ZELLE

In hopes of addressing a financial literacy deficit by working directly with young adults, the Detroit Pistons have partnered with Zelle to offer educational resources to encourage smart and safe banking practices and investing.

Canton Township police are warning residents about a new phone scam where the caller pretends to be one of their police officers. On Monday (March 1), a resident called to report the exchange after handing over more than $12,000.

Using Venmo, PayPal and Cash App to accept payments for your small business? Here’s what the new tax law says.

A new IRS rule set to go into effect in 2022, will impact businesses that use cash apps like Venmo, Zelle, and PayPal, as various news outlets are reporting. An ABC Action News report said the new rule allows the IRS to take a closer look at cash app business transactions of $600 or more. The change will mostly affect businesses that receive payment through one of the cash apps. Johan further recommends setting up a separate account for business transactions, according to ABC Action News. Those who fall into the $600 or more cash apps business transaction threshold, will receive a Form 1099-K, Action News noted.

It’s easier than ever to digitally send and receive money right from your smartphone -- the trouble is, scammers know this, too.

Thursday at 6:30 a.m. on Local 4 News Today

There’s been a rise in complaints about mobile payment apps and digital wallets as more Americans go cashless. Here’s what consumers need to know.

The nonprofit U.S. Public Interest Research Group [PIRG] says top issues include scams, trouble using accounts and poor customer service.

The nonprofit U.S. Public Interest Research Group [PIRG] says top issues include scams, trouble using accounts and poor customer service.

The BBB is warning people should only the P2P apps to send money to people they know. And always double check the profile of the person you are sending money too before actually hitting the second button. Duquesnel also recommends knowing how your bank would handle a mistake or a problem sending or receiving money through a P2P app. If you send money by mistake it is unlikely you will get the money back, and unfortunately scam artists know that as well. “We are seeing an increase in scams being perpetrated through a P2P app.

The following is among recent reports made to the Monroe County Sheriff's Office. The following is among recent reports made to the Monroe County Sheriff's Office. A Frenchtown Township resident fell prey to an internet scam as she sought to purchase a puppy. When the woman contacted the seller, she was told the money would have to be transferred using Zelle, a money transfer app used on smartphones, prior to the purchase, according to sheriff's deputies. The message indicated the money would be refunded when the woman received the dog.