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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 ...
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 ...
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 ...
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 ...
The data for individual banks shows the increase in fraud and scams. PNC Bank had 8,848 cases on Zelle in 2020, and is on pace to have roughly 12,300 cases this year. US Bank had 14,886 cases in ...
Those who sell on Facebook Marketplace should be aware of a scam alert issued by the Better Business Bureau. The alert warns of Zelle scams on Facebook Marketplace in which a fraudulent buyer ...