It's the latest lawsuit abandoned by the Consumer Financial Protection Bureau since Trump appointees have taken over at the ...

Chase said that Zelle was intended as a method of transferring money to family, friends, and other trusted contacts, and should never be used to make online purchases … Peer-to-peer payment apps ...

Sign up for the Marketplace newsletter to get the day’s biggest business stories, our economic analysis, and explainers to help you live smarter, straight to your ...

Peer-to-peer payments are a fast-growing way for consumers to pay bills and exchange funds. And the horserace for market leadership in that field has a new leader. In 2024, Zelle topped $1 ...

If Chase suspects you may be trying to use Zelle over social media, the company may block or delay the payment while it verifies your identity and the person sending or receiving money.

Chase may further decline payments or restrict user's use of Zelle if they do not respond truthfully to inquiries about the payment. Nearly 50% of scams reported to JPMorgan by its customers originate ...

Transaction volume increased 25%, and dollar volume 26%, last year compared to 2023. Zelle has become more popular than checks as a payment method, with Zelle transactions nearly triple the number of ...

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 ...

Last year's payment volumes were "by far the most money ever moved by a P2P payments service in a single year," Denise Leonhard, general manager of Zelle, told CNBC. Its growth rate last year ...

Nearly one in four Zelle spenders—roughly 23 million people—sent a payment to a small business in the last three months of 2024. Peer-to-peer payments are a fast-growing way for consumers to ...

If you are sending a Zelle payment from your Chase account that is identified as originating from contact through social media, we may, in our discretion delay, decline or block that payment.” ...