Paypal safer than Zelle? - banks not protecting Zelle customers ?

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Money Protection: Why Paypal may be safer than Zelle!

When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay

https://www.nytimes.com/2022/06/20/b...e=articleShare

 

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The convenience of on-line phone transfers has opened a can of worms for customers and banks. Banks like the action but not the vulnerability, likewise the consumers. Looks like an opportunity for someone to come up with a great solution. Hopefully soon.