PYMNTS

AUGUST 12, 2019

Venmo has added another option for instant transfer of money to a bank account, according to a blog post by the company on Monday (Aug. Having money in your Venmo account is an awesome feeling — it makes paying friends and family that much easier,” the company said. “We the company said.

Venmo

PYMNTS

OCTOBER 22, 2020

Rideshare platform Lyft is teaming up with Venmo to give riders the option to pay for their trip or split the cost with others, Lyft said in a statement on Thursday (Oct. In addition to paying for rideshares, users can also tap Venmo to use Lyft’s bikes and scooters where available. Roughly 200,000 U.S.

Venmo

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019.

Consumer

PYMNTS

AUGUST 19, 2019

There is lots of motion in the markets, with Apple officially moving into the world of being a card issuer (with mixed reviews), Venmo making moves on the bank account and Google Pay breaking up with Visa Checkout as a payments button. Venmo Steps up Its Game Against Zelle. PayPal-owned Venmo hit 40 million active users in Q1 of 2019.

Venmo

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. Perhaps the biggest story in P2P, though, is the ongoing battle between P2P providers Zelle (operated by Early Warning Services ) and Venmo (owned by PayPal ).

P2P

PYMNTS

JANUARY 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. In Q4 of 2019, PayPal saw adjusted earnings per share rise to $.86 69 at the same time last year, and ahead of forecasts of $.83.

PayPal

PYMNTS

OCTOBER 9, 2020

Additional investors included Founder Collective, Walkabout Ventures, former Venmo COO Michael Vaughan and Seamless Founder Paul Appelbaum. “We A 2019 PYMNTS report indicated that the majority of gig workers would jump platforms and work more in exchange for faster payments. . “We The funding was led by Upfront Ventures.

Direct Deposit

PYMNTS

JUNE 12, 2019

These are just some of the ways that they are enhancing their offerings — and how the market for subscriptions in sectors such as health and beauty as well as streaming services is faring in the digital age: The projected over-the-top (OTT) media revenue for 2019 is $22 billion. million new subscribers in Q1 2019. A little more than 4.5

Venmo

PYMNTS

AUGUST 10, 2020

Direct deposit is the most popular among consumers at 47 percent, with PayPal, Venmo and Zelle — all of which take little to no effort from customers to receive payments — collectively accounting for 27 percent. Reducing Costs. Numerous factors can make outdated payments infrastructure costly on the back end, too.

Direct Deposit

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. Venmo Trends. Venmo, of course, is not the only major P2P player in the game. Zelle Trends.

P2P

PYMNTS

MAY 7, 2020

Almost a week ago, May 1, PayPal experienced the largest single day of transactions in the company’s history — bigger than both Black Friday and Cyber Monday of 2019. Of that total, PayPal processed $56 billion in peer-to-peer volume and $31 billion in Venmo volume. PayPal added 7.4 million net new active accounts. billion from $4.13

PayPal

PYMNTS

APRIL 26, 2019

PayPal Eyes Credit to Monetize Venmo. Venmo, which is owned by PayPal, is reportedly settling on Synchrony Financial to issue the Venmo credit card. The aim is to announce the launch of the credit card in 2019. Venmo is one of the FinTechs that have been able to garner widespread adoption.

Bitcoin

PYMNTS

JANUARY 31, 2019

Schulman noted that the goal for the end of 2019 is to have 300 million active accounts. Venmo got a strong shout out as well, with the volume of Venmo transactions hitting $19 billion, growing by 80 percent in Q4. For the year, nearly $62 billion changed hands on the Venmo platform. In all, the firm added 13.8

Venmo

FICO

MAY 1, 2020

I’m not big on reading tabloid confessions at the grocery checkout, but as a payments professional, I have a shocking admission to share: I am a late bloomer in adopting mainstream person-to-person (P2P) payment apps like Venmo, Cash App (owned by Square), Snapcash and a slew of others. Wash your hands. by Darcy Sullivan.

P2P

PYMNTS

AUGUST 5, 2020

Its Cash App , which competes head-to-head with PayPal’s Venmo , was the key factor that drove Square’s profitability in Q2. The app boasted 30 million users in June — that’s up from 26 million at the close of 2019. The stock jumped 9 percent in after-hours trading to $149.43 Wednesday (Aug. 5), up from $136.83

Tax Refunds

PYMNTS

JUNE 25, 2019

Peer-to-peer (P2P) payments continue to gain popularity among consumers, with two of the biggest providers, Zelle and Venmo, reporting ongoing and significant gains. For instance, according to one report from LendEDU , a student loan refinancing company, about 33 percent of millennials had paid for drugs via Venmo — and that was in late 2017.

P2P

PYMNTS

OCTOBER 16, 2020

A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016.

Zelle

PYMNTS

JULY 30, 2020

of India (NPCI) discovered over three dozen security risks in 2019. Strong Venmo And QR Code Payments Growth Help PayPal Score Record Q2 Earnings. The firm attributed a large part of that success to its Venmo peer-to-peer (P2P) payments platform and quick-response (QR) code-based contactless payment technology.

PayPal

PYMNTS

NOVEMBER 12, 2020

consumers owned smartphones as of 2019, and the use of mobile solutions that do not rely on bank account access — including mobile wallets — is also increasing. consumers are now using some kind of P2P mobile application, such as Venmo.”. percent in 2017 to 34 percent in 2019,” the Tracker states. “Eighty-one percent of U.S.

Online and Mobile Banking

PYMNTS

JUNE 26, 2019

million in revenue by market cap from bitcoin in Q1 of 2019, although actual profit was $832,000. But while Square’s Cash App has shown significant growth, it will take time to catch up to Venmo, said Cornerstone Advisors Senior Director Tony DeSanctis. Square brought in about $65.5

Bitcoin

PYMNTS

JANUARY 8, 2020

In today’s top news, CitiGroup named David Chubak to head its retail banking division, lawmakers in New York proposed a public eBanking system similar to Venmo and Goldman Sachs created a new division in its reporting process to highlight its consumer focus. Citigroup Names New Retail Banking Leader. Mall Vacancy Rate Reaches 20-Year High.

Venmo

CB Insights

APRIL 4, 2019

In the last few weeks, we’ve received a lot of requests for the Future of Fintech 2019 agenda. Plaid is the engine that powers popular consumer apps such as Robinhood, Venmo, Coinbase, and Betterment). Download the free report to learn about the biggest trends from fintech in 2018 and ones to watch for 2019. Affirm ($2.9B

FDIC

PYMNTS

DECEMBER 23, 2019

Venmo and PNC’s Spat Over Zelle . The most notable example, according to reports , are allegations from PNC Bank clients that they were unable to connect accounts to Venmo , the payment service owned by PayPal. We’ve made some security enhancements which may be causing difficulty when attempting to link your PNC acct with Venmo.

Venmo

PYMNTS

JANUARY 30, 2020

Total cards were up one percent, while processed transactions continued a year over year pace seen earlier in 2019, at 11 percent, to 37.8 He also noted that the company had been selected for the Venmo co-branded credit card. International transaction revenues were up 9 percent to $2 trillion. billion transactions. Tap To Pay. “In

Contactless Payments

PYMNTS

SEPTEMBER 8, 2020

consumers have received at least one disbursement in the last 12 months — a more than 7 percent increase from 2019, according to PYMNTS’ latest research. More than two-thirds of U.S. The share that has received more than one disbursement has grown even more sharply, to more than 52.2

Small Business

PYMNTS

NOVEMBER 4, 2019

In addition, Early Warning Services, the network operator behind Zelle, announced that $49 billion was sent through the Zelle network on 196 million transactions during Q3 2019. Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion. Other Signs of Popularity.

P2P

PYMNTS

MAY 21, 2020

Identity theft is also a constant fraud threat, with the Federal Trade Commission (FTC) stating that more than 650,57o cases of identity theft were reported in 2019. The identity theft rate in 2019 was 46.4 The BBB advised Venmo users to prevent this fraud by never accepting transfers from strangers. This accounted for 20.3

Financial Crimes

PYMNTS

FEBRUARY 12, 2019

Holmes said that, in 2019, the company will focus on “new capabilities … to return to growth,” and that technology-focused initiatives include moving to the cloud (the firm has said it is becoming fully API-driven) and upgrading POS systems. Notification is now in 65 countries, and MoneyGram is targeting an additional 100 in the current year.

Point-of-Sale (POS)

PYMNTS

APRIL 23, 2019

Findings from the April 2019 Where Will We Bank Next? The latest non-FI with plans to step into the space is Venmo. Last week, there was speculation that Venmo would also launch a credit card. The PYMNTS study didn’t specifically ask about Venmo, but parent company PayPal was popular as a banking alternative, with 30.5

Consumer

Stax

JULY 9, 2024

In 2019, 77% of US consumers were using at least one type of digital payment system. Between 2019 and 2020, there was an 8% rise in the number of consumers increasing their payment options to two or more types of digital payments. Examples of these include Venmo, PayPal, and Facebook Messenger.

Digital Payments

PYMNTS

SEPTEMBER 12, 2019

A new PYMNTS interview with McCrory about P2P payments — where they are in 2019 and where they are headed in the 2020s — comes amid a bright, shining time for the payment method. That’s mainly due to the growth experienced by Venmo and its financial institution-centric counterpart Zelle. More about that in just a bit.

P2P

PYMNTS

JANUARY 14, 2020

And as PYMNTS has reported , P2P services such as Venmo and Zelle continue to grow and expand into new and value-added services. For its part, Venmo now has an option to transfer money to the bank without a debit card for the same fee.

Digital Payments

PYMNTS

DECEMBER 11, 2019

He also helped develop Pay with Venmo, and he helped redesign the mobile app for the company. Ready will head a huge revenue maker for Google — in 2019, ad revenue for the company reached $33.92 He was instrumental in the introduction of PayPal One Touch, which is one of the company’s most successful payment products.

PayPal

PYMNTS

JANUARY 15, 2020

The mobile payment app company — similar to Square Cash or Venmo — has attracted users in excess of 3 million in France, with 25 percent falling between the ages of 18 and 30 years old. Between 2017 and 2019, Lydia grew to 3 million users from 300,000 with only a few dozen employees. The startup adds about 5,000 new users daily. “At

P2P

PYMNTS

JUNE 20, 2019

According to a statement from PayPal , “Ready will transition at the end of 2019 to pursue entrepreneurial interests outside the company.” Ready joined PayPal six years ago after it bought Braintree, where he was CEO (along with Venmo). Prior to that, the payments veteran was president of iPay Technologies.

PayPal

Finovate

SEPTEMBER 23, 2024

The bank not only prevented its customers from accessing Venmo in 2019, it also blocked multiple data aggregators, including Plaid, claiming they circumvented PNC’s security protocol. That’s because PNC’s partnership with Plaid indicates a positive change in attitude toward open banking in the U.S.

Credential

PYMNTS

DECEMBER 1, 2020

days to settle — a sharp contrast to the real-time payments that have become ubiquitous in everyday life through apps such as Venmo or Zelle,” the CFO’s Guide states. with more than 140 American banks implementing such payments so far this year — an increase of more than 500 percent since September 2019. B2B invoices generally take 37.4

Process