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Zelle Parent Sued Over Billion-Dollar Fraud Failure | Tech Field Day News Rundown: September 3, 2025
New York Attorney General Letitia James has filed a lawsuit against Zelle’s parent company, Early Warning Services, accusing it of failing to protect customers from widespread fraud that cost victims over a billion dollars between 2017 and 2023. The suit claims EWS ignored known vulnerabilities and failed to enforce anti-fraud rules on its partner banks. Experts say the case raises major questions about the responsibilities of real-time payment platforms, highlighting the need for stronger security, identity verification, and consumer education. While a victory for New York could result in…
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