Zelle
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Blog
Chase will soon block Zelle payments to sellers on social media
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. Zelle is a highly popular digital payments network that allows users to transfer money quickly and securely between bank accounts. It is also integrated into the mobile apps of many banks in the…
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Blog
What are Zelle scams? (and how to avoid them)
Zelle scams are on the rise because convenience breeds popularity, and that popularity is an opportunity for scammers. To give you an idea of Zelle’s popularity, in 2023 alone, consumers and small businesses sent 2.9 billion transactions totaling 806 billion dollars—a scam goldmine. This post provides an overview of Zelle and how it works, a rundown of some of the…
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