Cash Is for Losers!

Kristen Geil, a writer for an Internet marketing firm in Chicago, heard about Venmo for the first time two summers ago. Her new roommate, who had just arrived in town from New York, was raving about this app that allows users to send and receive payments over their smartphones. There was also a social media component to the app that made the mundane act of splitting bills kind of fun. She assured Geil that it was safe and reliable. Plus, there was no waiting around for checks to clear and no trudging to an ATM for cash. Geil agreed to give it a try.