Sam says; "Am looking forward to ios11 and peer to peer payments too, though I hope Apple doesn't take a cut of those"
Of course the banks already have the Payment peer-to-peer system, and PayPal has something similar. Both require both sides to be registered for it to work and I don't think that there has been great take up for these in the UK. In any event I wonder how often we need to make an immediate transfer to someone else? Most electronic transfers get credited the same day, unless the recipient banks are similar to, say, Nationwide in which case it can take 1-3 days to clear. I think it was last year that the clearing banks announced faster clearing of electronic transfers so that by end-2017 these should be completed more or less immediately, certainly less than 24 hours. I'm sure that in the US Apple's peer-to-peer payments will make for a big improvement to the US fragmented banking system. I read that in the early days of the iTunes Store, Apple used to store your micro payments for single track purchases until you spent at least $2:50 in order to minimise bank transfer costs. And if you spent, say, only 99 cents in any six month period they didn't collect your payment at all. Of course, I've no means of verifying if I benefited from this but I do remember that sometimes I would get an email invoice, and my account debited, until I'd bought several tracks over a reasonably long period. Always puzzled me about this so maybe Apple were being altruistic about minimising bank charges. Regards, Tony Sent from my iPad -- You received this message because you are subscribed to the Google Groups "Sussex Mac User Group" group. To unsubscribe from this group and stop receiving emails from it, send an email to smug+unsubscr...@googlegroups.com. To post to this group, send an email to email@example.com. Visit this group at https://groups.google.com/group/smug. For more options, visit https://groups.google.com/d/optout.