Beyond the limits, Zelle is also risky for rent collection due to the potential for a tenant to accidentally pay the wrong person. Zelle payments are not easily trackable for businesses ...
claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws.
The lawsuit alleges the banks rushed to complete the Zelle payment network in order to compete with Venmo and CashApp. The lawsuit further alleges that the banks “systemically failed” their ...
(The Hill) – The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the peer-to-peer payment network. The Consumer Financial Protection ...
There are many methods for accepting rent payments, and each one comes with its own pros and cons. We break down the risks that a rental business may face.