Friday, April 26, 2024

Zelle takes on Venmo from within your bank’s app

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From Venmo and PayPal to Facebook Messenger, Google Wallet and even iMessage, there are plenty of ways to send money to your friends online. But these all require your contacts to have accounts set up to receive funds, which often causes friction when youre using different services or they dont want to download new apps. A new tool called Zelle should solve that problem. It works with more than 30 major US banks to allow interbank transfer from within each companys app, so you or y…
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