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 $12 billion in transactions in the first quarter of 2018.
(source: venmo.com)
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2.0KPayment 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...
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2.2KDigital 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...
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3.4KPayment 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...
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3.0KEarningsPayPal 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...
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2.5KNewsTop 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....
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2.8KPayment 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...
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1.6KDisbursementsWhy 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...
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4.3KFaster 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...
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3.7KDigital 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...
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5.7KeCommerceeBay: 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...
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2.4KCryptocurrencyCrypto.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...
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2.5KData 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...
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4.2KThe 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...
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2.3KSizzle/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...
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4.1KDigital 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...
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4.7KDigital 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...
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5.8KNewsPayPal’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...
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3.0KDigital 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...
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1.9KData 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...
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3.4KSafety 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...
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1.9KSizzle/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...
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4.5KMobile 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...
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2.3KRetailHow 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....
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3.7KDigital 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,...
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6.5KDigital 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...
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4.2KNewsAmazon’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...
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7.8KEarningsPayPal Q1: Venmo Users Hit 40M, Payments Volume Dips
Venmo took center stage during PayPal’s Q1 2019 earnings report as PayPal CEO Dan Schulman released user numbers for the first time: 40...
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PayPal Q1 Payments Volume Dips, Venmo User Base Grows
Payments app Venmo reached 40 million users at the end of Q1. This is the first time parent company PayPal has revealed any user...
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6.0KDigital PaymentsZelle Processes $39B In Q1
Digital payment company Zelle sent $39 billion through its network on 147 million transactions during the first quarter of this year, the...
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6.8KDigital PaymentsPayPal Eyes Credit To Monetize Venmo
Venmo, the digital payments company, is reportedly considering launching credit cards as a way to profit from its large customer base. According...
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5.2KPayment MethodsUber Eats Now Supports Apple Pay
Uber announced on Wednesday (April 17) that it is adding Apple Pay to its popular Uber Eats app, according to reports. Customers...
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2.8KDisbursementsDeep Dive: Where Disbursements Fall Short
P2P services like Venmo and Zelle enable users to quickly transfer funds via their smartphones, and the speed and convenience they offer...
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7.4KDisbursementsWill Disbursements Put Payday Cycles Out To Pasture?
The rise of fast-acting payment solutions is changing the way businesses and governments issue payments to consumers and citizens. Demand for instant...
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6.4KPayment MethodsVenmo Pursues Customers With Negative Balances
Venmo, the digital money transfer company owned by PayPal, is going after consumers who have a negative balance in their accounts. According to...
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5.9KSecurity & FraudSchoolsFirst Federal Credit Union’s Lesson In P2P Security
Usage of Zelle surged in 2018, with $119 billion exchanged in P2P transfers on the platform. That volume has attracted fraudsters eagerly...
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8.1KFaster PaymentsWhy Digital Disbursements Need More Than Speed
When it comes to payments, consumers overwhelming prefer them to be faster. It’s a trend visible in the latest edition of the...
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6.1KRetailChipotle’s Loyalty Program And Developing A Digital Experience
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7.8KDigital PaymentsVenmo, Chipotle Pair On Loyalty Program
Chipotle Mexican Grill has teamed up with Venmo to expand its loyalty program amid huge growth of its digital platform. The quick-service...
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2.7KToday In DataPicking Up The Pace Of Payments To Stay Competitive
Consumers have been trained – by Venmo and other P2P payments providers in the U.S. and around the world – to expect...
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9.4KNewsVenmo, Girl Scouts And Bitcoin: The Week In Unexpected Upsides
Usually when we talk about unintended consequences here at PYMNTS, we are talking about something that has gone terribly wrong, or at...
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10.9KMobile CommerceVenmo Debuts Limited Edition Rainbow Card
Today Venmo will be rolling out its latest card offering for consumers. Joining the lineup of the six brightly colored, Mastercard-branded debit...
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12.8KDigital PaymentsPayPal’s Schulman: Digital Payments To Be $100T Market
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3.2KRetailWhy Subscription Merchants Are Offering Mobile Optimization With Payments
From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the...
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3.7KDigital PaymentsTidal Music Streaming Service Now Accepts Venmo
Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports....
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12.9KDigital PaymentsVenmo And Zelle’s P2P Battle Royale
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3.7KCommentaryModo CEO: 2018 Was The Year Of Utility
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- 10.9KDigital Payments
Venmo Payment Fraud Leads To $40M In Losses
Venmo, the digital money transfer service owned by PayPal, suffered payments fraud earlier in 2018 that played a role in the company...
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5.4KeCommerceBigCommerce Now Supports Venmo, Masterpass
BigCommerce, the eCommerce platform for fast-growing and established brands, announced Wednesday (November 14) the addition of Venmo and Masterpass as supported payment...
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5.7KRetailRetailers Team With Providers For eCommerce Payments’ Tear
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