Zelle is a peer-to-peer (P2P) payment platform that allows enrollees to send and receive payments directly from their bank account using an email address or phone number. Users can send money to ...

Anna Moneymaker / Getty Images The Consumer Financial Protection Bureau on Tuesday dropped its lawsuit against several big banks for failing to safeguard the Zelle payments network from fraud.

One of the most popular options is Zelle — a user-friendly platform where transfers typically take just a few minutes, as it relies on the Automated Clearing House (ACH) system to speed up payments.

But Zelle scams often trick victims into transferring cash themselves. Banks have said they have no responsibility for reimbursing customers for transactions they made themselves, even if they ...

Launched in 2017, the Zelle network aimed to be the go-to alternative to money transfer giants like Venmo and Cash App. It is owned by seven major banks, including JPM, BAC and WFC. The app ...

Zelle has quickly become a go-to option for person-to-person payments in the U.S. One reason is the nearly instant money ...

PHOENIX — You scored a deal on social media and you’re ready to Zelle the payment. Hold on! Not so fast - Chase Bank is pulling the plug. The bank is blocking Zelle transactions for social ...

March 4 (Reuters) - The U.S. Consumer Financial Protection Bureau told a federal court on Tuesday it was dropping a lawsuit filed in December against three of the nation's largest banks over their ...

Options to use the Zelle payments network are seen on a mobile banking app in New York on Friday, Dec. 20, 2024. Credit: AP/Patrick Sison By The Associated Press Updated March 5, 2025 9:09 am ...

The CFPB, under acting director Russell Vought, dropped a lawsuit today against three of the largest banks in the U.S. The banks are co-owners of the peer-to-peer payment system Zelle and had been ...

Peer-to-peer payment apps like Zelle, Venmo, and Apple Pay Cash really took off during the pandemic, and are now a well-established way for people to make instant cash transfers between friends.