Zelle Scams: Take These 4 Steps to Protect Your Money From Fraud
Criminals are using the banking payment service Zelle to scam unsuspecting consumers.
Why it matters
Created by major banks, Zelle provides easy electronic payments but poses serious security risks.
Continuing fraud may hinder banks’ efforts to expand Zelle into retail payments.
Free 100 million people have access to the app via their bank accounts. While the service is simple and quick, its instant, irreversible…Zelle has become a mainstay for commercial banking customers — over