Hartford, CT) — Attorney General William Tong is urging consumers to be vigilant when using “peer to peer” apps like CashApp, Venmo, PayPal and Zelle to avoid losing money, giving out valuable personal information, or being victimized by scammers. Like any product, consumers must make informed decisions with regard to use of financial technology products including the “peer to peer” applications for smart phones, otherwise known as “prepaid accounts” or “P2P account.” P2P Apps have become increasingly popular through companies like Venmo, Zelle, Cash App, and PayPal. While these apps can be used safely, it is important to make sure you understand the app’s terms of use and are careful about who you are sending funds to. Consumers should carefully consider…
Read More