Venmo

Features

Features

• Pay friends or family with a Venmo account using someone's name, username, phone number or email address.

• Venmo enables you to find friends automatically by syncing your phone contacts or Facebook friends.

• Use your Venmo account to make purchases in mobile apps and share your buying with friends. You can also check out to see what your friends are buying.

• Venmo helps you to keep track of what you bought, when and from where.

• After you pay with Venmo, you can split the bill with friends more easily.

• Venmo will keep your actual card and bank info stay secure by using data encryption

Safety concerns of Venmo

To protect users against unauthorized transactions, Venmo adopts bank-level security, data encryption and PIN codes set up by users for mobile application use. However, it happens when these security measures fail to protect users' account information, leaving users to suffer financial loss.

The most frequent complaints about Venmo is the company’s inability to email users when big changes have been made to their banking account information. In other words, hackers have the full freedom to change users’ passwords and transfer their money, yet users have no idea about all of this.