Tag Archives: PayPal

PayPal Reaches Settlement With Texas Over Venmo Privacy and Security Disclosures

Photo of Craig A. HoffmanPhoto of Douglas A. VonderhaarBy Craig A. Hoffman and Douglas A. Vonderhaar on Posted in Financial Privacy
Venmo is a peer-to-peer mobile payments service that PayPal acquired in 2013. Users can transfer money to another person using a mobile or web application (e.g., send money to a friend to split the cost of dinner). On May 20, 2016, Texas Attorney General Ken Paxton announced that Texas had entered into an Assurance of … Continue Reading

2012 Payments Systems Year-in-Review

Photo of Craig A. HoffmanBy Craig A. Hoffman on Posted in Payment Card Industry
The interchange fee and the potential of mobile payments were the dominant payment system issues in 2012.  From a landmark antitrust settlement to seemingly daily announcements of a new prepaid or mobile payment product, there was plenty of activity in 2012.  However, following opt-outs and objections to the settlement, the rise-and-fall of new products, and … Continue Reading
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