People Are Spending More On Venmo Than On Starbucks' Mobile Payments App

During the second quarter PayPal-owned Venmo overtook the Starbucks mobile payment app in terms of U.S. transaction volume, according to BI Intelligence estimates.  Venmo transaction volume reached $468 million in the second quarter of 2014. That's a 347% increase year-over-year, and an annual run rate of some $1.9 billion.  Starbucks payment volume reached $413 million during the second quarter -- a 73% increase year-over-year.  The Starbucks app is the most successful in-store mobile paymen...