Companies

Apple Says Support for Redeeming Rewards With More Partners Is Coming to Apple Pay

TechCrunch

"Apple recently celebrated 10 years with Apple Pay and announced how the service will evolve in the future, including features like redeeming rewards and expanding installment loan options. In addition to Apple Pay’s newly added support for loan options from Affirm in the U.S., and Monzo Flex in the U.K., the iPhone maker shared that support for Klarna will go live in the two countries, including both at checkout online and in-app with Apple Pay."

Tags: Apple

Companies

Apple Celebrates 10 Years of Apple Pay

Apple Newsroom

"Today, Apple Pay is used by hundreds of millions of consumers in 78 markets, at checkout on millions of websites and apps, in tens of millions of stores worldwide, and is supported by more than 11,000 bank and network partners."

Tags: Apple

Companies

Apple Pressures Tencent to Block Loopholes That Allow WeChat to Bypass App Store Fees

9to5Mac

"Apple is pushing Tencent and ByteDance to “close loopholes” that currently allow their apps to skirt the App Store’s in-app purchase system, according to a new report from Bloomberg."

Tags: Apple

Companies

Apple Is Finally Going to Open up iPhone Tap-To-Pay

The Verge

"Secure Element starting with iOS 18.1, and as part of the update, you’ll also be able to set a default contactless payment app that’s accessible when you double-click your iPhone’s side button. Previously, Apple has only allowed Apple Pay to appear when you double-click that button."

Tags: Apple

Companies

Tencent Says in Talks With Apple About Mini Games Mobile Revenue

Yahoo Finance

"Tencent Holdings Ltd. acknowledged for the first time it’s in discussions with Apple Inc. about sharing the revenue that flows through its popular WeChat mini games, a potentially significant move for China’s mobile developer ecosystem."

Tags: Apple Tencent

Companies

Apple Is Fighting Tencent and Bytedance Over In-App Payments in China

Engadget

"Apple has been pressuring ByteDance and Tencent to close loopholes in China that funnel customers to external payment systems for making in-app purchases, according to a report by Bloomberg."

Tags: Apple Tencent

Companies

Apple Reaches Deal With EU Regulators to Open up Mobile Payments System to Rivals

CNBC

"EU antitrust regulators on Thursday accepted commitments from Apple to allow access to its tap-and-go payments technology to rivals, bringing an end to a four-year investigation."

Tags: Apple

Companies

Apple to Delay AI Rollout in Europe

bankinfosecurity

"Apple said in a Friday statement it will delay the rollout of artificial intelligence-powered features on smartphones in Europe, citing European law meant to rein in the power of large tech companies."

Tags: Apple

Companies

Apple Discontinuing Apple Pay Later, Ahead of New Features Launching This Fall

9to5Mac

"Apple has announced that it is no longer offering Apple Pay Later, the “buy now, pay later” service that launched in the United States last year. The change goes into effect starting today, Apple says. Existing users with open Apple Pay Later loans will still be able to manage them via the Wallet app."

Tags: Apple

Companies

Affirm Buy Now, Pay Later Loans Will Be Embedded Into Apple Pay Later This Year

CNBC

"Apple device users will soon be able to tap into buy now, pay later loans from Affirm for purchases, the companies said Tuesday. Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year, the San Francisco-based fintech company said in a filing. Apple confirmed the news in its own update."

Tags: Affirm Apple

Companies

Santander’s Zinia Becomes Provider of Consumer Finance Services for Apple in Germany

Santander

"Grupo Santander's financing platform becomes the financier for Apple in Germany, both in Apple stores and online. Zinia has been present in Germany since 2022 and offers a range of financing solutions (buy now pay later and installments, among others)."

Tags: Apple

Companies

IOS 18 Includes Tap to Cash, Easily Send Money to Friends With Apple Pay

9to5Mac

"iOS 18 includes Tap to Cash, a new way to send money to your friends using Apple Pay Cash. By simply bringing your phone close to a friend, you can send money instantly – transferring from your Apple Cash account."

Tags: Apple

Companies

Tap to Pay on iPhone Now Available in Canada

9to5Mac

"Tap to Pay on iPhone is continuing its rollout to more countries. Less than a week after the service debuted in Japan, Apple is bringing seamless, iPhone-centric contactless payments to Canada."

Tags: Apple

Companies

Apple, Google and Venmo Fight New U.S. Plan to Monitor Payment Apps

Washington Post

"The U.S. government is weighing whether to treat Apple, Google and PayPal-owned Venmo more like banks — and regularly inspect some of their operations — in a move meant to protect millions of Americans who now use their smartphones to pay at the register and send money to family and friends."

Tags: Apple Google Venmo

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