Remove Bank Card Remove Risk Assessment Remove Third Party Vendors
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Data Dive: Expanding Efforts — Good, Bad And Unpredictable

PYMNTS

According to Bloomberg, citing people familiar with the situation, Zelle is in the process of enhancing its risk assessment tools in effort to make it safe for people to pay small businesses via the app. The peer-to-peer (P2P) payments app, Zelle , is contemplating an expansion beyond enabling payments between family and friends.

FBI 40
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 Data Dive:  Expanding Efforts, Good, Bad And Unpredictable

PYMNTS

The big bank’s P2P payments app – Zelle – is contemplating an expansion beyond enabling payments between family and friends. Historic compromises have included small to medium-[sized] financial institutions [FIs], likely due to less robust implementation of cybersecurity controls, budgets or third-party vendor vulnerabilities.

FBI 40