On The Web

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Regulation

Your Apps Know Where You Were Last Night, and They’re Not Keeping It Secret

December 10 2018

• in
• Privacy

“At least 75 companies receive anonymous, precise location data from apps whose users enable location services to get local news and weather or other information, The Times found. Several of those businesses claim to track up to 200 million mobile devices in the United States — about half those in use last year. The database […]

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Global

Singtel adds international m-payment capabilities to Dash app

December 10 2018

• in
• Mobile wallets
• Singapore

“Singapore operator Singtel has expanded the payment capabilities of its all-in-one mobile payments app dubbed ‘Dash’, to include international mobile payments. Dash customers can now use their Visa Virtual Account on the Dash app at millions of online retailers worldwide and merchant points that accept Visa Contactless Payments. In addition, customers can also use Dash […]

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Companies

Google Pay has added 29 banks in the US in December 2018

December 10 2018

• in
• Google
• Mobile wallets

“Just in time for last-minute holiday shopping, Google has added almost thirty new banks and credit unions in the US to its Google Pay mobile payment service in December 2018. To use your credit or debit card with Google Pay anywhere in the world, your bank or credit union needs to first be supported by […]

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Tech

Government Releases Report on Campus Prepaid Card and Deposit-Account Fees

December 11 2018

• in
• Open loop prepaid

“The report was prepared by the Consumer Financial Protection Bureau for the Education Department and completed in February, but not released until Friday. The release came only after former CFPB officials tipped off journalists and consumer groups of its existence, resulting in demands under the Freedom of Information Act for its release, according to U.S. […]

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Domains

Finablr’s UAE Exchange, Ripple to begin blockchain payments by first quarter

December 13 2018

• in
• Blockchain
• Cross-border payments
• Global Payments

“Asia was one of the biggest recipients of the roughly $613 billion in remittances sent globally last year, with a large swathe coming from expatriate workers in the Middle East, where UAE Exchange, part of payments and foreign exchange company Finablr, is one of the main players. Most funds are currently sent through foreign exchange branches […]

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Tech

Google Pay goes live in France

December 11 2018

• in
• Mobile wallets

“Google Pay is now live in France, with support for Boon, Boursarama Banque debit and credit cards, Edenred Ticket Restaurant cards, Lydia prepaid Mastercards, N26 Mastercard debit cards and Revolut Mastercards.”

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Tech

Wirecard woos with Apple and Google Pay play

December 11 2018

• in
• Mobile wallets

“Good things come in twos as Wirecard’s boon customers now have Apple Pay in Germany and Google Pay in France. For its German boon customers, users can top up their account using any Mastercard or Visa credit card and via bank transfer. As a result, Wirecard says it is not necessary to already own a credit card from a bank supported […]

On The Wires

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Tech

American Households Carry $420 Billion in Revolving Credit Card Debt, According to Annual NerdWallet Study

December 10 2018

• in
• Credit cards

“Credit card debt continues to be one of the most expensive types of debt, and carrying that average balance of $6,929could cost $1,141 per year in interest alone. The amount Americans pay in interest may increase if the Federal Reserve increases the federal funds rate, which is likely to take place this month.”

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Tech

MoneyGram Launches Mobile App in U.S. and 14 Additional Countries

December 10 2018

• in
• Mobile apps

“MoneyGram (NASDAQ: MGI) announced today its new mobile app is now available for consumers in the U.S., the company’s largest send market, and 14 additional countries. The MoneyGram mobile app (IOS and Android) offers convenient features like biometric identification, location finder, transfer tracking, plus exchange rates and fee estimates. “

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Tech

OneWest Bank Launches Debit Card Controls

December 13 2018

• in
• Digital banking

“Card Controls allows consumers to set spending limits, create transaction alerts, specify merchant categories such as food, gas or entertainment, and define regions where the card can be used. Consumers can also disable certain locations or merchant categories from spending. Additionally, the on-and-off switch provides a fast method to secure an account if the associated […]