Today American Express introduced its new digital payment system called Serve. Serve works similar to PayPal in that it allows users to create an account that can be used for sending or receiving money. Users can access their accounts from American Express’ Serve iOS and Android applications, via the Web, or through Facebook. Serve has two fees, including 2.9% plus $0.30 per load deposited, although this is discounted to 0$ for cash, debit, and ACH. Similarly, there’s a $2 fee on ATM cash withdrawals, although the first withdrawal each month is free. The good news is, American Express is waiving the deposit fee for the next six months. Serve lets users create a master account and you can create sub-accounts for friends or family members. American Express also provides a debit card with each Serve account that can be be used at any ATM or merchant that accepts American Express. “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,” said Dan Schulman, Group President, Enterprise Growth at American Express. Hit the jump for the full release. More →
Remember last year just before the initial iPhone launch? EDGE dropped off for a while and then came back with a vengeance. Prior to the iPhone waterfall that clogged up all of AT&T’s shiny new pipes, we were seeing data speeds of up to 200 – 250 kbps on AT&T’s EDGE network in the New York area. Then the iPhone dropped. Here we are again, getting close to the inevitable iPhone 2 release and oddly enough, AT&T’s 3G services started getting spotty yesterday afternoon in the New York area. Outages sometimes lasted several hours at a time. This morning however, 3G seems to be live again in and to the west of New York City. What’s more, it looks like HSDPA speeds have received a nice little boost since coming back up. For the past few months we’ve been seeing average download speeds between 500 – 800 kbps with a spike here and there. This morning’s tests however, are yielding between 1400 – 1500 kbps. Nice. We’re now hearing that AT&T 3G is still down to the north of the city so one can only assume we’re in the midst of some rolling upgrades. Enjoy it while it lasts people; the iPhone 2 will be out soon enough and AT&T’s networks will be hammered just like last year.