According to TechCrunch, scammers are using Zelle to take advantage of customers; a seller of a product who is attempting to defraud customers will ask a customer to pay using Zelle instead of PayPal; many users are not aware that Zelle does not provide some of the same buyer protections that PayPal has been known for; Zelle is more similar to Venmo for transferring money to those you trust. Source
Venmo announced late last week a new feature called Business Profiles; the feature allows SMBs to have a profile on...
Walia sees plenty of activity in BNPL, beginning with brands partnering with banks to introduce their BNPL capability.
Venmo users have started to use the payments app to show their appreciation to sports stars or celebrities; in most...
Venmo currently accounts for about 39 percent of PayPal’s digital p2p payments business; PayPal and Venmo only charge users a fee when they use their credit cards, though Venmo has started to diversify their offerings to help PayPal’s bottom line; Venmo has expanded Pay with Venmo and started a instant cashout service which both have fees associated with them; they have seen fast adoption with both and the hopes are that a breakthrough year is coming soon. Source.
Square’s Cash App, PayPal’s Venmo and Zelle have all reached out to the government to lend a hand in getting...
A new study by J.D. Power says midsize banks should be using email a lot more when communicating with customers;...
A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the...
Welcome back to the Fintech Blueprint / Rebank podcast series hosted by Will Beeson and Lex Sokolin. Max Friedrich is a fintech analyst a ARK Invest, a public markets investment manager focused on disruptive technologies including autonomous tech, robotics, fintech, genomics and next generation internet. Max recently published a report on digital wallets, including Venmo and Square’s Cash App, which is available for download on ARK’s website. In this conversation, we explain why Cash App has seen exponential growth.
Another Profitable Year for Marlette Funding as Best Egg Surpasses $7B of Personal Loans Blockchain RegTech Startup TRM Secures $1.7...