The US Federal Reserve Board announced a real-time payments system called FedNow on Monday. The service is being developed now and will be available by 2024, the Federal Reserve said, adding it’ll be “ubiquitous, safe and efficient.” Real-time payments systems, such as Venmo and banking apps, already exist. But the Federal Reserve said most current …
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Mobile payments could soon make your wallet obsolete by allowing you to pay with just the tap of your phone or smartwatch. But they’ve had a slow roll-out and not all options are made equal. The three most established systems are from Apple, Samsung and Google, although some wearables from brands such as Garmin and Fitbit also offer their own payment …
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Digital bank Monzo has taken the UK by storm, thanks to its app-based, customer-centric tools and brand. And now it’s coming to the US. Monzo announced Thursday that it would be setting up shop in Los Angeles this summer, and invited potential customers to sign up on its wait list in order to get their hands on one of its …
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When Philadelphia City Councilman Bill Greenlee heard that a coffee shop and a salad restaurant right near City Hall didn’t accept cash, he thought it sounded unfair. “I can get my coffee and muffin, but the person behind me who has the monetary unit of the United States of America, that’s been accepted here in Philadelphia since Ben Franklin, can’t?” …
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Anyone can get into Nigeria’s tech scene, says Chibuzor Obiora. That wasn’t true just a few years ago. A 29-year-old developer, Obiora began coding in 2014 when he was hired by Andela, a Chan-Zuckerberg Initiative-sponsored tech firm that offers Africans paid training in software development. Back then, his colleagues were all men around his age and older. But in the …
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The Apple Card, Apple’s new digital and physical credit card, is a bold, brilliant move that reimagines credit card payments on the iPhone. What makes the move so gutsy has nothing to do with the service itself and everything to do with drawing you deeper into Apple’s ecosystem. The Apple Card’s benefits sound immediately appealing: Apple promises security measures designed to …
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The hot new thing in payments is… plastic? Apple on Monday introduced the Apple Card, a credit card that exists as both a virtual card in Apple’s Wallet app and a physical card (to be fair, it’s titanium not plastic). Apple’s card comes out after digital money companies PayPal, Square and PayPal-owned Venmo all introduced their own physical credit, debit …
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The Galaxy S10’s in-screen fingerprint scanner may look just like the one on the OnePlus 6T, but don’t be fooled. Samsung’s flagship Galaxy S10 and S10 Plus are the first phones to use Qualcomm’s ultrasonic in-screen fingerprint technology, which uses sound waves to read your print. Related to ultrasound in a doctor’s office, this “3D Sonic Sensor” technology works by …
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I was 30 miles from home when it hit me that my purse was at home, and I’d have to spend the day without my credit cards, ID or any cash. The only thing I had — apart from my backpack and puffy purple jacket — was my Samsung-loaned Galaxy S9 Plus review unit as my only source of money …
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Square wants to refresh the often unloved credit card reader. The payments company on Thursday introduced its newest piece of hardware, Square Terminal, a card reader that looks more modern than the typical worn-out, bulky-plastic terminal you may find at a local corner store. It’s mobile, thanks to a rechargeable battery, has a large touchscreen and even has a built-in …
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