Post Tagged with: "Venmo"

Consumers Use Mobile Banking, Just Not for Money Transfers

Consumers Use Mobile Banking, Just Not for Money Transfers

by February 16, 2017 at 10:30 am 0 comments

Despite all the digital efforts from financial institutions, consumers still don’t make use of their in-app money transfer functions. According to the February Monkey Insights report released by Malauzai Software, 100% of active users on mobile check their balance, but only about 16% of them transfer money. Is that reallyRead More

PayPal Launches P2P Bot For Slack [VIDEO]

PayPal Launches P2P Bot For Slack [VIDEO]

by February 7, 2017 at 12:39 pm 1 comment

A new bot is born. PayPal today announced a chatbot that customers can use for P2P payments. But unlike the host of other companies, which have chosen to launch on the chatbot-heavy Facebook Messenger platform, PayPal’s bot will be hosted on Slack. The baby unicorn—Slack was founded in 2009 andRead More

3 Major Takeaways From PayPal’s Earnings

3 Major Takeaways From PayPal’s Earnings

by January 27, 2017 at 12:54 pm 1 comment

From new apps to surprising partnerships, PayPal has had another buzzing quarter. The payments giant ended the year with 197 million active customer accounts, adding 5.4 million new accounts last quarter. The holiday shopping season — the largest ever — helped drive a 25% quarterly increase in payments volume, resultingRead More

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

Zelle Will Put Customers Back in Banks’ Hands, PNC CEO Says

by January 19, 2017 at 11:14 am 1 comment

Zelle, the peer-to-peer payments platform formerly known as clearXchange, will put customers back in banks’ hands, PNC CEO Bill Demchak said Friday. P2P has been a notable success of nonbank players such as PayPal, which offers a host of consumer-facing payments products, perhaps most notably Venmo. In October, PayPal CEORead More

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

Braintree CTO to Do Fireside Chat at Bank Innovation 2017

by January 6, 2017 at 12:41 pm 1 comment

Juan Benitez, general manager and chief technology officer of Braintree, a PayPal subsidiary, will participate in a fireside chat at Bank Innovation 2017. Bank Innovation 2017, March 6-7 in San Jose, Calif., will feature dozens of speakers on investing in innovation, chatbots, open banking ecosystems, blockchain and more. Benitez has been CTORead More

Insto Targets Installment Loans for Large P2P Payments

Insto Targets Installment Loans for Large P2P Payments

by December 15, 2016 at 11:35 am 1 comment

Getting an installment loan for high-value transactions at the point of sale is nothing new. Venmoing (yes, it’s a verb now) a friend for your share of last night’s pizza is not a big deal either. But what if instead of a pizza, you need to pay someone for aRead More

Siri May Come to iMessage, and Bring Along P2P Payments

Siri May Come to iMessage, and Bring Along P2P Payments

by November 21, 2016 at 11:55 am 0 comments

Have you ever felt overwhelmed with texting, and wished you had some help? Worry no more, Apple has you covered in its newest patent, which may bring Siri — iOS’s virtual assistant — to iMessage. The new functionality will allow Siri to perform various tasks in the iMessage app, such asRead More

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

PayPal Adds Ability to Pay with Siri — But Not iMessage [VIDEO]

by November 10, 2016 at 5:05 pm 1 comment

PayPal is joining the platform party on iOS. In September, Venmo — along with Circle, neobank Monzo, and Square Cash — took advantage of the platformization of Siri and iMessage and tied their services into the voice and text-based mediums. Today, PayPal added the ability to send and receive moneyRead More

Top 20 Bank Video Ads of 2016 — Page 3

Top 20 Bank Video Ads of 2016 — Page 3

by November 1, 2016 at 10:24 am 0 comments

10. TD Bank goes straight for your feelings in this ad as it gives back to its own customers, and it totally works. 9. Want a little look at the future? PwC Nederland’s got you covered. Spoiler alert–the world may have changed a lot, but you’ll still run on thatRead More

PayPal Partners Up to Fuel 3Q Growth

PayPal Partners Up to Fuel 3Q Growth

by October 21, 2016 at 10:23 am 1 comment

PayPal continued steady growth this quarter, reaching 192 million active users and 30 transactions per user. It also recorded $87 billion on 1.5 billion total transactions. Venmo accounted for $4.9 billion of that, and mobile accounted for approximately 30% of PayPal’s total transactions. That 192 million, by the way, counts 177Read More