American Express to launch Serve, a PayPal competitor

Amex_Serve-Card-Front-Image-Web-JPGPayPal’s enviable position as the go-to digital payment platform may soon be on shaky ground. According to an official announcement released this morning, credit card giant American Express has its own payment system in the works, which will take direct aim at PayPal and other emerging payment platforms.

The service, dubbed Serve, will share many of PayPal’s features, including fund transfers, ATM withdrawals, and person-to-person payments. Serve users can connect their account to be funded by multiple accounts, including debit or credit cards, bank accounts or from another Serve account.

Serve, which can be accessed online at Serve.com, through apps for iPhone or Android-based devices, or through Facebook, will initially be accepted anywhere that takes American Express credit cards, though the company says it could expand Serve through the adoption of technologies, like the near-field communication (NFC) payment option.

“We intend to quickly evolve the Serve platform by adding new features and functionality as we learn from consumer and merchant experiences,” said American Express group president of enterprise growth Dan Schulman in a statement. “To encourage a broad cross-section of people to experience the benefits and convenience of Serve, we are working with a range of partners to integrate Serve as a payment method and deliver customized offers, and we will waive most consumer fees for the next six months.”

While the absence of fees may sound enticing, Serve isn’t free: AmEx will charge 2.9 percent plus $0.30 anytime money is put into a Serve account. ATM withdrawals will cost $2.00, after one free withdrawal each month. (PayPal has similar fees.)

American Express’ announcement about Serve comes just two weeks after Visa revealed that it, too, would be entering the digital payment market. Other digital payment upstarts that have PayPals number are Venmo and Square.

News of Serve’s launch comes only hours after news that Google, Mastercard and CitiGroup plan to team up to test NFC “digital wallet” technology in select cities.

Apple

Apple’s Netflix competitor Apple TV Plus headlines a barrage of new services

Apple's It's Show Time event in Cupertino, California, is officially over, with the tech giant announcing a new video-streaming service to compete with Netflix and Amazon, a new way to subscribe to paid news outlets, and more.
Apple

Apple Pay will be available at 70 percent of U.S. retail locations this year

Apple Pay is growing rapidly, so we've built a list of all the vendors, retailers, and companies worldwide that plan to support Apple's burgeoning mobile payment platform or already do.
Mobile

Google Fi: Phones, plans, pricing, perks, and more explained

Google's wireless service, formerly Project Fi, now goes by the name of Google Fi, and it's now compatible with a majority of Android phones, as well as iPhones. Here's everything you need to know about Google Fi.
Business

Patreon is having another go at changing the way it charges creators

Patreon messed up pretty badly the last time it tried to change its payment system. Now it's having another go, though this time the changes mainly affect future sign-ups rather than its current community of creators.
Computing

From hot rods to budget sleepers, our favorite desktops can handle anything

Are laptops overrated? Experience the power offered by the best desktop computers on the market today, whether you're in need of a budget solution or a fire-breathing, $4,000 premium gaming rig.
Mobile

Want to watch Netflix in bed or browse the web? We have a tablet for everyone

There’s so much choice when shopping for a new tablet that it can be hard to pick the right one. From iPads to Android, these are our picks for the best tablets you can buy right now whatever your budget.
Product Review

HP’s gem-cut Spectre x360 15 is the most powerful 2-in-1 you can buy

HP’s 2019 Spectre x360 15 brings this massive 2-in-1 up to speed, literally. It now equips the same six-core Intel CPU as the rest of the 15-inch field, along with a real GPU for some 1080p gaming.
Computing

Man pleads guilty to scamming Facebook and Google out of more than $100M

One of the men behind an elaborate fraud that saw Facebook and Google each hand over tens of millions of dollars has admitted to his part in the scheme. Lithuanian Evaldas Rimasauskas faces up to 30 years in a U.S. jail.
Computing

Ditch the background from your photos with these handy editing tools

Need to know how to remove the background from an image? Whether you prefer to use a premium program like Photoshop or one of the many web-based alternatives currently in existence, we'll show you how.
Computing

Yes, you can use Android apps on your Chromebook. Here's how

You can now get Android apps on your Chromebook! Google has enabled the Google Play Store app support on its Chrome OS and Chromebook hardware, so to get you started, here's our guide on how to get Android apps on a Chromebook.
Computing

Zipping files on a Chromebook? Follow these four easy steps

Chromebooks support file compression, though they work a little differently than on Windows or Mac. Here's the step-by-step process to zipping files on a Chromebook, and then unzipping them again for extraction.
Computing

Tired of all that white? Here's how to change the Google background image

Did you know that you can change how your Google search home page looks? It's a simple process to pick a new theme: We'll show you how to change your Google background, what to look for in themes, and how to download your own pictures for a…
Deals

These big, beautiful BenQ gaming monitors are on sale on Amazon right now

All gamers know that a good monitor is just as important as PC hardware to fully enjoy what today's games have to offer. BenQ makes some of the best (including some of our favorites), and three top-rated BenQ gaming monitors are on sale on…
Deals

The best Raspberry Pi 3 kits for coders, gamers, and DIY projects

The Raspberry Pi 3 is a low-budget computing platform capable of doing just about anything. We rounded up a handful of the best Raspberry Pi 3 bundles to get you started on a variety of DIY projects.