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Payments app Zelle begins refunds for imposter scams after Washington pressure

Economic Times · 1y

PayPal's peer-to-peer payments app, Zelle, has started providing refunds for scams involving imposters, following pressure from lawmakers. Imposter scams are a type of fraud where scammers pretend to be someone else to trick and deceive victims into sending them money. This move is expected to bring relief to users who have fallen victim to such scams and will likely strengthen consumer trust in Zelle as a secure digital payment platform.