The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the ...

JPMorgan Chase is making major changes to the way its customers can use the payments service Zelle. Starting next month, the ...

JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in ...

JPMorgan Chase Bank (Chase) is about to implement new restrictions on Zelle payments to combat a sharp increase in scams ...

One of America’s biggest banks is making big changes after customers lost hundreds of millions of dollars in scams utilising the peer-to-peer payment system Zelle. From March JP Morgan Chase ...

A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments ...

The bank-owned payments app saw the number of total transactions jump 24% compared with 2023. Small business transactions ...

According to industry reports: Zelle scams accounted for millions in losses in recent years Social media-based fraud is one of the fastest-growing financial crime categories Victims often have little ...

Rather than support financial firms through enforcement resources, the CFPB under Chopra chose to demonize American banks and technology companies as responsible for the mistakes of consumers.

UPDATE: This article includes comments from Zelle. JPMorgan Chase is taking new steps to curb payments made to scammers on peer-to-peer payments platform Zelle. Starting March 23, 2025 ...