What types of money transfers are implicated?
The transaction records in question include exchanges greater than $500 dollars. That cutoff point was selected by the organization running the database as a type of safeguard to avoid over collecting records of individuals using money transfer for remittances back to other countries.
The database reportedly captures records from some of the most popular money transfer providers, including Western Union, MoneyGram and Euronet. Newer digital first money transfer services such as Apple Cash, Venmo, PayPal and Zelle, meanwhile, do not appear to have shared user transaction records to the database, according to an investigation from Oregon Senator Ron Wyden. Though the program appears primarily concerned with transfers occurring in and out of the U.S. some purely domestic transfers are reportedly being caught up in databases as well.
