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Question after reading comments here on how check-kiting works, does the promise of Zelle combat this technique? or is it just a fancy digital wrapper around AC
by gravitas 7y ago
Question after reading comments here on how check-kiting works, does the promise of Zelle combat this technique? or is it just a fancy digital wrapper around ACH and is still vulnerable to check-kiting as a concept?
- kevin_thibedeau 7y agoZelle uses ACH, though their faster front end process may combat kiting. Other banks are moving to RTP which will not use ACH for the actual money transfer.
- altmind 7y agoYou sure? There is more than one way to clear funds between banks. I remember banks using Fedwire between each other.