PayPal-owned payments app Venmo will no longer offer a public, global feed of users’ transactions, as part of a significant redesign focused on expanding the app’s privacy controls and better highlighting some of Venmo’s newer features. The company says it will instead only show users their “friends feed” — meaning, the app’s social feed where you can see just your friends’ transactions.
Venmo has struggled over the years to balance its desire to add a social element to its peer-to-peer payments-based network, with the need to offer users their privacy.
A few years ago, the company was forced to settle a complaint with the FTC over its handling of privacy disclosures in the app along with other issues related to the security and privacy of user transactions. One of the concerns at the time was a setting that made all transactions public by default — a feature the FTC said wasn’t being properly explained to customers. As part of the settlement, Venmo had to inform both new and existing users how to limit the visibility of their transactions, among other changes.
However, privacy issues have continued to follow Venmo over the years. More recently, BuzzFeed News was able to track down President Biden’s secret Venmo account because of the lack of privacy around Venmo friend lists, for example. Afterwards, the company rolled out friend-list privacy controls to address the issue.