America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports. Zelle, developed by bank-owned Early Warning Services, is built on top of a payments network that connects the country’s five biggest banks — and others — including Chase, Citi and Bank of America. Another 20 banks will be added early next year. “This is about creating a wide, and inclusive, alternative to cash and checks for everyone,” says Early Warning Services chief executive Paul Finch.
- Opal card implanted into Sydney man Meow-Meow could be deactivated by NSW authorities
- American Express goes live with Android Pay in Canada
- A biometric ring could replace your passwords, cards and keys
- Singapore banks to allow cellphone numbers for transfers
- NXP, Shanghai Unicom and Roam2Free collaborate to develop secure eSIM solution