Karl Tapales/Getty Images(NEW YORK) Manhattan District Attorney Alvin Bragg is raising red flags on what he calls a growing problem linked to the rise of mobile payment services such as Venmo, Zelle and Cash App.
And Bragg said he is looking forward to working with those companies to secure people s money.
Bragg told ABC News GMA3 Monday that there has been a large jump in crime surrounding mobile payment services, with users having huge sums of money taken out of their accounts without their permission or knowledge and even becoming victims of alleged hold-ups on the street.
"So right now, [with] two taps, if someone has your phone, they can have your life savings," Bragg said.
Last week the DA sent letters to Venmo, Zelle and Cash App in which he expressed his concern about the problem and cited several examples of users being victimized.
In the past year, there have been thefts stretching from Los Angeles, where several people were robbed of thousands of dollars th
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Manhattan DA pushes Venmo, Zelle, Cash App to crack down on fraud
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