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Kiplinger
Kiplinger
Business
Jamie Feldman

THE TRUTH ABOUT: Manhattan da urges payment apps to improve security features - The Untold Story

Manhattan Alvin Bragg CFPB PayPal Apple NYC Venmo
Mobile payment app resembling PayPal, Venmo.

Following a growing number of incidents of fraud and theft in New York City involving payment apps Venmo, Zelle and Cash App, Manhattan District Attorney (DA) Alvin Bragg is calling on executives at these apps to increase customer security.

Bragg sent letters to the heads of those apps on January 22 and requested meetings with each of them, saying that the problem extends beyond NYC to the rest of the country.

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