Tech

Apple plans to build its own financial infrastructure for payments and lending

Enlarge / The featureless, very Apple-like physical Apple Card. (credit: Apple) Apple plans to build its own in-house technology and infrastructure for financial services, according to a new Bloomberg report citing people with knowledge of the matter. The initiative is internally codenamed “Breakout” as an allusion to the idea of users breaking free from the […]

Tech

Apple plans to build its own financial infrastructure for payments and lending

Enlarge / The featureless, very Apple-like physical Apple Card. (credit: Apple) Apple plans to build its own in-house technology and infrastructure for financial services, according to a new Bloomberg report citing people with knowledge of the matter. The initiative is internally codenamed “Breakout” as an allusion to the idea of users breaking free from the […]

Tech

Soon, iPhones will process contactless payments without extra hardware

Enlarge / The iPhone XS, the oldest iPhone that will support Tap to Pay on iPhone. (credit: Samuel Axon) Today, Apple announced a limited new feature coming to iOS. With “Tap to Pay on iPhone,” merchants and vendors will be able to accept contactless payments from customers at point-of-sale using just an app on the […]

Tech

With Apple Pay Later, Apple may take another stab at the PayPal model

Enlarge / Apple Pay on an iPhone and Apple Watch. (credit: Apple) Apple will continue to expand beyond traditional technology projects with a new feature the company is internally calling “Apple Pay Later,” according to a new report in Bloomberg. With Apple Pay Later, users making either retail or online purchases with Apple Pay will […]

Business

Apple Pay Constraints spark Dutch Madness probe

Our assignment to generate business better would be fueled by viewers just like you. The Dutch government ruler has started an investigation to contactless payments on smart phones, asserting that some systems may curtail innovation in the payments marketplace. There’therefore no termed goal for its probe, according to the watchdog’s normal processes, but the launch […]