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A comment on Bank of America just lost all Zelle transfers, for many customers. Parent comment

Re:Bank of America just lost all Zelle transfers, for many c... by sowbug on Wednesday January 18, 2023 @01:22PM (#34430665)
By aligning the interests of the custodian and beneficiary.
[ Parent | on HN ]
Re:Bank of America just lost all Zelle transfers, for many c... by cuteboy19 on Wednesday January 18, 2023 @07:06PM (#34434958)
Money loss of this kind does not happen because the interest of the custodian is misaligned. The bank does not make a profit if your money goes missing.

Technical errors can happen regardless of what the custodian wants

[ Parent | on HN ]