Senate Democrats assert pressure on PayPal, Venmo, and Cash App to address fraud concerns
Senate Democrats have called on PayPal and Cash App to enhance user protection measures on their peer-to-peer payment apps in order to combat fraud. Senators Sherrod Brown, Elizabeth Warren, Jack Reed, and Bob Menendez have specifically requested detailed information on fraud detection and prevention methods from Venmo, owned by PayPal, and Cash App, owned by …