money

Android Pay begins its Asian expansion with Singapore

Android Pay begins its Asian expansion with Singapore

On the heels of Samsung launching its own Samsung Pay system in Singapore, Google is now announcing the availability of Android Pay in the same city as well. Largely considered to be tech capital of Southeast Asia, Singapore enjoys being usually the first target of new technologies and platforms in the region. Now Android users in the country will be able to test the promised hassle free benefits of not having to get out your wallet to pay for your next coffee or next McDonald's buy.

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Microsoft Wallet tap to pay is officially out, for Insiders

Microsoft Wallet tap to pay is officially out, for Insiders

It's finally here. Microsoft has finally announced its formal entry into the mobile payments market. Or rather, as Microsoft calls it, cloud-based payment. As reported before, Microsoft Wallet is the new Windows 10 Mobile app that will enable this tap to pay feature for a very select few Lumia models. But since Microsoft has partnered directly with MasterCard and Visa, it means that any contactless payment terminal automagically supports Microsoft Wallet as well. Plus, it supports rewards and loyalty cards right off the bat as well.

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US Bank, MasterCard now supports Android Pay, Samsung Pay

US Bank, MasterCard now supports Android Pay, Samsung Pay

The initial furor over competing mobile payment systems may have died down just a wee bit, but that's because they're silently working to rope in support from more financial institutions and merchants. Although some might consider non-Apple Pay systems to not be that popular, that doesn't necessarily translate to reality. Take for example the recent announcement from US Bank that embraces both Android Pay and Samsung Pay, enabling the two mobile payment methods for the bank's MasterCard holders.

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CurrentC “Apple Pay rival” practically closes its doors

CurrentC “Apple Pay rival” practically closes its doors

Poising your new, still unproven, product as a rival of an existing popular one is a sure way to get noticed, one way or another. But it also sets up expectations that you not be able to meet, ending up with more than just egg on your face. That is pretty much what is happening now to CurrentC, the Merchant Customer Exchange's (or MCX) supposed Apple Pay/Android Pay rival. On its web page, CurrentC testers are not only informed that the beta test ends on June 28, but also that all accounts will be disabled.

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LG Pay “White Card” to be first to have integrated circuit

LG Pay “White Card” to be first to have integrated circuit

By the time LG Pay fully launches later this year, it will probably the youngest and smallest in the still budding mobile payments market. However, it could come with an ace that will, at least in theory, trump even giants like Apple Pay and Samsung Pay. Already leaked before was the "White Card" that will be used with LG Pay, practically a programmable card that can be used on traditional terminals. This would be the first time an integrated circuit or IC will be used in a card for a mobile payment system.

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Bank of America’s Cardless ATMs now support Android Pay

Bank of America’s Cardless ATMs now support Android Pay

Google didn't make much of a big splash about Android Pay at I/O 2016, but Bank of America isn't going to let the conference pass without putting a word in. Going on stage with Google senior director for Android Pay Pali Bhat, BoA's head of digital banking Michelle Moore made the big announcement Android Pay users have been hoping for since the beginning of the year. At least those with Bank of America debit cards among them. Now they safely and conveniently withdraw cash from select ATMs without having to whip out their cards or even their wallets.

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Samsung Pay finally supports membership, loyalty cards in US

Samsung Pay finally supports membership, loyalty cards in US

These days, and especially in the US, purchasing items is no longer just a simple case of handing over the exact amount in exchange for a product. A lot of times, discounts or deals are applied via membership perks or loyalty incentives. To put it in perspective, Samsung says that an average American household juggles around 30 loyalty cards, which all add up to bulking your wallet. As part of its mission to digitize money, Samsung Pay is finally getting support for those loyalty cards to make shopping in the US even more convenient.

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Android Pay lands in the UK, without Barclays of course

Android Pay lands in the UK, without Barclays of course

Even with Google's clout behind it, Android Pay's international rollout hasn't exactly been progressing as blazing fast speed. Still, any new territory covered means more opportunities for Android Pay, and more chances of competing with Apple Pay (or even Samsung Pay). The newest territory to join Google's mobile payment kingdom is, well, the United Kingdom, allowing Android users to pay for coffee or transportation with just a tap of their phone. But as might have already heard, Barclays has opted not to join that party and set up one of its own.

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DAO organization raises $100m, without CEOs, managers

DAO organization raises $100m, without CEOs, managers

Every employee, at one point in time or another, probably dreamed of working in a company where no one is the boss. While there are indeed some small businesses, especially startups, that follow that culture, every organization has leaders, managers, board members, and what not. Not DAO. Short for "Decentralized Autonomous Organization", the very name itself signifies that it has no such overlords. Instead, everything DAO does is determined through "contracts" and computer code. And despite that somewhat nebulous description, DAO has already managed to raise more than $100 million from investors. At least the real world eqiuvalent of virtual money.

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MCX postpones CurrentC mobile payment, lays off 30 employees

MCX postpones CurrentC mobile payment, lays off 30 employees

Did MCX, short for the Merchant Customer Exchange, bite off more than it can chew when it proudly revealed CurrentC to take on the likes of Apple Pay and Android Pay? Perhaps that is the case. Or maybe MCX finally understood the writing that has been on the wall ever since it announced its mobile payment system back way back in 2014. Now the consortium has announced that it is postponing the rollout of CurrentC and, as a side effect, is letting go of 30 of its staff.

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Samsung Pay can now withdraw from ATMs in South Korea

Samsung Pay can now withdraw from ATMs in South Korea

It was probably already expected but, until now, we never really knew when it would be coming. At its developer conference, Samsung revealed that, indeed, its Samsung Pay will soon let you withdraw money from an ATM even without a physical card. As futuristic and convenient, or even scary, as that may sound, it comes with a very big limitation. It is, for now, only available in South Korea and actually only with Woori Bank. And Samsung has made no plans yet to spread it wider.

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New $20 bill to depict Harriet Tubman; 3rd woman ever on US paper money

New $20 bill to depict Harriet Tubman; 3rd woman ever on US paper money

The new $20 bill will feature a portrait of Harriet Tubman - civil rights activist and freedom fighter. This was announced by United States treasuring secretary Jacob J Lew, who also outlined plans for new $10 and $5 notes. The new set of paper money bills will not look like what you're seeing in this article - instead, they're going to be at least partially redesigned aside from the changing-out of historical figures. This is as much about aesthetics as it is about security features.

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