More and more people are using payment apps to send and receive money.

If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year.

Just as technological shifts created the cashless society, further advances are now helping charitable groups and advocates for the unhoused reach those most in danger of being left behind.

Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance.

Venmo will officially allow teenagers to open an account with their parents' permission, the company said Monday, expanding the popular social payments app to a demographic that is likely to embrace it almost immediately.

If you receive payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change next year.

More than 18 million people in the last year were scammed using apps, like Zelle or Cash App, to send money virtually.

It’s easier than ever to digitally send and receive money right from your smartphone -- the trouble is, scammers know this, too.

Thursday at 6:30 a.m. on Local 4 News Today

Venmo will allow users to buy and sell cryptocurrencies on its app, the latest mainstream financial platform to wade into alternative currency like Bitcoin.

The BBB is warning people should only the P2P apps to send money to people they know. And always double check the profile of the person you are sending money too before actually hitting the second button. Duquesnel also recommends knowing how your bank would handle a mistake or a problem sending or receiving money through a P2P app. If you send money by mistake it is unlikely you will get the money back, and unfortunately scam artists know that as well. “We are seeing an increase in scams being perpetrated through a P2P app.

A college football fan who held up a sign on national TV asking for beer money has raised more than $1 million -- and he's giving it to a children's hospital. AMES, Iowa (CNN) - A college football fan who held up a sign on national TV asking for beer money has raised more than $1 million -- and he's giving it to a children's hospital. By Sunday morning, the contributions -- including Busch Beer and Venmo's matches -- had reached $1 million, and were continuing to rise. Stead Family Children's Hospital said they were overwhelmed by King's generosity, and the generosity of all the donors who pledged their support. "The University of Iowa's Stead Family Children's Hospital does amazing work for kids and families all over the country," he said.

- Venmo has become a very popular way to pay easily pay people for goods and services. Because it has become so popular with users, Venmo is now popular with scammers. '"At the end of the day the worst thing you can do is click on the link," Shriner said. Many cases go unreported and this one Venmo scam could target up to 40 million users. In the Venmo app, users can disconnect cards from the account, but by that time, the scammer most likely already has the banking information.

- A college football fan who held up a sign on national TV asking for beer money says he's giving the thousands of dollars he raked in to a children's hospital. He scrawled his Venmo account details on the sign for the nation to see. The children's hospital is next to the Hawkeyes' Kinnick Stadium. We're going to match your donation to University of Iowa. King said those interested in donating to the Stead Family Children's Hospital can also do so directly through the hospital's website.