Topline New York Attorney General Letitia James announced a lawsuit against the company that developed Zelle, the online payment app used by several major banks that allows users to quickly transfer funds to one another, alleging that fraudsters stole a total of $1 billion from consumers because developers failed to implement security features. New York…
LONDON, ENGLAND – FEBRUARY 15: Microsoft founder Bill Gates. Getty Images Here are five things in business tech news that happened this week and how they affect your business. Did you miss them? This Week in Business Tech News Business Tech News #1 – Bill Gates: Within 10 years, AI will replace many doctors and…
Zelle, one of the most widely used digital payment services in the United States, shut down money transferring services available on its stand-alone mobile app on April 1. The service itself is not disappearing, but some Zelle users must transition how they access the tool. Why It Matters Zelle is a key player in the…
(CNN) – Zelle shut down its standalone app Tuesday. However, the popular person-to-person money transferring service itself is not going away. Zelle warned of the shutdown last year. Zelle said it is shutting down its payment app.(MGN | MGN Image (Credit)) It explained only 2% of transactions happen on its app. It said a vast…
(TNND) — The payment processing app Zelle shut down its standalone app on Tuesday. Zelle instead is redirecting its users to use their application through banks and credit unions. When signing into the app, users will see a pop-up message that says the application is “no longer available for sending and receiving money.” Users are…
The standalone Zelle app can no longer be used for sending or receiving money, and users are being invited to enroll to use the peer-to-peer payment method through a participating bank or credit union’s app. Zelle had announced in an Oct. 31 blog post that it would make this change, and it completed the move…
Zelle is shutting down its stand-alone app on Tuesday, according to a company blog post. This news might be alarming if you’re one of the over 150 million customers in the U.S. who use Zelle for person-to-person payments. But only about 2% of transactions take place via Zelle’s app, which is why the company is…
The digital payment network Zelle announced that it serviced $1 trillion in payments last year — the highest volume ever, it says, for a peer-to-peer payment app. Almost three-quarters of consumers in the U.S. use mobile payment apps like Zelle, Venmo and Cash App, including more than 90% of Gen Z consumers. What started out…