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It's easy to fall victim to the ever-changing scams threatening to rob you of your hard-earned money. With the rise of peer-to-peer payment systems like Cash App, Zelle, Venmo and Paypal ...
Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers. But Zelle, a digital payment network owned ...
One in five victims reported losing more than $5,000 as a result of financial exploitation that involved peer-to-peer payment apps, such as Zelle, PayPal and Venmo, according to a new survey ...
Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy ...
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 chief executive of Early Warning Services, which runs Zelle, told a Senate subcommittee in July that only 0.1% of the transactions on Zelle involved a scam or fraud; in 2023, the company said ...
Enable Automatic App Updates for Zelle “One way to keep the payment apps you regularly use safe is by enabling automatic app updates on your phone,” Sanchez-Rola said. “These updates help ...
The industry typically likes to point out that fraud and scam claims occur more often on the non-bank payment platforms like Venmo or the Cash App. The data for individual banks shows the increase ...