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You're not using "immediately settled" in the same way as the parent. Zelle transactions are subject to reversion or cancellation ... for days? Compare to, sa
by oasisbob 3y ago
You're not using "immediately settled" in the same way as the parent.
Zelle transactions are subject to reversion or cancellation ... for days?
Compare to, say, settlement cycles in SWIFT: https://www.swift.com/news-events/news/preparing-t1-global-impact-north-americas-move https://www.swift.com/news-events/news/preparing-t1-global-i...
- culturestate 3y agoI'm using "settled" in the colloquial "the money has been debited from the sender's account and has been credited to the receiver's account" sense, which for the purposes of this discussion is the definition that really matters. You can't just unilaterally reverse a Zelle payment any more than you can a SEPA transfer.