PYMNTS
OCTOBER 16, 2020
Fighting these threats requires an equally wide range of defenses, says Jamie Armistead, Zelle vice president. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.
PYMNTS
OCTOBER 19, 2020
It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Armistead recently offered PYMNTS an inside look into the different techniques that fraudsters leverage as well as the initiatives Zelle undertakes to protect itself and its users. Leveraging AI To Fight Cybercrime.
FICO
NOVEMBER 7, 2022
Senator Elizabeth Warren, (D-MA) pointedly asked him about the number of fraudulent transactions Chase was seeing on the P2P payment platform Zelle. On one side, there are regulators concerned about the perceived growth of scam losses through popular P2P payments apps like Zelle, Venmo and CashApp.
FICO
APRIL 8, 2022
A New York Times story about people being tricked into sending money to fraudsters (known in the UK as authorized push payment [APP] fraud ) on Zelle was one of the top stories for several days running, reverberating across news outlets worldwide. P2P like Zelle, PayPal, Venmo, CashApp). Transaction type (e.g. Specific account.
FICO
NOVEMBER 30, 2022
By convincing individuals to send money through apps like Venmo, CashApp, Zelle and others, or adding a payee for traditional ACH transactions, fraudsters are perpetuating what is known in the financial industry as Authorized Push Payment (APP) fraud (in the UK) or authorized user fraud (in the US).
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