Podcast

The gaping security holes plaguing real-time payments

Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely.

Stephen Lange Ranzini, CEO of University Bank in Ann Arbor, Mich., says The Clearing House's RTP and Early Warning's Zelle real-time payment networks fail to meet basic requirements for secure enrollment, encryption of data in transit, and authentication.