Facebook has today announced it is rolling out a new feature for users that will let friends send money to each other, through its Facebook Messenger app. Like similar services, a simple tap allows users to send a cash amount to their recipient in a single step.
Users must first associate a Visa or MasterCard debit card to their Facebook accounts. Then, a ‘$’ symbol appears in the Facebook Messenger user interface alongside the chatbox. Sharing credit card information with Facebook is a dangerous prospect for many people, although the company says it will not monetize the service ‘at this time’. For the time being, sending money has no charge per transaction above the cash amount you are sending.
When it launches, the feature will only be available to US residents. It is unclear whether Facebook plans to expand internationally. The Facebook Messenger payment feature was first revealed late last year, when a developer found the UI elements hidden inside the app. If you don’t want to wait for Facebook to actually release the announced feature, check out competing services like Square Cash — the idea of easily sending money to friends through an app is not particularly new.
Filed under: Apps Tagged: Apps, Facebook, Facebook Messenger, money, Square Cash
Highlighted in the new version is the ability to manage bill reminders right from the app. For the iPhone version, bill reminders can be created, edited, and managed from the latest version of the app. A change to the Overview tab wraps all this together.
Mint has also enhanced the newly added Updates view to show upcoming bill due dates. The new Upcoming Bills Card will present any bills with a due date within the next seven days.
In terms of accessibility, Mint has added support in a number of areas of the app. This includes the login, signup, split transactions and transaction detail pages.
Mint 4.1 for iPhone and iPad is available for free on the App Store.
Filed under: Apps Tagged: accessibility, bill reminders, budget, finance, Intuit, Mint, money, money management, personal finance
Apple reported the largest profit ever recorded by a public company in the holiday quarter, mostly driven by sales of 74 million iPhones with an average selling price of $687. According to Cannacord, this meant Apple captured 93% of handset smartphone profits. Perhaps more staggering is that it claims Apple dominated on similar levels across the entire of 2014 — with 79% of mobile device profits.
The analyst expects continued growth for the iPhone for the next few users, with an estimated 650 million iPhone users by the end of 2018.
On financials, Apple is way out in front of its competition. Unsurprisingly, Samsung is Apple’s closest rival although it is still far off in terms profitability. The same report says Samsung shipments account for 9% of total profits in the fourth quarter, meaning Apple and Samsung combined makeup 102% of the total.
Like some previous quarters, Apple and Samsung were the only companies to make non-negative profits in the period. Cannacord says HTC, LG, Sony, Lenovo and BlackBerry broke even and Microsoft phone sales (Nokia) actually made a relative loss of 2%.
Despite unparalleled operating margins, the iPhone continues to become ever more mainstream, as this chart by Charles Arthur highlights.
Filed under: AAPL Company, iOS, iOS Devices, Tech Industry Tagged: 2014, average selling price, BlackBerry, Cannacord, Charles Arthur, holiday quarter, HTC, iPad, iPhone, Lenovo, lg, Microsoft, mobile device profits, mobile industry, money, Nokia, profits, quarter, sales, Samsung, Sony