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Zelle Scams

EPCOR's Did You Know video series covering payments changes and updates as well as helpful tips, tricks and things to keep in mind. Did you know... the popular peer-to-peer payment service Zelle has come under fire in Washington recently for incidents of fraud and scams that are purportedly increasing in number? With almost $500 billion in funds being sent via Zelle in 2021 and growing consumer demand for instant payment capabilities, this digital pot of currency is ripe for the picking. And fraudsters are refining several elicit techniques, siphoning some $440 million from consumers in 2021. As Zelle’s popularity grows and the battle between who is responsible for the lost funds wages on, let’s take a look at what consumers should be on the lookout for to lessen their chances of falling victim. ___________________ WEBSITE: https://www.epcor.org ___________________ FACEBOOK:   / epcoronline   ___________________ TWITTER:   / epcorpymntsnews   ___________________ LINKEDIN:   / epcorofficial