The Financial Technology Association is a Washington, DC-based trade association representing fintech industry members, including Block and PayPal. Square and mobile payment service Cash App are owned by Block. PayPal
acquired digital wallet company Venmo in 2014. Penny Lee, FTA’s CEO, said in a statement, “Whether sending money online or through a payment app, it’s important to know and trust who you are sending money to. Our members are continuing to take action to help customers recognize and avoid scams, so they can keep their money and financial information safe.”
