One aspect of its business is the subject of a state's legal action. "EWS knew from the beginning that key features of the Zelle network made it uniquely susceptible to fraud, and yet it failed to adopt basic safeguards to address these glaring flaws or enforce any meaningful anti-fraud rules on its partner banks," the Attorney General's team added. EWS is owned and controlled by a consortium of seven of the top American banks and financial services purveyors. In addition to Wells Fargo, its ownership struc ...