Chase Bank may block Zelle payments to social media contacts

Chase Bank may block Zelle payments to social media contacts as scams surge
Scams on Zelle, the digital payments app, have apparently gotten so widespread that Chase Bank is moving to block users from sending payments to social media contacts. Chase updated its user policy, indicating it may block these sorts of payments.
Chase to Block Zelle Payments From Social Media Apps
"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," according to a revised Zelle service agreement first spotted by BleepingComputer.
Chase To Block Zelle Social Media Transactions To Combat Fraudulent Payments
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Chase and Zelle, accusing the companies of failing "to protect consumers from widespread fraud."
Chase will start blocking Zelle payments over social media
Chase Bank is going to make it harder to use Zelle for transactions stemming from social media. In an update to its policy on Zelle, Chase says it may “decline or block” payments related to purchases from social media marketplaces or messaging apps, as spotted earlier by Bleeping Computer.
Zelle scams lead Chase Bank to block payment to social media contacts
A high rate of Zelle scams originating from social media contacts has led JPMorgan Chase Bank to block payments
Chase will soon block Zelle payments to sellers on social media
JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud.
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