Square Cash is a deceptively simple new way for consumers to send money using only email and a debit card. Unlike competing payment services, there’s no password to remember, no fees at either end or an account to set up, although you can use an existing Square login should you have one. Here’s how it works: Open the app, enter a dollar amount on the keypad, tap "Attach to Email," and enter the recipient’s email address. After you hit send, the app’s job is complete – Square replies via email, requesting your debit card number, expiration date, and zip code.
Our iPhones make it easier than ever to keep our budgets in check. There are an abundance of spending trackers in the App Store that will alert us when our bills are getting out of hand, but they're really only as smart as we make them. Constant vigilance is required to catch errant charges, and if you're not careful, fees and fraud can pile up and siphon money from your wallet. BillGuard looks to take human error out of the equation. By leveraging the power of crowd-sourcing, the app scans every credit and debit card transaction and alerts you to anything that looks suspicious.
The mobile payment wars are about to heat up, with search giant Google throwing their own hat into the ring on Thursday in a move that pits them directly against credit card providers Visa, Amex and Discover -- as well as those who provide payment solutions, such as PayPal, Square and VeriFone Systems.
Mobile payments are heating up -- just as Square gets coveted space at Apple retail stores, Intuit is launching a counteroffensive by making their free GoPayment app universal, bringing payment processing to the iPad as well.
Everyone loves Girl Scout cookies, but not everyone has money on hand when the opportunity to buy them arises. This troubles me deeply, as it no doubt troubles you. Fret no more, my friends, because some Girl Scout troops are rocking iPhones for the ultimate in cookie-purchase-fulfillment!
We’ve heard rumors that Apple is working on a near-field communication (NFC) payment system for the iPhone before, but new details have emerged that may allow users to pay for goods and services with their iTunes account.
If you need more evidence that we’re living in the future, check out the video below from Visa, who has started a test program in New York City which allows subway riders to pay their fares with nothing more than your iPhone.
If you’ve been looking for a better way to accept credit cards with your iPhone, Intuit and Mophie have teamed up and may just have the perfect solution for you -- assuming you’re still rockin’ an older iPhone 3G or 3GS, that is (for now).
It could be nothing, but it certainly might be something: If you make your iTunes applications and media purchases with a credit card or a PayPal account, you'd do well to take a moment and read this story and take a few precautions to ensure your financial well-being.
A number of of users who utilize their credit card or Paypal to purchase goods from the iTunes Store have reported massive unauthorized purchases of software, music and videos using their iTunes Store account. Reports of the amounts taken from the various users differ, with some seeing purchases in the hundreds of dollars, to thousands. One unfortunate individual reported that his entire bank account was drained via PayPal in the name of someone else getting their entertainment and productivity on.
If Bloomberg's got it right, and they often do, all signs point to Verizon and AT&T are pairing up in an effort to displace much of the the need for credit cards in the retail universe by allowing consumers to pay for their purchaes with the wave of their smartphone. According to the report, the venture also includes the cooperation of some other financial sector and telecom heavy-hitters, including T-mobile, Deutsche Telecom and Discover Financial Services.