PYMNTS

MARCH 29, 2020

Venmo and Cash App want to be considered as ways the U.S. government could deliver its stimulus funds to help the coronavirus-wrecked economy. Though the money is planned to be distributed via direct deposit , that option may not be feasible for everyone.

Venmo 97

Venmo Treasury Federal Reserve Direct Deposit 97

PYMNTS

DECEMBER 22, 2020

In addition, customers who used PayPal or Venmo 's Direct Deposit features to receive the stimulus checks the first time via the CARES Act will receive the new $600 payments automatically through the same service this time if they're eligible for the checks.

Checks 113

Checks PayPal Direct Deposit Venmo 113

PYMNTS

OCTOBER 8, 2018

According to the latest Gig Economy Index , more than one-third of the U.S. PYMNTS research found that 51 percent of full-time gig workers prefer to be paid via PayPal , which outranked all other forms of payment, including direct deposit. Direct Deposit’s Rebuttal. The Ubiquity (And Certainty) Of PayPal.

Direct Deposit 67

Direct Deposit PayPal Wire Transfer Zelle 67

PYMNTS

JULY 29, 2020

And the company credited its Venmo peer-to-peer (P2P) payments platform and QR code-based contactless-payments system for a big part of that success. “In PayPal said that in addition to the overall company’s record performance, Venmo put up all-time-best numbers as well. And we’re seeing all of that reflected in the usage of Venmo.

Venmo 84

Venmo PayPal Direct Deposit Adjustments 84

PYMNTS

JANUARY 21, 2020

The payroll has not seen much disruption since the introduction of direct deposit to accelerate workers’ access to earned wages. But a new generation of workers is now driving monumental changes in the way businesses employ and pay talent, with their participation in the gig economy a key driver of those shifts.

Payroll 68

Payroll Economy On-Demand Direct Deposit 68

PYMNTS

OCTOBER 9, 2020

Additional investors included Founder Collective, Walkabout Ventures, former Venmo COO Michael Vaughan and Seamless Founder Paul Appelbaum. “We People who use Clair for direct deposit can get free advances on a percentage of their wages. New York City-based FinTech startup Clair has raised $4.5

Direct Deposit 101

Direct Deposit CFPB Venmo Faster Payments 101

PYMNTS

FEBRUARY 24, 2020

Freelancers contribute more than $1 trillion to the American economy alone, and their freedom represents a challenge for businesses that have not yet tailored their payment processes to the gig economy. Venmo, for example, does not require users to link to such accounts, and often forgoes fees for certain transactions.

Online and Mobile Banking 62

Online and Mobile Banking Payments ACH Economy 62