Here’s another sign we’re edging closer to a world without paper money: Chase bank has added a feature to its iDevice apps that lets its customers transfer money from their Chase accounts to any bank account in the U.S. (both Chase and non-Chase alike).
Frequent PayPal users should recognize the new feature — and it’s usefulness, as money can be easily transferred from a Chase account to any other U.S. account via the recipient’s attached telephone number or email address. To our knowledge, this is the only major bank in the U.S. to so far adopt the feature.
When he was eight, Eli Milchman came home from frolicking in the Veld one day and was given an Atari 400. Since then, his fascination with technology has made him an intrepid early adopter of whatever charming new contraption crosses his path. He calls San Francisco home, where he works as a journalist and photographer. Eli has contributed to the pages of Wired.com and BIKE Magazine, among others. Hang with him on Twitter.
One response to “Chase Adds PayPal-Like Person-to-Person Pay Feature To Its Apps”
Wouldnt this end paypal?