Items tagged with venmo

Venmo and PayPal may soon have some serious competition, as Apple, Inc. is reportedly developing its own person-to-person payment service. Rumor has it that Apple recently held meetings with other payment industry companies. The service would allow iPhone users to digitally send money to one another, and it is also rumored that Apple would partner with Visa in order to provide digital prepaid cards. These cards would utilize Visa’s network and be directly linked to Apple’s service. Users would be able to send “Apple Cash” to one another and use the Visa card and Apple Pay to spend the money online or at retail stores without waiting for it to be cleared by a bank. Apple was supposedly in talks... Read more...