PYMNTS

DECEMBER 2, 2020

Participating tech investors included executives from Facebook, Square, Venmo, Visa and others. Step customers get a bank account that is insured by the FDIC, as well as a secured spending card backed by Visa and the P2P payments platform. To date, Step has raised more than $75 million from investors, including $22.5

Financial Literacy 86

Financial Literacy FinTech FDIC Venmo 86

PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. consumers are now using some kind of P2P mobile application, such as Venmo.”. A recent Federal Deposit Insurance Corp. consumers will likely start rising again as a result of the pandemic recession. Thirty-one percent of U.S.

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

PYMNTS

MARCH 26, 2020

Square also made the jump into officially becoming a bank this week, with the award of an ILC banking license by the FDIC. He cited Venmo as a terrific example of this – as well as an example of how banks working in concert to be more digitally focused can respond with digital innovations of their own. What we learned was interesting.

Innovation 96

Innovation Non-Bank Venmo ATM 96

PYMNTS

JULY 25, 2019

Other options, such as credit cards and payment apps like Venmo , are increasingly gaining traction. FDIC) estimated that 6.5 That’s especially true among younger users such as millennials. But Ives noted that hesitance to go cashless, in some industries, arises from concerns about disenfranchising the underbanked.

Online and Mobile Banking 75

Online and Mobile Banking Payments Cross-Border Alternative Payment Methods 75

CB Insights

APRIL 4, 2019

Plaid is the engine that powers popular consumer apps such as Robinhood, Venmo, Coinbase, and Betterment). Former FDIC Chair – Because who better to share insights on the US fiscal policy and the state of the economy than the former FDIC Chair?

FDIC 30

FDIC FinTech Venmo Economy 30

PYMNTS

OCTOBER 26, 2018

The improvement is tied to the strength of the economy, and the survey conducted by the FDIC also found an improvement in the “underbanked” rate, which was 18.7 PayPal and Venmo are gaining traction, as Zelle saw 15 percent growth quarter over quarter to 116 million transactions in Q3, worth $32 billion. percent last year, 1.2

Office of the Comptroller of the Currency 53

Office of the Comptroller of the Currency B2C Online and Mobile Banking P2P 53

PYMNTS

NOVEMBER 9, 2017

But tech and retail players have worked around this by offering an ever-greater number of financial services — or financial service adjacent-services — like Apple Pay, Venmo and LendingClub.

Regulations 40

Regulations OCC Request for Comment Non-Bank 40