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CNET Update - Facebook to rival Snapchat and Venmo as a money-sending tool

2015-03-18
there's a new way to send money to your friends I'm Bridget Carey and this is your CNET update facebook Messenger is the latest app to join the money sending movement the social network will let you send money to friends for free by clicking on a dollar sign inside of the chat app but to send money both the sender and receiver need to give Facebook their MasterCard or Visa debit account it's rolling out to people in the US over the coming months so you may not see it right away Facebook says in time it would like to support other types of payment methods you can require a PIN number to be entered in before sending money as an extra security precaution it's no surprise Facebook is getting in the payments game the network hired the former president of PayPal this summer so it could create its own payment system there are a growing number of apps that let you pay back your friends such as snapchat and PayPal venmo it's hard to get excited though about giving social networks your financial information when there are so many reports of hacking fraud and data breaches the latest drama is with the health care provider primera Blue Cross it reports 11 million customer records may have been exposed with accounts that go as far back as 2002 the data at risk includes names birth dates and social security numbers the company says it was hit by a cyber attack in May of 2014 but the breach was discovered at the end of January just days before health insurer anthem revealed its data breach of 80 million people laws don't require health insurance companies to encrypt data stored on their servers but let's hope that changes moving on to a different sort of insurance HDC has a sweet offer for the accident-prone customer the smartphone manufacturer promises to replace the one m9 phone within the first year of ownership for any reason no questions asked it's called uh-oh protection and it's only available to US customers the one m9 Android phone was just announced this month and it hasn't gone on sale yet if you crack it or drop it or even just want that new phone field you can call a number to have HTC ship replacement phone overnight and then you have 20 days to send your old phone back and Sony's PlayStation View internet TV streaming service is now available to purchase for a whopping $50 a month if you want to cut the cord to typical cable packages and if you have a Playstation 3 or Playstation 4 console you can stream a mix of local and regional networks over the Internet it'll cost an extra $10 a month though to add local sports channels which isn't any cheaper than going with cable the service launches in New York Chicago and Philadelphia but more US cities will be added later in the year that your tech news update and you can stay updated at cnet.com from our studios in New York I'm Bridget Carey
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