Venmo


Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. Venmo is a type of payment rail. It handled $31 billion in transactions in the first quarter of 2020.

(source: venmo.com)

Restaurant Supply Chain Platform xtraCHEF Adds Former Venmo COO As Adviser
Restaurant Supply Chain Platform xtraCHEF Adds Former Venmo COO As Adviser
May 21, 2020  |  Personnel

Oak HT/FC Executive in Residence Michael Vaughan will now serve as an advisor for accounts payable and automation and business intelligence firm xtraCHEF, where he’ll...

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How PNC Is Fighting Pandemic-Fueled Financial Crime
How PNC Is Fighting Pandemic-Fueled Financial Crime
May 21, 2020  |  Fraud Prevention

Financial crime is a never-ending concern for banks, credit unions (CUs) and other financial institutions (FIs), with trillions of dollars and untold terabytes of personal...

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PayPal Brings In ‘Silver Tech’ Segment Amid Pandemic
PayPal Brings In ‘Silver Tech’ Segment Amid Pandemic
May 18, 2020  |  Digital Payments

As individuals throughout the country stay in their residences to avoid spreading the virus and cash is viewed as a germ risk, PayPal is bringing in...

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Deep Dive: How Customer Behaviors Drive Demand For Mobile Disbursement Innovation
Deep Dive: How Customer Behaviors Drive Demand For Mobile Disbursement Innovation
April 13, 2020  |  Disbursements

The number of smartphone users worldwide has grown exponentially in recent years, with some reports projecting there will be 3.5 billion users by the end of...

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Plaid Offers Lenders Payroll Data To Expedite SMB Loans
Plaid Offers Lenders Payroll Data To Expedite SMB Loans
April 06, 2020  |  Loans

Plaid, a startup being acquired by Visa, wants to help money get to those who need loans faster. To do so, it’s attacking the problem...

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COVID-19 Cash Flow, Grocery Payments, Lyft Driver ‘Referrals’ Top This Week’s News
COVID-19 Cash Flow, Grocery Payments, Lyft Driver ‘Referrals’ Top This Week’s News
April 03, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

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Today In Payments: Airbnb Execs Take Less Pay; Venmo, Square Cash Vie To Disperse Stimulus Funds
Today In Payments: Airbnb Execs Take Less Pay; Venmo, Square Cash Vie To Disperse Stimulus...
March 30, 2020  |  News

In today’s top news, Airbnb’s executives will forego six months of salary, while the company pauses $800 million in marketing plans, and Venmo and Cash...

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A Debit-Enabled Fix To In-Store Checkout Abandonment
A Debit-Enabled Fix To In-Store Checkout Abandonment
March 30, 2020  |  Next-Gen Debit

Debit cardholders often choose this payment method because it is more secure than carrying cash — which cannot be recovered if lost — and may...

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Venmo, Square Cash Vie For Stimulus Funds Distribution
Venmo, Square Cash Vie For Stimulus Funds Distribution
March 29, 2020  |  Payment Methods

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. The popular...

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