Snapchat unveiled a new service in partnership with Square that allows users to transfer funds to friends.

Snapchat’s New Snapcash Service Allows Users To Send Money To Friends

Over the last year Snapchat has evolved from a system that allows users to communicate through photos that self-destruct after 10 seconds, to a full on chat messaging system that flashed pictures and videos for 10 seconds at a time. Now the social sharing app, which has been the target of numerous security hacks, is offering a new service: Payment transfers between users’ bank accounts. [More]

Walmart Continues Its Foray Into The Financial Industry With New Money Transfer Service

Walmart Continues Its Foray Into The Financial Industry With New Money Transfer Service

Walmart’s one-stop-shop just gained new ground. Instead of traipsing to Western Union or another money transfer storefront, you can just send dear old grandma a few bucks once you’ve finished grocery shopping at the superstore. [More]

(MykReeve)

Popmoney Seemed Easy, Then I Tried To Actually Get My Money

Popmoney seems like a great idea, and lots of banks offer it to their customers. It’s sort of like PayPal, but without having to deal with PayPal. You send people money using their mobile number or e-mail address. It’s a new offering from Fiserv, a company that you probably haven’t heard of but have most likely done business with indirectly. They handle money transfers behind the scenes for banks, and other financial institutions. [More]