THE NEWS WRAP: Facebook adds money transfer feature on Messenger app

Facebook is adding a new feature to its Messenger service that allows its users in the United States to send money to one another.

 

Users need to add a Visa or MasterCard debit card issued by a US bank to their Facebook accounts; they can then create a PIN which provides security for the payments system. They are then able to transfer money between one another directly from the Messenger app on iOS, Android and Desktop.

 

The service will roll out in the US in the coming months. There’s no word if it will become available in Australia.

Nintendo entering mobile games

After years of forgoing mobile gaming, Nintendo has announced an alliance with Japanese mobile gaming firm DeNA, TechCrunch reports.

 

The deal will see the two companies jointly develop games for “smart devices”. In addition, a service will be developed that will let users play games across a variety of devices, including mobile devices, PCs and Nintendo consoles. That service is expected to launch later this year.

Tweet analysis startup raises $130 million

Dataminr Inc, a startup which analyses tweets and information streams, has raised $130 million led by Fidelity Investments, The Wall Street Journal reports.

 

The startup’s software identifies patterns in hundreds of millions of daily tweets, web postings, traffic data, news wires and similar streams of data.

 

The deal values the New York-based startup at about $700 million.

Overnight

The Dow Jones Industrial Average is down 128.34 to 17,849.08. The Australian Dollar is currently trading at US76 cents.

 

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