud - Manhattan DA

Manhattan's district attorney has written to the firms behind Venmo, Zelle and the Cash App, calling on them to up their security measures in the face of growing fraud.

/payments

Varo Bank launches no fee payments feature “Varo for Everyone”

Varo Bank has announced a new free instant payments feature called Varo for Everyone that will allow those with a US debit card to make quick and easy money transfers.

/regulation

Senators urge regulators to take action on Zelle fraud

Senate Democrats, including Elizabeth Warren, have called on financial regulators to take action to tackle fraud related to the bank-owned Zelle P2P payments service.

/security

US Senators blast Zelle over rising fraud

US Senators Elizabeth Warren and Robert Menendez have blasted bank-backed P2P payments app Zelle over reports of widespread fraud and scams on the platform.

/payments

Zelle's bank owners split on competing with cards at the checkout - WSJ

Some of the banks behind Zelle want to take the American P2P payments service to the checkout, taking on Visa and Mastercard, according to the Wall Street Journal.

/retail

Bank-backed P2P payments app Zelle reports strong take-up

US bank-backed P2P payments app Zelle gathered momentum in 2018, with users making 433 million transactions worth $119 billion.

/retail

Zelle moves $25 billion in Q1

As reports about its vulnerability to fraudsters surface, US bank-backed P2P payments app Zelle says that it was used for 85 million transactions, moving more than $25 billion in the first quarter, up 15% on the same period last year.

/retail

Zelle partners IBM for P2P payments push

As it reports soaring consumer take up, US bank-backed P2P payments app Zelle has teamed up with IBM to help bring the service to more financial institutions.