Much like platforms such as Cash App and Venmo, the Zelle app lets you send and receive money using your mobile device. But ...

Zelle is used by many people to quickly and conveniently send money electronically from their credit card or bank account.

The Consumer Financial Protection Bureau said more than $870 million in Zelle-related fraud losses hit consumers at three big ...

which can involve money being withdrawn from their bank accounts via Zelle. Crooks didn't need to send their victims out to buy gift cards when they could get instant cash via a payment app ...