Category Archives: payments

Instant bank transfers are coming to PayPal and Venmo

 PayPal announced this morning a plan to speed up money transfers between its service, Venmo and users’ bank accounts for those with supported MasterCard and Visa debit cards. This new “instant transfers” service will be available at a rate of $0.25 per transaction, and will deliver funds in a matter of minutes, instead of the day or so it typically takes when using PayPal… Read More

Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards

 Amazon today is launching a new perk for Prime members that will give them cash back on purchases – even if they’re not paying for items using an Amazon cashback credit card. Through a new rewards program called Amazon Prime Reload, Prime members can receive 2 percent back on purchases when they first load funds into their Amazon Balance using a debit card attached to their… Read More

Android Pay now used for international P2P transfers, courtesy of WorldRemit

 AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup with around 120 million users that lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using Google’s mobile wallet. This is a first… Read More

Zelle, the real-time Venmo competitor backed by over 30 U.S. banks, arrives this month

 The U.S. banking industry’s answer to Venmo has now arrived. Starting this month, a new, person-to-person payments network called Zelle will roll out to the over 86 million mobile banking customers here in the U.S., promising a faster form of digital payments compared with apps like PayPal, Venmo, Square Cash, and others. Instead of transfers taking place overnight or after a couple of… Read More

Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow

 Target’s mobile app strategy will undergo a significant change, starting this summer. The retailer announced this week it will soon combine the functionality of its Cartwheel savings app with its main shopping app, in preparation for an eventual Cartwheel shutdown. The Target app will also receive a notable upgrade this year, adding support for an indoor map that shows your location in… Read More

The iPhone’s camera app can now read QR codes

 Remember when QR codes were the next big thing? In the U.S. you used to be able to find them on billboards, business cards — you name it. They were supposed to change the way we use our devices. Remember CurrentC? But the technology never really caught on stateside, mainly because users had to download a totally separate third-party app to scan them, and the whole system was pretty… Read More

You can now send your friends money inside iMessage

 As part of iOS 11 Apple announced that users will now be able to send money to their friends via iMessage, and spend the balance via a virtual Apple Pay card. The feature will be built into iMessage as an app, and essentially lets you send and request money with your contacts in one tap. The integration will also be able to do things like recognize when someone says “you owe me… Read More