Apple Cash users face identity checks and potential external funding changes
Apple has notified Apple Cash users of two upcoming modifications to its service terms. The first change requires users to complete identity verification, a process that may involve additional steps to confirm their status. The second potential update, which lacks a specific implementation date, would allow Green Dot Bank to enable 'Externally-Initiated Funding Transactions.' This feature would permit users to transfer funds directly from external banks or merchants into their Apple Cash Card, subject to certain limits. Apple also highlighted revisions to the arbitration section of Green Dot’s terms, urging users to review these changes as they affect dispute resolution rights. No other significant updates were detailed in the notification.
