Bloomberg: Venmo Curbs Visibility on Payments So Strangers Can’t See Them

Bloomberg: Venmo Curbs Visibility on Payments So Strangers Can’t See Them. “Venmo is ditching its global social feed, making it so users can no longer see payments between people they don’t know. The app, owned by PayPal Holdings Inc., will continue to allow users to see transactions among their friends, according to a blog post Tuesday. The move comes after Venmo has seen its customer base swell to 70 million during the pandemic.”

TechCrunch: Millions of Venmo transactions scraped in warning over privacy settings

TechCrunch: Millions of Venmo transactions scraped in warning over privacy settings. “A computer science student has scraped seven million Venmo transactions to prove that users’ public activity can still be easily obtained, a year after a privacy researcher downloaded hundreds of millions of Venmo transactions in a similar feat. Dan Salmon said he scraped the transactions during a cumulative six months to raise awareness and warn users to set their Venmo payments to private.”

TechCrunch: Snapchat will shut down Snapcash, forfeiting to Venmo

TechCrunch: Snapchat will shut down Snapcash, forfeiting to Venmo . “Snapcash ended up a way to pay adult performers for private content over Snapchat, not just a way to pay your friends. But Snapchat will abandon the peer-to-peer payment space on August 30th. Code buried in Snapchat’s Android app includes a ‘Snapcash deprecation message’ that displays ‘Snapcash will no longer be available after %s [date]’. Shutting down the feature would bring an end to Snapchat’s four-year partnership with Square to power the feature for sending people money.”

Venmo users: time to hide your drug deals and excessive pizza consumption (Sophos)

Sophos: Venmo users: time to hide your drug deals and excessive pizza consumption. “If you owe someone a small sum of money, or just want to pay an odd amount without going to an ATM, you can do that using Venmo in a matter of seconds as long as the recipient is willing to join too. This convenience (coupled with its ownership by payments giant PayPal) has helped it attract seven million users who in 2017 shifted a reported $18 billion. Did we mention that transactions not involving a credit card are free? If this is starting to sound like an advert, it’s time to mention a quirk that some find a bit harder to swallow – transactions conducted through Venmo appear to be public by default.”