Merchant Warning on Zelle Pay

ZelleZelle Pay

The company has received negative publicity for fraud incidents in which bank customers’ accounts were compromised through social engineering and Zelle then set up by the fraudsters and used to transfer funds out of the victims’ accounts, leaving victims with little practical or legal recourse. In some cases, bank customers have been compensated by the banks involved, depending upon the bank and its policies and the specifics of the incident.

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