Webbanks are not repaying 90% of cases in which customers were tricked into making payments on zelle. An estimated $440 million was lost by zelle users through. Webthe banks that participate in the zelle payments app owned by jpmorgan chase, bank of america, and others have relented in their refusal to pay back victims of. Webfrom 2022 to 2023, zelle cut the rate of scams by nearly 50% even as the volume of transactions grew 28%, resulting in less money scammed in 2023 than in. Webthe big banks that run zelle in particular “rarely” reimburse customers duped by scammers, according to a recent senate investigation. So democrats in congress.
