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.
- NXP releases NFC tag toolkit for iOS
- Banks back government-led Taiwan Pay QR payments service
- Japanese banks to develop shared customer ID platform
- Nest lets home owners use NFC tags to share access to home security system
- NFC Forum launches tag certification program