Technologies
Samsung’s Tap to Transfer Feature Makes Paying Your Friends Less of a Pain
Quickly send money to a debit card stored in someone’s digital wallet — or to their physical card.
Samsung on Tuesday said it’s adding a tap-to-pay feature to Galaxy phones that should make paying back your friends and family a little easier. Called Tap to Transfer, the new capability lets you send money that arrives within minutes, according to the company. The feature will be available later this month in Samsung Wallet.Â
Through a partnership with Visa and Mastercard, Samsung smartphone owners can now use a debit card stored in their Samsung Wallet to send money to someone’s bank account via NFC technology, even if the recipient uses a digital wallet on a non-Samsung device. They can either connect to a recipient’s debit card stored in their digital wallet, or transfer money to a physical debit card, as long as it has tap-to-pay capabilities.Â
People can also send money to another Samsung Wallet even if the recipient isn’t nearby; they’ll just need to find their Samsung account by searching their phone number.Â
“Many users want the flexibility to accomplish their most frequent and important tasks on their mobile device,” Drew Blackard, Samsung Electronics America’s senior vice president of mobile product management, said in a statement. “Samsung Wallet will help make payments to friends and family quick and convenient.”
Samsung Wallet launched in 2022 as a way to digitally store everything from credit cards to IDs to boarding passes. It offers similar functionality to other digital wallets like Apple Wallet and Google Wallet. These platforms can speed up in-store payments by allowing you to simply tap your phone at checkout, while also storing everything from gym memberships to loyalty cards and gift cards. Analysts predict the value of tap-to-pay transactions from digital wallets will rise more than 150% by 2028, according to the Consumer Financial Protection Bureau.
For more, check out our roundup of the best digital wallets and payment apps. And following the shutdown of the standalone Zelle app, you can also check out our list of other ways to send money digitally.Â
Technologies
Passengers and crew foil co-pilot’s apparent attempt to crash FlyDubai flight to Israel
One of the pilots on a FlyDubai flight headed for Israel stabbed the second pilot, according to Israeli Prime Minister Benjamin Netanyahu.
On-duty flight crew and passengers managed to foil a pilot’s apparent attempt to crash a FlyDubai flight, after reports emerged of a fight in the cockpit.
The incident on flight FZ1073 from Dubai to Tel Aviv happened when a co-pilot stabbed a pilot, according to Israeli Prime Minister Benjamin Netanyahu, who praised the victim’s quick thinking.
“Despite being stabbed and seriously injured, he fought back, resisted, opened the cockpit door, and enabled passengers and crew to overpower the attacker — preventing a catastrophic mid-air disaster. He saved the lives of 174 people, including Israeli citizens and other nationals,” Netanyahu wrote in a post on X.
FZ1073 was diverted to the Tabuk airport in Saudi Arabia, the airline said, after being successfully secured and diverted by flight crew.
FlyDubai in a statement said that an “altercation” occurred on the flight deck of the plane, but did not mention a stabbing.
However, the airline added that the underlying reasons and motives for the clash is currently unknown, urging all parties to refrain from speculation.
The injured pilot was identified by Netanyahu as Indian national Smit Machchhar. No details have been released on the identity of the attacker, except that he was being interrogated by Saudi authorities.
The Indian embassy in Riyadh said on X that Machchhar is in a hospital in Tabuk, and is reported to be in stable condition.
The Israeli Prime Minister also identified the passenger who broke into the cockpit as Yaniv Hayun, calling him a “hero” and adding he deserved “a global medal of honor.”
Flight data from tracking site FlightRadar24 showed that the plane had experienced extreme altitude fluctuations before broadcasting a “general emergency” squawk code.
FZ1073 had dropped from over 14,000 feet in just 29 seconds, and FlightRadar24 also added that vertical speeds ranging from approximately -30,000 to +10,000 feet per minute were observed from the transponder data.
For context, vertical speeds during normal operations rarely exceed plus or minus 4,000 feet per minute, it added.
Technologies
UK Prime Minister Burnham says Iran ‘played a part’ in British air base incident
RAF Fairford has been used as the U.S. Air Force’s command outpost for operations from Europe and for American strikes on Iranian missile sites.
United Kingdom Prime Minister Andy Burnham said Iran was involved in the incident at the Royal Air Force base in Fairford on Sunday that led to the arrest of five men on suspicion of explosive and terrorism offences.
Speaking to the BBC Wednesday, Burnham said that “There are strong indications that Iran played a part in what happened over the weekend at RAF Fairford,” without providing additional details. In response, Iranian Foreign Minister Abbas Araghchi said on X that Burnham was “barking up the wrong tree.”
RAF Fairford, located in Gloucestershire, has been used as the U.S. Air Force’s command outpost for operations from Europe and for American strikes on Iranian missile sites.
London had initially denied the U.S. permission to use UK bases for its war on Iran, but former Prime Minister Keir Starmer had allowed it for “defensive strikes.”
Burnham’s BBC interview comes as U.S. Secretary of State Marco Rubio told Fox News on Monday that the incident at RAF Fairford “clearly involves the hands of a foreign actor,” without giving any details or evidence.
The Iranian Embassy in London on Monday “categorically” rejected speculation linking the country to the alleged plot.
All the five arrested suspects are UK nationals aged between 23 and 25, and one reportedly called the police himself. They have been released on bail.
Iran UNGA delegation leaves U.S.
Separately, a U.S. official told MS NOW that Rubio “kicked out” the Iranian delegation as the United Nations General Assembly was over, saying that they had “overstayed their welcome.”
The officials, including Aragachi, left on Monday morning U.S. time. “UNGA was over, so it was time for them to go,” the official added.
Indirect negotiations between Washington and Tehran over Iran’s nuclear program and the Strait of Hormuz failed to bear any fruit over the course of the U.N. General Assembly.
Tehran had proposed a seven-day deal at the UNGA, under which the Strait of Hormuz would be opened and nuclear talks resumed with the U.S. if Washington returned to the terms of the Islamabad deal framework.
The Islamabad memorandum of understanding in June led to a ceasefire agreement between the U.S. and Iran that collapsed in early July. The Trump administration is unwilling to return to the terms of the June agreement, according to a report by the Wall Street Journal.
President Donald Trump on Sunday called the latest Iranian proposal “unacceptable,” telling reporters that Tehran wants a swift deal because of the economic pressure it is under.
— CNBC’s Anniek Bao contributed to this report.
Technologies
Oil prices rise as Chinese refiners reportedly ban October fuel exports; Brent crude above $100
It comes after a report that Chinese refiners suspended October fuel exports to protect domestic supplies.
Oil prices rose on Thursday, following a report that Chinese refiners have suspended October fuel exports, further squeezing war-constrained energy markets.
Brent crude, the international benchmark, was last seen trading about 3.7% higher at $101.64 per barrel, while U.S. West Texas Intermediate futures rose 2.3% to $92.49.
Reuters reported that China’s state oil major PetroChina canceled a handful of gasoline and jet fuel shipments that were planned for October, citing multiple unnamed sources, as Beijing looks to safeguard domestic supplies. CNBC could not independently verify the report.
Global energy markets have been grappling with supply disruptions from the U.S.-Iran war in the Middle East and Russia’s full-scale invasion of Ukraine.
Oil prices had moved higher earlier in the session as investors parsed a recovery in Middle East crude exports.
UOB in a note Thursday said that crude flows from Middle East were reportedly nearing pre-war levels, but fuel supplies, particularly gasoline, were lagging behind.
Worries over crude supply disruptions have eased following the resumption of oil tanker loadings by Saudi Arabia from its Red Sea port of Yanbu after the kingdom restarted operations on its East-West Pipeline.
“The pipeline has done much of the heavy lifting when it came to moving crude out of the Gulf,” given that Iran has blocked the Strait of Hormuz, said David Morrison, senior market analyst at Trade Nation on Wednesday.
“Analysts say that the pipeline is nowhere near running at full capacity. But the fact that it is open provides some relief and has helped oil prices retreat,” Morrison added.
Traders continue to keep a close eye on developments in the Middle East amid concerns that a lasting resolution to the Iran conflict may be delayed, with U.S. Secretary of State Marco Rubio ordering the Iranian delegation visiting America to leave as the UN General Assembly was over, according to MS Now.
U.S. and Iranian officials had reportedly held separate indirect talks with mediators on Monday, while in New York for the UNGA.
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