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Zelle developer sued by New York attorney general for enabling fraud

( August 13, 2025, 19:19 GMT | Official Statement) -- MLex Summary: New York Attorney General Letitia James today sued Early Warning Services, a company tasked with developing the electronic payment platform Zelle, for failing to protect its users from massive amounts of fraud. EWS designed Zelle without critical safety features, allowing scammers to easily target users and steal over $1 billion between 2017 and 2023, according to an investigation by James’ office.Statement below. Document attached....

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