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Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

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 In the midst of the COVID-19 pandemic, digital payments have become more important and essential than ever,” CEO and President Dan Schulman said in announcing the results. “Our

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How Venmo's card keeps the attention on its app

Payments Source

Despite a reputation for being the go-to P2P app of digital natives, Venmo is once again pushing its market in the opposite direction with the debut of a plastic card.

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Mobile Payments Fraud: How Strong Is Your Defensive Line?

FICO

And with the close of football comes the final push for fantasy football team owners as they navigate the final few weeks of the season. Not a mobile payment, Venmo or Zelle, PayPal or Cashbot was in sight. Mobile Payments Proliferate. Mobile Payments Are Tied to DDA and Savings Accounts.

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Venmo’s New Boss On Its Next Chapter

PYMNTS

That ancient proverb, one oft-repeated by mothers and fathers to their daughters and sons over generations, also applies to PayPal’s Darrell Esch’s path to his new role as general manager of Venmo. But as usage patterns shifted dramatically, something was equally visible on the Venmo platform.

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Serving Mobile P2P Payments To The Gen X Crowd

PYMNTS

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). Legacy banks are similarly at work, with one major FI seeking to beat out FinTech competition by offering same-day access to credit card deposits. Around the Faster Payments World.

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Mobile Payments: CakePay Is Eating the World

FICO

As a payments professional with a sweet tooth, the name is as good as it gets: CakePay , the mobile payment app rolled out by The Cheesecake Factory a few months ago. It’s kind of like built-in Venmo and a calculator, combined. Payment apps boost operational efficiencies. And it was great. And it was great.

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Fraud Protection for P2P Payments at Point of Sale

FICO

As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register. At other places the Venmo user scans the store’s QR code. PayPal made a big push in 2020 to expand its POS presence. Hello Panda.

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