Payments Source

AUGUST 13, 2020

Payments platform APEXX Global is working with PayPal to expand payment methods to e-commerce merchants using APEXX, including the addition of the Venmo P2P digital wallet.

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Venmo PayPal P2P Payments 83

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

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. Company officials also seemed pleased with their efforts to introduce more revenue-attracting services to Venmo — a positive sign for the spread of P2P payments as a whole.

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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.

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Zelle Venmo P2P PayPal 43

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

PYMNTS

JANUARY 19, 2021

Venmo customers as of October 2020 offers a clearer snapshot of these customers' new financial habits and purchase and shopping behaviors, and how they view Venmo as a payment method. Generation Venmo, some 65+ million consumers who have downloaded and used the app, according to the new data released Tuesday (Jan.

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Venmo Wires Wire P2P 79

Payments Dive

SEPTEMBER 21, 2023

The bank has launched a feature enabling Varo account holders to instantly transfer funds at no cost to anyone with a U.S. debit card.

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Volume Venmo Debit Card P2P 88

PYMNTS

DECEMBER 30, 2019

Popular financial app Venmo briefly went down for a few hours on Monday (Dec. According to Down Detector , an online platform tracking website issues, Venmo’s problems increased in the late morning and continued into the early afternoon. “We 30), the company confirmed, according to reports.

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Venmo Request for Comment Debit Card Online and Mobile Banking 52

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

AUGUST 8, 2017

Venmo recently launched a new QR code feature to more easily locate friends within its mobile payments app. According to a news report in TechCrunch , the new feature is aimed at easing the person-to-person (P2P) payments process, making it easier for users to add connections to the list of people they pay — or who pay them.

Venmo 46

Venmo P2P Mobile Payments Payments 46

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

PYMNTS

SEPTEMBER 23, 2020

Origin said the digital currency is a natural addition to its aim of facilitating peer-to-peer (P2P) commerce. Dhar came to Coinbase from Venmo , where she was head of Product, and Byakod is coming to the firm from Adobe , where he supervised operations and development for its commerce platform. "In 23) announcement.

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Origination Stablecoins Venmo P2P 67

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. Payment frictions and P2P’s impact. Driving faster payments forward.

Real Time Payments 106

Real Time Payments P2P B2B Zelle 106

Payments Source

MARCH 4, 2019

The bank-run Zelle P2P network was designed without the social media-esque touches that made Venmo a hit among millennials. And as one might expect, half of all new P2P users are 45 and older.

Zelle 84

Zelle P2P Venmo Mobile Payments 84

Payments Source

JUNE 12, 2019

Bento for Business is taking a page out of the Venmo P2P playbook in launching its own Bento Pay instant payment app for higher-value B2B payments.

P2P 73

P2P Venmo Instant Payments B2B 73

PYMNTS

NOVEMBER 16, 2020

American Express is teaming up with PayPal and Venmo to offer a new way for their customers to send money, split purchases and manage their expenses. Cardholders will be able to send money to any PayPal or Venmo customer directly from the American Express App. We have a large roadmap around this for Venmo as well.”.

Venmo 103

Venmo PayPal Enrollments BNPL 103

Payments Dive

APRIL 11, 2023

Visa will help connect PayPal and its Venmo unit via a new P2P tool that will also draw in other payments players, including DailyPay and Western Union.

PayPal 97

PayPal Venmo P2P Payments 97

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.

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Venmo PayPal Direct Deposit Adjustments 84

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

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

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. Venmo is a PayPal company. What does that mean for fraud professionals?

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P2P Venmo Online and Mobile Banking PayPal 52

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.

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P2P Venmo Zelle Law Enforcement 46

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 Real Time Payments 98

Agile Payments

JANUARY 29, 2019

We receive regular inquiries from start-ups as well as established businesses that believe they have a killer app that can be the next Venmo or Zelle.

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P2P Zelle Venmo Payments 128

Payments Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

P2P 119

P2P Venmo FinTech Digital Payments 119

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.

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Venmo PayPal P2P Adjustments 69

PYMNTS

JANUARY 21, 2020

21), users of cash-sending app Venmo will have the ability to send animated custom stickers through the app’s newsfeed. To create the stickers, Venmo worked with Holler, which specializes in generating content for expressive visual messaging — usually intended for fun. As of today (Jan.

Venmo 52

Venmo Instant Payments P2P On-Demand 52

Payments Source

APRIL 10, 2018

Bill.com has implemented a strategy to make B2B payments more like Zelle or Venmo, removing the same pain points that those P2P apps do for consumer payments.

Venmo 75

Venmo B2B Zelle P2P 75

Payments Source

JUNE 25, 2018

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.

Venmo 62

Venmo Push-to-Card P2P Mobile Payments 62

PYMNTS

NOVEMBER 6, 2019

Peer-to-peer ( P2P ) payments are exploding. P2P payment network Zelle’s Q3 results show its year-over-year payment values rose by 58 percent, while transaction volume increased by 73 percent. Zelle competitor Venmo is also on the rise. By Q3 measures, Venmo was up 64 percent year over year. Instant Payment Innovations.

P2P 42

P2P Zelle Venmo Debit Card 42

Payments Source

JUNE 15, 2018

As competition from the bank-powered Zelle mounts, the popular social P2P app Venmo is phasing out support for online payments in favor of its mobile app.

Zelle 63

Zelle Venmo P2P Payments 63

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

Payments Source

OCTOBER 15, 2018

As Venmo does battle with Zelle and Square for consumers' P2P payments, one thing is clear: Innovation is not cheap.

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Venmo Zelle P2P Innovation 68

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.

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Zelle P2P Scams Financial Crimes 89

Payments Source

NOVEMBER 24, 2020

residents have in Venmo, Square Cash and Zelle. JoomPay Europe S.A. is launching a person-to-person payment app throughout Europe that it says will give consumers an instant money transfer tool similar to what U.S.

P2P 85

P2P Zelle Venmo Consumer 85

PYMNTS

NOVEMBER 4, 2019

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers and keep a tight hold on existing consumers. Venmo, the P2P service owned by PayPal, has a Q3 processed volume of some $27 billion, while P2P volume stood at $51 billion.

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P2P Zelle Venmo Consumer 40

The Paypers

APRIL 21, 2021

PayPal-powered P2P mobile payments app Venmo launched supporting cryptocurrencies, allowing users to buy, sell, or hold Bitcoin (BTC) and other coins.

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Venmo P2P PayPal Bitcoin 31