Is an Alternative to Zelle Coming Soon?

Yes, but it may be just as susceptible to fraud

Andy Spears

--

Photo by rupixen.com on Unsplash

Following an announcement by the Federal Reserve of the launch of a “FedNow” payments system in 2023, a coalition of consumer groups is raising concerns about potential fraud similar to the fraud issues that have plagued payment provider Zelle.

--

--

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .