News Topic: Mobile wallets
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Apple is rolling out digital ID. Will banks use it?
Inside Google and Wise's cross-border payments push
What PayPal is including in its super app
The point of sale isn't just changing — it could disappear
Apple, Goldman plan buy now/pay later service to rival Affirm
Apple to add digital ID storage to Wallet app
Apple Card suffers an outage
JPMorgan shutting down Chase Pay digital wallet a year after discontinuing app
The option to transact using Chase Pay will be removed from all merchant websites and apps by the end of the month. ... Read full article
Google Pay overhaul adds in-app banking with Citi, Stanford FCU and others
Google has redesigned Google Pay to add new financial management and loyalty features; and to offer consumers checking and savings accounts from partner banks and credit unions in 2021. ... Read full article
Green Dot readies GO2bank to take on new generation of challengers
As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own. ... Read full article
Banks can hold stablecoin-related assets for customers, OCC says
The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings. ... Read full article
How EventBot malware exploits shift to mobile payments during coronavirus crisis
Criminals developing EventBot malware built it to take advantage of businesses and humans turning to mobile banking and payments in the current coronavirus crisis — but also to update itself on the fly to become more insidious in the future. ... Read full article
Why Congress considered a digital dollar in its coronavirus response
The coronavirus stimulus package has resurrected calls for the U.S. government to offer a central bank digital currency, public mobile wallets and postal banking—controversial ideas that are hard to pull off, but exist outside the U.S. and could dent ... Read full article
Wells Fargo aims for top of digital wallet with $5 bonus
Wells Fargo hopes to anchor its debit card at the top of customers’ digital wallets with a promotion offering users a $5 credit. ... Read full article
It's time to go all-in on open banking
Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition. ... Read full article
Why PayPal is suing the CFPB over its prepaid card rules
PayPal — which is rarely thought of as a prepaid card company — has filed a lawsuit against the CFPB over its rules on prepaid accounts, underscoring the rapid changes in digital financial services and PayPal’s own expanding financial services ambitions in ... Read full article
Mobile banking apps need to go beyond the basics
New tech like APIs and artificial intelligence will help consumers manage all their finances through an app, rather than just transfer funds. ... Read full article
Google-Citi deal will face scrutiny; auto lending rises to near record level
The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record. ... Read full article
Google-Citi partnership stirs privacy concerns
Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the ... Read full article