“Early Warning Services, LLC, the network owner and operator of Zelle®, today responded to misleading reports of fraud and scams on the Zelle Network®. Tens of millions of consumers safely use Zelle® every day with more than 99.9% of payments sent without any report of fraud or scams.  Any external analysis done is incomplete and does not reflect the efforts and data reported by more than 1,700 financial institutions on the Zelle Network®. Wells Fargo is a leader in taking steps to protect its customers from fraud and scams. Based on data reported to the Zelle Network®, recent statements regarding Wells Fargo’s fraud and scam rates are inaccurate. Wells Fargo’s rates of reported fraud and scams are extraordinarily low and comparable to the Zelle Network® as a whole, where rates of reported fraud and scams represent less than 0.1% of all transactions.”