News Topic: Venmo

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The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure. ... Read full article

PayPal isn’t the first company to open its platform to cryptocurrencies, but its technique is more hands-on than most payment providers. ... Read full article

Nearly one in four bankers said that the tech giants pose the biggest competitive threat in the long term. But are those fears warranted? ... Read full article

Venmo’s P2P social payment app has become a major part of PayPal’s retail strategy, a play that’s getting a boost from a Synchrony co-branded credit card. ... Read full article

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account. ... Read full article

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system. ... Read full article

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near. ... Read full article

The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge? ... Read full article

Zelle processed 116 million transactions during the third quarter as its payment volume jumped to $32 billion, while Venmo's volume increased 78% to nearly $17 billion. ... Read full article

Zelle is working on ways to ensure that customers can safely pay small businesses as well. ... Read full article

Despite a reputation for being the go-to P2P app of digital natives, Venmo is once again pushing its market in the opposite direction with the debut of a plastic card. ... Read full article

Chief among the tips shared at Digital Banking 2018 were: be willing to experiment, seek out partners, rethink cost-cutting and small banks should stop making excuses. ... Read full article

Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network. ... Read full article

Customers are sprinkling symbols into their texts, and it's a challenge for banks to fine-tune systems to support the use of the cartoon code in communications. ... Read full article

The Federal Trade Commission contends Venmo misled consumers on funds availability and security disclosures. ... Read full article

To pitch their payments system of the future, U.S. banks hired Daveed Diggs, an actor best known for playing Thomas Jefferson and Marquis de Lafayette in the Broadway musical Hamilton. ... Read full article