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Zelle is a peer-to-peer payment system operated by Early Warning Services, an Arizona tech company owned by Bank of America, Wells Fargo, JPMorgan Chase, PNC Bank, U.S. Bank, Capital One and Truist.
As the Zelle website states, “Unlike a credit card, Zelle does not offer a protection program for any authorized payments made with Zelle — for example, if you do not receive the item or the ...
The service, created in 2017, is operated by Early Warning Services LLC, a company co-owned by seven banks: Bank of America, Wells Fargo JP Morgan Chase, Truist, U.S. Bank, PNC and Capital One.
The Zelle service is intended for payments to those whom the payer already knows and trusts and the service disclaims any responsibility for goods and services sold through the system. [24] [25] Zelle uses ACH to settle the payments overnight, similar to direct deposit. [26] Zelle users can send money to other registered Zelle users.
Paze was created by Early Warning Services, a consortium of banks that also manages the Zelle inter-bank payment network. [1] Paze can be used by customers to make purchases online. A single Paze wallet can be associated with several credit cards.
The person she was speaking to on the phone was not a Wells Fargo rep, as she discovered when she went into the bank to confirm that she'd been talking to a legitimate customer service staff member.
When you first use Zelle, through a banking app or the standalone Zelle app, it’ll require you to enroll either an email address or phone number (or both). That way, other users can verify who ...
Follow these steps to send or request money easily with Zelle.