P2P Payment Scams Posing New Brand & Reputational Risks for Banks

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The popularity of the person-to-person (P2P) payment apps Zelle, Venmo and CashApp was bound to have a downside, and it has now surfaced for all to see. The scam artists and fraudsters have discovered that the convenience of these apps and widespread use even among older adults is a ripe opportunity.

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