WaPo: Apple, Google and Venmo fight new U.S. plan to monitor payment apps

WaPo: Apple, Google and Venmo fight new U.S. plan to monitor payment apps by Tony Romm (“The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends. But the prospect of heightened federal oversight has sparked deep and wide-ranging unease throughout the tech industry, triggering a lobbying offensive that aims to limit the government’s power to monitor mobile wallets, accounts or other digital payment services.”)

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