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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:
Zelle and the banks behind it have pointed to the growing number of users as an explanation for increased claims, and the fact that the vast majority of transactions on the service — more than ...
Sanchez-Rola said that many people assume Zelle is risk-free because they access it through a regulated bank, and because people they know and trust use it for everyday things. So when someone ...
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.
The Zelle service is intended for payments to those whom the payer already knows and trusts and the service disclaims any responsibility for goods and services sold through the system. [24] [25] Zelle uses ACH to settle the payments overnight, similar to direct deposit. [26] Zelle users can send money to other registered Zelle users.
Zelle instructs users in the process of making a payment to be sure to send money only to people they know and trust. It's good advice, and it addresses part of the threat posed by scammers.
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 ...
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 ...