New Zelle restrictions roll out at JPMorgan Chase, Wells Fargo rejects a customer’s $60,000 plea for assistance, and a Bank of America customer battles an erroneous report of his demise.

JPMorgan Chase Rolls Out Zelle Restrictions

JPMorgan Chase has officially launched new payment restrictions designed to stop fraud on the peer-to-peer payments platform Zelle.

The bank says moving forward, it may at its discretion block any payment that appears to stem from social media contacts, online marketplaces and social media messaging apps, noting Zelle is designed for payments between friends, family and trusted associates.

Chase also says payments on Zelle are not covered by the firm’s purchase protection policy.

Wells Fargo Refuses To Reimburse $60,000 Theft

Banking giant Wells Fargo is reportedly refusing to cover the losses of a charitable organization that fell victim to a bank impostor scam.

The Struggle of Love Foundation, a Colorado nonprofit, lost $60,000 to a scammer posing as a Wells Fargo employee after its executive director received a fraudulent message about unauthorized account activity and was tricked into transferring funds to a new account.

According to CBS News, the group realized the deception after the money was gone and the scammer ceased communication, triggering failed attempts to recover the funds through the bank and the police.

Wells Fargo says it’s denying the claim because the organization actively participated in the transaction.

Bank of America Customer Battles Fatal Error

A Bank of America customer says he’s still dealing with the fallout after the government abruptly declared his demise.

Eighty-two year-old Ned Johnson has been mistakenly declared dead by Social Security, causing his benefits to be halted and leaving him entangled in a bureaucratic mess for over two months, reports ABC News.

Ned says BofA sent a condolence letter to his wife in February and began deducting Social Security benefits from his checking account as requested by the SSA.

“My advice would be, watch your bank account and be prepared to – if you get tagged with one of these issues – it’s going to take some time.

And you just have to be patient and persistent if you expect to get anywhere.”

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Big Time Studios has announced that the Player vs. Player (PvP) mode for its flagship Web3 game, Big Time, will launch on December 2. The update follows a successful Preseason phase and aims to deliver a new competitive experience for players.

Big Time: A Free-to-Play ARPG

Big Time is a free-to-play multiplayer action role-playing game (ARPG) with fast combat and exploration across multiple eras. Developed by Big Time Studios, the game is built on blockchain so you can collect, trade and own in-game items.

The game also features a player-driven economy where players can craft and upgrade items like weapons and armor, which can then be traded within the game. This economy operates using $BIGTIME tokens, which players earn through gameplay and use for in-game transactions.

What PvP Mode Brings to Big Time

The Preseason of Big Time was a big success. 310,000+ players participated, $443 million in marketplace activity and nearly 2 million digital collectibles sold.

These milestones reflect the game’s growing player base and its ability to combine engaging gameplay with blockchain functionality.

PvP mode introduces Player vs. Environment vs. Player (PvEvP) battles where teams compete to complete objectives, defeat enemies and earn $BIGTIME tokens. Matches will last 30-45 minutes and require strategy and adaptability.

Players will enter the PvP experience in Epoch City and access the central portal to the Broken Clock Hall PvP lobby. They will register their teams, pay an entrance fee in $BIGTIME tokens, and then face challenges.

Success in PvP mode depends on teamwork and preparation. Players can select roles using Pocket Watches, which grant specialized abilities, and allocate skill points to optimize their strategies. Matches end in the central arena, where teams will face off against other teams and guardians to win.

The mode aims to provide a competitive edge to the game while maintaining the accessible, fast-paced experience that has made Big Time successful.

Source Big Time

Expanding the Blockchain Gaming Ecosystem

Big Time Studios has developed the Open Loot platform, providing developers with tools to create engaging games and offering players access to exclusive NFTs, in-game perks, and tradable items.

Big Time earn the Best RPG award at the Gam3 Awards and the launch of PvP mode should enhance the game’s appeal further. As the December 2 release date approaches, anticipation is building among players eager to explore this new competitive feature in Big Time’s expanding universe.

Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.