From 2022 to 2023, Zelle cut the rate of scams by nearly 50% even as the volume of transactions grew 28%, resulting in less money scammed in 2023 than in 2022, said Ben Chance, the chief fraud ...

Zelle and the banks that own the popular payments platform are facing new scrutiny over scams on the trillion-dollar network.

According to CBS, the banks rejected a combined $560 million in scam disputes from 2021 to 2023. Cameron Fowler is the CEO of Early Warning Services, the company that owns Zelle.

Federal authorities are investigating how banks reimburse consumers who are scammed on Zelle. Lawmakers say the banks behind payment apps need to offer more protections. Zelle says it should fall ...

Consumers reported losing $210 million to fraudsters on payment apps and services in 2023 alone, 62% more than two years ago, according to federal data. Bank transfer or payment fraud losses ...

Consumers reported losing $210 million to fraudsters on payment apps and services in 2023 alone, 62% more than two years ago, according to federal data. New bill aims to protect Zelle scam victims ...

LA Times Today: Zelle scams prompt federal probe into whether banks are doing enough to protect customers Watch L.A. Times Today at 7 p.m. on Spectrum News 1 on Channel 1 or live stream on the ...

Lawmakers say reimbursements for Zelle users who disputed payments have decreased, and this week called for an investigation. Zelle says it's up to the police to stop scams Skip to main content ...

New York (CNN) — Americans instantly zip billions of dollars a day to each other on Zelle and other payment apps to do everything from pay the babysitter to split restaurant bills. The speed and ...

Zelle scams prompt federal probe into whether banks are doing enough to protect customers. Jon Healey, Los Angeles Times; Aug 8, 2024 Aug 8, 2024 Updated Aug 9, 2024; 0; Facebook; ...