Empowering Safer Transactions: Introducing Sponsor Approval for Teen Peer-to-Peer Payments
While Cash App leverages sophisticated systems to detect and prevent potentially risky transactions, parents and guardians (Sponsors) often have insights that technology alone can't capture. That's why Cash App is introducing a new layer of protection for teens: Sponsor Approval for peer-to-peer (P2P) payments. This new tool will empower Sponsors to better monitor and manage how teens interact with their friends on Cash App.
Partnering with Parents for Enhanced Safety
Cash App’s machine learning models are designed to continuously detect potentially risky P2P transactions. With this enhancement, when these models detect potentially risky activity involving a teen, Cash App will require Sponsor approval before the payment can proceed.
Here's how it works:
- Safe, routine payments (those deemed low-risk) will continue to process seamlessly. No changes or interruptions.
- When a potentially risky P2P transaction is detected, it's automatically paused
- The teen's Sponsor receives a notification to review the payment
- If the Sponsor approves, the payment processes
- If the Sponsor blocks the payment, they can choose to permanently prevent future transactions for their teen with that peer. They also have the ability to ‘Report” the counterparty.
- Beyond this enhancement, Cash App may also automatically block certain payments that are determined to be high risk (and notify Sponsors proactively).
Building a Safer Network, Together
This new feature creates a powerful feedback loop - initiated by Sponsors - that makes Cash App safer for everyone. When Sponsors approve or block payments, or report concerning behavior, these actions help inform our systems about higher risk activity, which we use to train our models and inform potential controls.
By combining our technological capabilities with the real-world insights of parents and guardians, we're building a more robust safety system that learns and adapts. Each Sponsor decision helps Cash App better understand and predict potential risks, strengthening our ability to protect all users.
A Commitment to Teen Safety
At Cash App, we understand that financial independence is an important part of a teen's journey to adulthood. With Sponsor Approval, we're making that journey safer while respecting the critical role parents play in guiding their teens' financial decisions. This feature represents another step in our ongoing commitment to creating the safest possible environment for young people to learn about and use digital financial services.
As we continue to evolve our teen safety features, we remain dedicated to balancing protection with accessibility, ensuring that Cash App remains a trusted platform for families to manage their money together.
While Cash App leverages sophisticated systems to detect and prevent potentially risky transactions, parents and guardians (Sponsors) often have insights that technology alone can't capture. That's why Cash App is introducing a new layer of protection for teens: Sponsor Approval for peer-to-peer (P2P) payments. This new tool will empower Sponsors to better monitor and manage how teens interact with their friends on Cash App.
Partnering with Parents for Enhanced Safety
Cash App’s machine learning models are designed to continuously detect potentially risky P2P transactions. With this enhancement, when these models detect potentially risky activity involving a teen, Cash App will require Sponsor approval before the payment can proceed.
Here's how it works:
- Safe, routine payments (those deemed low-risk) will continue to process seamlessly. No changes or interruptions.
- When a potentially risky P2P transaction is detected, it's automatically paused
- The teen's Sponsor receives a notification to review the payment
- If the Sponsor approves, the payment processes
- If the Sponsor blocks the payment, they can choose to permanently prevent future transactions for their teen with that peer. They also have the ability to ‘Report” the counterparty.
- Beyond this enhancement, Cash App may also automatically block certain payments that are determined to be high risk (and notify Sponsors proactively).
Building a Safer Network, Together
This new feature creates a powerful feedback loop - initiated by Sponsors - that makes Cash App safer for everyone. When Sponsors approve or block payments, or report concerning behavior, these actions help inform our systems about higher risk activity, which we use to train our models and inform potential controls.
By combining our technological capabilities with the real-world insights of parents and guardians, we're building a more robust safety system that learns and adapts. Each Sponsor decision helps Cash App better understand and predict potential risks, strengthening our ability to protect all users.
A Commitment to Teen Safety
At Cash App, we understand that financial independence is an important part of a teen's journey to adulthood. With Sponsor Approval, we're making that journey safer while respecting the critical role parents play in guiding their teens' financial decisions. This feature represents another step in our ongoing commitment to creating the safest possible environment for young people to learn about and use digital financial services.
As we continue to evolve our teen safety features, we remain dedicated to balancing protection with accessibility, ensuring that Cash App remains a trusted platform for families to manage their money together.