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Brian Krebs, a journalist who specializes in online security issues, described how this Zelle scam works: The scammer sends you a text purportedly from your bank, asking if you'd just tried to ...
Zelle allows you to cancel a payment if the recipient isn’t enrolled with Zelle, but it may offer a reimbursement for money you sent to an imposter scammer, depending on the circumstances ...
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 ...
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 ...
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 ...
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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 ...