Chime Banking, a smartphone-based banking company, announced today that it now supports Apple Pay in the U.S. for both in-store and in-app payments.
Chime Visa debit cards can be added to Apple Pay by tapping the "Add Credit or Debit Card" option in the Wallet app on iOS 8.1 or later on compatible iPhones.
Chime Banking is an app that provides over 120,000 customers with FDIC-insured spending and savings accounts that are managed entirely from a smartphone.
The benefits of creating a Chime Banking account include no minimum or monthly fees, no overdrafts, personalized rewards, savings mechanisms, two-factor authentication, and no-fee ATM access at over 24,000 MoneyPass locations.
Chime Banking has no physical locations, so direct deposits and bills can be set up or paid using your Chime card number, by providing your routing and account number to the payee, or by mailing a check from the app.
Chime Banking is free on the App Store [Direct Link] for iPhone and Apple Watch.
Top Rated Comments
We also don't have direct deposit. My wife and I are both retired, but aren't old enough to start any pension payments. We are living off periodic withdrawals from our investments, which are "transfers" rather than "direct deposit".
[doublepost=1464661804][/doublepost] I don't know. It's probably just because the cities haven't modernized their train systems. Berkeley's BART trains are old, slow, and screechy, and they don't even have proper signage at the stops. I hear my city-planning-major friend complain about it all the time.
Why, when just any EMV terminal is enough to stop cloning/skimming?
Thieves will get a much better bang for the buck with online fraud than by scamming restaurants out of a $20-30 check or two. It's why EMV came the most quickly to places like liquor and electronics stores, which sell expensive, easy to resell items.
With zero liability policies in place by basically every card issuer, I don't think it'll matter to consumers as much as you think.
Why should the government mandate that when PIN has actually proven to, at best, only improve lost/stolen fraud in the short term ('https://www.nerdwallet.com/blog/credit-cards/emv-shift-credit-cards-not-as-safe/')?
Almost 50% of people 65 and older own a smartphone ('http://www.marketingcharts.com/online/smartphone-penetration-rising-in-all-age-and-income-demos-hits-75-of-us-mobile-market-51585/'). That was back in 2014 so it's likely higher now.
The way I see it, chip and signature and even NFC/contactless are stopgaps until the real transition (to mobile checkout/ordering) takes hold.