Monday, October 12, 2020

As Americans flock to payments apps from PayPal, Square, and Zelle, rates of fraud are also rising according to app reviews, often with little support (Nathaniel Popper/New York Times)

Nathaniel Popper / New York Times:
As Americans flock to payments apps from PayPal, Square, and Zelle, rates of fraud are also rising according to app reviews, often with little support  —  People are getting defrauded as they turn to Square's Cash App and PayPal's Venmo to do more online banking in the pandemic.



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

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