Mobile Payment App Scams on the Rise, ComEd and BBB Warn Utility Customers

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

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. 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.

Tips to Help Identify Scams

ComEd will never call or come to a customer’s home or business to:

• Ask for direct payment with a prepaid cash card, cryptocurrency such as Bitcoin, or third-party payment app like Cash App, QuickPay, Venmo or Zelle.

• Demand immediate payment.

• Ask for a ComEd account number or other personal information, such as a Social Security number, driver’s license number or bank information.

To identify an actual ComEd employee or communication, remember:

• All ComEd field employees wear a uniform with the ComEd logo and visibly display a company ID badge with the logo and employee’s name. ComEd recently changed its logo, so you may continue to see the former ComEd logo on uniforms, badges and vehicles until it is phased out.

• Check the name on email or websites and make sure they match the name and address of the company you do business with. Look for misspellings or slight alterations.

• Make a call to verify the suspected email or website is from a trusted source. Use a phone number from your personal business records or the company’s official website and not the number provided in the email.

ComEd urges anyone who believes they have been a target or victim of a scam to call ComEd at 1-800-EDISON-1 (1-800-334-7661). To learn more visit ComEd.com/ScamAlert.

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