NY-AG v. Early Warning Services, LLC

Early Warning Services, LLC (EWS) allegedly failed to protect its users from massive amounts of fraud. According to NY-AG, EWS designed Zelle without critical safety features, allowing scammers to easily target users and steal over $1 billion between 2017 and 2023. Attorney General James alleges that EWS violated New York law by creating a payment platform highly susceptible to fraud and doing little to stop it for years while falsely marketing it as a safe and secure service.

Summary generated from official New York Attorney General press release