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Report: #1149747

Complaint Review: PopMoney - Select State/Province

  • Submitted:
  • Updated:
  • Reported By: MRMR — New York New York
  • Author Not Confirmed What's this?
  • Why?
  • PopMoney Select State/Province USA

PopMoney, CheckFree, ZashPay PopMoney enrolls you without your permission and attempts to send money without your permission Internet

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There is a new SCAM on the Internet, called PopMoney, promoted by a big company FiServ (CheckFree).  Thanks to the fact that they are not regulated by any govt agency (Govt does not have money to investigate complaints anyway), consumers are at the risk of losing money with PopMoney.

 

The way it works is: PopMoney made partnerships with a lot of banks. Most likely, even with your bank.  PopMoney will secretly enroll you in their service and attempt to send money out.  Of course, this is fraud. And, no, you cannot do anything about it.  This fraud is done by PopMoney, not your bank. So, FDIC insurance does not cover it.  Your bank is regulated and you can complain to authorities if your Bank does fraud. But, you cannot do anything about PopMoney.  Because PopMoney is from a multi-billion dollar corporation, because courts and govt agencies strongly back them, you as a consumer are SOL.  The only way to remedy this problem is to find a bank that PopMoney has not infected yet. Or, pursuade your bank to unregister you from PopMoney.

 

Again, DO NOT sign up for PopMoney. If they sign you up without your permission (which they do to initiate fraudulent money transfer in your name without your permission), try to get out of it.  Remember, PopMoney is not regulated, not insured and not subject to laws and regulations of this country. You cannot sue PopMoney because they're a multibillion corporation and protected by courts.

This report was posted on Ripoff Report on 05/26/2014 02:55 PM and is a permanent record located here: https://www.ripoffreport.com/reports/popmoney/select-stateprovince/popmoney-checkfree-zashpay-popmoney-enrolls-you-without-your-permission-and-attempts-to-1149747. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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