Announcing the fine on Thursday, New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act.

Money stored in payment apps often lacks federal deposit insurance protection. Basic security practices significantly reduce ...

Apps like Zelle, Venmo, Cash App and PayPal make it easy to send money to others. With a click of a button, your cash is gone -- and it can be nearly impossible to get it back if you send it to a ...