Technical Shortfalls Leading to Higher Fraud in P2P Payments — at Venmo and Others

© Can Stock Photo / Novic

2018 has been a challenging year for the peer-to-peer payment service Venmo, owned and operated by PayPal Holdings. While the year saw continued growth in transaction volume, and the launch of new services such as instant cashout (January) and a debit card (June), the year has also seen a significant uptick in fraud, from 0.25% ...Read More

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