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A comment on Consumers Defrauded on Zelle Are Left High and Dry by the Banks That Created It [pdf]. Parent comment

Re:Consumers Defrauded on Zelle Are Left High and Dry by the... by notyourwork on Friday September 08, 2023 @07:38PM (#37440630)
So she sent $1800 to someone without first seeing a pending transaction of any kind for a $1800 credit? Some things have to be learned the hard way if that's all it takes.
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Re:Consumers Defrauded on Zelle Are Left High and Dry by the... by cuteboy19 on Friday September 08, 2023 @08:48PM (#37441097)
The solution for this is instant SMS narratives. If you do any kind of transaction, whether receiving or sending, you will get an SMS detailing the (completed) transaction.

Over time people will be conditioned to wait for the SMS before finishing any transaction

That is how UPI does it anyways

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Re:Consumers Defrauded on Zelle Are Left High and Dry by the... by bbatsell on Friday September 08, 2023 @10:02PM (#37441470)
No, the scammer stole someone’s credentials and the bank clawed back the payment. The bank can always reverse it at any point in the future. The consumer never, ever can.
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