Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Mobile Payment App Scams on the Rise, ComEd and Better Business Bureau Warn Utility Customers

Scammers used payment networks like Cash App, QuickPay, Venmo and Zelle to bilk families and businesses out of more than $27,000 in January 2022

The popularity of mobile payment apps like Cash App and Venmo is giving rise to incidents of scammers using these digital networks to bilk ComEd customers out of their hard-earned money. ComEd urges customers to be aware of these new scam attempts so they identify and avoid them.

Latest Aithority Insights: Semtech Announces LoRaWAN Integration For Smart Paddock’s Smart Cattle Tracking Solution

“That is why we offer a number of payment-assistance options, including flexible payment options, financial assistance and usage alerts for current bills.”

In January 2022, ComEd received more than 240 reports of scams from customers, a more than 150-percent increase from January 2021. Even worse, the amount of money reported lost to successful scams rose dramatically to more than $27,000 in January 2022, 20 times more than January 2021.

Scammers are contacting ComEd customers by phone, although some contacts can be made by text or email, demanding payment to a particular account under the threat of immediate service disconnection. The imposter will instruct the customer to use a mobile payment app, which often have higher transaction limits than pre-paid cash cards.

Browse The Complete News About AithorityISG to Publish Study On the Google Cloud Ecosystem

“The ease of using mobile pay apps has made the process of scamming customers more efficient for imposters,” said Melissa Washington, ComEd’s chief customer officer and senior vice president of customer operations. “As scammers alter their schemes, ComEd will be there to alert customers of the latest attempts to con them out of money and personal information.”

“Scammers keep adding new tools like payment apps to take advantage of unsuspecting victims,” said Steve J. Bernas, president and CEO of the Better Business Bureau serving Chicago and Northern Illinois. “Along with impersonating utility representatives, there are fake calls and emails from the IRS, Social Security, and other government officials demanding immediate payments. A lot of scams the BBB sees are based on unconventional payment methods. That is the tip-off to the rip-off. Never give out personal information or send money until you have contacted the company directly to check your account status.

Read More About Aithority News Orca Security Now Available in the Microsoft Azure Marketplace

[To share your insights with us, please write to]

Comments are closed.