Payment Apps Venmo, Zelle, Cash App Vulnerable to Fraud: Consumers Seek Answers

Venmo, Zelle, and Cash App Under Fire for Leaving Consumers Vulnerable to Fraud

Fraudulent activities on payment apps like Venmo, Zelle, and Cash App have prompted Manhattan District Attorney Alvin Bragg to demand increased consumer protections from the companies. In a series of letters, Bragg highlighted the growing incidents of fraud and theft through these mobile financial applications, which have become popular platforms for peer-to-peer payments. As these services handle about $1 trillion in payments, frauds and scams have also risen, leading to significant financial losses for users.