Payment apps may pose a coronavirus scam risk, according to AARP

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Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans.

Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults.

These programs — other examples include Zelle, Square, Apple Pay and Google Pay — allow for a convenient way to transact. But they also pose a fraud threat due to the difficulty of recovering funds sent via the platforms, according to AARP.

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Traditional Bank apps surge but Challenger bank app downloads slump

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New research from Nucoro reveals that between 14th March and 14th April, because of the COVID-19 lockdown, around 12% of the adult population in the UK – some 6 million people – downloaded their bank apps for the first time.  Some 21% of those aged 35 – 34 did this, as did just over 5% of people aged 55 or more.

The research estimates that between 14th March and 14th April, around 200,000 people downloaded their bank’s app for the first time every day.

The rate of new downloads is now slowing down. One in three (33%) of these new

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Mike Bloomberg is developing mobile apps to help New York state trace coronavirus cases

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Former New York City Mayor Michael Bloomberg is developing three smartphone apps to help New York state trace every person who comes into contact with someone infected with Covid-19 cases to help control the spread of the virus. 

Contact tracing requires scores of people to interview coronavirus patients and track down all of their contacts over the past 14 days so those people can be notified, tested and quarantined. 

The team, led by Bloomberg, is partnering with the health-care nonprofit Vital Strategies to develop the three new smartphone apps. The first app will help contact tracers find information and data

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