Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns.
Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday.
KPRC 2 Investigates 3 things to check now if you are using payment apps
Sending and receiving money has never been easier. With companies like Venmo, Zelle, Cash App and Paypal, you can pay for just about anything online with the click of a few buttons. But how safe is your money when you use these apps?
Austin man sentenced to 5 years in prison for stealing from PayPal accounts in wire fraud scheme: DOJ
An Austin man was sentenced Wednesday to five years in prison, to be followed by three years of supervised release, for his conduct in connection with a scheme to buy 38,000 compromised PayPal account credentials from an illegal online marketplace, and then use those credentials to steal money from the rightful PayPal account owners, the U.S. Department of Justice announced.
Kamala Harris art, 'Daily Show' lead Anthem Awards finalists
An art installation inspired by Vice President Kamala Harris, The New York Times’ “The 1619 Project” and “The Daily Show with Trevor Noah,” as well as charitable programs from Airbnb, Google, PayPal and the National Football League, are among the finalists for the inaugural Anthem Awards announced Tuesday.
Here are 3 things you need to know about peer-to-peer payment apps
HOUSTON – Peer-to-peer payment apps make sending money to friends easy but if you’re not careful, a simple mistake could cause you to lose your hard-earned money. Despite the growing popularity of apps like Zelle, Venmo, and Cash App, most users never read the fine print or terms of service. If you accidentally pay the wrong person, most of the payment apps will not help get your money back. While your credit card offers fraud protection, allowing you to dispute charges, most payment apps do not. Read this story to find out how scammers can wipe out your bank account through these peer to peer payment apps.