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• AAPL Company
• Apple News
• Tim Cook
• earnings
• cash

Apple’s cash pile crosses $200 billion for the first time

Apple has just announced record quarterly earnings with $10.7 billion of operating profit. This revenue accumulation has resulted in Apple’s biggest ever cash hoard, now standing at $202 billion dollars. This is up from the record $194 billion level reported in the previous quarter and despite Apple giving away $13 billion to shareholders through its capital returns program.

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• Apps & Updates
• Apps
• iOS
• Bluetooth
• Square
• App Store

Square’s Cash iOS app adds ‘Nearby Payments’ for sending money over Bluetooth

Cash, the app launched by payments company Square last year for personal money transfers, today updated with a new way to send money on iOS 8 over Bluetooth LE. The feature is called Nearby Payments and allows users to send and receive payments by using Bluetooth to find and connect with nearby users. That’s opposed to the previous methods the app already offered including sending payments via text message and email. In case you’re wondering why it’s iOS 8 only:

@bzamayo Apple significantly improved BLE in iOS 8, which allowed us to build a reliable experience for paying people nearby.

— Square Support (@SquareSupport) October 7, 2014

Square notes that users will be able to select preferences for nearby visibility to allow either everyone or only contacts to see their availability. Today’s update to version 2.1 also includes the ability to “Quickly approve or decline money requests with actionable push notifications.” 

The updated Cash app by Square is available for free on the App Store now.

• Apps & Updates
• Apps
• Square
• business
• email
• mobile payments

Square Cash now lets you send money over text messages, add notes to payments, more

Square launched its app Cash last fall making the process of sending money from your bank to other people over email, and today the company is introducing the next major version of its app. Square Cash 2.0 introduces a list of new features including the ability to now send a transaction over text messaging in addition to email and attach notes to payments for adding context to a transaction. Below you can see the full list of changes in the new version.

What’s New in Version 2.0

Everything is better in Cash 2.0!

• Send cash to any mobile phone number via text message.
• Faster, optimized sending interface.
• Import your address book for quick contact selection.
• Add a note to your payments.
• Pick a profile picture.
• Choose push notifications, text messages, or email notifications.
• Manage all of your email addresses and phone numbers in one place.
• Quickly approve incoming requests from a push notification or text message.
• Invite friends via text message and get $1 when they join.

Square Cash 2.0 is available for free on the App Store.