article thumbnail

Data Dive, Reset Button Edition: Zelle, LendingClub and MoviePass

PYMNTS

Zelle’s Security Blues. Zelle, according to some reports, has hit a bit of a security speed bump as stories emerged that hackers have used the service to clean out users’ bank accounts. The main problem at hand, according to the NYT report, is that Zelle does not always notify customers when money is transferred.

Zelle 40
article thumbnail

Retail Payments Fraud: How Consumers and Banks Can Fight Back

FICO

Will Zelle Join Apple Pay, GooglePay and Credit Cards at Point of Sale? For the options available at point of sale (POS), along with credit cards and a host of “-Pay” apps, consumers may soon have another choice on the check-out screen at US retailers: Zelle. Zelle is one of the country’s most widely used money transfer services.

article thumbnail

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

Federal Trade Commission received more than 2.2 There are person-to-person payments via Venmo, Zelle, and a host of other services; payments via ApplePay, SamsungPay and more; as well as an increasing number of ACH transactions. increase in volume and a 10.8% increase in dollar value over 2019.

NACHA 52