Amazon's (AMZN) Venmo Rollout an 'Important First Step'
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October 27, 2022 4:46 PM EDT
RBC Capital analyst Brad Erickson reiterated an Outperform rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "AMZN reported Q3 revenue in-line with the Street ($127.1B vs. Street at $127.4BE) and EPS above (+$0.28 vs. Street at +$0.22E) but... More
October 25, 2022 11:22 AM EDT
Morgan Stanley analyst James Faucette reiterated an Overweight rating and $134.00 price target on PayPal (NASDAQ: PYPL) saying the Venmo roll-out at Amazon is an "important first step."
The analyst said while they would expect this to have an immaterial impact on financials... More
October 25, 2022 9:02 AM EDT
(Updated - October 25, 2022 9:05 AM EDT)
Today, Amazon (NASDAQ: AMZN) announced that it will begin offering Venmo as a new payment option for orders placed on Amazon.com and the Amazon mobile app. This convenient, simple, and secure payment method will give Amazon customers even more choice during the checkout experience. It will also provide the Venmo community with another store to shop for their holiday gifts using... More
October 24, 2022 11:09 AM EDT
Today, PayPal announced it is adding passkeys as an easy and secure log in method for PayPal accounts. Passkeys are a new industry standard created by the FIDO Alliance and the World Wide Web Consortium that replace passwords with cryptographic key pairs, offering customers a simple and secure way to log in to PayPal based on technology that is resistant to phishing and designed so that there is no shared passkey data between platforms. The new PayPal log in option will first be available to iPhone, iPad, or Mac users on... More
