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Zelle is window dressing on top of ACH.



Which is exactly what I want, most of the time — I want to write a check, but without the hassle of paper, or the recipient having to explicitly deposit it.


With increased provisions for those banks to push liability for fraud further away from themselves and towards consumers...


Zelle is instant for banks on the Zelle network. ACH isn’t.


Paypal is window dressing on top of ACH.




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