PNC bank vs fintech firm venmo

Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo. 

PNC Bank and Venmo are at War With Each Other

As reported by the Wall Street Journal, a few hours ago, customers of banking heavyweight PNC aren’t able to set up their Venmo accounts for making payments through the app. This has resulted in users losing access to PayPal, Venmo’s parent organization.

No amount of name-calling, social-media bashing, support correspondence has led to anything. Both companies are blaming each other for the disruption of services. PNC has even gone to the extent of suggesting users to switch to Venmo’s rival Zelle in replies to customers on Twitter.

But why are banks blocking…

Click to continue reading on its source location…