Scammers are using the Zelle payment app and others like it to con people out of money. Here’s how it works. A text message scam using the Zelle name claims a payment of $1,000 is on hold. There’s a link to click on to cancel the payment.Victims who clicked the link have reported several different scams, including phone calls that claim to be coming from their bank along with the theft of bank account numbers and money.Protect yourself by ignoring any messages from unknown numbers claiming to be from Zelle or other payment apps.If you have the slightest doubt, contact your bank directly about the payments.Zelle is available to more than 100 million banking customers throughout the 1,500 banks and credit unions that have signed onto it.The scams related to it have gotten the attention of lawmakers in Washington, D.C. At least half a dozen U.S. senators have joined together to urge the Consumer Financial Protection Bureau to update its regulatory guidance on Zelle and require banks to pay back victims of fraud. That change, if it happens, may be months away. Watch the video above for the full stroy.
Scammers are using the Zelle payment app and others like it to con people out of money. Here’s how it works.
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A text message scam using the Zelle name claims a payment of $1,000 is on hold.
There’s a link to click on to cancel the payment.
Victims who clicked the link have reported several different scams, including phone calls that claim to be coming from their bank along with the theft of bank account numbers and money.
Protect yourself by ignoring any messages from unknown numbers claiming to be from Zelle or other payment apps.
If you have the slightest doubt, contact your bank directly about the payments.
Zelle is available to more than 100 million banking customers throughout the 1,500 banks and credit unions that have signed onto it.
The scams related to it have gotten the attention of lawmakers in Washington, D.C. At least half a dozen U.S. senators have joined together to urge the Consumer Financial Protection Bureau to update its regulatory guidance on Zelle and require banks to pay back victims of fraud. That change, if it happens, may be months away.
Watch the video above for the full stroy.
