All Twitter users in France – irrespective of their bank – will be able to ‘Tweet’ money to one another from October.
The S-money service, developed by the electronic money subsidiary of Groupe BPCE, will allow users to send money to others free of charge, ‘easily, rapidly and securely’ according to a press release. But beyond these limited details, BPCE is keeping quiet on how the service will work, as the first banking group to launch such a service. Instead, curious [French] Twitter users can enjoy a preview at http://s-money.fr/twitter.
“We warmly welcome this innovation developed by Groupe BPCE and the service it provides to Twitter users in France by integrating its S-Money service into a live, public, conversational dimension characteristic of Twitter,” said Olivier Gonzalez, CEO of Twitter France.
“The ease of use and immediacy of the S-Money payment solution for individuals is perfectly adapted to the Twitter user experience,” said Nicolas Chatillon, CEO of S-Money. “[It] offers Twitter users in France a new way to send each other money, irrespective of their bank and without having to enter the beneficiary’s bank details, with a simple Tweet. We plan to make this new service available to the general public in early October.”
Twitter also launched a ‘click to buy’ button last week, in a bid to integrate the social networking platform into the e-commerce market. Virtual Affairs is also unveiling a service today allowing BankingRight customers to make payments via Facebook. Social networking and payments are rapidly becoming intertwined.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
It's banks, not government agencies, that the British people trust to deliver biometric authentication payment services, says a new Visa study.
With less than two weeks to go until the US liability shift hits its first anniversary, MasterCard published new data evidencing the positive impact the technology is having on issuing banks, merchants and consumers, as well as saying adoption continues to grow.