Following in Apple's footsteps, Samsung recently announced that it wants to introduce its own debit card. Today, the company has finally shared more information on that enterprise, calling it Samsung Money by SoFi as it's backed by said institution (which notably isn't a bank, as it states itself). The account-fee-free service is slated to launch "later this summer" in the US and will offer higher-than-average interest rates and rewards for saving money. Read More
Chinese tech giant LeEco tried to enter the US market in late 2016 with a variety of Android-powered phones and TVs, but the company expanded too quickly. Just two days later, the CEO admitted that in a leaked memo, and two months later the company halted trading of its own stock due to massive losses. LeEco tried to sell its Silicon Valley property in March, it pulled out of buying Vizio, and 70% of the US workforce was let go. Read More
Alphabet, every AP reader's favorite umbrella corporation for their favorite company, has posted the results of their first 2017 quarter's earnings. Things are looking pretty good, too. Revenue and income are both up from the same period last year, even though Alphabet's tax rates have increased. Read More
Android Pay is spreading. If you manage your finances with a big bank, chances are you can make payments by tapping your phone against a payment terminal -- yes, even if you use Chase. If you do your banking with a smaller institution, you may have to cross your fingers. Read More
There are many ways to send money to a friend using your phone. PayPal, Venmo, Facebook, Google. Not long ago, Square introduced Cash as its own personal method for you to take money that's in your bank account and stick it in another's. Now the company is introducing a feature that lets you set aside money specifically for this purpose. Read More
BillGuard is a service for tracking your spending and monitoring your credit, and an Android app is available in the Play Store that lets you do all of this from your phone. Soon you won't have the option to do so any other way. BillGuard has sent out an email to users stating that the web app will go away at the end of the month. Read More
Using the stock market isn't free. Well, obviously. You're buying and selling stocks, after all. But on top of that, brokerage firms tend to charge fees to manage financial transactions. The Robinhood app lets you get around that fee, and now it has made its way over from iOS to Android. Read More
Google apparently has a service in the works called Pony Express that will improve the way Gmail users manage the bills flooding into their inboxes, and perhaps even some that currently don't. This news comes through a Re/code report stating that the search giant is working with third-party vendors that print and mail out bills to bring even more of them online. Google will then give users the ability to pay these bills without having to leave Gmail.
Re/code got its hands on a document showing ways users will be able to interact with the service. To sign up, they will provide their names, addresses, and social security numbers to an outside company to verify their identities. Read More
Several years back this company called Square produced a product that let people accept credit card payments on their smartphones using this portable swiper-thingy that plugs into the device's headphone jack. PayPal saw this and decided that it wanted in on this action, so it produced a similar offering known as PayPal Here. The solution worked with phones, but many businesses relying on such products for point-of-sale like to use tablets instead. Now PayPal Here works with those too.
The PayPal Here app's bright and simplistic UI could possibly pass for one designed by Google, though considering how all over the place that company's apps can be, that's admittedly not narrowing things down all that much. Read More
Updates are typically exciting, but just like they can add new features, they can also take them away. Version 5.5 of PayPal's Android app tells precisely this type of story. The latest release adds in the ability to link loyalty cards to an account and reduce the strain on wallets everywhere. It also brings in faster logins, though this second change takes place behind the scenes, as the login screen looks just like it did before.
Yet at the same time, this release strips PayPal of its check scanning feature. It's still possible to transfer money over from a linked bank account or a friend, but that's not as versatile as being able to simply replenish funds with a check. Read More