5 ms·
It took me about 3 weeks to realize that all the major banks supported Zelle... how crazy is that? And then I looked into its origins and discovered that it was
by theguyovrthere 5y ago
It took me about 3 weeks to realize that all the major banks supported Zelle... how crazy is that? And then I looked into its origins and discovered that it was all the big banks getting together to say 'hey, lets keep the money in our system'
So it is not surprising to me that they probably lobbied somehow to be excluded since Zelle is a "cash replacement" sponsored by the banks.
- LorenPechtel 5y agoZelle is supposed to be only a pay-your-friend system as it lacks chargeback capability and the like. Thus it's quite reasonable for it not to be involved in reporting business income--it's not supposed to be handling business income.