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28 Feb 2018, 3:58 pm
Earlier this week, the Federal Trade Commission (“FTC”) announced a settlement with PayPal, Inc. over allegations that Venmo, a PayPal-owned mobile payment and social networking application, misled customers on issues relating to account transfers and privacy settings and enabled fraud through inadequate security practices. [read post]
29 May 2018, 8:54 am
On May 24, 2018, the Federal Trade Commission granted final approval to a settlement (the “Final Settlement”) with PayPal, Inc., to resolve charges that PayPal’s peer-to-peer payment service, Venmo, misled consumers regarding certain restrictions on the use of its service, as well as the privacy of transactions. [read post]
6 Jun 2018, 9:00 am
The FTC recently announced that it has given final approval to a settlement with PayPal, Inc. over allegations that Venmo, its peer-to-peer payment service, misled consumers about their ability to transfer funds to external bank accounts and control the privacy of their transactions. [read post]
2 Mar 2018, 9:34 am
On February 27, 2018, the Federal Trade Commission (“FTC”) announced an agreement with PayPal, Inc., to settle charges that its Venmo peer-to-peer payment service misled consumers regarding privacy and the extent to which consumers’ financial accounts were secured. [read post]
11 Nov 2021, 10:36 am
Affirm also provides BNPL services for another major online marketplace, Shopify Inc. [read post]
12 Nov 2021, 10:36 am
Affirm also provides BNPL services for another major online marketplace, Shopify Inc. [read post]
12 Nov 2021, 10:36 am
Affirm also provides BNPL services for another major online marketplace, Shopify Inc. [read post]
17 Mar 2019, 12:45 pm
The FTC’s privacy and security enforcement actions in 2018 included shutting down revenge porn website MyEx.com, approving a settlement with peer-to-peer payment service Venmo over deceptive privacy settings, approving an expanded settlement with Uber Technologies, Inc. to resolve data security and privacy allegations, and approving a privacy and data security settlement with mobile phone maker BLU Products, Inc. [read post]
9 Aug 2021, 11:37 am
Plaid Inc agreed to settle a class action lawsuit for $58 million on Thursday after six months of negotiation and mediation between the parties’ representatives. [read post]
13 Mar 2018, 6:40 am
” More Money, More Problems for Venmo On February 27, 2018, Paypal, Inc., owner of Venmo, reached a settlement with the FTC over multiple claims stemming from Venmo’s practices and disclosures. [read post]
13 Mar 2018, 6:40 am
” More Money, More Problems for Venmo On February 27, 2018, Paypal, Inc., owner of Venmo, reached a settlement with the FTC over multiple claims stemming from Venmo’s practices and disclosures. [read post]
16 Jul 2020, 6:29 am
Consumer Financial Protection Bureau, asking the court to put an end to PayPal, Inc. [read post]
31 Jul 2019, 7:02 am
Zelle Outpacing PayPal’s Venmo in Person-to-Person PaymentsThe Financial Brand – July 30, 2019 Zelle, the bank-owned response to PayPal’s Venmo person-to-person mobile payment service, Square Cash, and others, continues to grow by long strides since its launch in 2017. [read post]
10 Mar 2023, 8:17 am
Mastercard Infringes Digital Wallet Tech Patent, Suit SaysBloomberg Law – March 2, 2023 Mastercard Inc. [read post]
19 Dec 2019, 10:09 am
The app is owned by major Wall Street banks and competes directly with Venmo. [read post]
9 Jul 2020, 7:24 am
Technology giants like Amazon.com Inc. and Google parent Alphabet Inc. are also increasingly offering financial services. [read post]
16 Apr 2020, 7:56 am
The Treasury Department may even let people who don’t have bank accounts receive their coronavirus relief checks via mobile-payment services like Venmo. [read post]
8 Oct 2020, 8:56 am
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly PowerWall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. [read post]
13 Aug 2021, 8:15 am
Sainsbury’s Settles Swipe Fee Case Against MastercardLaw360 – August 6, 2021 (subscription required) Sainsbury’s Supermarkets Ltd. has reached a settlement with Mastercard Inc. ending litigation between the sides over fees that the U.K. [read post]
13 Aug 2021, 8:15 am
Sainsbury’s Settles Swipe Fee Case Against MastercardLaw360 – August 6, 2021 (subscription required) Sainsbury’s Supermarkets Ltd. has reached a settlement with Mastercard Inc. ending litigation between the sides over fees that the U.K. [read post]
