this post was submitted on 02 Sep 2025
621 points (98.4% liked)

People Twitter

8269 readers
2889 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician. Archive.is the best way.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works
621
Canadians with Interac E-Transfer like "What the fuck is wrong with you people" (lemmy.world)
submitted 4 weeks ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works
158 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] AtariDump@lemmy.world 10 points 4 weeks ago (2 children)

And Zelle is rife with fraud.

https://ag.ny.gov/press-release/2025/attorney-general-james-sues-company-behind-zelle-enabling-widespread-fraud

https://bankingjournal.aba.com/2025/09/north-carolina-federal-court-trims-zelle-fraud-class-action-against-bofa/

https://member.texasbankers.com/Magazine/Magazine/Features/2024-11/24-11-The-growing-concerns-of-Zelle-fraud.aspx

https://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-jpmorgan-chase-bank-of-america-and-wells-fargo-for-allowing-fraud-to-fester-on-zelle/

[–] jumping_redditor@sh.itjust.works 2 points 4 weeks ago (1 children)

actual fraud or people sending money to someone they should have known better than to send money too?

[–] jve@lemmy.world 3 points 3 weeks ago (1 children)

What’s actual fraud?

[–] jumping_redditor@sh.itjust.works 0 points 3 weeks ago (1 children)

a platform that let's someone's unique I'd change and then someone else use that same id

[–] jve@lemmy.world 2 points 3 weeks ago (1 children)

a platform that let's someone's unique I'd change and then someone else use that same id

Huh. Why would you think this would be either necessary or sufficient for “real fraud?”

[–] Peruvian_Skies@sh.itjust.works 1 points 3 weeks ago (1 children)

Because in any other scenario, the "fraud" can be attributed to user error? I'm not the guy you're replying to but that's what makes sense.

[–] jve@lemmy.world 1 points 3 weeks ago (1 children)

Can it ?

Is it user error to fall for a bait and switch?

Is it user error if have somebody steals your identity and wrecks your credit?

[–] Peruvian_Skies@sh.itjust.works 1 points 3 weeks ago

In the context of the platform used being responsible for the vulnerability, yes. If you fall for a bait and switch, you fell for it. Nobody else. And while identity theft doesn't always involve duping the persom whose identity you're stealing specifically, in the context of this conversation it's also due to user error.

[–] lmmarsano@lemmynsfw.com 1 points 3 weeks ago* (last edited 3 weeks ago)

Is it much better elsewhere with instant payments/transfers? The EU reports similar fraud issues with their instant payments systems.

In one of its latest reports, the European Banking Authority (EBA) has highlighted a surge in impersonation fraud and sophisticated online and social scams, often leveraging new payment methods such as instant payments.

With the EU, I only see instant payment regulations for enabling the payer to verify the payee

A Verification of Payee (VoP) service informs payers of any discrepancies between the payment account identifier given and the name of the intended payee. Payers will get a result (i.e. “match”, “close match”, “no match” or “other”) before initiating the payment, thereby mitigating the risk of fraud.

and screening of transactions for sanctions. Their payment services regulations

Zelle likewise provides payee name for verification, offers multifactor authentication, and treats payments as irrevocable, so I'm not sure what more to expect here that isn't pretty much the same elsewhere.