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August 3, 2020

Can you trust your mobile payment app?

  • With proper precautions, there are a lot of advantages to contactless payments.
    • By LIZ WESTON
    NerdWallet

    iStock image
    Many people assume their payment apps offer protections similar to those of credit or debit cards, but that may not be the case.

    Money transfer apps including Venmo, Cash App and PayPal have surged in popularity during the pandemic as people seek safe, contactless ways to send and receive money. Unfortunately, many people don't understand the limitations of these payment platforms or how they can put someone's finances at risk.


     
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