Digital Banking Scams and How to Protect your Money

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 20 May 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is brought to us in partnership with Zelle. When was the last time you used cash? Or even pulled out your wallet to pay for something? The pandemic has led to a higher adoption of payment apps and has only accelerated the growth in the industry. Cash may be King or Queen...but paper money is going the way of the dinosaur - fast. According to a new survey by Zelle, today more than 80% of consumers either use or plan to use P2P services – and nearly 1/5 (19%) of consumers began or plan to use P2P during the pandemic. You’re probably familiar with many of the P2P payments currently on the market including Zelle, the one that I use often. And while convenient, we need to be careful. Our guest is the COO of Zelle, Donna Turner and she'll walk us through the safe ways to use peer to peer payments, and we’ll touch on some of the unfortunate scams that have made the news, fraud cases that have victimized users...and how to avoid them or seek a resolution. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to us in partnership with Zell.
0:04.3	You're listening to So Money, with award-winning money guru,
0:07.4	Farnoosh Karabi.
0:08.8	Each day, in a 30-minute dose of financial inspiration
0:12.0	from the world's top business minds, authors, influencers,
0:15.6	and from Farnoosh yourself.
0:18.3	Looking for ways to save on gas or double your double coupons?
0:22.0	Sorry, you're in the wrong place.
0:24.0	Seeking profound ways to live a richer, have your life.
0:27.4	Welcome to So Money.
0:30.6	When was the last time you used cash or even pulled out your wallet
0:34.8	to pay for something?
0:36.1	The pandemic has led to a higher adoption of payment apps
0:39.1	and has only accelerated the growth in the industry.
0:42.4	Cash may be king or queen, but paper money is going the way
0:45.8	of the dinosaur fast.
0:48.1	According to a new survey by Zell, today more than 80% of consumers
0:51.9	either use or plan to use P2P services.
0:55.3	And nearly one out of five or 19% of consumers
0:58.6	began or plan to use P2P during the pandemic.
1:02.8	You're probably familiar with many of the P2P payments
1:05.1	currently on market, including Zell.
	...

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