By Linda Childers
Long before the COVID-19 pandemic hit, cash payments and checks were becoming a distant memory.
This past year, many small businesses and individuals have continued to embrace such cashless payment solutions as Venmo and Zelle, allowing consumers to make payments by transferring funds electronically.
While Venmo, a financial platform owned by Paypal, lets consumers send and accept payments directly to friends and small businesses, Zelle gives the option to send money directly from one bank account to another.
“These types of payment systems don’t offer the same protection as your credit cards,” Scott Augenbaum, a retired FBI agent in Nashville, Tenn., told Digital Privacy News.
Continue reading “Zelle, Venmo Services Convenient But Raise Many Privacy Issues”