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In other scams, bank customers get an email, text or call from what looks like a person or business they know, urging them to send funds through Zelle. “It’s frighteningly easy,” said Murray.
Some people have also reported receiving calls from scammers stating that their utility bill is overdue and to avoid disconnection, a payment via Zelle is required immediately. How To Avoid This Scam:
As the Zelle website states, “Unlike a credit card, Zelle does not offer a protection program for any authorized payments made with Zelle — for example, if you do not receive the item or the ...
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 ...
Zelle operates at such a large scale — $806 billion transferred in 2023 — that even a tiny percentage of scam and fraud problems translates into a large amount of money.
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 ...
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Good news for Zelle users. Thanks to a major policy change that was implemented in November, banks that utilize Zelle will now refund victims of imposter scams. Early Warning Systems (EWS), which ...