Dear Attorney, Stop Using Zelle as a Payment Type
Zelle is fast, convenient, and wildly popular. It is also one of the most dangerous payment platforms an attorney can use for client transactions.
In this episode Steve Libhart and Sarah Prevost break down exactly why peer-to-peer payment platforms like Zelle create serious compliance exposure for law firms, from the commingling of funds when payments land in the wrong account, to the complete absence of dispute resolution when something goes wrong. They share real personal experiences with P2P payment scams, walk through the scenarios where Zelle becomes a compliance nightmare, and explain…
The skinny
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