Post Tagged with: "P2P payments"

What Do People Use Venmo For? Check the Emojis.

What Do People Use Venmo For? Check the Emojis.

by September 28, 2016 at 3:46 pm 0 comments

The classic use case for peer-to-peer payments is splitting a check — it’s straightforward, easy to understand, and the people doing it are young and having fun (probably.) But the problem is that the average P2P payment, according to JPMorgan Chase, anyway, is $300, rather expensive for a dinner bill.Read More

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

Wells Fargo Mobile App Still In Google Play’s Top 10, Despite $185M Fine

by September 14, 2016 at 10:18 am 0 comments

It shouldn’t be a surprise to see Credit Karma’s mobile app in this week’s top slot for finance apps on Google Play—finance-wise, that seems like the app to beat—but what is a little surprising is the continued reign of Venmo on the iOS side. PayPal’s P2P service app is on aRead More

Venmo Will Soon Be Larger Than Any Bank P2P Service

Venmo Will Soon Be Larger Than Any Bank P2P Service

by August 1, 2016 at 12:38 pm 6 comments

July’s PayPal earnings call talked quite a bit more about Visa than Venmo, but while the consequences of the Visa deal are still unknown, Venmo’s numbers are already known, and they look great. Specifically, Venmo processed $4 billion in transactions in Q2, compared with $3.2 billion the quarter previous. This isRead More

Citi Appears to Be Pursuing Deal with Square Cash

Citi Appears to Be Pursuing Deal with Square Cash

by June 29, 2016 at 10:51 am 6 comments

Is Citigroup going to partner with Square to offer the startup’s peer-to-peer payments service to Citi customers? That’s the implication from a recently published article in Fortune. Square Cash was launched by Square in 2013 for P2P payments. The service is available in the U.S., and for both personal orRead More

Pay With Venmo App Service Live For ‘Select Users’

Pay With Venmo App Service Live For ‘Select Users’

by May 17, 2016 at 5:47 pm 3 comments

It’s not just P2P anymore. Venmo’s in-app payment feature is live, and select “lucky users” can already use Pay with Venmo in participating iOS apps, the company announced in an email today. We’ve emailed everyone who can start using Venmo to pay in select apps. Didn’t get an email? Right now we’reRead More

Coolest Brands 2016: VenmoIf You Don’t Venmo, You’re So Old

Coolest Brands 2016: Venmo

If You Don’t Venmo, You’re So Old

by February 16, 2016 at 8:44 am 2 comments

When you borrow money from someone, how do you say you’ll pay it back (even if you don’t mean it)? There is a “Venmo line” — Paypal CEO Dan Schulman placed it around age 30 — which divides those who Venmo (verb) and those who do not. Why is Venmo,Read More

MBank Takes Aim at the Password

MBank Takes Aim at the Password

by November 4, 2015 at 11:37 am 1 comment

You hear a lot of biometrics and banking, but what have you seen in your life as a bank customer? Passwords, passwords, and more passwords, quite likely. Yesterday, I signed up with Airbnb and noticed the “Login with American Express” option. By coincidence, this happened to be the very dayRead More

Early Warning Appears Set to Relaunch clearXchange as SecureExchange

Early Warning Appears Set to Relaunch clearXchange as SecureExchange

by November 3, 2015 at 10:35 am 0 comments

Early Warning, the bank security consortium that last month combined with clearXchange, appears set to relaunch its payments service as SecureExchange. ClearXchange is the stuttering P2P payments network launched by several major banks, including Bank of America and Capital One Financial Corp., in 2011. Bank of America, for example, went live withRead More

Square Cash Volume Tops $1 Billion, IPO Doc Shows

Square Cash Volume Tops $1 Billion, IPO Doc Shows

by October 15, 2015 at 12:06 pm 2 comments

Square Cash has processed $1 billion since its launch in nearly two years ago, Square disclosed yesterday. You may have heard that Square filed the public documents for its IPO with the SEC yesterday. Inside the S1 was a wealth of information that the fintech community had been speculating about for years.Read More

Fastacash Deal Will Let Visa Power Payments on Facebook

Fastacash Deal Will Let Visa Power Payments on Facebook

by February 27, 2015 at 10:35 am 1 comment

It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More