binki
New Member
We don't use any of these services. I am seeing a lot of news stories lately about Zelle but other payment apps like CashApp have the same problem. Be careful if you use these. The same is true if you have crypto wallets.
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Zelle scams keep popping up
- Thread starter binki
- Start date
Solventinkjet
DIY Printer Fixing Guide
Filling out the PCI compliance paperwork is one of the most frustrating things to do. And at the end of the day it does literally nothing to enhance security because there is no enforcement at all!
rjssigns
Active Member
Everyone wants their cut so they invented another way to take your money.
binki
New Member
Yeah, PCI is a waste of time for a small shop like ours. We don't store or keep credit card numbers and we use our merchant processor website for certification and also their equipment or website to process payments. We don't have a web store. Everything is done local and 99% of our orders are swiped cards.
Mr. Signboy
New Member
Zelle is extremely secure, this isn’t a weak spot on their end. Anyone who falls for a scam like this is a walking target anyway. It would be just as easy to gain access to anything they have using the same technique, all the scammer is doing is asking for your login info. If you don’t give it out, they dont get anything from you. Bottom line, don’t give out info over the phone, and you’ll be fine.
Retro Graphics
New Member
my day job is Cyber Security and this is absolutely spot on. that is the #1 cause of most "hacks" or compromises.,
An attorney friend of mine (i am a computer consultant) was explaining how he was "compromised"
He got a phone call from microsoft (?) and had to go to walgreens and purchase $2500 in visa gift cards and enter the codes into a website the gave him. REALLY? this is mot a stipid man NORMALLY
it amazes me, how long we can suspend our common sense
Think for a minute how long this must have taken. (25) $100 gift cards
Not a second thought or a misgiving for what had to be 20 minutes, at best
I know i am taking us off topic, up to a point, but how did we become so stupid/trusting?
We had another usually smart client talked into giving the routing number, acct. number and credentials to 3 accounts to setup payment for a phony microsoft scam
Texas_Signmaker
Very Active Signmaker
They have all kinds of scams. When I was in IT, it was common that the scammers would claim to have a video of the user jacking off while screen capturing their computer screen and threaten to email it to their contact list. Another scam was to plant child porn and extort for $. Or encrypt their files and hold for randsome.
One of my favorite female realtors called me, asking if she should pay, from one of these extortion schemes.
I asked het, you haven't been going to porno sites?
She said no, of course not, but her husband might
Texas_Signmaker
Very Active Signmaker
Zeele and payment apps are essentially wire transfers. Once the money is transferred, it's very difficult to get it back. The problem is when people get scammed and cry and blame Zelle.
On the flip side... If your account is hacked and Zelle was used to drain your account, they should be 100% responsible and need a law stating such
On the flip side... If your account is hacked and Zelle was used to drain your account, they should be 100% responsible and need a law stating such
Texas signmaker
It's like the difference between your card. Number being used as a credit card (all sorts of ways to reverse the transaction) and being used as a debit card (THE TRANSACTION IS CARVED IN STONE AND CAN NOT BE REVERSED, without jumping through all sorts of hoops)
It's like the difference between your card. Number being used as a credit card (all sorts of ways to reverse the transaction) and being used as a debit card (THE TRANSACTION IS CARVED IN STONE AND CAN NOT BE REVERSED, without jumping through all sorts of hoops)
binki
New Member
I didn't say it wasn't. There are, however, many problems with these cash apps. So much so my banks are sending me warning letters and when I go to their website I get a great big warning. That tells me there is a problem. The scams are not all asking for your login info, it is getting you to send money to the scammer when you think you are doing a legitimate purchase. The downside is these transactions are irreversable. That is what makes them susceptable to the scams more than credit card scams since all credit cards in the USA are protected from fraudulent transactions over $50 but as far as I know all credit card issuers cover 100% of fraud transactions.
caribmike
Retired with a Side Hustle
My shop doesn't accept any of those fancy new payment methods. I take VISA, MasterCard, Amex, Discover, cash and checks. Our government accounts pay by direct deposit ACH. Although I have a PayPal account, we don't offer this as a form of payment. Cash is of course, my favorite.
binki
New Member
Here is one of the stories and why we don't use these cash apps.
appleinsider.com
Fraud is being ignored on Zelle by its big banking founders | AppleInsider
Banks are ignoring the widespread problem of fraud on Zelle, a report claims, with the major financial institutions that founded the service seemingly not caring about issues with the payments platform.
appleinsider.com
binki
New Member
Bank of America sent an email today warning of scams with Zelle. They created the app along with Wells Fargo. Along with that are a few more news stories of scams. Typical, I over pay you with a check and ask you to transfer the money to me via a cash app. Red flags all over the place on that one.