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Chase Bank may block Zelle payments to social media contacts

Chase to Block Zelle Payments to Sellers on Social Media Amid Rising Scams

JPMorgan Chase Bank (Chase) is about to implement new restrictions on Zelle payments to combat a sharp increase in scams exploiting the digital payment service.

Bleeping Computer · 4d

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.

9to5Mac · 3d

Zelle scams lead Chase Bank to block payment to social media contacts

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments

tech · 2d

Chase to Block Zelle Payments to Social Media Accounts in Crackdown on Fraud

According to industry reports: Zelle scams accounted for millions in losses in recent years Social media-based fraud is one of the fastest-growing financial crime categories Victims often have little to no recourse, as Zelle transactions are final and difficult to dispute

American Banker3d

JPMorgan Chase plans Zelle restrictions due to scam risk

The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the ...

The Daily Hodl2d

JPMorgan Chase Launching New Zelle Restrictions After Chase, Bank of America and Wells Fargo Customers Lose $456,000,000 To Scams in One Year

JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the ...

9don MSN

Zelle payments top $1 trillion in 2024 as network's growth outpaces rivals including PayPal

Zelle said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped ...

American Banker9d

Zelle passes $1T in 2024, with a boost from small businesses

The bank-owned payments app saw the number of total transactions jump 24% compared with 2023. Small business transactions ...

Yahoo Finance10d

‘Taking stock’: BofA and JPMorgan execs weigh in on Trump 2.0

Bank of America is one of three banks, along with Early Warning Services, sued by the CFPB in December over the Zelle ...

14h

Studio 17: How to Spot and Avoid Social Media Scams

Scams on social media marketplaces are on the rise, with nearly half of reported fraud cases originating from these platforms, according to JPMorgan Chase. Financial ...

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