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

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2020s Payment Trends, Fighting Fraud With AI, Gas Station Cyberattacks Top This Week’s News
2020s Payment Trends, Fighting Fraud With AI, Gas Station Cyberattacks Top This Week’s News
December 20, 2019  |  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...

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PNC Blocks Venmo, Tells Users To Switch To Zelle
PNC Blocks Venmo, Tells Users To Switch To Zelle
December 16, 2019  |  Mobile Payments

In financial services, access to data is, well, everything. Financial institutions, of course, use data to create new products and services to cement customer loyalty. ...

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P2P Payments’ Rising Appeal Beyond Millennials
P2P Payments’ Rising Appeal Beyond Millennials
November 06, 2019  |  Payment Methods

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...

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As P2P Payments Grow, More Consumer Groups Get Into The Mix
As P2P Payments Grow, More Consumer Groups Get Into The Mix
November 04, 2019  |  Digital Payments

P2P payment services are stretching their wings, headed into the new decade with mostly robust growth – and even some new plans to gain customers...

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Venmo Card Now Offers Cash-Back Rewards
Venmo Card Now Offers Cash-Back Rewards
October 29, 2019  |  Payment Methods

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...

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PayPal Active User Base Grows 16 Pct, Hits 295M
PayPal Active User Base Grows 16 Pct, Hits 295M
October 23, 2019  |  Earnings

PayPal reported third-quarter results Wednesday that showed continued growth in peer-to-peer (P2P) transactions and customer engagement — and the firm passed a monthly billion-transaction milestone....

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Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith For Pay By Bank
Top News In Payments: PayPal To Roll Out Venmo Credit Card; Mastercard Teams With WHSmith...
October 18, 2019  |  News

Today in the payment’s news roundup, PayPal is teaming with Synchrony Financial to put forward a Venmo co-branded credit card next year. Also, Mastercard is...

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PayPal Launches Venmo Credit Card
PayPal Launches Venmo Credit Card
October 17, 2019  |  Payment Methods

Online payments giant PayPal is teaming with Synchrony Financial to roll out a Venmo co-branded credit card next year, marking a first for the peer-to-peer...

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Why Paper Checks Continue To Dominate Online Rebates
Why Paper Checks Continue To Dominate Online Rebates
October 03, 2019  |  Disbursements

Checks are still used for 75 percent of rebate payouts, but the tide may finally be turning. Online rebate providers are experimenting with new payout...

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