U.S Bank Adds Instant Cash Transfers to Mobile App
U.S. Bank today improved its mobile banking applications with the ability to send cash instantly to others. U.S. Bank has offered peer-to-peer money transfers for more than a year, but before today they required a waiting period. The new service makes transfers instantaneous and offers receipts for both parties. U.S. Bank further improved its mobile apps with the ability to request money so, for example, a college student can send a cash request to his or her parents. These new features are also available though U.S. Bank's web site. The instant payments are sent using Fiserv's Popmoney Instant Payments service. U.S. Bank says the recipient's bank needs to participate in Fiserv's Popmoney service in order for instant transfers to work. U.S Bank customers can update their Android and iOS mobile apps via the respective app stores.
Google Unfolds A Brand New Wallet App for Android
Google today released a fully redesigned Google Wallet application for Android devices. Google Wallet is not an app for making mobile payments at retail.
Zelle Promises Quick P2P Payments Via Mobile Banking Apps
Many of today's popular mobile banking apps will soon support a rapid person-to-person (P2P) payment feature through a new service called Zelle. Zelle, developed by Early Warning Systems, is supported by more than 30 of the nation's largest banks for sending funds from one person to another.
Gmail for Android Gains Send-Money Feature
Google today made it possible to send or request money within Gmail on Android devices. The sender will need a Google Wallet account, but the recipient does not need Google Wallet, nor even Gmail.
Bank of America Apps Add Biometric Authentication
Bank of America today updated its Android and iOS apps with biometric security. Consumers who own handsets with fingerprint sensors — such as the Samsung Galaxy S6 or Apple iPhone 6 — can now use their fingerprint to secure the Bank of America app.
This is new ?
I just wish they'd go under already.