While media coverage around the danger of P2P payments is escalating, the reality is that Zelle® fraud and scams have materially declined over the last five years relative to the network’s growth. More than 99.9% of over five billion Zelle® transacti...
Synthetic identity fraud losses rose to an estimated $20 billion in 2020—spiking sharply from an estimated $6 billion in 20161. One of the fastest growing financial crimes in the U.S., synthetic identity fraud is now one of the nation’s leading...
Last month we heard top things to consider when financial institutions (FIs) are implementing a new P2P payments platform. This month Wade Hobbs, Business Development Manager for Levvel’s Payments practice, went deeper on another important topic - fraud management.
Click here to view the full guide!
Zelle® and Fiserv Launch Program to Bring Real-Time P2P Payments to Minority Depository Institutions
Banesco USA customers can now look for Zelle® in their BanescoMobile banking app to send money to friends and family, wherever they bank in the U.S. Money sent with Zelle® goes directly from one bank account in the U.S. to another, using only a recipient’s email address or U.S. mobile number. Funds are typically available within minutes when both parties are already enrolled with Zelle®.