Banks banded together to create Zelle to offload most fraud risk onto individuals. They used "mostly instantaneous payments" as the carrot to get those individ

Banks banded together to create Zelle to offload most fraud risk onto individuals. They used "mostly instantaneous payments" as the carrot to get those individuals to use the service. Banks have near zero obligations around Zelle transaction fraud - if they do anything, it's often mostly as a goodwill gesture for a customer.