The FTC-Venmo Privacy Settlement is All About Design
Paypal has settled charges from the Federal Trade Commission (FTC) that stated its popular money transferring app, Venmo, misled customers with confusing privacy settings. The FTC complaint is a lesson in the importance of user-friendly design in app privacy settings, as well as the privacy risks of combining financial transactions with social networking.
Money transferring apps are a popular—and sometimes necessary—modern convenience. While some users enjoy the social aspect of Venmo, others just want to split the bill without sharing. For the second camp, there seemed to be an easy solution: you could change the default audience for your transactions from “public” to “participants only.”
Source: The FTC-Venmo Privacy Settlement is All About Design
