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Expert Analysis

Venmo: The Battle Between App Usability And Compliance

By Jason Sarfati ( March 16, 2018, 12:04 PM EDT) -- On Feb. 27, 2018, the Federal Trade Commission entered into a proposed wide-ranging settlement agreement with PayPal Inc. , the company that owns and operates Venmo. Similar to PayPal, Venmo is a payment application and website that allows consumers to make peer-to-peer payments. However, unlike PayPal's traditional business-model, Venmo provides its users with the additional ability to share information regarding these payments through a built-in social network feed. It is the socially oriented nature of this payment platform that has skyrocketed Venmo's popularity in recent years. . . .

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