AmEx Next to Offer Mobile Peer-to-Peer Payments
American Express today announced a new digital payment system meant to make it easier for people to send one another money. The new system, called Serve, is initially being targeted at those who rely on cash, checking accounts, and debit cards to make most purchases. Serve can be accessed from a new application for iPhones and Android devices, as well as Facebook. Once users set up a Serve account, it can be funded from bank accounts, debit cards, credit and charge cards, or other Serve accounts. It can then be used to send/receive money to/from people, make online purchases, and also pay bills. American Express will send a Serve prepaid (but reloadable) Serve card linked to the user's account, which can be used anywhere American Express cards are accepted. Serve also lets users create and manage sub-accounts for more controlled spending. Serve is available in the U.S. to start, but will expand to other markets and gain more features over time.
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.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Google Wallet Users Can Send Money Via Text Message
Google Wallet now lets people send money to others using only a phone number. The app has supported the ability to send money via email for a long time.
Facebook Messenger Adds Group Payments
Facebook today made it possible to pay groups of people within Messenger. The app has supporter peer-to-peer payments since 2015, but they were limited to single people.
Facebook Rings Up Peer-to-Peer Payments In Messenger
Facebook today introduced a way for people to send money to one another through its Messenger application. Users will need to add a Visa or MasterCard debit to their Facebook account, after which they'll be able to send money to friends or family.
I'm not seeing it's target market..