Topic:

Mobile Pay

Mobile Pay

Venmo Skips the Middle Man and Hooks Up With Banks

Venmo isn’t a big enough player in mobile payments to merit trash talk from incumbent money-mongers Visa and PayPal the way Google has, but the New York and Philly-based company is making moves. It used to take up to two weeks to transfer money from Venmo to your bank account. Now it takes 24 hours, the result of working directly with banks. But is it Visa, PayPal or Google Venmo has to worry about? Bank of America, JPMorgan Chase and Wells Fargo are gradually rolling out a network within which seamless person-to-person payments can be done from a cell phone; ex-Twitter founded start-ups BankSimple and Square have their eyes on this feature as well.

Mobile Pay

Cutesy Venmo Receipts Are Now a Thing

Friends and money, they don’t always mix. But they have to: Exchanging money with friends is impossible to avoid. Drinks, taxis, dinners and cable bills are just some of the things for which we become financially indebted to each other, sometimes for substantial amounts (thanks, expensive City).

There are a few problems with this. Venmo, Read More