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.
venmo Stories August 2, 2016
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 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.