If you’ve been a victim of @Zelle, reach out to me.
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On March 5,
@NuvisionFCU featured a blog post about a sophisticated & effective#Zelle#scam using#fraud techniques known as#pretexting,#vishing & SMS#SocialEngineering. https://nuvisionfederal.com/blog/blog-post/memberresources/2018/03/06/zelle-and-other-payment-services-are-target-of-scams …Thanks. Twitter will use this to make your timeline better. UndoUndo
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@BrianKemm did you get your money back from@BankofAmerica? -
No. They never reached out to me.
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Very glad Times took this on. A few more details herehttps://bobsullivan.net/cybercrime/p2p-bank-app-zelle-soars-in-popularity-with-criminals-and-without-fraud-protections/ …
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This is why I never thought Bitcoin had a chance as a way to buy things: 100% of onus is on buyer. That’s a feature for retailers and banks.
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It's odd, payments innovators keep making the same mistake.
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It’s like they think consumers live to be taken
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Yet the latest in a string of examples globally that all players in the ecosystem - banks and fintechs alike - must work collaboratively to protect and serve the consumer.
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This is disturbing but no reason to end these kinds of payments. Banks need to take care to monitor users' payment behaviors to catch anomalies. It's hard - but can be done.
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Thank god for Zelle. Without it a bank transfer will take days. Tried to received a payment from a family member that has TD bank and they don’t have zelle it took 3 days .3 freaking days in what century are they on?
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Good article.
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Weakness of attitude becomes weakness of character.
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Yes always bad actors threatening the corrupt system.
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