Apple Cash Adds ID Check for Reloads, Teases Bank Funding
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7 Articles
Apple Cash Adds ID Check for Reloads, Teases Bank Funding
Apple Cash will soon require identity verification to add money. In emails going out to customers, Apple explains that starting on November 9, Green Dot Bank will begin requiring users to verify their identity when reloading their Apple Cash cards. Identity verification is already required when adding, sending, or receiving over $500 total, but verification for any reload is new. Apple says Green Dot Bank may make it easier to add money to an Ap…
Apple has informed users of its services that it has updated the terms of the Green Dot Bank fintech regarding Apple Cash.
Green Dot Bank will impose an additional requirement on those who use Apple Cash without verifying their identity: from November 9th they will not be able to reload their balances. The entity will also keep the ban on transactions linked to cryptocurrencies.
Apple Cash's Banking Partner Tightens ID Rules, Keeps Crypto Ban
As the market watches for clues about Apple’s potential crypto asset moves, the company’s banking partner is tightening its identity verification rules for Apple Cash users while leaving crypto asset-related transactions banned. Apple has been emailing users about Green Dot Bank’s updated terms for Apple Cash, a digital prepaid card in the iPhone Wallet app. […]
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