CHASE WILL SOON BLOCK ZELLE PAYMENTS TO SELLERS ON SOCIAL MEDIA

Summary from the TLDR InfoSec newsletter

Chase has announced that they will begin to delay, decline, or block Zelle payments to contacts that likely originated from social media contacts. When payments are set up, Chase may request additional information such as the purpose of the payment to make this decision. This move is likely prompted by the CFPB lawsuit against Zelle as well as fraud statistics from Chase.