Peer to peer payment apps
Safety tips for using peer-to-peer (P2P) payment apps
Peer-to-peer (P2P) payment apps have transformed the way we transfer money, making it quick and convenient to send funds to friends, family and those you trust.
While these apps are an easy and convenient means to pay someone, they are not the safest way to purchase services or items from strangers and may limit dispute resolution after a bad outcome. Here are some great safety tips to keep in mind while using any cash app:
- Only send money to people you know and trust. With many of the apps, it is difficult to cancel a payment once you have sent it.
- Double-check your recipient's phone number and email. If you accidentally send it to the wrong place, you likely will not get it back.
- Treat these cash apps like cash. Once you authorize a payment to someone, it's quickly in their hands.
- Be cautious of deceptive payment schemes. An offer that sounds too good to be true probably is.
There has been an increase in fraud targeting mortgage closing companies and consumers near the closing date of their dream property.
Making your password more complex will keep you safer online (though much more can still be done).
10 things you can do to ensure the online safety and security of your account.
Socially engineered schemes often rely on methods that financial institutions would never employ.
Using anti-virus software and keeping it up-to-date is the best protection against these threats.
Installing a personal firewall is essential to safeguard your computer and valuable personal information.
As consumers become more educated about fraud and identity theft, online criminals are moving to other places to launch their scams.
To verify a website is genuine, double click the lock to display the website's security certificate. If the name on the certificate and the name of the website in the address bar do not match, the website may be phony.
Guard your privacy and limit the amount of personal information you share online.
In order to help ensure that you and your information stay safe, check your online account statements frequently.
So that we may notify you as quickly as possible, it is important that Eglin FCU has your cell phone number and accurate email address.
Smartphones give us a lot of freedom and make our lives more efficient, but they also present their own set of challenges when it comes to data security.
We are committed to taking reasonable steps to protect the security of our member's financial information in all areas of our operations.