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 Raises Rate For Instant Transfers
Venmo Raises Rate For Instant Transfers
October 14, 2018  |  Faster Payments

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

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Square CFO Departs, Shares Sink
Square CFO Departs, Shares Sink
October 11, 2018  |  Personnel

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 revealed that Sarah...

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Why Gig Workers Prefer PayPal Over Direct Deposit
Why Gig Workers Prefer PayPal Over Direct Deposit
October 08, 2018  |  Disbursements

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

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Food Delivery Firms Battle To Stand Apart As Business Grows
Food Delivery Firms Battle To Stand Apart As Business Grows
September 20, 2018  |  Delivery

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

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Square Eyes Banking Services Via Cash App
Square Eyes Banking Services Via Cash App
September 19, 2018  |  Mobile Applications

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 New York on...

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PayPal Smart Buttons Goes Global
PayPal Smart Buttons Goes Global
September 17, 2018  |  Payments Innovation

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

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How Banks Can Connect To Emerging Payment Methods
How Banks Can Connect To Emerging Payment Methods
August 27, 2018  |  Startup Check-In

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

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Venmo Might Get Rid Of Public Transaction Posts To Protect User Privacy
Venmo Might Get Rid Of Public Transaction Posts To Protect User Privacy
August 23, 2018  |  Security & Fraud

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

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Data Dive: Expanding Efforts — Good, Bad And Unpredictable
Data Dive: Expanding Efforts — Good, Bad And Unpredictable
August 20, 2018  |  Data Dive

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

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