[ad_1] Facebook is unsurprisingly aware of the potential security and privacy issues, although its statements won’t be completely reassurance. You can require either a PIN code or biometrics for purchases, while all data is both encrypted and monitored for fraud. Your shopping history won’t be shared outside of the app, and bank and card account […]
Category: payments
Apple Pay is more popular than Starbucks for US mobile payments
[ad_1] The eMarketer team credited the change of leadership to the growing ubiquity of NFC payment terminals, particularly in common shopping destinations like grocery stores — you’re more likely to use Apple Pay if your local shop supports it. As omnipresent as Starbucks is in American culture, it’s only one retailer. As for Apple’s reported […]
Venmo can instantly transfer money to your bank account
[ad_1] This should be generally available in the “coming weeks,” and free bank transfers are still available if you’re willing to wait the customary one to three business days. There’s certainly no mystery as to the strategy here. Venmo is betting that there will be enough of an urgent need for cash (or at least, […]
Apple Card rolls out in the US this August
[ad_1] Goldman Sachs, the company powering the card, has previously talked about expanding to other countries following the US debut. The hooks, apart from the tight iPhone integration, are the lack of late fees combined with a cashback program that offers extra rewards for Apple purchases and daily cash deposits you can use far more […]
Samsung Pay will work on some NYC trains and buses starting today
[ad_1] A momentous thing is happening in New York City today: They’re finally fixing the subway! Just kidding, the Metropolitan Transit Authority (MTA) is rolling out contactless payments for select stations and bus lines. (Because that will address overcrowding, broken air conditioners and aging signal systems!) We already knew that Apple, Google and Fitbit’s payment […]
UK government starts accepting Apple Pay and Google Pay
[ad_1] Officials expect to spread payments among other, more “central” government services as well as local government, health care and the police. It’s not a radical addition, but could make life easier if the thought of paying for government services normally turns you pale. And let’s face it, this technological convenience is still relatively rare […]
Facebook will scrap Messenger payments in the UK and France
[ad_1] The news, first spotted and posted on Twitter by James Whatley, means that Facebook might shift to its own crypto-currency, a type of stablecoin, for money transfers. Reportedly in development for WhatsApp, the blockchain-based currency is tied to the US dollar and supposed to be more resistant to the extreme volatility that has rocked […]
Philadelphia is the first US city to ban cashless stores
[ad_1] Cashless businesses can be efficient and convenient while acting as a barrier against robbers looking to steal a stack of bills. However, they can exclude people without a bank account or those who can’t or don’t want to load funds onto a prepaid debit card, which often charge fees. “It just seemed to me […]