banking

Read Cult of Mac’s latest posts on banking:

Popular banking app Revolut lands in the US

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Revolut
Open your account today in minutes.
Photo: Revolut

Popular banking app Revolut on Tuesday officially opened its doors to customers in the U.S.

The app has already proven incredibly popular in Europe where it has picked up more than 10 million users, while 60,000 people in the U.S. have been beta testing the service since last June.

Revolut offers a number of neat advantages you don’t get from traditional banks, including the ability to request money from others, notifications for all purchases, and the ability to exchange currencies.

New Apple Card site shows exactly how you can get one

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Apple Card
We can't wait for Apple Card.
Photo: Apple

Apple Card inched a little bit closer to its public launch today with the unveiling of a new website that walks users through the sign-up process.

The new wallet.Apple.com provides details on the application process as well as offers visitors the option to get notified when Apple Card launches. Tim Cook revealed during the company’s earnings report last week that the launch is slated for sometime in August.

Banking app Revolut adds Apple Pay support

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Revolut-bank
Start spending with Apple Pay today.
Photo: Revolut

Online banking service Revolut has finally added Apple Pay support in a number of European countries.

Its latest update lets you add your Revolut card to the Wallet app and pay for your purchases using an Apple Watch or iPhone.

Get $100 for using this iPhone-only bank account

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The Finn by Chase app helps track spending.
The Finn by Chase iOS app helps track spending. You can even rate your purchases.
Photo: JPMorgan CHase

JPMorgan Chase now offers an all-digital bank account. Finn by Chase is for people who prefer to do everything on a phone, as this checking and saving account is only accessible on an iPhone or iPad.

To grab people’s attention, the bank will give $100 to new customers who complete at least 10 qualifying transactions within 60 days of opening the account.

Apple Pay Cash finally arrives in iOS 11.2 public beta 2

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Apple Pay
You can now send friends money via iMessage.
Photo: Apple

The future of digital payments has finally arrived on the iPhone. Sort of.

Apple’s new peer-to-peer payments system called Apple Pay Cash is finally rolling out to public beta testers today with the release of the public beta for iOS 11.2 beta 2 and watchOS 4.2 beta 2, giving iPhone and iPad users the ability to send money to each other electronically.

Wells Fargo brings Apple Pay to 5,000 ATMs

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Wells Fargo is embracing Apple Pay at its ATMs.
Wells Fargo is embracing Apple Pay at its ATMs.
Photo: Mike Mozart/Flickr CC

One of the largest banks in the U.S. is embracing Apple Pay and contactless payments by finally adding it to its ATMs across the country.

Wells Fargo revealed today that more than 5,000 of its ATMs have been upgraded recently to support Apple Pay, allowing customers to get cash without having to carry around a physical debit or credit card.

How to use Siri to send people money with PayPal

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Siri can now send friends cash using PayPal.
Siri can now send friends cash using PayPal.
Photo: PayPal

PayPal is making it super-easy to send friends money, thanks to new Siri support introduced in the company’s iOS app today.

Now you can use voice commands to tell Siri how much money to send, and who to send it to. All you have to do is set up the PayPal app to give Siri access. Here’s how to do it:

Banks will spend big to take on Apple Pay

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Apple raked in the cash last quarter.
Spare a thought for the poor bankers.
Photo: Jim Merithew/Cult of Mac

Having recently arrived in Canada and Australia, and with plans underway for a February launch in China, it’s safe to say that Apple Pay is taking over the NFC payments world.

Which is exactly why, according to a new report, banks are ramping up their technology budgets in order to compete — concerned that tech companies like Apple could outgun them on the payments front.

British banks are finally securing their apps with Touch ID

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Touch ID as you know it could be about to change.
The new sound of Touch ID is "ka-ching!" Photo: Apple
Photo: Apple

In a U.K. industry first, two major banks in the United Kingdom are finally adding Touch ID identification to their iOS apps.

RBS and NatWest customers must activate the feature using their existing security information, but can use Touch ID after that. As with the Touch ID login on iPhone, users who get three failed login attempts to their banking services will have to re-enter their passcodes.

Mobile Banking On The Rise, Users Twice As Likely To Do Their Banking On A Tablet

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post-161791-image-3964c7218c2bcae9cd0d76ad327cbaf8-jpg

Gone are the days of walking into a bank with your passbook and having your deposit stamped and recorded. Technology and the advent of online banking has eliminated the need to shuffle through the mouse maze line of your local banking institution and has replaced our favorite smiling teller with bright LED screens and Helvetica font. Online banking is a major convenience that saves us time and allows us to stay in our pajamas that much longer.