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Venmo adds scheduled payments and requests

Venmo adds scheduled payments and requests

Venmo has both payments and requests, which has been a long-desired feature. People can use this toolset to send out one-time payments or requests, or schedule things to go out monthly, weekly or bi-weekly.Users will receive a push notification reminder the day before a payment goes out, just in case the funds aren’t available. To that end, the platform will pull from the connected bank account if the Venmo account is dry. These tools are rolling out right now. VenmoThis is an obvious boon to those with roommates, as that one roommate who somehow got roped into handling all of…
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Visa slapped with a DOJ antitrust lawsuit

Visa slapped with a DOJ antitrust lawsuit

The Department of Justice (DOJ) filed an antitrust lawsuit against Visa. The lawsuit alleges that the financial firm holds a monopoly over debit network markets allowing it to charge banks and markets with exorbitant fees that get passed onto consumers and keep rival companies like PayPal and Square from competing on their level. first reported on Monday that the DOJ planned to file an antitrust suit against Visa following a multiyear investigation into Visa’s business practices starting in 2020. Visa attempted to acquire with a $5.3 billion bid but the DOJ filed a lawsuit blocking the deal claiming the acquisition would…
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