Not satisfied with receiving monthly sums for telecom services, T-Mobile wants to handle your money full-time. The wireless operator has quietly trial launched a banking service (if that sounds familiar, you have a sharp memory) that is currently rolling out on a limited basis. This time around, the service is called T-Mobile MONEY and it promises no account fees, no maintenance fees, no minimum balances, and a 1 percent annual percentage yield (in other words, the rate of return) on all balances, plus more for qualifying T-Mobile customers. Read More
HSBC is one of the largest banks in the world, sitting ahead of Bank of America, Wells Fargo, and Citigroup, and right behind JPMorgan Chase. It's one of the few names we know here that also has a presence in Australia. HSBC's Australian branch has just begun to support Andr- I mean, Google Pay. Read More
You guys clamor and complain about Simple not supporting Android Pay in the comments of every single one of these updated bank posts. Well, complain no more, as Simple customers can finally - yes, that word - use Android Pay. That is, if you're on an account with Simple's new partner bank, BBVA Compass. Read More
Android Pay has slowly been growing to more and more regions, and now has finally reached the city of Hong Kong. This makes Hong Kong and Singapore the only regions in Asia supported by Android Pay.
Pay will be accepted at over 5,000 locations including 7-Eleven, Circle K, Fortress, McDonald's, and more. This works exactly like Android Pay in other regions; just install the app and you're good to go.
MasterCard and Visa cards are supported, as well as cards from BEA, DBS, Dah Sing Bank, Hang Seng Bank, HSBC, and Standard Chartered Bank. Online and in-app transactions with Android Pay also work. Google is also encouraging additional merchants to support Android Pay, so Hongkongers might have more locations accepting Android Pay in the near future. Read More
Android Pay is cool and all, but if your bank or credit union isn't supported, it really doesn't matter. You can't take part in the fun.
Many of the big banks gained support first, catching headlines and impacting the largest number of users. Now we're seeing Android Pay make its way out to many of the financial institutions that serve as bedrocks of their local communities. Read More
Samsung continues to push its Pay platform on every front, and according to the latest press release, it's working. The company claims that "about five million users" have used Samsung Pay to spend more than half a billion dollars. That's probably thanks to Samsung's unique system that doesn't require retailers to buy new payment processing hardware. A wide array of compatible banks, credit unions, and credit card companies probably doesn't hurt. Today Samsung announced that Wells Fargo, one of the largest American banks, is joining the program. Read More
A mobile payment service is only useful if you can, you know, use it... which must be pretty disheartening for customers of smaller banks and credit unions. Each one of them needs to be certified with new payment systems before their customers can join in the "fun" of paying for stuff with their phones. Today Samsung Pay, the semi-proprietary system that's surprisingly interoperable thanks to some neat payment tech, adds a whopping 19 new Visa and MasterCard issuers to its list of compatible banks and similar companies. Read More
Something I loved after signing up with Simple Bank was that the app offered super quick account access - once you signed in with a pass phrase, you needed only to enter a PIN to get to your account. It seems that Chase has (at last) found a way to provide at least a quick glimpse into your account.
While it doesn't provide full account access, Chase's latest update does give users the option to opt in to a pre-login account summary, where a simple gesture will give an overview of your account, without needing to enter your password and wait for the login to compete. Read More
Peer-to-peer fund transfers using an online service are nothing new – Paypal's been successfully doing it for years, and that's how AP writers have been getting paid since the site was launched. Needless to say, when Google announced payments through Gmail (which uses Wallet), it seemed like a no-brainer – we all have Google accounts, so this would be an ideal way to get paid.
Wrong. Getting paid through Wallet has been the absolute worst experience I've ever had with a money transfer, and I'm not alone here – this has been an incredibly frustrating experience for at least half of our team. Read More
My fellow Bank of America customers, lend me your ears! No longer do you need to sit in embarrassed silence as Chase Bank and PayPal users show off the ability to deposit checks magically through their smartphones. Now you too can revel in the futuristic technology of 2011, having waited only a year for the largest banking institution in the country to update its Android app in line with non government-subsidized competitors. Truly, this is a great day for every BofA customer!
Sarcasm aside, mobile check depositing is the one thing that users of Bank of America's mobile app have been craving more than any other. Read More