Zelle 2023: How NOT to Get Scammed

Are you aware of the newest ways crooks have found to exploit folks using Zelle? It boggles the mind. The innovative way criminals continue to exploit all sorts of payment mechanisms continues to astound me. Once again, I’m joined by Lynn Larson of Recharged Education, our go-to source for the latest Zelle scams. She’s here with an update. Make sure you stick around until the end, when she shares tips on how you can protect yourself against this latest atrocity. So, without further ado, let’s dive right in.

 

As Zelle accounts become more popular, crooks looking to get their hands on your money are getting more innovative and creative. In this episode we discuss yet another innovation criminals are using to defraud ordinary citizens of their hard-earned money. They are doing this using Zelle.

 

Zelle payments or payments made using the Zelle app are sometimes referred to as Instant Payments or Real Time payments. Although many sign up for Zelle through their bank, the bank does not have ultimate responsibility for these accounts. This has led to a lot of heartache and complaints when there was a fraud or scam perpetrated using a Zelle account.

 

Don’t let the Zelle dream turn into a Zelle nightmare, because you fell for one of the many Zelle scams. In this episode we review a number of ways crooks are scamming ordinary citizens who just happen to be Zelle users. This handy payment app makes it easy to transfer money from person to person simply by using an app on your phone. But without the proper care and controls, the app can become a nightmare. We take a look at some safety precautions every Zelle user should take to ensure they don’t get Zelle scammed. Stick around until the end when we share an often-overlooked Zelle safety precaution.

 

Accounts payable and accounting require the use of both accounts payable best practices and strong account payable internal controls. For the accounts payable process to work well, best practices for AP should be used.

Listen to Lynn Larson’s longer explanation of Zelle Frauds
https://youtu.be/L02mUitjsKc

Listen to all our Zelle talks
https://youtube.com/playlist?list=PLtL6rWSXZ-HfUUlK4BpKlaQSFWAXb8nMQ

Listen to all our Fraud Protection talks
https://youtube.com/playlist?list=PLtL6rWSXZ-HdDoB6BEeJK01jA0KOxq23F

Guest: Lynn Larson (recharged-education.com)

Host: Mary Schaeffer (www.ap-now.com)