Top Five Venmo Security Problems – Does Your Digital Payment Service Have Them, Too?
* * * Today’s post is brought to you by yet another unannounced $6.99 sale on SD Amazon Instant Videos, featuring many Oscar winners and box office hits. Advertisers make it possible for Digital Media Mom to bring you great content each day for free, so thanks for your support. * * * Venmo is the hip new electronic payments service owned and operated by PayPal, which in turn is owned and operated by eBay. Venmo has been generating buzz and gaining in popularity ever since it launched, but the convenience of being able to use the Venmo mobile app to instantly transfer funds to pretty much anyone with an email address or phone number may not be worth the risks. Last July the California Department of Business Oversight ordered Venmo to address twenty different security and operational problems. Here are the top five that are of most concern to consumers. 1….