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Kevin Roundy, senior technical director of the internet security company NortonLifeLock in Culver City, said other payment systems see more scammers than Zelle: "There are 30 times as many PayPal ...
One common con on Zelle is known as a “me to me” scam. This is how Bank of America described it in one email to customers: Customers get a text that looks like a fraud alert from their bank ...
The move to “ensure consistency across the Zelle Network and improve consumer benefits” comes at a time when Zelle and the seven banks that own it — Bank of America, Capital One, Chase, PNC ...
Cashless P2P (peer-to-peer) transaction apps are great and have unequivocally made our lives easier, but as is the case with any emergent technology, scammers are quick to find ways to exploit ...
Consumer fraud is on the rise. "The FTC recently released data that shows consumers lost $8.8 billion last year to fraud, a 30% increase from the year prior," said Debt.com chairman Howard...
The alert warns of Zelle scams on Facebook Marketplace in which a fraudulent buyer attempts to buy a big-ticket item using Zelle, the popular peer-to-peer lending app, to make payment. See: 9 ...
Zelle says it should fall on law enforcement to stop the scammers. Scams on payment apps like Zelle are getting so out of hand that federal authorities are starting to investigate.
In late June, Zelle expanded protection to some fraudulently induced transfers by requiring 2,100 bank and credit union participants to reimburse consumers for "qualifying imposter scams ...