Venmo

Scottie Scheffler has taken the golf world by storm in recent years and enters the 2025 US Open as the heavy betting favorite. The golfer shared a unique story about his Venmo account ahead of the tournament. What Happened: Scheffler has made bettors plenty of money in recent years with his top...

Shares of Western Union Co. (NYSE:WU) and Remitly Global, Inc. (NASDAQ:RELY) are on watch after a short seller on Friday claimed that a crackdown on cartels could hit the remittance companies' bottom lines.  The Details: Hunterbrook published a short report outlining what the firm sees as a...

Editor’s note: This story has been updated with comment from Zelle and Bank of America. The Consumer Financial Protection Bureau sued three of the nation's largest banks and the operator of Zelle last week, alleging a failure to protect consumers from widespread fraud on the peer-to-peer...

President-elect Donald Trump‘s pick for attorney general in his second administration, former U.S. Rep. Matt Gaetz, withdrew his name from consideration on Thursday. The Florida Republican who was poised to be nominated as the nation’s top cop has previously been in the legal crosshairs...

Users of Juul vaping products have begun receiving financial compensation through Venmo after major class-action lawsuit settlements against Juul Labs and Altria Group. The final settlement was reached earlier this year. What Happened: The lawsuits accused Juul and Altria of misleading consumers,...

In a bold move to penetrate the U.S. point-of-sale (POS) payments market, PayPal Holdings Inc (NASDAQ:PYPL) is integrating its debit card with Apple Inc.‘s (NASDAQ:AAPL) mobile wallet and offering different cashback rewards. What Happened: This move is part of a strategic shift led by new...

The race for faster financial transactions is heating up, and several fintech companies are at the forefront with new real-time payment solutions. These 10 companies are transforming how we handle money, making transactions instant and efficient. As we approach the Benzinga Fintech Deal Day &...

Elon Musk‘s strategy to transform X into an “everything app” includes integrating a payments network into its core social networking service, according to a new report. What Happened: Although specifics have been scarce, newly revealed documents submitted to state regulators...

PayPal Holdings, Inc. (NASDAQ:PYPL) shares, consolidating under $100 since April 2022, gained volume momentum in mid-January, sparking discussions on social media platforms and chatrooms, fueling speculation about its emergence as a new meme stock. Stock Trajectory: PayPal’s stock,...

Alex Lewis, MyDoge Wallet Chief Technology Officer, on Tuesday shared his thoughts on the integration of Dogecoin (CRYPTO: DOGE) payments into the X platform.  What Happened: In an interview with Fabrice Calmels, Lewis revealed that X has already applied for all the necessary licenses to...

PayPal Holdings, Inc (NASDAQ: PYPL) stock is trading lower Thursday after Amazon.Com Inc (NASDAQ: AMZN) informed its users that it will no longer accept Venmo as a payment option starting January 10.  Amazon notified its customers of this change, clarifying that...

Amazon.com Inc (NASDAQ: AMZN) has announced that it will stop accepting PayPal Holdings Inc's (NASDAQ: PYPL) Venmo as a payment method for subscriptions starting January 2024. As a result of this policy change, Amazon customers who have been using Venmo will need to explore other payment...

Users who held an active U.S. Facebook account between May 24, 2007 and Dec. 22, 2022, have until Aug. 25 to submit their claims for a portion of the $7250-million settlement concerning the Cambridge Analytica data scandal involving Meta Platforms Inc. (NASDAQ: META). What Happened: With less than...

One of the most well-known internet acquisitions of 2002 was when eBay Inc (NASDAQ: EBAY) announced it was acquiring PayPal Holdings Inc (NASDAQ: PYPL). Investors who bought eBay shares on the day the deal was announced have done quite well for themselves. Years later, eBay decided to spin off...

Fintech company PayPal Holdings (NASDAQ: PYPL) reported third-quarter financial results after the market close Thursday. Here are the key highlights for investors.  What Happened: PayPal reported third-quarter revenue of $6.85 billion, up 11% year-over-year. The total revenue beat a Street...