Zelle

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. And,...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
BofA to Expand Digital Banking Tools to Meet Growing Customer Demand
BofA to Expand Digital Banking Tools to Meet Growing Customer Demand
August 25, 2022  |  Digital Banking

After seeing a record number of consumers logging into digital channels during the month of July and the second quarter, Bank of America is planning...

READ MORE >
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
Senators to CFPB: Use Authority to Protect Consumers From P2P Payment Scams
July 22, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) should use its authority under Regulation E and the Electronic Fund Transfer Act (EFTA) to protect consumers from payment...

READ MORE >
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
Banks’ Increased Liabilities on P2P Fraud May Have Silver Lining
July 19, 2022  |  Security & Fraud

Call it a reset on how the Consumer Financial Protection Bureau (CFPB) views authorized P2P fraud — and by extension, just who’s on the hook...

READ MORE >
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
CFPB Wants Banks to Pay Back Victims Scammed Using Zelle, Other P2P Services
July 19, 2022  |  CFPB

Victims of scams involving Zelle and other peer-to-peer (P2P) money transfer services could be getting new assistance from the Consumer Financial Protection Bureau (CFPB) by...

READ MORE >