Zelle finally caves after years of refusing to refund scam victims

Re:Zelle finally caves after years of refusing to refund sca... by jacquesm on Monday November 13, 2023 @07:51PM (#38257431)

Yes. VISA and MC are at many orders of magnitude above that in an absolute sense.

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Re:Zelle finally caves after years of refusing to refund sca... by phone8675309 on Monday November 13, 2023 @08:40PM (#38257850)

Yes, and they have mechanisms for disputing fraudulent transactions with a method for restitution if the transaction is a scam.

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Re:Zelle finally caves after years of refusing to refund sca... by djbusby on Monday November 13, 2023 @08:54PM (#38257957)

And Zelle did nothing. Now they might start

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Re:Zelle finally caves after years of refusing to refund sca... by FireBeyond on Monday November 13, 2023 @09:49PM (#38258392)

By design. It was specifically noted in a lot of the internal presentations and such leading up to launch that one of the goals with Zelle was shifting the nexus of liability away from the banks.

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Re:Zelle finally caves after years of refusing to refund sca... by slumos on Tuesday November 14, 2023 @01:03AM (#38259708)

because by law they are liable (over $50)

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