![Payment App (Person-to-person or P2P) Fraud Payment App (Person-to-person or P2P) Fraud](https://cdn.firstbranchcms.com/kcms-structure/e65bd2fc-0a3f-44f1-b01d-f0d40794c262/postImage.jpeg)
Payment App (Person-to-person or P2P) Fraud
06/22/2022
Fraud using payment apps continues in financial institutions across the country. Accountholders are scammed into providing their online banking usernames and passwords resulting in unauthorized EFTs (electronic fund transfers) from their account via P2P (peer-to-peer) or payment apps like Zelle, Apple Cash, Venmo, and others...
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