2019 was a banner year for mobile banking with finance apps accessed more than one trillion times and registrations growing...
A new survey by Promotory Interfinancial Network of 543 senior bank executives showed that their number one fear is the...
Venmo continues to pay dividends for PayPal with the p2p payments app growing payments volume by 56 percent in the...
Let’s look at the recent Fortnite blackout and compare it to neobank Chime's embarassing down time, as well as explore the business model implication of what it means to be the social square where people hang out. Does Finance have such an equivalent? Maybe it is Venmo, crypto Twitter, or the credit unions. We also look at statistics behind influencer marketing, and how influencers have usurped the position of music labels. Perhaps banks should get ahead of this game too.
Venmo is getting ready to seal a deal with Synchrony Financial to offer a credit card in a bid to...
Square’s Cash App, PayPal’s Venmo and Zelle have all reached out to the government to lend a hand in getting...
Venmo is reportedly testing a debit card for teenagers that would connect to their parents account; the new card would...
I dig deeply into the $5.3 billion acquisition of data aggregator Plaid by $500 billion payments network Visa. We examine why this deal is worth 25-50x revenue, while Yodlee's sale to Envestnet was priced much lower. We also look at how Plaid could be an existential threat to Visa, and why paying 1% of marketcap to protect 200 million accounts may be a good bet. Broader implications for product manufacturers across payments, investments, and banking also emerge -- the middle is getting carved out, and infrastructure providers like Visa or BlackRock are moving closer to the consumer.
In their first quarter earnings call yesterday PayPal revealed the scale of Venmo for the first time; in the past...
According to new research by American Banker almost two thirds of banks are in the process of implementing p2p payments;...