Remove Account Takeovers Remove CashApp Remove MFA
article thumbnail

Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

PYMNTS

Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016. Fraudsters wage schemes like ATOs or social engineering fraud against their users to harvest either stored funds or personal data.

Zelle 89