Seven banks, including Wells Fargo and Capital One, are launching a competitor to services like Apple Pay and PayPal later this year.
With new fintech comes new fraud.
The threshold used to be much higher.
It can feel safer to send money with a mobile peer-to-peer app. Usage is expected to keep growing after the economy recovers.
Venmo and Zelle look like they should be competitors. But the two payment apps serve very different audiences.