Mar 23, 2018
FTC Venmo not a Reliable payment Method and not Secure
FTC Venmo not a Reliable payment Method and not Secure
PayPal’s (NASDAQ: PYPL) peer-to-peer payment solution Venmo is neither secure nor a reliable payment method, the U.S. Federal Trade Commission (FTC) alleged. “Consumers suffered real harm when Venmo did not live up to the promises it made to users about the availability of their money,” Acting FTC Chairman Maureen K. Ohlhausen alleged in a press release. “The payment service also misled consumers…
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