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...

BigCommerce 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...

Retailers Team With Providers For eCommerce Payments’ Tear

Online shopping is on a tear, and marketplaces are reaping the rewards. Some sites are seeing more active buyers and higher gross...

Venmo Now Accepted At Shopify Merchants

Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout....

Zelle, Venmo P2P Payments Race Gains Fresh Fuel In Q3

The third quarter proved more than kind to peer-to-peer (P2P) payments, at least according to financial results for the two main competitors,...

PayPal Shares Jump On Positive Venmo, Earnings News

Following a third-quarter earnings and revenue beat as well as a strong quarter for Venmo, shares of PayPal jumped 9 percent on...

PayPal Posts 25 Pct Jump In Payments Volume

PayPal posted results Thursday (Oct. 18) after the markets closed that showed double-digit growth in overall transaction volume and payments volume, and...

Venmo Raises Rate For Instant Transfers

Venmo, the digital payment unit of PayPal, has raised the fee for instant transfers when moving money from their account to a...

Square CFO Departs, Shares Sink

Square announced that its CFO is stepping down, which caused the company’s shares to fall in after-hours trading. Square’s CEO Jack Dorsey...

Why Gig Workers Prefer PayPal Over Direct Deposit

In the latest Disbursements Tracker, PYMNTS looks at why a growing group of gig workers and freelancers would rather be paid via...

Food Delivery Firms Battle To Stand Apart As Business Grows

Food delivery is moving into a higher realm, one that is about much more than ordering up a meal via a mobile...

Square Eyes Banking Services Via Cash App

Square is in consideration of offering traditional banking services through its peer-to-peer (P2P) payment app. At Recode’s annual Code Commerce conference in...

PayPal Smart Buttons Goes Global

Two and a half months ago, PayPal launched Smart Buttons in the U.S. as a way to improve the checkout experience for...

How Banks Can Connect To Emerging Payment Methods

Banks have honed their systems for decades to manage payments seamlessly and efficiently, while providing great client service with Titanic amounts of...

Venmo Might Get Rid Of Public Transaction Posts To Protect User Privacy

Executives at PayPal are deciding whether they should remove the option to post and view public transactions on Venmo. According to Bloomberg,...

Data Dive: Expanding Efforts — Good, Bad And Unpredictable

Variety, we are told, is the spice of life — and it is important to always try new things. Sometimes this is...

Zelle Eyeing Expansion Into Small Business Payments

Zelle, the digital payment app that enables consumers to send money to friends and family, is gearing up to expand its offering...

Square Cash Downloads Top Venmo

Cumulative downloads of Square‘s Cash App surpassed PayPal‘s Venmo for the first time ever after Square’s service grew three times faster than its...

A Bundle Of Contradictions: The Online Privacy Landscape

At first glance, 2018 is shaping up to be a year that has brought meaningful consumer, regulatory and legislative backlash against lax...

Abercrombie & Fitch Adds Venmo To Mobile Apps

Abercrombie & Fitch is adding Venmo to its app, and the Hollister app, in an effort to bring a payment option geared...

Venmo Critics Cite Ongoing Privacy Concerns

As PayPal tries to turn Venmo into a mainstream payments app, there are concerns over consumer privacy. Venmo users link their bank...

Zelle P2P Volume Grew To $28 Billion In Q2, Against Venmo’s $14 Billion

Venmo, the P2P service owned by PayPal, took in more than $14 billion in payments volume during the second quarter of 2018,...

PayPal Pays A Price For A Disappointing Revenue Forecast

PayPal second quarter earnings were in yesterday (July 25), and despite the fact that PayPal beat analysts’ expectations on revenue, usership and...

Winning, Losing And Playing Catch-Up

While the world loves to pick winners and losers – and will occasionally turn things into horse races that possibly shouldn’t be...

Snapchat Exits P2P

Snapchat is closing down Snapcash, its peer-to-peer payment space, on August 30. According to reports, there is code buried in Snapchat’s Android...

Zelle Catches A Growth Wave, Threatening Venmo

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world...

Users Of Digital Payment Services Have Difficulty Recovering Mistakes

Digital peer-to-peer payment services like Venmo are growing in popularity, but according to a report in The Wall Street Journal, consumers who...

Uber And Venmo Ink Payment Partnership

Uber and Venmo, the payment app owned by PayPal, announced on Thursday (July 12) that they’re partnering to deliver a new payment...

Smaller Firms Targeted For Big Hauls By Payments Fraudsters

Size matters when it comes to payments fraud, it seems.  Recent stories show local companies targeted for big payouts, done through fake...

PayPal’s Bill Ready On Making Checkout Smarter For Consumers And Merchants

Fighting payments friction is more or less PayPal’s DNA. In its early days (a little less than two decades ago), PayPal solved...

PayPal Rolls Out Checkout With Smart Payment Buttons

Today PayPal is launching Checkout with Smart Payment Buttons, the latest salvo in the firm’s ongoing war against checkout friction. Friction during the...

Venmo Launches Debit Cards

Venmo is getting into cards. The peer-to-peer payment app owned by PayPal said Monday (June 25) that it has launched a Mastercard-branded...

Venmo To Phase Out Web Support

Venmo, the peer-to-peer payment app owned by PayPal, is gearing up to discontinue web support for its payment service. TechCrunch, citing an...

Zelle Projected To Grow More Than 73 Percent In 2018

With Zelle projected to overtake Venmo, eMarketer expects the payment service to grow more than 73 percent this year. The firm is...

Mezu: What It Would Take To Replace Cash

When Yuval Brisker landed in Tel Aviv for a family function, he didn’t have time to stop at a bank and exchange...

Square App Is Closing In On PayPal’s Venmo

Square may be closing in on PayPal a bit, with the company’s monthly downloads of the Square Cash app increasing at a...

Active Daily Orders Come Up Short For Grubhub In Q1

Growth from markets that do not include major cities fueled Grubhub’s revenue growth in the first quarter of 2018, an increase that...

PayPal Reaffirms Its Commitment To Financial Inclusion

There was a lot going on during PayPal’s quarterly earnings report yesterday (April 25), as the original “Pay” player managed to beat analyst...

PayPal Adds 8M Active Users, Grows Mobile Volume 52 Percent 

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,”...

Grubhub Rolls Out Venmo Integration

To offer customers more convenient payment options, Grubhub is adding Venmo to its platform. With the new functionality, consumers will have an...

Data Dive: Embracing The Uncertainty Edition

Despite living in a world awash in data, it’s surprising how much our lives are defined by uncertainty. What’s coming next is...

Venmo Puts Pause On Instant Transfers

Venmo abruptly removed its instant money transfer feature on Wednesday, saying it needed to “make a few changes” to the service. According...

Women Use Venmo To Show Solidarity For ‘Bachelor’ Contestant

Last night’s “The Bachelor” season finale saw star Arie Luyendyk Jr. dump his new fiancée, Becca Kufrin, to begin a relationship with...

Cardtronics Identifies Crypto, P2P Payments As Business Risks

As new payment technologies — such as digital coins  make it less necessary for people to handle cash, Cardtronics said cryptocurrencies could...

Venmo Settles Privacy Violations

The Federal Trade Commission (FTC) announced that it has reached a settlement with PayPal over the handling of privacy disclosures and money...

Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

With the advent of emerging FinTech startups, banks face some competition for payments. When a consumer or a company wants to send...

Mueller Indictment Exposes ID Theft Risks

PayPal’s Profit Jumps, eBay Move Induces Investor Separation Anxiety

PayPal’s Q4 2017 earnings report, in many ways, was a continuation of the same 2017 theme: earnings, profits, revenue and TPV are all...

Zelle Reports New Account Openings Of 100K A Day

Zelle, the mobile payment service of U.S. Bank, says that close to 100,000 customers sign up for the payment app on average...

Venmo Instant Cash Now Live For All Users

After first announcing the service last summer, Venmo released an instant transfer feature that lets consumers send money to their debit cards...