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The Latest Breaking News from Venmo

Apple's being sued by Venmo and Cash App users over iPhone crypto transfer fees

Apple is being sued by users of some finance apps because they aren't allowed to use crypto with them thanks to App Store rules.

iMore

IRS delays new online sellers’ tax reporting threshold - Roll Call

The IRS is postponing a lower threshold for reporting online sales and gig work by another year until 2024.

Roll Call

PayPal Receives SEC Subpoena Over PYUSD Stablecoin

SEC's enforcement division requests documents from PayPal regarding its USD-pegged stablecoin

Zenger

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Revealed: far-right Oath Keepers kept up dues payments after Capitol attack

Venmo records show members of rightwing militia paid vice-president for months after group’s January 6 role was exposed

The Guardian - US

PayPal adds its PYUSD stablecoin to Venmo in push to expand crypto reach

The payments giant recently unveiled its new stablecoin to much fanfare, but PYUSD has yet to supplant other stablecoin giants like Tether or USDC.

Fortune

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation

PayPal's push into stablecoins could pay off big time

Crypto purists may hate PayPal's stablecoin, but the company's shareholders will come to love it.

Fortune

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Microsoft and PayPal team up to bring Venmo support to Xbox

The Microsoft Store on Xbox has been limited to just credit and debit card payments or PayPal as your option for a long while, but now PayPal has teamed up with Microsoft to bring Venmo to the Microsoft store.

Windows Central

Your paycheck could clear faster now that the FedNow instant payment service for banks has launched

The Federal Reserve has launched a new instant payment service that allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks

The Independent UK

U.S., European Consumer Watchdogs Start Talks on Digitization Issues in Financial Sector

Pricing, customer service, competition and privacy to be scrutinized.

Kiplinger

Credit, Debit or Cash? Which is Best?

Credit or debit? Cash? Each payment method has pros and cons. Your best bet is to use a combination that meets your own needs.

Kiplinger

SCOTUS lawyers paid Thomas aide on Venmo

"There is no excuse for it," says former White House ethics chief

Salon

Lawyers with supreme court business paid Clarence Thomas aide via Venmo

Payments to Rajan Vasisht, an aide from 2019-21, underscore ties between the justice and lawyers who argue cases in front of him

The Guardian - US

Twitter owner Elon Musk has taken first steps in creating an ‘everything app’ to rival WeChat. It’s going to be an uphill battle

Despite receiving key regulatory licenses, Musk faces greater challenges in building out his dream app.

Fortune

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Kiplinger

Can You Use a Credit Card on Venmo? Fees, Security and More to Know

Here’s what you need to know before making payments with your credit card over Venmo.

Android Central

Pixel's ties to Google is its biggest strength—but also a weakness

Google’s cautious approach to new software features ensures Pixel users get the best experience, but they might have to be patient.

Kiplinger

Businesses Would Get Lots of Tax Savings Under House GOP Plan Kiplinger Tax Letter

The House GOP tax plan indicates what’s to come if Republicans control Congress and the White House after 2024.

TechRadar

PayPal now lets millions of US businesses accept contactless payments with Tap To Pay

Venmo business profile and PayPal Zettle users will now be able to accept Tap to Pay payments on Android devices.

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Evening Standard

OPINION - Prince William’s fight against homelessness could benefit all London

It’s a sight that’s too familiar — the homeless person slumped in a shop door or stretched out in a dirty sleeping bag. Some of the begging signs are worn by familarity, though one enterprising example I saw in Washington read simply “I also take Venmo” (the US payments app).…

Kiplinger

Storing Money in PayPal, Venmo or Cash App Carries Hidden Risks, CFPB Says

A Consumer Financial Protection Bureau issue says PayPal and other popular payment apps often sidestep key government protections for your funds.

Fortune

Future of Finance: PayPal’s Fernandez da Ponte on how B2B payments could spur crypto adoption worldwide

PayPal’s crypto lead hopes we will see $1 trillion of stablecoin-dominated assets in five years time.

Kiplinger

Chase Bank Reports Duplicate Zelle Payments Glitch

Chase bank confirmed customer complaints about a Zelle payments glitch registering duplicate transactions.

The Independent UK

Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns.

Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps since their funds may not be covered by deposit insurance, the Consumer Financial Protection Bureau warned on Thursday

The Independent UK

Aide fired by George Santos says he got his job after sending money to Republican's deputy

A man who briefly worked as an aide to U.S. Rep. George Santos has told House investigators he got his job after sending a series of payments to one of the Republican’s top deputies

Kiplinger

Kiplinger Readers' Choice Awards: Peer-to-Peer Payment Services

The winners of the Kiplinger Readers’ Choice Awards' best peer-to-peer payment services category. Our awards celebrate the very best products and services in personal finance.

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