French bank, Twitter team up for money transfers via tweets
Userlevel 7
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(Reuters) - One of France's largest banks is teaming up with social network Twitter Inc. (TWTR.N) this week to allow its customers to transfer money via tweets.
The move by Groupe BPCE [BPCE.UL], France's second largest bank by customers, coincides with Twitter's own push into the world of online payments as the social network seeks new sources of revenue beyond advertising.
Twitter is racing other tech giants Apple (AAPL.O) and Facebook (FB.O) to get a foothold in new payment services for mobile phones or apps. They are collaborating and, in some cases, competing with banks and credit card issuers that have run the business for decades.
http://www.reuters.com/article/2014/10/12/us-twitter-payments-idUSKCN0I10UV20141012
Userlevel 7
Quite frankly I don't trust mobile bankng, look what is happening with all the banks and the breachs that are currently happing. I'm going to sit back and see how this devleopes.
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