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

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Venmo Settles Privacy Violations
Venmo Settles Privacy Violations
February 28, 2018  |  Legal

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

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments
Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments
February 19, 2018  |  Payments Innovation

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

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Mueller Indictment Exposes ID Theft Risks
Mueller Indictment Exposes ID Theft Risks
February 19, 2018  |  Security & Fraud

The Russians are coming. The Russians are coming. Actually, they’re already here and have been for a while. News came Friday that Special Counsel Robert...

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PayPal’s Profit Jumps, eBay Move Induces Investor Separation Anxiety
PayPal’s Profit Jumps, eBay Move Induces Investor Separation Anxiety
February 01, 2018  |  Earnings

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

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Zelle Reports New Account Openings Of 100K A Day
Zelle Reports New Account Openings Of 100K A Day
January 30, 2018  |  Mobile Commerce

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

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Venmo Instant Cash Now Live For All Users
Venmo Instant Cash Now Live For All Users
January 26, 2018  |  Payment Methods

After first announcing the service last summer, Venmo released an instant transfer feature that lets consumers send money to their debit cards without waiting days...

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The 17 Most Important Stories Of 2017
The 17 Most Important Stories Of 2017
January 01, 2018  |  News

Happy New Year! Ready to hit the gym? Gonna learn to speak Mandarin this year? Have a book club to form? Those are all perfectly...

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Accounts Payable Players Watching Zelle, Venmo In Next Phase Of Innovation
Accounts Payable Players Watching Zelle, Venmo In Next Phase Of Innovation
December 22, 2017  |  B2B Payments

This year was undoubtedly a big one for B2B payments. Some of the giants in payments and FinTech, including Mastercard and Visa, took steps to enhance their...

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Chase Pay’s Trouble With Traction
Chase Pay’s Trouble With Traction
November 16, 2017  |  Mobile Payments

According to news from The Wall Street Journal, J.P. Morgan Chase (JPMC) is the latest big name with big mobile payments ambitions and bona fides to back...

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