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Chase Will Soon Block Zelle Payments To Sellers on Social Media

3 months ago
An anonymous reader shares a report: JPMorgan Chase Bank (Chase) will soon start blocking Zelle payments to social media contacts to combat a significant rise in online scams utilizing the service for fraud. Zelle is a highly popular digital payments network that allows users to transfer money quickly and securely between bank accounts. It is also integrated into the mobile apps of many banks in the United States, allowing for almost instant transfers without requiring cash or checks but lacking one crucial feature: purchase protection.

Read more of this story at Slashdot.

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The 'White Collar' Recession is Pummeling Office Workers

3 months ago
White-collar workers are facing their deepest hiring slump in a decade, with one in four U.S. job losses last year hitting professional workers, according to S&P Global. A 2024 Vanguard report shows hiring for employees earning over $96,000 has fallen to its lowest level since 2014. The downturn has been particularly severe for job seekers â" 40% of applicants failed to secure even a single interview in 2024, according to a survey of 2,000 respondents by the American Staffing Association and The Harris Poll. Technology and high interest rates appear to be driving the decline, with companies reassessing their workforce needs amid AI adoption and economic pressures. While hiring remains steady for those earning under $55,000 annually, the market continues to be especially challenging for mid-career professionals and higher earners.

Read more of this story at Slashdot.

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