Cell service has been reported for numerous account security and fraud incidents, in which users` accounts have been compromised or created without authorization, resulting in fraudulently intercepting or diverting payments. Immediate money transfer and the absence of standard two-factor authentication and the use of identification by easily co-opted phone numbers or email addresses make users vulnerable to embezzlement or money that is immediately lost in a fraudulent or incorrect transaction, without practical or legal recourse to the victim. In some cases, bank customers deleted their bank accounts without knowing that the account was linked to a cell service. While some cell frauds are compensated by the banks involved, some do not depend on the bank and its policy, and the peculiarities of the incident.        As of January 2018, Venmo also offers a faster transfer option than its 1-3-day transfer service, but Venmo charges a fee for the service while cell-linked banks do not currently do so.   We`ve seen promotions offering 500-1,000 Chase Ultimate Rewards bonus points, but these usually require a minimum number of transactions. It`s not a mind-blowing promotion, but it`s always nice to get bonus points for something you`d do anyway. However, if you have to use the service now, it`s probably not worth waiting for another action. The cell does not charge a fee for your use of the service to complete transfers between you and Network`s financial institutions. However, the cell reserves the right to collect a fee in the future for all current services, and The Cell may develop new uses or other services for users, and a fee may be charged for these other uses or services. You will be notified in advance of all costs covered in Section 2. If necessary, royalties are posted before any use of the services. Please note that the cell does not assume responsibility for the fees that your financial institution or mobile operator may charge you in connection with your cell transactions.
 Previously, the cell service was known as clearXchange, which offered payment services through member financial institutions and a website. ClearXchange was launched in April 2011 and originally owned by Bank of America, JPMorgan Chase and Wells Fargo.