Companies

SUNRATE Brings Apple Pay to its Commercial Credit Card Customers

PR Newswire

"SUNRATE, a global payment and treasury management platform, brings its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction."

Tags: Apple

Companies

Apple Defeats Consumers’ Crypto-Payment Antitrust Case for Now

Reuters

"A federal judge in San Francisco has dismissed a consumer lawsuit accusing Apple of driving up fees at platforms such as Venmo and Cash App by prohibiting payment apps from implementing cryptocurrency transactions."

Tags: Apple

Companies

Stripe Officially Launches Apple Pay Later Support, Now Enabled by Default for Merchants

9to5Mac

"Stripe has supported Apple Pay Later for most merchants since last March, but the feature is officially rolling out to everyone this week."

Tags: Apple Stripe

Companies Global

Australia’s Top Banker Renews Warning on Apple Payments

Yahoo Finance

"Commonwealth Bank of Australia Chief Executive Officer Matt Comyn renewed his warning on Apple Inc.’s power over the nation’s payments market, reigniting a years-long dispute about competition in a booming area of finance."

Tags: Apple

Companies

Experian Consumer Credit Reports to Now Include Apple Pay Later Loan Information

Business Wire

"In a move towards greater transparency and responsible credit reporting in the buy now, pay later (BNPL) industry, Experian® announced it will now include “pay-in-4” BNPL loan information from Apple Pay Later on consumers’ credit reports, making Apple the first major BNPL provider to fully furnish “pay-in-4” loan information and payment history directly to the credit reporting agency."

Tags: Apple Experian

Companies

Apple Cash Will Offer Virtual Card Numbers for Online Shopping

Engadget

"Apple Cash may soon offer a "virtual card number" in the iOS 17.4 beta that can be used to shop online where Apple Pay isn't available, according to a Reddit post spotted by 9to5Mac."

Tags: Apple

Companies

Charted: Apple’s Product Revenue (2007-2023)

Visual Capitalist

"Since the iPhone’s launch in 2007, Apple’s product launches have continuously diversified the company’s revenue sources. This infographic illustrates Apple’s revenue by product between 2007 and 2023, based on the company’s 10-K filings for the period."

Tags: Apple

Companies

Spotify CEO Slams Apple’s App Store Changes; Apple Fires Back

9to5Mac

"Apple is facing more criticism for its announced its plan about how it plans to comply with the Digital Markets Act in the European Union."

Tags: Apple

Companies

Apple Announces Changes to iOS, Safari, and the App Store in the European Union

Business Wire

"...the changes include: New options for using payment service providers (PSPs); New options for processing payments via link-out; Business planning tools"

Tags: Apple

Companies

Apple Opens Gates to $1.1 Trillion in App Payments — For a Steep Price

Washington Post

"The iPhone maker said it will charge a 27% commission for U.S. app makers to use third-party payment systems, angering developers."

Tags: Apple

Companies

Apple to Allow Outside Payments for Apps After US Decision

Yahoo Finance

"The Supreme Court on Tuesday allowed a court order to take effect that could loosen Apple’s grip on its lucrative iPhone app store, threatening to siphon billions of dollars away from one of the world’s most profitable companies."

Tags: Apple

Companies

Apple Offers to Let Rivals Access Tap-And-Go Tech in EU Antitrust Case, Sources Say

Reuters

"Apple has offered to let rivals access its tap-and-go mobile payments systems used for mobile wallets, three people familiar with the matter said, a move that could settle EU antitrust charges and stave off a possible hefty fine."

Tags: Apple

Companies

Apple Is Trying to Unwind Its Goldman Sachs Credit Card Partnership

CNBC

"Apple has given Goldman Sachs a proposal to end its credit-card and savings account partnership within the next 12 to 15 months."

Tags: Apple Goldman Sachs

Companies

Venmo, Cash App Users Sue Apple over Peer-to-Peer Payment Fees

Reuters

"Apple Inc has been sued by Venmo and Cash App customers in a proposed class action claiming the iPhone maker abused its market power to curb competition for mobile peer-to-peer payments, causing consumers to pay 'rapidly inflating prices.'"

Tags: Apple

Companies

Apple Pay Later is Now Available to all Users in the US

TechCrunch

"Apple is making Apple Pay Later available to all users in the United States, after initially releasing it to a limited number of users back in March. Apple Pay Later allows users to split the cost of an Apple Pay purchase into four equal payments over six weeks without interest or late fees."

Tags: Apple

Companies

Opinion: Why Apple Could be the Big Winner in its Rocky Partnership with Goldman Sachs

MarketWatch

"The financial alliance between Apple and Goldman Sachs Group, launched in 2019 with the intent of tapping into the consumer finance marketplace, has hit a rough patch. The partnership that birthed Apple Card and its high-yield savings account was reportedly deemed a “mistake” by a Goldman Sachs executive, encapsulating the bank’s burgeoning discontent with the venture​."

Tags: Apple Goldman Sachs

Companies

Apple and Goldman Sachs: A Timeline of the Messy Partnership that Might Soon Fall Apart

9to5Mac

"News of Apple’s partnership with Goldman Sachs first emerged in February 2019 from the Wall Street Journal. That’s the same news outlet that is now reporting on Goldman’s effort to back out of the deal and pass it off to American Express."

Tags: Apple Goldman Sachs

Companies

Apple Pay Users Statistics – How Many People Use It?

The Tech Report

"As the popularity of mobile payment solutions increases, Apple Pay surfaces as a key player in the market, distinguishing itself from the rest."

Tags: Apple

Companies

Goldman Sachs Might be Trying to Offload Apple's Credit Card and Savings Accounts

Yahoo News

Goldman Sachs, Apple's banking partner for its credit card and high-yield savings account, is seemingly having doubts about those products. According to The Wall Street Journal, Goldman is looking to get out of the consumer lending business, which could have implications for Apple Card and the associated savings account.

Tags: Apple Goldman Sachs

Companies Global

Australia Unveils Draft Law to Regulate Digital Payment Providers

Reuters

"The Australian government said on Wednesday it planned to introduce laws that would empower the central bank to regulate digital wallet providers including Apple Pay and Alphabet's Google Pay."

Tags: Apple Australia Google

Companies

Apple Wallet App Can Now Show Current Account Balances from UK Banks

9to5Mac

"Apple is soft launching a new iPhone Wallet app integration today that is powered by the United Kingdom’s Open Banking API. The Wallet app will now be able to show the user’s current account balance from their bank, as well as a history of deposits and payments."

Tags: Apple

Companies

Apple is Ordered to Face Apple Pay Antitrust Lawsuit

Reuters

"Apple was ordered to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. U.S. District Judge Jeffrey White said the plaintiffs could try to prove that Apple violated the federal Sherman antitrust law by enforcing a 100% monopoly over the domestic market for tap-and-pay wallets for iPhones, iPads and Apple Watches."

Tags: Apple

Companies

Apple Pay One-Click Returns to MetaMask Via Banxa

GlobeNewswire News Room

With around 507 million users across the globe, Apple Pay is becoming an increasingly popular method to purchase cryptocurrency on self-custody wallets like MetaMask.

Tags: Apple MetaMask

Companies

Apple Card Savings Account Tops $10 Billion in Deposits

9 to 5 Mac

"Apple today announced that its high-interest savings account for Apple Card has topped over $10 billion in deposits. Early indicators suggested that the savings account was a hit, and today Apple has given us firm official numbers to back that up."

Tags: Apple

Companies

Apple Pay Later Off to a Hot Start Despite Staggered Rollout

9to5Mac

"Apple Pay Later has been rolling out since March, but it’s still not available to everyone. Despite the limited availability, a new survey today suggests that Apple is already taking business from other buy-now-pay-later services like Paypal, Afterpay, and more."

Tags: Apple

Companies

Apple introduces Tap to Pay on iPhone in the U.K.

Apple Must

"Apple today announced businesses across the United Kingdom can now accept in-person contactless payments through Tap to Pay on iPhone, which lets vendors take payments using contactless cards and mobile wallets. Initial partners include Revolut and Tyl by NatWest are the first payment platforms to offer Tap to Pay on iPhone to their U.K. business customers, with Adyen, Dojo, myPOS, Stripe, SumUp, Viva Wallet, Worldline, and Zettle by PayPal coming soon."

Tags: Apple

Companies

Goldman in Talks to Offload Apple Credit Card, Savings Products to American Express, Source Says

CNBC

"Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a source told CNBC’s Leslie Picker. Goldman Sachs and Apple declined to comment. CNBC has also reached out to American Express."

Tags: American Express Apple Goldman Sachs

Companies

Apple Restarts Talks for Apple Pay Launch in India

TechCrunch

"Apple has engaged with many Indian authorities and officials in recent weeks and plans to soon hold conversations with NPCI for the launch of its payments service Apple Pay in the South Asian market, according to two people familiar with the matter, eyeing an entrance into a crowded space that is dominated by Walmart’s PhonePe, Google’s GPay and Paytm."

Tags: Apple

Companies

Businesses Will be Able to Accept IDs in Apple Wallet with iOS 17, Among Other Changes

TechCrunch

"Apple announced two significant changes to Apple Wallet among a handful of other updates that didn’t make the keynote address on Monday, which kicked off the start of its Worldwide Developers Conference.

Tags: Apple

Companies

iOS 17 Will Add Support for Recurring Payments to Apple Cash

9to5Mac

"Apple is out with a new press release today detailing more features coming to its various services platforms later this year. For Apple Cash users in particular, Apple says that iOS 17 will add support for recurring payments as well as the ability to automatically add money to Apple Cash balance when it gets low…"

Tags: Apple