P2p Payments

Judge refuses to dismiss NY AG Letitia James' fraud lawsuit against Zelle's operator, keeping fraud-safety allegations alive and signaling ongoing regulatory/legal risk for the network, backed by a massive user base and historic fraud figures.

Cash App rolls out a pay-over-time feature for P2P transfers at 7.5% interest, enabling $25+ transfers to be repaid over up to six weeks (or in a single due date) with dynamic eligibility and protections to curb debt spirals.