#zelle

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#fraud #scams #consumer-protection #early-warning-services #lawsuit #stablecoins #cross-border-payments
fromwww.mercurynews.com
1 week ago

Zelle plans to expand bank-owned payments network to outside US

Zelle, the bank-owned service that facilitates consumer money movement, said it plans to expand its services internationally. Zelle will rely on stablecoins to enable cross-border money movement, according to a statement Friday from Early Warning Services LLC, Zelle's parent company. All Zelle network banks will have the option to provide the service, according to the statement. Financial-technology firms such as Wise Plc have long operated in the cross-border money-movement space, but the banks' scale gives them an advantage in the crowded market.
Tech industry
Information security
fromSlate Magazine
2 weeks ago

I Got a Fraud Alert Text From My Bank, Then a Phone Call. I Can't Forgive Myself for What Happened Next.

Even financially responsible people can fall for convincing bank-impersonation scams; banks may initially miss fraud, recovery can take months, and victims should avoid self-blame.
Business
fromTearsheet
1 month ago

Payments are the new OS for SMBs: How every business decision can trace back to a payment flow - Tearsheet

SMB cash flow has become central to decision-making as digital payment ownership shapes SMB infrastructure and strategy.
Information security
fromMail Online
2 months ago

Terrifying phone calls claim your loved ones are being held hostage

Scammers use phone-number spoofing to impersonate loved ones and extort ransom payments, exploiting realistic calls to pressure victims, often targeting the elderly.
Law
fromDataBreaches.Net
2 months ago

Attorney General James Sues Company Behind Zelle for Enabling Widespread Fraud - DataBreaches.Net

EWS designed and operated Zelle without critical safety features, enabling scammers to steal over $1 billion from users between 2017 and 2023.
#fraud
fromFortune
2 months ago
US politics

New York sues Zelle after Trump's CFBC drops similar case: 'No one should be left to fend for themselves after falling victim to a scam'

fromFortune
2 months ago
US politics

New York sues Zelle after Trump's CFBC drops similar case: 'No one should be left to fend for themselves after falling victim to a scam'

more#fraud
E-Commerce
fromTearsheet
3 months ago

The Quarterly Review: How Zelle's GM Denise Leonhard scaled beyond $1 trillion through customer growth and 2,300+ financial institution partnerships - Tearsheet

Zelle has surpassed $1 trillion in transaction volume through strategic expansion and improvements in product reliability and user experience.
Marketing tech
fromNew York Post
5 months ago

Mark Zuckerberg's Meta refuses to crack down on rampant scams from bogus ads to avoid losing revenue: report

Meta prioritized ad revenue over tackling fraud, leading to thousands of fake ads on its platforms.
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