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July 18, 2018
Top Post
PayPal’s Venmo App Exposes Most Transactions Via Its API
Bleeping Computer
“The vast majority of Venmo transactions are being logged in a public API accessible to anyone, according to the recent investigation of a privacy advocate. The reason this happens is because the Venmo app’s default settings are set to “Public” for all users. Unless users specifically change this value, all the transactions they make via the Venmo money-sending app are logged and made available to anyone via the Venmo public API. Data exposed via this API includes the first and last name of the sender and recipient, Venmo avatars, the date of the transaction, a comment regarding the transaction, transaction types, and more.”
July 12, 2018
Top Post
Uber And Uber Eats Now Let You Split The Bill Using Venmo
Venture Beat
“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 payments last year mentioned the word “Uber,” which offers some indication as to how popular this new payment integration should prove.”
June 25, 2018
On the web
Venmo Officially Launches Its Own Mastercard-branded Debit Card
TechCrunch
“Venmo today is officially introducing its own debit card in partnership with Mastercard, following beta tests of a Visa-branded debit card last year. The new card will allow Venmo users to pay anywhere Mastercard is accepted in the U.S., and will record transactions to the user’s Venmo account for easy splitting with friends. It can also be used at an ATM to withdraw funds from the Venmo’s account’s balance.”
June 15, 2018
Top Post
Zelle Forecast To Overtake Venmo This Year
TechCrunch
“Despite some concerns over its adoption by scammers, new payment service Zelle is shaping up to overtake rival Venmo this year, according to a new forecast from eMarketer. The firm expects Zelle to grow more than 73 percent in 2018, to reach 27.4 million users in the U.S., ahead of Venmo’s 22.9 million. Square Cash will trail with 9.5 million users. This growth isn’t necessarily chalked up to user preference, but rather, ubiquity.”
On the web
Venmo Is Discontinuing Web Support For Payments And More
TechCrunch
“The decision represents a notable shift in product direction for Venmo. Though best known as a mobile payments app, the service has also been available online, similar to PayPal, for many years. The Venmo website today allows users to sign in and view their various transaction feeds, including public transactions, those from friends, and personal transactions. You can also charge friends and submit payments from the website, send payment reminders, like and comment on transactions, add friends, edit your profile, and more.”
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