Banks are gearing up to take on payments competition from stablecoins, which could increase after Congress passed the Genius Act.

However, legislation spearheaded by Sen. Elizabeth Warren (D-MA) seeks to shift more liability onto payment platforms like PayPal, Zelle, and Venmo, regardless of the transactions’ details.

There are lots of card offerings that offer 3% cash-back, so Venmo isn’t novel there. Its innovation is focused on how to help customers maximize the 3% by tailoring it to higher-spend categories on a ...

The Consumer Financial Protection Bureau wants to extend its watchdog powers to cover digital wallets and payment apps run by companies like Apple, Google, PayPal and Block, which do not have ...

SAN JOSE, Calif., Jan. 25, 2024 /PRNewswire/ -- PayPal Holdings, Inc. (NASDAQ: PYPL) today announced six new innovations the company is piloting and bringing to market this year to revolutionize ...

Over the course of several decades, the introduction of plastic has been one of most notable innovations in payments from banks. However, the last few years have witnessed a steady stream of new ...

There are also the growing alternative payment models that compete with these traditional options including Apple Pay, Google Pay, Venmo, PayPal, and Cash App.

PayPal-owned Venmo is today rolling out two changes to its peer-to-peer payments app, including the ability to donate to charities through Venmo as well as a redesigned money-sending experience.