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Payment Apps & Protection Gaps

Banking

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Click on the Kahoot icon below to begin the quiz.

Alternatively, you can use this Edpuzzle.

PAYMENT APPS & PROTECTION GAPS | DECEMBER 1, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

PAYMENT APPS & PROTECTION GAPS | DECEMBER 1, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Do you choose to leave money in apps like Venmo, Cash App or Paypal? Why or why not?

PAYMENT APPS & PROTECTION GAPS | DECEMBER 1, 2023 EDITION | NEXT GEN PERSONAL FINANCE

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PAYMENT APPS & PROTECTION GAPS | DECEMBER 1, 2023 EDITION | NEXT GEN PERSONAL FINANCE

Extend Your Learning

Relevant Resources from NGPF:

  • Match the percent with the correct item below: 8%, 50%, 75% (Question of the Day)
  • PROJECT: Online Tools & Apps (Project)
  • READ: Explore Person-to-Person Payments (Activity)

References:

  • The Risks of Storing Money in Apps Like Venmo and Cash App (NY Times)
  • Consumer advisory: Your money is at greater risk when you hold it in a payment app,

instead of moving it to an account with deposit insurance (CFPB)

  • Cash App Vs. Venmo (Forbes)
  • Venmo, Cash App, and Zelle: Are Mobile Payment Apps Safe to Use? (Spero)