Looks like Paypal was causing some envy

[fingfangfoom]

WASHINGTON (AP) -- Three of the nation's four largest banks are launching a system that lets customers transfer money from their checking accounts using only a mobile number or e-mail address.

 

The banks say the service, called clearXchange, will make payments easier than traditional money transfers, which require a bank routing number and move through a system controlled by Federal Reserve banks.

 

The service is a joint venture between Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. The banks expect to add other financial institutions, eventually creating an industry-wide utility for moving money.

 

ClearXchange is an attempt by the banks to retain fee-weary customers who have embraced alternatives such as prepaid debit cards and eBay Inc.'s PayPal service.

 

 

[dupont2005]

[VintageComics]

Canadian banks have had email money transfers as an option for years now. I've actually paid for many things this way including eBay purchases, board transactions and other stuff.

 

I'm actually surprised US banks didn't have this earlier. It's pretty easy to send money now with only an email address required and a password for the recipient to unlock the transfer. The only stipulation is that you need to be able to bank online with your bank to be able to send and receive the funds but that cover most people now a days.

[Count]

FU Paypal

 

Ebay is next

[davidpg]

Canadian banks have had email money transfers as an option for years now. I've actually paid for many things this way including eBay purchases, board transactions and other stuff.

 

I'm actually surprised US banks didn't have this earlier. It's pretty easy to send money now with only an email address required and a password for the recipient to unlock the transfer. The only stipulation is that you need to be able to bank online with your bank to be able to send and receive the funds but that cover most people now a days.

 

Same here...awesome to be able to do this.

 

BTW...Roy, you comin' into town again this September for the con?

[VintageComics]

Canadian banks have had email money transfers as an option for years now. I've actually paid for many things this way including eBay purchases, board transactions and other stuff.

 

I'm actually surprised US banks didn't have this earlier. It's pretty easy to send money now with only an email address required and a password for the recipient to unlock the transfer. The only stipulation is that you need to be able to bank online with your bank to be able to send and receive the funds but that cover most people now a days.

 

Same here...awesome to be able to do this.

 

BTW...Roy, you comin' into town again this September for the con?

 

Hopefully, although it's looking like a really busy year.

 

[cheetah]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

[the420kid]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

that list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

[DiceX]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

that list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

Yeah. And screw "the man."

 

 

[Tec-Tac-Toe]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

that list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

Yeah. And screw "the man."

 

 

 

:banana: :banana: :banana: :banana: :banana: :banana:

[divad]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

that list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

Yeah. And screw "the man."

 

 

Post. of. the. day.

[Jonesin4Comics]

Canadian banks have had email money transfers as an option for years now. I've actually paid for many things this way including eBay purchases, board transactions and other stuff.

 

I'm actually surprised US banks didn't have this earlier. It's pretty easy to send money now with only an email address required and a password for the recipient to unlock the transfer. The only stipulation is that you need to be able to bank online with your bank to be able to send and receive the funds but that cover most people now a days.

 

Same here...awesome to be able to do this.

 

BTW...Roy, you comin' into town again this September for the con?

 

Hopefully, although it's looking like a really busy year.

 

 

No way he's going to make it after we get crazy in San Diego.

Roy, you ever been in a SoCal jail

[VintageComics]

Canadian banks have had email money transfers as an option for years now. I've actually paid for many things this way including eBay purchases, board transactions and other stuff.

 

I'm actually surprised US banks didn't have this earlier. It's pretty easy to send money now with only an email address required and a password for the recipient to unlock the transfer. The only stipulation is that you need to be able to bank online with your bank to be able to send and receive the funds but that cover most people now a days.

 

Same here...awesome to be able to do this.

 

BTW...Roy, you comin' into town again this September for the con?

 

Hopefully, although it's looking like a really busy year.

 

 

No way he's going to make it after we get crazy in San Diego.

Roy, you ever been in a SoCal jail

 

 

Almost.

 

[Not*Sure*]

 

 

[TupennyConan]

Death to paypal.

[primeinvestibles-migration]

FU Paypal

 

Ebay is next

[lscomics]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

that list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

Yeah. And screw "the man."

 

Screw "the man"? What did Stan Lee ever do to you?

[fingfangfoom]

...and the assault on Paypal continues:

 

NEW YORK - EBay and its online payment unit, PayPal Inc, on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems.

 

The two executives, Osama Bedier and Stephanie Tilenius, were formerly with PayPal and led the launch on Thursday of Google's own mobile payment system in partnership with MasterCard, Citigroup and phone company Sprint.

 

 

[VintageComics]

Paypal has had a monopoly making "free" money with little relatively little effort for a very long time now. It was just a matter of time before one of the giants stepped up.

 

It's going to be interesting to see the law suit unfold.

 

The lawyers would know better but it sounds incriminating with two high level Paypal employees now working with google.

[Chespirito]

FU Paypal

 

Ebay is next

 

If you think BoA, Chase and Wells Fargo are doing it out of the kindness of their hearts, you'll find they are far more inventive in their ways to screw the consumer than eBay and paypal.

 

 

thatt list of banks of reads like a who's who of the biggest crooks ever. Screw them and screw paypal.

 

Yeah. And screw "the man."

 

 

Post. of. the. day.

fffffffffffffunny....funny for sure..."the man"....hilarious!