payments
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Google Pay app is shutting down in the US later this year
Google has announced that Pay will be discontinued in the US on June 4, 2024 in a push to simplify its payment apps.
PayPal is laying off 2,500 employees
The cuts will allow PayPal to “move with the speed needed to deliver for our customers and drive profitable growth,” CEO Alex Chriss said in the letter sent to employees.
Amazon ditches Venmo as a direct payment option after just 14 months
Amazon will no longer allow customers to pay for goods directly via Venmo.
Venmo's Groups feature could spell trouble for bill-splitting apps
Venmo's Groups features could help users manage and settle up shared expenses. That may spell trouble for apps like Splitwise.
Zelle may refund your money if you were scammed
Zelle has confirmed to Engadget that it started reimbursing customers for impostor scams, such as those perpetrated by bad actors pretending to be banks, businesses and government agencies, as of June 30 this year.
Patreon is fixing canceled payments and inaccessible funds for creators
Patreon said today it has fixed the root cause of a problem that led to creators and patrons seeing widespread rejected payments this week, and it’s still working to solve the larger problem. The funding platform confirmed to Engadget that financial institutions have flagged “a slightly higher-than-normal number of patron payments” as fraudulent. In addition, some creators said they’re unable to access their funds, which Patreon describes as an unrelated problem stemming from a partner update.
NFC tech could get faster and go fully contactless within the next five years
You may be able to pay for purchases and get into train stations without having to physically touch your phone to an NFC terminal in the future.
PayPal is laying off 2,000 employees
PayPal announced on Tuesday plans to lay off approximately 2,000 employees, or about seven percent of its global workforce.
Amazon brings Prime shipping to more third-party sites on January 31st
Amazon is bringing 'Buy with Prime' to third-party sites in the US at the end of January.
India fines Google $113 million for abusing the Play Store's dominance
It’s the second time in a week that the country has slapped Google with a nine-figure, Android-related fine.
Amazon now lets you pay using Venmo
Amazon now takes payments from your Venmo balance.
PayPal's new rewards program includes Honey shopping discounts
PayPal has trotted out a unified rewards program that now includes Honey's shopping discounts.
Samsung Wallet payments and passes are coming to 13 more countries this year
Samsung Wallet is expanding to 13 countries by the end of the year, including Denmark, South Africa and UAE.
Affirm's pay-over-time option comes to Canada through Amazon
Affirm's pay-over-time option has come to Canada thanks to a team-up with Amazon.
Google allows Android apps to use third-party payments in the EU
The policy doesn't apply to gaming apps on the Google Play store for now.
Facebook Pay is now Meta Pay, and hopes to be the metaverse's digital wallet
Facebook Pay is becoming Meta Pay.
PayPal will let users split the cost of purchases over up to 24 months
It's building on the company's previous buy now, pay later schemes.
Apple staff are already using 'Tap to Pay' at the HQ visitor center
Apple is already testing its Tap to Pay feature for merchants at its Apple Park visitor center.
Google's latest security upgrades include virtual credit cards
Google has unveiled a host of security improvements at I/O, including virtual credit cards to help protect your payments.
Apple reportedly wants to handle more financial services in-house
Apple reportedly wants to bring more of its financial services in-house, including credit checks and payment processing.
