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    CNBC

    News about CNBC.

    Bank of America adds AI to mobile app

    October 25th, 2016

    A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year. ‘Erica’ was unveiled at Money2020 this week and will “help customers do things like make payments, check balances, save money and pay down debt,” CNBC reports.

    Kohl’s to allow checkouts from mobile app

    September 23rd, 2016

    US department store chain Kohl’s is rolling out a new capability that will allow holders of its store-branded charge card to checkout directly from its mobile app. “The feature is in addition to Kohl’s existing mobile wallet capabilities, which lets shoppers store their payment information to the app and aggregate promotions and rewards,” CNBC reports.

    Walmart sues Visa over chip card payments

    May 11th, 2016

    US supermarket giant Walmart has filed a lawsuit against Visa for “allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards,” according to CNBC. “The retail giant filed a lawsuit in New York court, saying that Visa wouldn’t allow Walmart to just use the chip & PIN protocol and that it was required to allow customers to sign when using a chip debit card,” the CNBC website reports. The EMV liability shift took place across the US in October 2015.

    NXP ‘focused on mobile wallet’

    May 22nd, 2015

    PARTNER NEWS: “What we’re focused on is the mobile wallet,” NXP CEO Rick Clemmer has told CNBC in an interview in which he discusses the company’s smartphone products, growth in China and its partnership with Qualcomm. “The mobile wallet is really where we bring a unique proposition; we want to be able to supply that across the world with all of the leading smartphone companies to really make life easier and secure.”

    Square lets consumers send cash by text

    August 27th, 2014

    Payments startup Square has expanded its Square Cash service, which lets US consumers send money to a contact via email, to include support for sending funds via an SMS text message. The update to the… More