Venmo Glitch Opens Window on War Between Banks, Fintech Firms

Wall Street Journal

“Many PNC clients are having trouble connecting their bank accounts to their Venmo apps, cutting off their access to the popular mobile-payment system, owned by PayPal Holdings Inc. PYPL 1.78% When they have sought help, they have found the two companies blaming each other for the disruption. PNC Financial Services Group PNC 0.23% suggested in tweets that customers switch to Zelle, a payment app that it and other big banks operate jointly and that competes with Venmo.”