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Apple Is In Talks To Launch Its Own Venmo (recode.net)
An anonymous reader quotes a report from Recode: The company has recently held discussions with payments industry partners about introducing its own Venmo competitor, according to multiple sources familiar with the talks. The service would allow iPhone owners to send money digitally to other iPhone owners, these people said. One source familiar with the plans told Recode they expect the company to announce the new service later this year. Another cautioned that an announcement and launch date may not yet be set. The new Apple product would compete with offerings from big U.S. banks as well as PayPal, its millennial-popular subsidiary Venmo, as well as Square Cash in the increasingly competitive world of digital money-transfers. Apple has also recently held discussions with Visa about creating its own pre-paid cards that would run on the Visa debit network and which would be tied to the new peer-to-peer service, sources told Recode. People would be able to use the Apple cards to spend money sent to them through the new service, without having to wait for it to clear to their bank account.
I'd never heard of it before.
*sigh*
I guess I'd better hike my pants up and start shoo'ing kids away from my lawn...
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
Venmo is some stupid "payments wallet for your mobile phone" kind of thing, you have probably never heard of it, and they probably paid for this story in an attempt to make themselves more relevant.