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0 0 -0.00236294896030249 -0.000945179584120963 0.000472589792060565 0.000945179584120963 -0.00189035916824193 -0.00614366729678634
Stock impact report

What should you consider when using a money exchange app? [Yahoo! Finance]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Apps earn interest on user balances while paying nothing to customers. Different apps serve different needs — personal, business or international use. Peer-to-peer payment apps have become almost mandatory in modern life. Whether splitting dinner, paying rent or running a small business, apps like Venmo, Cash App and PayPal make moving money as easy as sending a text. But that convenience comes with considerations most users overlook. The Consumer Financial Protection Bureau (CFPB) recently warned that over 75 percent of U.S. adults now use payment or money exchange apps, but many don't realize their money may have fewer protections than a traditional bank account. Unlike banks, these apps can invest your stored balance without offering you interest or FDIC insurance. Most payment apps connect directly to your bank account or debit card. When you send money , the app acts as a digital middleman, pulling funds from your bank and delivering them to your recipient's app balance. Show less Read more
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