Payments Source

NOVEMBER 26, 2018

PayPal is using Venmo's fast growth to power several initiatives, but the app suffered a damaging fraud surge early this year, showing it's not immune from enrollment fraud that challenges the entire P2P sector.

Venmo 62

Venmo P2P PayPal Enrollments 62

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. However, P2P’s future growth will depend on solving problems related to data privacy and other issues — at least, according to some observers. P2P Partnerships.

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P2P Zelle Venmo Debit Card 79

Payments Dive

JUNE 2, 2023

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

P2P 103

P2P CFPB Venmo PayPal 103

Clearly Payments

AUGUST 24, 2024

Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year. In 2023, Venmo processed over $245 billion in transactions, a 32% increase from the previous year.

Debit Card 105

Debit Card P2P Cross-Border Central Bank 105

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to peer-to-peer (P2P) payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth.

Zelle 58

Zelle Venmo P2P PayPal 58

Payment Savvy

JUNE 7, 2023

When looking for a new payment method for business, Venmo may not be the first option to spring to mind. Venmo can also be used by companies to provide their customers with yet another convenient payment option. Venmo can also be used by companies to provide their customers with yet another convenient payment option.

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Venmo Transaction Limits Accounts Transactions 98

PYMNTS

FEBRUARY 20, 2019

In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will come into that size, noting, “That’s sort of the market — total adjustable market — we’re playing into.” P2P, or peer-to-peer payments, is exploding in the market. There are markets and there are $100 trillion markets.

PayPal 87

PayPal Digital Payments Venmo Zelle 87

PYMNTS

SEPTEMBER 24, 2019

Person-to-person (P2P) payments providers are also trying to accelerate their services. PayPal recently announced that it would enable users of its Venmo P2P app to instantly transfer funds to bank accounts over The Clearing House’s Real-Time Payments rail. Meeting Older Generations’ Rising Demands for Mobile P2P.

P2P 98

P2P Faster Payments Push-to-Card Point-of-Sale (POS) 98

Payments Source

JANUARY 31, 2019

Venmo is not a moneymaker for PayPal yet, but that's not stopping the online and mobile payments giant from dreaming big about where its P2P service is headed.

Venmo 62

Venmo PayPal P2P Mobile Payments 62

PYMNTS

JULY 28, 2020

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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Venmo PayPal Direct Deposit P2P 104

PYMNTS

OCTOBER 29, 2018

Shopify announced late last week that it is adding Venmo as a checkout option for its Shopify Merchants that use PayPal checkout. By accepting Venmo directly in your online store, users can complete their purchase in just a few clicks. The addition of Venmo comes at a time when Shopify is seeing sales slow.

Venmo 69

Venmo PayPal P2P Adjustments 69

PYMNTS

MAY 7, 2020

But many firms and all firms are two different things, and while from a humanitarian perspective PayPal clearly wishes COVID-19 never happened, by the numbers it is undeniable that it has boosted its business. April 2020 was also a record-breaking month for PayPal in terms of enrollment and use. PayPal added 7.4 66 non-GAAP EPS.

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PayPal Transactions Process Venmo 99

PYMNTS

NOVEMBER 10, 2016

It has been a good year for P2P transfers on the PayPal platform — which encompasses eponymous PayPal as well as Venmo and Xoom. As of yet, PayPal has done $41 billion in P2P transactions in 2016 — and is expecting that holiday 2016 will bring on another 17 million transactions across its services.

PayPal 70

PayPal P2P Venmo AI 70

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. Why P2P Payments Need Fraud Protection.

P2P 69

P2P Venmo Online and Mobile Banking PayPal 69

PYMNTS

OCTOBER 29, 2019

Venmo, the peer-to-peer (P2P) payments platform from PayPal, is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, Venmo announced in a press release on Tuesday (Oct. PayPal uses the Dosh cash-back platform to manage the Venmo program. .

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Venmo Debit Card PayPal P2P 54

Payments Source

JULY 24, 2019

The P2P service, based on the time its users spend with it, has the capability of luring users into other services attached to Venmo.

Venmo 71

Venmo P2P PayPal Payments 71

PYMNTS

JULY 26, 2018

Venmo , the P2P service owned by PayPal , took in more than $14 billion in payments volume during the second quarter of 2018, a 78 percent year-over-year increase. Venmo Growth. For Venmo, some of the numbers were less than detailed. retailers that accept PayPal.

Zelle 42

Zelle Venmo P2P PayPal 42

PYMNTS

OCTOBER 23, 2018

The third quarter proved more than kind to P2P payments , at least according to financial results for the two main competitors, Zelle and Venmo , which continue to duke it out for market share and consumer loyalty — and doing so as another big digital player prepares to debut a P2P offering. Venmo Growth. On Tuesday (Oct.

Zelle 43

Zelle Venmo P2P PayPal 43

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. 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 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

OCTOBER 5, 2020

And CVS in August became the first major retailer to introduce PayPal QR code technology, which it plans to roll out in its 8,200 U.S. The combination has prompted some businesses to outright ditch physical payment instruments and require customers to pay via a credit card on file and to tip via peer-to-peer (P2P) payment apps.

Contactless Payments 144

Contactless Payments Consumer PayPal Payments 144

PYMNTS

JULY 25, 2019

According to PayPal , call it a hiccup, a delay, not a loss — and not lost sales. Wall Street was down on PayPal’s growth forecasts when the payments giant reported earnings Wednesday (July 24) afternoon after the bell, sending shares skidding roughly 7 percent. On Wall Street, as in life, there’s the benefit of the doubt.

Venmo 72

Venmo Volume PayPal Transactions 72

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.

P2P 49

P2P Zelle Venmo RTP 49

PYMNTS

MAY 17, 2018

Square may be closing in on PayPal a bit, with the company’s monthly downloads of the Square Cash app increasing at a faster rate. Barron’s , citing a research report issued this week by Nomura Instinet, reported that monthly downloads of Square Cash are happening at a faster clip than PayPal’s Venmo mobile payment service.

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Venmo PayPal Debit Card Bitcoin 54

PYMNTS

OCTOBER 8, 2018

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. The Ubiquity (And Certainty) Of PayPal. However, the same can’t be said of PayPal. Until that changes, it’s likely that the preference for PayPal will remain.

Direct Deposit 67

Direct Deposit PayPal Wire Transfer Zelle 67

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. P2P and Millennials. About a fifth, by comparison, had used Venmo for gambling. P2P Growth.

P2P 46

P2P Venmo Zelle Law Enforcement 46

PYMNTS

OCTOBER 3, 2016

Citibank Joins The P2P Party. Bancorp, among others, representing the big banks’ best hope of stealing some of PayPal/Venmo’s P2P thunder. Bancorp, among others, representing the big banks’ best hope of stealing some of PayPal/Venmo’s P2P thunder. Better late than never.

PayPal 64

PayPal Zelle Venmo P2P 64

PYMNTS

APRIL 9, 2019

The new Disbursements Tracker highlights recent efforts by businesses, banks and government agencies to improve payment practices by delivering on consumers’ speedy expectations, and how th e rise of peer-to-peer (P2P) services like Venmo and Zelle are raising the disbursements bar. Around the World of Disbursements.

Venmo 75

Venmo Zelle P2P Push-to-Card 75

PYMNTS

JANUARY 24, 2019

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to reports. PayPal, which owns Venmo, hasn’t reported Q4 numbers yet, so it’s hard to compare with Zelle.

Zelle 69

Zelle Volume Process Venmo 69

FICO

SEPTEMBER 14, 2021

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.

P2P 52

P2P Venmo Online and Mobile Banking PayPal 52

PYMNTS

JULY 17, 2018

The Q2 earnings season has just kicked off, and it’s already helping shedding light on recent developments in the peer-to-peer (P2P) world — most notably, the shape of the ongoing competition between Zelle and Venmo. User data from the financial institution (FI) showed 142 percent year-over-year growth in Zelle P2P transactions to 35.1

Zelle 40

Zelle Venmo P2P Privacy 40

PYMNTS

FEBRUARY 19, 2018

When a consumer or a company wants to send a payment, they can now do so instantly from their smartphone with services such as Apple Pay or Venmo. percent of payments executives are focused on peer-to-peer (P2P) payments. To make a profit from the service, Venmo charges a processing fee to the retailer. A whopping 42.5

P2P 57

P2P Venmo Payments Credit Union 57

EBizCharge

JULY 24, 2024

From the simplicity of splitting a meal cost to scrambling for a wallet-less solution at a flea market, peer-to-peer (P2P) payments offer a modern alternative to traditional cash and check systems. Understanding the mechanics of P2P payments is crucial for businesses looking to stay ahead in the increasingly cashless marketplace.

P2P 52

P2P PCI DSS Encryption Fraud Prevention 52

PYMNTS

OCTOBER 16, 2017

Venmo has a new creative campaign, but if you like it, don’t rave about it — just _ them. According to Venmo’s Head of Marketing, Kasia Leyden, the idea is to put users’ stories front and center, making the money transfer company the only brand that can fill the blank in whatever occasion they’re sharing. Let’s not make it awkward.

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Venmo P2P PayPal Use Case 44

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.

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Venmo Zelle P2P Underwriting 51

PYMNTS

APRIL 26, 2018

“I’m pleased to say PayPal had another quarter of great results and we’re off to a great start in the new year,” CEO Dan Schulman noted at the opening of his remarks to investors when reporting 1Q 2018 results and providing insight into the company’s ambitious plans for future growth. By the Numbers. Revenue for the quarter was $3.69

PayPal 47

PayPal Volume Venmo P2P 47

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. Payments transactions were 2.5

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PayPal Venmo Zelle Volume 49

PYMNTS

APRIL 24, 2019

Zelle has also been touting an ad campaign called “Everyday Better,” to highlight person-to-person (P2P) payments. Although digital P2P adoption first caught on with millennials, adoption of P2P services continues to rise among all generations. Zelle also had a fortuitous fourth quarter , along with Venmo.

Zelle 61

Zelle Payment Networks Process Venmo 61