Is it safe to store money in apps like Venmo, PayPal, and Cash App?

2024-04-25 01:36 PM by Alex Mitchell

Mobile payment apps such as Venmo, PayPal, and Cash App have grown in popularity in recent years. More than three-quarters of Americans have used these types of apps to send or receive money from individuals. Yet despite the convenience and growing use of P2P apps, there are risks you should be aware of as well. …

Payment apps warning: Venmo, Zelle, Cash App leave consumers vulnerable to fraud, Manhattan District Attorney Alvin Bragg says

2024-01-24 07:33 AM by Alex Mitchell

NEW YORK CITY — Venmo, Zelle and Cash App are leaving consumers vulnerable to fraud that’s “draining bank accounts of significant sums of money,” Manhattan District Attorney Alvin Bragg said in letters to the companies that own those financial apps. He demanded they increase protections. Bragg’s letters said he was writing “in response to a …