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06-17-2021, 04:45 PM #24
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,952
Read between the lines - several Banks have either suspended or decided to not paticipae in Zelle for a variety of reasons.
I'm not banker, but, I do speak with several bankers on a regular basis , and while you will not see a Major Headline,
many financial institutions are taking a 2nd look at some of this so-called new technology.
I was on a web conference today with Global/TSYS and a part of the Q&A is when will (if) Wells Fargo (A Sponsoring Bank)
be willing to directly accept CBD-Hemp Merchants. One of the main issues is the ability to mange the risk with certain types of merchants.
The same issue has confronted Zelle and the Banks within the network. How to manage fraud and the amount of customer service are these participating financial institutions having to deploy. Keep in mind Zelle is supposed to be a free service among friends sending each other money.
Front page of zellpayment
ZelleŽ is a fast and free1 way to send and receive money with the people you know and trustDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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