"Manhattan DA Urges Tougher Anti-Fraud Measures for Cash Apps"

Manhattan District Attorney Alvin Bragg is urging digital payment apps like Venmo, Zelle, and Cash App to enhance consumer protections due to a surge in financial app thefts in New York City. He has requested features such as secondary passwords, lower daily transfer limits, and enhanced monitoring to deter scammers and safeguard users' money. Bragg sent letters to the CEOs of these companies and emphasized the need for common-sense solutions to combat fraudulent schemes exploiting victims' digital payment apps. The companies, including Cash App, PayPal (owner of Venmo), and Early Warning Services (operator of Zelle), have expressed their commitment to building trust and ensuring the safety of their platforms.