FCC Allows Verizon to Lock Phones for 60 Days
The FCC has granted Verizon's request to lock phones that it sells for a period of 60 days from the date they are activated. This type of lock keeps phones from being used on another company's network and was explicitly prohibited by the FCC as a condition of Verizon's license for band 13, the cornerstone of the company's 4G LTE network. The FCC's new waiver from that rule requires that phones be unlocked automatically at the end of 60 days, even if the customer has not requested it or still owes money on a device payment plan. The 60-day lock is intended to deter device fraud and identity theft. Verizon claims handset fraud cost the company $190 million last year.
May 27, 2020
This summer, Samsung will launch Samsung Money by SoFi, a new financial product integrated with Samsung Pay. Like Apple Card, Samsung Money can be used as a payment method with the wallet app (Samsung Pay), the account is managed within the wallet app, and the product also includes a physical payment card.
Sep 1, 2021
Residents of Arizona and Georgia will soon be able to add a secure digital version of their driver's license or state ID to the Wallet app on their iPhone and/or Apple Watch. Connecticut, Iowa, Kentucky, Maryland, Oklahoma, and Utah have also announced plans to support Apple's implementation.
Jul 23, 2020
Samsung Pay users can now sign up for Samsung Money in the new Money tab of the Samsung Pay app. Samsung Money is a debit card linked to a dedicated cash management account (similar to a checking account).
Nov 18, 2020
Google today launched a major revamp of its Google Pay app with a new interface and several major new features. Instead of a stack of cards and list of transactions, the new interface centers around the people and businesses you exchange money with, with a conversation-style interface for each person, group, and business.