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Payment App Risks: How Insufficient Consumer Protections Leave Users Vulnerable to Scams and Fraud
On today's podcast, we're exploring Zelle and why this seemingly simple app has stirred up quite a storm in the financial world. We’ll chat about how Zelle works, why it's so popular, and, most importantly, why it's leaving so many users high and dry when it comes to fraud protection. We'll also explore how other P2P platforms like Venmo and PayPal stack up in keeping your hard-earned cash safe.
We'll break down the findings of a recent Senate report that paints a less-than-pretty picture of Zelle’s consumer protections—or lack thereof. From shocking stats about unreimbursed scams to the…
The skinny
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