While social media gives you the "free" service of keeping in touch with friends and family, it also is a place where the data you share can be harvested by advertisers and exploited by fraudsters. Social media platforms have produced certain alternative payment systems to transfer money freely online. From Facebook to Snapchat, companies continue to roll out features that seek to replace traditional methods of providing payment.

Fake accounts are common on social media, which can put anyone transferring money at risk of sending it to the wrong person. Scammers are all over social media creating accounts to impersonate other individuals. They catfish or "trick" users by pretending to be someone other than who they really are. In many instances, the scammer will request money be sent to them through the various social media payment systems.

Adams Bank & Trust offers mobile wallets such as Apple Pay, Google Pay, and Samsung Pay to make your purchases more secure.

Want to learn more about our mobile banking solutions? Click here.