venmo Stories August 2, 2016

A vulnerability in the iOS money-transfer app Venmo allowed anyone who managed to get access to a locked iPhone for as little as two minutes to empty the account, stealing as much as the weekly limit of $2999.99.

TNW reports that the flaw was discovered by a SalesForce security engineer Martin Vigo, who notified Venmo and waited until the loophole had been closed before demonstrating the method …

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venmo Stories February 29, 2016

Square Cash introduces Cash Drawer to compete with Venmo and PayPal

Square Cash, Square’s app that allows users to send money to each other for free, saw a new update today that puts it more inline with competitors. With Cash Drawer, Square Cash now let’s users hold money within the app instead of transferring it immediately out to their own accounts. This behavior directly mimics functionality that Venmo and PayPal bolster.

venmo Stories January 28, 2016

Venmo today introduced a new in-app payment option called ‘Pay with Venmo’ for both users and businesses alike. The feature allows vendors to directly integrate Venmo’s payment platform into their checkout process. And user’s can now simply select the Venmo option when checking out in supported apps, and no longer need to type in any credit card information.

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venmo Stories February 19, 2014

Mobile payment app Venmo received a big update today that introduces a new way to quickly send money to nearby friends. It works just as easily as Apple’s AirDrop sharing system. The app uses Bluetooth to detect nearby Venmo users and lists them above your recent payment recipients when sending money.

While some apps make the process of sending money relatively quick, Venmo has the added benefit of making it easy to pay people around you without needing to enter any contact details at all, even if you’ve never met them before. The only catch is that both parties need to be using Venmo for the feature to work.

Venmo is available for free on the iOS App Store.

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