How to Deal With Fraud on a Payment App
posted Tuesday, November 16, 2021
Whether it's Venmo, PayPal or Apple Pay, peer-to-peer payment apps have quickly risen in popularity over the last few years. While they create convenience for consumers, they also create a new target for fraudsters. And because payment apps do not have the same consumer protection as bank accounts, such as FDIC insurance, money stolen through a payment app cannot be recovered.