You can get the details on our privacy policy and our approach to privacy, including our policy positions.)Īpple Pay was the only service that got top marks from CR for data privacy, because its policies state that it limits the information it collects and shares on users and their transactions. (Like most websites, collects user data.
#The current best p2p 2018 software
Our partners include Cyber Independent Testing Lab, which is a nonprofit software security testing organization Disconnect, which makes privacy-enhancing software for consumers and Ranking Digital Rights, which is a nonprofit that evaluates company privacy policies and their terms of service. We plan to use the standard in future ratings of internet-connected products. To judge data privacy and security, Consumer Reports convened a group of national privacy and security experts to help develop a set of criteria we’re calling The Digital Standard. “Our test results are also intended to push P2P developers to be more accountable regarding security and privacy matters.” “We’re trying to help people make informed choices and think about safety elements they might not have previously,” says Brookman. Our goal in testing the services was to give consumers shopping for a mobile P2P service more to go on than just a friend’s invitation-a frequent way consumers told us they currently choose a P2P service, says Justin Brookman, director of consumer privacy and technology at Consumers Union, the advocacy division of Consumer Reports. Our ratings focus on how well the services authenticate payments to prevent fraud and error, secure user data, and protect privacy, but we also looked at the quality of customer support, how clearly they disclose fees, and whether users are bound by mandatory arbitration, among other factors. Broad access rewards services that do not limit use to those with a bank account or particular mobile device. Customer support looks at providers’ error resolution policies, ease of finding in-app help, and whether providers ensure that funds they hold are covered by deposit insurance. Data privacy analyzes data control, data retention and deletion, data collection, minimal data collection, privacy by default, and data use. Data security evaluates encryption, authentication, security oversight, security over time, and vulnerability disclosure. Payment authentication evaluates controls available to users to prevent fraud and error. A score of 81 to 100 is excellent, 61 to 80 is very good, and 41 to 60 is good. The Overall Score is based on the criteria shown in the table, and on other factors related to fee disclosure and arbitration. GUIDE TO THE RATINGS Ratings are based on analyses of operations and data policies of mobile versions of peer-to-peer payment services performed by Consumer Reports between December 2017 and July 2018. It's important to note that we rated the stand-alone Zelle mobile service, not the version you might enter from your bank’s website or mobile app. Zelle has good error-resolution policies, and users can easily find help in the app, earning Zelle high marks in this area, CR found.
#The current best p2p 2018 plus
On the plus side, CR rated Zelle well for customer support. “By the end of October, these enhancements will be consistent across all Zelle participating financial institutions, and in the Zelle app,” said Jeremiah Glodoveza, a spokesman for Early Warning, the company that operates Zelle. That could happen if you mistype a phone number.Ĭontacted by CR for this report, Zelle said it would soon adopt the practice of asking senders to confirm recipients before transferring the money, the current practice of some banks and credit unions that offer the Zelle service.
The Zelle app lacks features that keep you from accidentally sending money to the wrong person. But it was the only service that ranked below average on data security and data privacy, which were weighted heavily in our ratings. banks and credit unions, was rated good overall. We rated each of the five services good enough to use.