Latest Federal Deposit Insurance Corporation News

Kimberly Palmer: What college students need to know about payment apps

Apr. 08, 2024 07:02 AM EDT

For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend. As a result, payment apps can contribute...