Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud
The personal payment platform Zelle is flourishing. But so are fraudsters, who are exploiting weaknesses in the banks’ security. Big banks are making it easy to zap money to your friends. Maybe too easy. Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. Thousands of new users sign…
