Payments News

On The Web

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Domains

Snapchat Will Shut Down Snapcash, Forfeiting To Venmo

“Snapcash may have become more of a liability than a utility. With apps like Venmo, PayPal, Zelle, and Square Cash itself, there were plenty of other ways to pay back friends for drinks or Ubers, so Snapcash may have seen low legitimate usage. Meanwhile, a quick Twitter search for “Snapcash”surfaced plenty of offers of erotic content […]
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Companies

Uber And Uber Eats Now Let You Split The Bill Using Venmo

“A key factor in this latest partnership appears to be data suggesting Venmo was already a popular mechanism for sharing payments between multiple Uber riders. Someone would pay for an Uber ride through their account, as usual, and then request reimbursement from their friends through Venmo. According to the company, more than 6 million Venmo […]
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Companies

Nobody Says ‘Zelle Me’: Banks Struggle to Catch Up to Venmo

“A year in, Zelle’s reviews are mixed. Usage is up, but most banks haven’t signed on, meaning many consumers can’t use it without downloading a separate app. It also fell short of its goal to have 33 banks on the network by its first anniversary, and behind the scenes, it runs on plumbing that’s more […]
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Companies

Why Millennial Favorite Venmo Is Paypal’s Key to Future Success

“The possibilities are endless for Venmo, as it can be a payment option in any industry that has straightforward exchanges of money. Uber and Abercrombie & Fitch ANF are just two examples of Millennial-loved companies that Venmo has recently partnered with. These moves are part of a larger “Pay with Venmo” initiative, a long-term strategy to monetize Venmo. PayPal’s latest quarterly […]
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Domains

Why Apple Pay Is the Highest-Rated Mobile P2P Payment Service

“In light of the quick rise of P2P—and its potential financial and privacy risks—Consumer Reports tested five mobile P2P services to see how they stacked up for user protections. In our first-ever test-based ratings of P2P mobile services, CR rated Apple Pay the highest overall, with excellent or very good marks in the key consumer-protection […]
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On The Wires

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Companies

Zelle Study Finds Growing Use Of Digital Payments Across Generations

“The study found that adoption and usage of digital person-to-person (P2P) payments are high among all generations, with consumers pointing to trust in friends and family and trust in their financial institutions as the primary reasons for engaging in a digital payment. Boomers ranked trust in financial institutions as the most important influence on engaging […]