Pay The Babysitter With Your Phone

Companies from Square to Apple let you send money directly to another person: no bank required.

By Alain StephensJune 29, 2017 2:30 pm| ,

For lots of people, paying for things with cash is a thing of the past. And plastic – debit or credit cards – isn’t your only alternative. A number of companies offer direct mobile payment solution, with more players getting into the business all the time. Digital savant Omar Gallaga of the Austin American-Statesman’s 512 Tech says mobile payments give individuals a way to pay one another directly – peer-to-peer is the term of art.

What you’ll hear in this segment:

– What companies offer mobile payments

– How banks are getting into mobile payments

– Why payment companies offer these services for free