Major Banks Testify on Zelle Fraud Concerns

Executives from JPMorgan Chase, Bank of America, and Wells Fargo will testify before the U.S. Senate on July 23 about fraud concerns related to the Zelle payment system. The testimony aims to address issues and improve security measures. This news was reported by Politico, citing unnamed sources.

Executives from three major U.S. banks are expected to testify before the U.S. Senate on July 23 about fraud concerns on the Zelle payment system, Politico reported, citing three unnamed sources.

The banks are JPMorgan Chase, Bank of America and Wells Fargo, according to the report.