Posted inBanking and Financial Institutions Cash App (Mobile App) Consumer Reports Content Type: Service Frauds and Swindling Mobile Commerce and Payments Personal Finances Privacy Regulation and Deregulation of Industry Venmo
Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.