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A report by Senator Warren's office says fraud and scams are occurring more often on P2P payments app Zelle, and banks fail to refund 53% of defrauded funds (Ken Sweet/Associated Press)

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Ken Sweet / Associated Press:

A report by Senator Warren’s office says fraud and scams are occurring more often on P2P payments app Zelle, and banks fail to refund 53% of defrauded funds  —  Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday …



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