USA Today Episodes Around October 5, 2022
See what was published immediately before and after this episode.
1:28Now PlayingUsing Zelle, Cash App and Venmo? Here's how to protect yourself. | USA TODAY
Oct 5, 2022·1.8K views
October 5, 2022
1,812
20
1
1.16%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
1:28Now PlayingMobile payment apps like Venmo, Zelle and PayPal are becoming more popular in today's tech world, but they're also becoming a target for scammers.
RELATED‘Cassie’ sets world record for fastest 100 meters by a bipedal robot
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
The report also found that the large banks that partly own Zelle have been reluctant to compensate customers who have been victims of fraud or scams. For instance, less than half of the money customers reported being sent via Zelle without authorization was being reimbursed.
Warren, D-Massachusetts, a long-time critic of the big banks, requested data on fraud and scams on Zelle from seven banks starting in April. The report cites data from four banks that tallied 192,878 cases worth collectively $213.8 million in 2021 and the first half of 2022 where a customer claimed they had been fraudulently tricked into making a payment. In only roughly 3,500 cases did those banks reimburse the customer, the report found.
» Subscribe to USA TODAY
» Watch more on this and other topics from USA TODAY
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.
#Money #Finance #Apps
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
