I was balancing my checking account today and noticed two $500 deductions from my checking account via my debit/credit card. Each transaction started with Zel*and then a person’s name.

I try to never use this card online, but I think I may have a time or two. I do use it in stores, but use it as credit and do not enter a pin. I called my bank and these are transactions where someone transferred money from my account to someone using the Zelle App and my credit card.

My bank shut down my card and gave me my $1K back, but of course the crook still has their $1K. This crap pisses me off and I don’t understand how they can do it with just a credit card number. True or not, my bank told me they can do this stuff with even just the last four digits of a credit card. I don’t see how that is true when you have to enter full card number, expiration date, and security code to place an order.

I really hate thieves!

Zelle is an on-line way to transfer money from one person to another. It's similar to PayPal except a metric shit ton of big and small brick & mortar banks are part of it. I've used it because my bank was one of the original banks in it, and everything is done on my bank's app or web site (i.e. I don't do anything through zelle, only my bank does).

If someone's bank isn't listed, they can enroll with the zelle app and a debit card. In other words, it sounds like your debit card is how they got your money not your credit card.

Not sure how it works on a PC, but on mobile devices, you have to log in and setup an account with your email/phone number through your banking app.

I use it to send money to my daughter all the time.

Strange how they were able to do it as I have never used the app and my bank is not listed as a bank with them.

Sounds like it came from someone at the bank pilfering accounts.

I get zelle payments from a customer and it seems pretty solid.

The problem isn’t Zelle- they are a victim as are you. Someone got your account info and then used it fraudulently with Zelle as the processor.

quote:

Originally posted by 911Boss:
The problem isn’t Zelle- they are a victim as are you. Someone got your account info and then used it fraudulently with Zelle as the processor.

Think about this: every time you give somebody a paper check, the bank's routing number and your account number are right there, on the bottom of the check.

If that check happens to pass through the hands of the wrong person, s/he now has the information that identifies your account.

I have check printing software, commonly available for less than a hundred bucks. I buy blank check stock and I print a small number of checks with the "boiler plate" information for my account, as I need the checks.

Think about what I could do, if I were a bad person, and you had paid me for something with a check, or I had otherwise been able to get my hands on one of your checks. Maybe by raiding your mailbox for outgoing mail, where you might have written a check to pay your electric bill, or whatever.

This is why I use 2 factor authentication on all my online financial apps.

quote:

Originally posted by ChicagoSigMan:
This is why I use 2 factor authentication on all my online financial apps.

Starting to do this more and more; drives my wife crazy but if it keeps the bad guys out, so be it.