The news: Chase will start to block more Zelle transactions that stem from social media marketplaces or messaging apps in order to protect consumers from scams, per The Verge.
- Starting March 23, Chase will “delay, decline, or block” payments using its discretion and may also request more information when consumers add a payment recipient to Zelle.
- Chase said Zelle was never intended to be used as a payment mechanism for buying things on social media. It’s designed to send money between trusted friends and family members.