Venmo is launching a physical debit card

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Venmo is launching a debit card

PayPal-owned peer-to-peer (P2P) app Venmo is officially launching a physical debit card, allowing users to spend their balances in-store rather than transferring funds to their attached accounts.

The card is distributed by major prepaid card issuer Bancorp and runs on the Mastercard network, despite beta tests conducted with Visa over the past year.

It's currently in a limited release phase, starting as invitation-only for select Venmo users with a waitlist that anyone can join.

And it complements Pay with Venmo, a feature that enables merchants to accept Venmo as a payment optionbut doesn't involve a physical card.

Business Insider's Rachel Green has the full story.
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THIS WEEK'S BRIEFING HIGHLIGHTS

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YouTube is wooing creators with monetization tools

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Wells Fargo is moving into the rewards space

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Snap is launching a gaming platform

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Andreessen Horowitz just announced a crypto fund

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PayPal has acquired Simility for fraud protection

Simility uses machine-learning technology to enable online merchants to spot fraudsters and improve their risk management. Read More →

Monzo integrates TransferWise

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Amazon is forging further into deliveries

Amazon announced a new program, dubbed "Delivery Service Partners," that helps third-party businesses deliver packages for the company. Read More →
 
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There are some notable technical differences between the latest 4K streaming devices from Apple and Amazon.

Tech Select

June 30, 2018   |   View Online »
 
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