News

After scammers spent years swiping hundreds of millions from Zelle users by inducing ... in the past two months alone, scam victims would likely struggle to identify similar scams without ...
The pandemic normalized contactless payments, and digital wallet options have popped up everywhere, including places that used to only accept cash—like farm stands, garage sales and even your ...
Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams. Two major banks ...
Zelle is a popular ... cause they say they are. This scam is a bit convoluted, but despite its complexity, it’s quite a common scam to occur, as multiple news sources have reported on first ...
Zelle scams in recent years have involved everything from phishing attempts on Facebook Marketplace to fake promises of puppies. Scammers count on the instantaneous nature of Zelle payments and ...
Peer-to-peer payment apps like Zelle ... has elevated fraud or scam risk, or is an illegal, ineligible or improper payment.” Chase won’t always be able to identify social media sales, but ...
Americans instantly zip billions of dollars a day to each other on Zelle ... scam countermeasures,” Blankenbaker said. “Criminals who perpetrate the fraud and scams are the ultimate source ...
Zelle, a free app for transferring money between people, has the attention of lawmakers who say the app is failing to protect users who fall victim to scammers. People can send money almost ...
Wells Fargo also has previously disclosed in public filings that government authorities have been probing the handling of customer disputes via Zelle. The proliferation of fraud and scams on Zelle ...
ATLANTA — It’s become a common scheme – scammers calling you pretending to be with your bank wanting you to use Zelle to send money. After reporting on the scam for years, Channel 2 consumer ...