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Payment App Risks: How Insufficient Consumer Protections Leave Users Vulnerable to Scams and Fraud

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Manage episode 431677007 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 surprising risks for younger users, we’re going to cover it all. Plus, we’ll discuss what you can do to protect yourself and whether Zelle is really the best choice for your money transfers. So grab your headphones and let’s get into it!

  continue reading

111 episodes

Artwork
iconShare
 
Manage episode 431677007 series 1090713
Content provided by Steve Rhode. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steve Rhode or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 surprising risks for younger users, we’re going to cover it all. Plus, we’ll discuss what you can do to protect yourself and whether Zelle is really the best choice for your money transfers. So grab your headphones and let’s get into it!

  continue reading

111 episodes

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