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Deezer's new royalty system could be a big deal for smaller artists
Deezer wants to launch a payment structure that more fairly rewards creators for their music. If the company can get the necessary rights holders on board, it intends to launch a user-centric payment system (UCPS) as a pilot in France early next year, with a global rollout to follow if all goes to plan.
Venmo can instantly transfer money to your bank account
Venmo's instant transfers are no longer limited to sending money to debit cards. The PayPal-owned service now permits transferring money immediately to linked bank accounts. It still incurs the same 1 percent fee with a minimum 25-cent transfer cost and a maximum $10 outlay. If you can tolerate that, though, it might just save your hide if you're running low on funds or just want assurances that money is sitting in your bank account.
Apple Card customer agreement: use two-factor, no jailbreaking
As the debut of Apple's "new kind of credit card" draws closer, partner Goldman Sachs has published the official customer agreement (PDF) on its website. The Apple Card terms are pretty standard -- similar to some other cards, purchasing any kind of "cash equivalent" like cryptocurrency is prohibited -- but there are some specific items.
Apple Card rolls out in the US this August
The rumors of an imminent Apple Card launch were on the mark. As part of Apple's latest earnings call, CEO Tim Cook confirmed that the iPhone-centric credit card will be available in the US sometime in August. He didn't provide a specific date or other launch details, although Apple has already explained a fair amount about it -- you sign up for the card from an iPhone, and can use it either through Apple Pay or through a flashy titanium card that will be mailed to you for free within a few days.
BMW adds an $80 yearly subscription for Apple's CarPlay
BMW has confirmed it will charge a subscription fee for Apple CarPlay. Drivers of 2019 models and onward will get a year's access for free, and then have to pay to continue to use the service, which allows owners to sync their iPhone with the car's infotainment system. It'll cost $80/£85 per year, or as was the previous outright cost, you can buy a lifetime subscription (20 years) for $300/£295. So if you're only planning on using the car for a couple of years, a yearly payment works out cheaper.
Uber and Lyft allegedly paid drivers to rally against employee status
There is seemingly no end in sight for Uber and Lyft's ongoing worker status dispute. The raging debate has seen battles in the UK Supreme Court, multimillion-dollar lawsuits, driver strikes and only a few small victories for labor groups. Now, the waters have been muddied even further following reports that Uber and Lyft essentially bribed drivers to protest in the companies' best interests.
China’s Alipay will add beauty filters when you pay with your face
We all know how startling it can be to accidentally open a front-facing camera and find your own unassuming face looking back at you. Now, imagine if you saw that image every time you made a purchase. In China, Alibaba's e-wallet affiliate Alipay will soon add beauty filters when you pay with its facial recognition system.
Samsung Pay will work on some NYC trains and buses starting today
A momentous thing is happening in New York City today: They're finally fixing the subway! Just kidding, the Metropolitan Transit Authority (MTA) is rolling out contactless payments for select stations and bus lines. (Because that will address overcrowding, broken air conditioners and aging signal systems!) We already knew that Apple, Google and Fitbit's payment systems would each be supported, and today we're learning that Samsung is a-go too. If Samsung's press release seems light on details, that's because it's the MTA that's charting a course toward a new system that only uses contactless payment methods. The agency's plan is called One Metro New York, or OMNY for short, and today's limited roll-out represents just one early step. The big milestone for 2020 will be enabling mobile ticketing through a forthcoming OMNY app. That move alone would help bring the MTA in line with other public transportation systems, including New York's own Metro North and Long Island Railroad. Looking further ahead, in 2021, the MTA plans to issue a new card that's meant to ultimately replace the yellow swipeable one we use today. That will be available at unspecified retail locations to start, and will expand to vending machines in subway and commuter rail stations by 2022. And, if all goes according to plan, the MTA will retire the swipeable card in 2023. For now, OMNY is only available on Staten Island buses and 4, 5, and 6 stations between Atlantic Avenue-Barclays Center and Grand Central. Again, you can use it with other payment systems too, including Apple Pay, Google Pay and Fitbit Pay. It'll also work with contactless credit and debit cards. Check it out if you're so inclined, and remember: be safe, don't look anyone in the eye and avoid the pole-dancing rats.
Fitbit devices can pay for your NYC bus or subway ride
Add Fitbit to the growing list of device makers that will support tap-to-pay in New York City's mass transit system. When the city's contactless fare pilot program starts on May 31st, Fitbit Pay-equipped wearables like the Versa Special Edition, Charge 3 Special Edition and Ionic will let you pay per ride on the MTA's Staten Island buses as well as the 4, 5 and 6 subway lines running between Grand Central and Atlantic Avenue-Barclays Center. You could use your watch to track your gym session one moment and get a ride home the next, in other words.
AT&T just made it possible to pay your phone bill with bitcoin
Have some spare bitcoin kicking around? You can put it toward your phone service. AT&T says it has become the first big US wireless carrier to accept cryptocurrency for online phone bill payments. Choose the BitPay option at MyAT&T and you can cover your bill with bitcoin instead of conventional funds. You can't use this in-store, alas, but it could make sense if you'd rather save old-school money for other purposes.
Android users can pay in cash on Google Play
A few years ago, Google added carrier billing to the Play Store to make paid apps and in-app payments more accessible, even in emerging markets. Now, the tech giant is making it even easier for users in developing regions and other primarily cash-based societies to get their hands on paid content. It's rolling out a new payment option called "pending transactions," which Play Store Director of Engineering Aurash Mahbod describes as a "new class of delayed form of payment -- like cash, bank transfer and direct debit."
UK government starts accepting Apple Pay and Google Pay
It's now that much quicker for Brits to pay for official services online -- if you use the right services. The UK government now supports Apple Pay and Google Pay for a handful of online services as part of a trial. Right now, it's primarily useful for travel. You can use your mobile device to quickly pay for Global Entry (fast-tracking entry to the US), the Registered Traveller Service (for frequent non-EU visitors to the UK), the Electronic Visa Waiver Service (for some Middle Eastern visitors to the UK). It'll also work for "basic" DBS checks for work.
Amazon Go stores will start accepting cash
When Amazon Go stores first popped up, they promised the "future of shopping": a cash-free experience in which you simply grab what you want and leave as the items are automatically tracked and charged to your account. Now, it appears customers will be able to choose between that futuristic convenience and tried-and-true currency. An Amazon spokesperson told CNBC that Amazon Go stores will begin accepting cash.
Apple is launching a credit card
The rumors were true -- Apple is releasing its own credit card. Apple Card promises to make the most of the company's privacy, simplicity and (of course) integration with your iPhone. You can sign up for the Goldman Sachs-backed card directly from your device (it'll be useful right away), and it'll appear in an updated version of the Wallet app that can show your latest bills, transactions and spending history. Naturally, you can use Messages to ask for customer service.
Square will offer its new crypto employees payment in Bitcoin
Payments startup Square is turning its attention to cryptocurrency. According to tweets from CEO Jack Dorsey, the company is hiring engineers and a designer to "work full-time on open source contributions to the bitcoin/crypto ecosystem."
PayPal opens instant bank transfers in the US
PayPal made it possible for businesses to get paid instantly, but what if you're an individual who just wants funds in a hurry? You might be set after today. The payment service has launched an Instant Transfer option in the US that shuttles money directly to your bank account, not just your debit card. It'll carry a 1 percent transaction fee and isn't worth it in most cases, but it could be vital if you need to pay a bill and would rather wait seconds for your funds instead of hours or days.
Philadelphia is the first US city to ban cashless stores
Philadephia has passed a law requiring almost all businesses to accept cash payments, effectively banning cashless stores. It comes into force July 1st, and businesses which violate it face a fine of up to $2,000.
Apple Pay is now accepted at Target and Taco Bell
Some of the last holdouts on tap-to-pay services are finally hopping aboard. Target, Taco Bell, Jack in the Box, Hy-Vee and Speedway have all introduced support for Apple Pay (and services like Google Pay by extension), making it trivially easy to check out when you need to run an errand or crave a Taco Supreme. The rollout will be gradual in some cases. Target expects all its 1,850 locations to support the technology in the "coming weeks," while Taco Bell and Jack in the Box expect to complete their deployments in the "next few months."
Paying for EV charging could soon be as simple as plugging in your car
The number of EV charging stations across America is increasing, thus paving the way for wider adoption of electric vehicles. But a lot of the infrastructure surrounding charging has remained complicated and time-consuming. Charging points typically require downloading an individual app -- or in some cases, making a phone call to a customer rep -- before you can start juicing up. It's a faff. Now, though, Electrify America is working on a program that will let you pay for electric vehicle charging simply by plugging in your vehicle.
Venmo lost a lot of cash due to payment fraud
Venmo apparently had a good reason for disabling web payments and temporarily shutting off instant money transfers -- it was losing money hand over fist. The Wall Street Journal has obtained documents indicating that the PayPal-owned service took a 40 percent larger than expected operating loss ($40 million) in the first quarter of 2018, and payment fraud played a major factor in that financial blow. Where Venmo had expected dodgy transactions to represent 0.24 percent of its activity, the numbers shot up to 0.4 percent in March.
