Mass. Banks Stare Down Zelle Fraud
Sophisticated bank scammers aren’t going away – and nor are controversies over banks’ reimbursement policies for victims of fraud involving leading instant-payment tools.
Fraud, Scam Cases Increasing on Zelle, Senate Report Finds
Incidents of fraud and scams are occurring more and more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren.
Senators Quiz Megabank CEOs on Consumer Protections, Social Issues
The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and found themselves pulled in different directions by legislators from different political parties.
Fed’s Real-Time Payment System Coming as Early as May ’23
The Federal Reserve’s new real-time payments system known as FedNow is expected to go live as early as May 2023, a Fed official said Monday.
‘Chuck’ Gives Community Banks a P2P Option
When its younger employees started calling Zelle “clunky,” Reading Cooperative Bank knew it had to give its customers a second option for peer-to-peer payment services.
Digital Dominates Deposits at BofA
Bank of America’s customers now mostly use digital channels rather than teller lines to make deposits as the bank continues to see digital engagement grow.
Citizens Bank Launches New P2P Service
Citizens Bank recently announced the launch of a new person-to-person platform through their mobile and online banking apps.
Zelle P2P Goes Mainstream
The nation’s largest banks have moved into the person-to-person payment sphere with the rollout of Zelle, a bank-owned mobile application that allows customers to make P2P payments without leaving the protection of the data center of their financial institution.
Morgan Stanley Aims To Digitize The Mortgage Process
Morgan Stanley is developing a new digital mortgage...
