Horror stories of money-transfer apps have many people saying, for them, it's just not worth it. But as KSL-TV's Matt Gephardt reports, that may be the wrong move for both savings and security.
SALT LAKE CITY — Remember when check, cash or card were pretty much it for paying for stuff? Well, many older Americans do, and apparently fondly. Only, about 1 in 3 people ages 56 to 65 told payments firm Marqeta that they would be willing to leave their cash at home to use their smartphone to buy items.
"Even if they are able to get into your phone, there are still sometimes steps that need to be taken before they can use your credit card or other forms of payment that you have on that phone," he said. "There's a lot of technology that goes into those phones and a lot of steps and a lot of security."
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