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 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!