Author Name
Suresh Yannamani
Date
Description
In 2018, Venmo suffered from a high volume of fraudulent transactions. Instead of taking measures to tightly control its data, the company responded by simply eliminating certain features. Only 2 percent of customers conducted transactions via the Venmo website, but the website accounted for 15 percent of net losses. Moving forward, the peer-to-peer payments company will only allow transfers via its mobile app.
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Publication Image
Website Url
https://readwrite.com/2019/01/24/to-prevent-fraud-healthcare-organizations-must-streamline-their-data-processes/