Sections
Venmo
Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. Venmo is a type of payment rail. It handled $31 billion in transactions in the first quarter of 2020.
(source: venmo.com)
-
NewsToday In Payments: Big Tech CEOs Face Congress; Venmo Pilots Business Payments For Micro SMBs
In today’s top news, the CEOs of the four biggest tech companies will testify before Congress over antitrust issues, and Venmo introduced...
-
Payment MethodsVenmo Pilots Business Payments For Micro SMBs
Venmo will introduce a new feature for businesses to accept payments separate from the individual owner’s account, a press release says. The...
-
Payments InnovationMaking Cash Relevant In The Era Of Digital Payments
People love to predict traditional money’s imminent demise. Countless think pieces have been written about how cash is on its last legs, but...
-
CryptocurrencyPayPal Reportedly To Offer Direct Crypto Sales
PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. The FinTech giant, which has 325 million customers, will allow this feature...
-
Mobile Order AheadDeep Dive: The Importance Of Fighting Fake Restaurant Reviews And Social Media Fraud
Social media engagement plays a central role in modern restaurants’ daily business, with eateries using platforms like Facebook, Twitter and Instagram to...
-
PersonnelRestaurant Supply Chain Platform xtraCHEF Adds Former Venmo COO As Adviser
Oak HT/FC Executive in Residence Michael Vaughan will now serve as an advisor for accounts payable and automation and business intelligence firm...
-
Fraud PreventionHow PNC Is Fighting Pandemic-Fueled Financial Crime
Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold...
-
Digital PaymentsPayPal Brings In ‘Silver Tech’ Segment Amid Pandemic
As individuals throughout the country stay in their residences to avoid spreading the virus and cash is viewed as a germ risk, PayPal...
-
DisbursementsDeep Dive: How Customer Behaviors Drive Demand For Mobile Disbursement Innovation
The number of smartphone users worldwide has grown exponentially in recent years, with some reports projecting there will be 3.5 billion users by...
-
LoansPlaid Offers Lenders Payroll Data To Expedite SMB Loans
Plaid, a startup being acquired by Visa, wants to help money get to those who need loans faster. To do so, it’s...
-
NewsCOVID-19 Cash Flow, Grocery Payments, Lyft Driver ‘Referrals’ Top This Week’s News
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest...
-
NewsToday In Payments: Airbnb Execs Take Less Pay; Venmo, Square Cash Vie To Disperse Stimulus Funds
In today’s top news, Airbnb’s executives will forego six months of salary, while the company pauses $800 million in marketing plans, and...
-
Next-Gen DebitA Debit-Enabled Fix To In-Store Checkout Abandonment
Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost...
-
Payment MethodsVenmo, Square Cash Vie For Stimulus Funds Distribution
Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked...
-
Merchant InnovationVenmo App Lets Parents Create Debit Card For Kids
Venmo is branching out to target a new demographic in its payments service: teenagers, according to published reports on Monday (Feb. 24)....
-
Mobile ApplicationsChevron And Texaco Apps Now Accept Venmo
Chevron has announced that its new Texaco and Chevron smartphone apps will have Venmo as an option for payment, according to a...
-
EarningsPayPal Hits 305M Active Users In Q4, Cautions Future Economic Uncertainty
PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active...
-
Payments InnovationVenmo Launches Animated Custom Stickers For App Users
As of today (Jan. 21), users of cash-sending app Venmo will have the ability to send animated custom stickers through the app’s...
-
NewsTop News in Payments: Citigroup Names New Retail Banking Leader; NY Lawmakers Push For Public eBanking System
In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking...
-
Digital BankingNY Lawmakers Push For Public eBanking System
Lawmakers in New York have proposed a public electronic banking system that would essentially function like payment service Venmo, with the purpose...
-
Mobile ApplicationsVenmo App Goes Down Monday
Popular financial app Venmo briefly went down for a few hours on Monday (Dec. 30), the company confirmed, according to reports. The...
-
Data DiveData Dive: Dust-Ups, Hiccups And POS Attacks Edition
While peace on earth and goodwill toward men tends to be the theme in the last two weeks of the year, payments...
-
News2020s Payment Trends, Fighting Fraud With AI, Gas Station Cyberattacks Top This Week’s News
It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything — with the...
-
Mobile PaymentsPNC Blocks Venmo, Tells Users To Switch To Zelle
In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to...
-
Payment MethodsP2P Payments’ Rising Appeal Beyond Millennials
Peer-to-peer (P2P) payments are exploding. P2P payment network Zelle’s Q3 results show its year-over-year payment values rose by 58 percent, while transaction volume...
-
Digital PaymentsAs P2P Payments Grow, More Consumer Groups Get Into The Mix
P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans...
-
Payment MethodsVenmo Card Now Offers Cash-Back Rewards
Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at...
-
EarningsPayPal Active User Base Grows 16 Pct, Hits 295M
PayPal reported third-quarter results Wednesday that showed continued growth in peer-to-peer (P2P) transactions and customer engagement — and the firm passed a...
-
NewsTop News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith For Pay By Bank
Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year....
-
Payment MethodsPayPal Launches Venmo Credit Card
Online payments giant PayPal is teaming with Synchrony Financial to roll out a Venmo co-branded credit card next year, marking a first...
-
DisbursementsWhy Paper Checks Continue To Dominate Online Rebates
Checks are still used for 75 percent of rebate payouts, but the tide may finally be turning. Online rebate providers are experimenting...
-
Faster PaymentsServing Mobile P2P Payments To The Gen X Crowd
Financial providers worldwide are working to give small and medium-sized businesses (SMBs) quick access to their funds. Digital banks, for one, are...
-
Digital PaymentsAs The Wind Blows, The Shift From Paper To P2P Payments Builds
The frustration is a common one, and a form of friction very well-known to the PYMNTS New Orleans Bureau, in fact: having...
-
eCommerceeBay: 24 Years In, A Look Back
Today if one says the word eBay anywhere in the U.S. — and in multiple spots around the world — you will...
-
CryptocurrencyCrypto.Com Creates Social Payment App
Crypto.com has launched “Pay Your Friends,” which will allow for no-fee, direct crypto payments and offers a $50 equivalent in rewards for...
-
Data DiveData Dive, Moving In And Moving On Edition: Apple, Venmo, Google And Visa
The official end of summer is now less than two weeks away, but payments and commerce got an early jump on getting back...
-
The WeekenderReal-Time Payments, Venmo And SCA Delay Top Week’s News
Top News Why FedNow Will Slow Real-Time Payments “I’m from the government and I’m here to make sure you get your paychecks...
-
Sizzle/FizzleAre Chinese Tech Stocks Set For Fizzle?
A trade war tariff reprieve does not a sustainable rally make, at least not for Chinese tech stocks. However, the news Thursday...
-
Digital PaymentsP2P Payments Find Fresh Fuel As The 2020s Loom
Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and...
-
Digital BankingVenmo Offers Instant Transfer To Bank Accounts
Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company...
-
NewsPayPal’s Q2 Rattles Investors
Product integration delays sent PayPal shares into a slump with growth forecasts below estimates — a top line hiccup, according to management...
-
Digital PaymentsP2P Payments Find Fans In The Black Market
Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant...
-
Data DiveData Dive, Glitches, Bounces And Scrapes Edition: Target, Bitcoin And Venmo
Facebook and Libra won the lion’s share of headlines this week, as it seems everyone who is anyone is payments and commerce...
-
Safety and Security7M Venmo Transactions Scraped To Warn Users
A computer science student scraped seven million Venmo transactions to warn users that their public activity can still be stolen. Dan Salmon...
-
Sizzle/FizzleUber’s IPO Blame Game
We all like to be rewarded for work and vision, for toil and trouble. For putting up money where, literally, our mouths...
-
Mobile PaymentsAnalyst: Square Cash App Downloads Top Venmo’s
A new report shows that Square’s Cash App downloads increased by 2.2 million last month, while Venmo’s were up 1.7 million. According...
-
RetailHow Streaming Subscriptions Innovate With Payments And Content
In the era of streaming entertainment and online news, the number of companies providing digital platforms for content is on the rise....
-
Digital BankingPayments Remain Key To Customer Service For Bank Of The West
Most consumers look at banking as a time-consuming chore. They have many options to choose from and their loyalty can be fickle,...
-
Digital PaymentsAs P2P Payments Spreads Its Wings, Challenges Loom
The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among...
-
NewsAmazon’s Bitcoin Embrace And Cannabis Burgers Top The Week’s News
The end of a busy week provides a chance to catch up on the biggest news from the world of digital payments...
