Thank you for attending the class on how to outsmart scammers on peer-to-peer (P2P) payment apps like Zelle and Venmo. This class provided valuable insights into common fraud schemes and essential safety tips to protect yourself from online fraud. Here’s a summary of the key points covered:

Key Takeaways and Next Steps

Common Scams

Phishing Scams: Scammers trick users into providing personal information by pretending to be a trusted entity.
Fake Payment Requests: Scammers request money under false pretenses, often using fake identities or stolen accounts.
Overpayment Scams: Scammers send a fake overpayment and request a refund of the excess amount.
Advance-Fee Scams: Scammers ask for payment upfront for goods or services that are never delivered.
Fraudulent Sellers/Buyers: Scammers pose as legitimate sellers or buyers but never complete the transaction honestly.

Safety Tips for Secure Transactions

Verify Recipient Information: Always double-check the recipient’s details before sending money.
Use Trusted Parties Only: Only send money to people you know and trust to avoid falling victim to scams.
Enable App Security Features: Use PINs, fingerprints, or facial recognition to secure your P2P payment apps.
Be Suspicious: Stay vigilant and skeptical of any unexpected requests or too-good-to-be-true offers.

Best Practices for Using Zelle, Venmo, and Other P2P Apps

Set Up Strong Passwords: Ensure your app and account passwords are strong and unique.
Monitor Account Activity Regularly: Keep an eye on your transaction history for any unauthorized activity.
Update App and Device Security: Regularly update your apps and devices to protect against security vulnerabilities.

Reporting and Handling Fraudulent Activities

Immediate Actions: If you suspect you’ve been scammed, contact the app’s support and your financial institution immediately.
File a Police Report: If necessary, report the scam to local law enforcement.