Apple adds BNPL offerings from rivals
Payments Dive
JUNE 13, 2024
The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.
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Payments Dive
JUNE 13, 2024
The tech giant will allow installment plans from Affirm, as well from certain debit and credit cards, onto Apple Pay alongside its own BNPL service.
Payments Dive
MARCH 26, 2019
Finanical and techology experts are weighing in on the impact of Apple's highly anticipated entry into the credit card space.
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Payments Dive
DECEMBER 6, 2023
The card issuer’s premium designation isn’t compatible with all potential card issuing partners, Amex CEO Steve Squeri said Tuesday.
PYMNTS
JULY 15, 2020
Apple Card — the iPhone-based credit product launched last summer by Goldman Sachs , Apple and Mastercard — is expected to be a hot topic on Goldman’s earnings call Wednesday (July 15). To use Apple Pay, customers tap the card icon in the Afterpay app, which then activates the Afterpay card in the Apple wallet.
PYMNTS
JULY 2, 2020
With a new website Apple has launched, Apple Card holders will be able to check balances and do business online, the company said, according to MacRumors. The site, card.apple.com , allows users to sign in and see their balance, their next payment due date and the total limit of their card.
Bank Innovation
APRIL 3, 2019
Mastercard’s tokenization technology made the digital-first Apple Card possible, but purely from a technological standpoint, Jorn Lambert, EVP, Digital Solutions at Mastercard, told Bank Innovation. It was the evolution of consumers' and merchants' preferences in how they make and receive payments that made the card a reality.
PYMNTS
MARCH 25, 2019
And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card.
PYMNTS
JUNE 29, 2020
Apple is launching a “Path to Apple Card” program intended to help declined Apple Card applicants improve their credit worthiness, according to reports. The program will start popping up as an optional method for those who want to get an Apple Card but didn’t have the required credit score.
PYMNTS
AUGUST 3, 2020
Apple has purchased Canadian company Mobeewave , which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The deal went down for $100 million, according to sources quoted by Bloomberg.
PYMNTS
JUNE 20, 2019
Apple has expanded the test phase of its credit card with Goldman Sachs to its retail employees, according to a report by Bloomberg. The group using the card, despite the size of the workforce, will be a controlled one, and the workers were asked to not talk about the card, even though they’re allowed to use it publicly.
Bank Innovation
JANUARY 29, 2020
based card consolidation startup Curve this week launched with Apple Pay, allowing customers to connect their Curve cards to their Apple iPhones, watches, iPads and other devices. Curve offers a physical and digital card that consolidates multiple bank accounts and cards into one payment vehicle, supported by Mastercard.
PYMNTS
AUGUST 20, 2019
The Apple Card, a credit card created in partnership by the technology company, was officially released in the U.S. The company said the credit card is meant to help customers have a “healthier financial life,” and that interested customers can sign up for the card through the Wallet app on an iPhone. .
Payments Dive
AUGUST 22, 2019
The official launch of Apple Card has generated major buzz across the payments and banking industry, however a split has emerged about whether the technology company will truly break new ground on a digital payment product that grows the business with consumer friendly financial services.
Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
Chris Skinner
MARCH 26, 2019
I was about to write a really nice piece about Apple’s announcement of the launch of a new credit card, in partnership with Goldman Sachs, when Brian Roemmele beat me to it. Brian is … The post Everything you need to know about Apple’s new credit card (and a bit more) appeared first on Chris Skinner's blog.
Bank Innovation
AUGUST 9, 2017
Fall is around the corner and prepaid card issuer Green Dot, which is the regulated bank partner for Apple Pay, has updates on Apple’s P2P money transfer service that will launch in the coming months.
Payments Dive
OCTOBER 23, 2024
The bank and tech firms failed to address disputed transactions in their joint Apple Card program, and misled cardholders about interest-bearing products, the bureau alleged.
PYMNTS
JUNE 16, 2020
Apple will now be allowing 0 percent interest on financing options for several of its products, including the Mac lineup, iPad, AirPods Pro, AirPods, Apple Pencil and others, when paid for via the Apple Card. The move comes after Apple offered 0 percent interest financing on the iPhone last December.
PYMNTS
JULY 26, 2019
Despite some hiccups along the way with Goldman Sachs, the Apple credit card is on track for an August release, according to a report by Bloomberg. The Apple Card could be launched as early as the second half of August, which would meet its originally scheduled date for release when the card was announced in March.
PYMNTS
OCTOBER 4, 2019
With the recent launch of the Apple Card , Apple has sent a signal that they seek to offer a better user experience than banks. In fact, their slogan for the card is “Created by Apple, Not a Bank?.” And the card is no longer just a payment instrument; it’s more than the card itself.”.
PYMNTS
AUGUST 11, 2020
Apple has added a new one-click payment option to its online store for users of the Apple Card , according to a 9to5Mac report. Those using the card can now check out by just clicking the option for the Apple Card when buying something through the Apple online store.
PYMNTS
AUGUST 7, 2019
In a wide-ranging televised interview, Visa CEO Al Kelly discussed Apple ’s new co-branded credit card, Big Tech ’s move into financial services, and Visa’s interest in the Libra Association , per reports from CNBC. The Apple Card is in partnership with Goldman Sachs, and applications for the card are now available to select customers.
PYMNTS
APRIL 23, 2019
In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. The digital card will be linked to Apple Pay. Apple Card is set to be available starting this summer. The duality of physical and digital cards seems to have sparked at least some mulling from other firms.
PYMNTS
AUGUST 20, 2019
The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In late March, Apple and Goldman Sachs announced the Apple Card , which users sign up for through Apple Pay. 20) to all U.S. 20) to all U.S.
Payments Dive
MARCH 26, 2024
The tech giant’s fees for credit card transactions “cut into funding for features and benefits that banks might otherwise offer smartphone users,” the Department of Justice said in suing the company earlier this month.
Payments Dive
OCTOBER 17, 2022
The move is the logical next step for the Apple-Goldman partnership, according to one consultant, who said the day-to-day banking product complements Apple’s Goldman-powered credit card offering.
Bank Innovation
AUGUST 9, 2019
In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments: With the much-awaited launch of Apple Card, the tech giant has taken a page […].
PYMNTS
NOVEMBER 25, 2019
Nike is offering 3 percent cash back to Apple Card users when a Nike product is purchased using Apple Pay , TechCrunch reported Monday (Nov. The deal applies to all Nike products when purchases are made using the Apple Card through the Nike website, retail stores, Nike Training Club and more. customers in August.
PYMNTS
SEPTEMBER 17, 2020
The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg. Documents obtained by Bloomberg mention NFC, which is used to handle wireless signals that let users make payments on their devices at store terminals instead of on cards.
PYMNTS
SEPTEMBER 8, 2020
Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code. Since its launch, Apple Pay transactions at brick-and-mortar retailers relied on NFC and an iPhone near the payment terminal to make a contactless purchase. AppleInsider reported the U.S.
Bank Innovation
NOVEMBER 11, 2019
s credit card practices after a viral tweet from a tech entrepreneur alleged gender discrimination in the new Apple Card’s algorithms when determining credit limits. A series of posts from David Heinemeier Hansson starting Thursday railed against the Apple Card for giving him 20 times […].
PYMNTS
MARCH 26, 2019
The world knows by now that Apple has debuted its credit card — the Apple Card — in conjunction with Goldman Sachs and Mastercard. The card is available in both virtual and tangible, plastic forms. The broad outline is one where the digital version of the card can be used wherever Apple Pay is accepted.
PYMNTS
NOVEMBER 10, 2020
Apple , in what a company press release calls a "momentous" day on Tuesday (Nov. 10), has rolled out the "next generation" of Macs, including a new MacBook Air, a 13-inch MacBook Pro and a Mac Mini powered by the M1 chip specifically designed by Apple for the Mac. billion in sales, up from $12.5 billion year over year, PYMNTS reports.
PYMNTS
OCTOBER 23, 2020
Apple Card users are complaining that a glitch is preventing them from using the payment method on Amazon — and the option vanished as a choice without warning or reason, according to media reports on Friday (Oct. A source told AppleInsider that “the problem is not on Apple's or Goldman Sachs' end.”. Just checked as well.
Payments Source
SEPTEMBER 23, 2020
Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors.
PYMNTS
APRIL 17, 2020
To reportedly help it compete with Apple Pay and the Apple Card, Google is creating its own tangible and virtual debit cards. The tech company’s debit card will have the brand of Google along with its partnered financial institution; however, it is not known what the offering’s name will be.
PYMNTS
SEPTEMBER 22, 2020
Users of Apple Music, TV+ streaming service and the App Store experienced problems accessing the services Tuesday (Sept. Apple did not immediately respond to a request for comment. At press time, all Apple’s services have been restored, 9to5 reported. At press time, all Apple’s services have been restored, 9to5 reported.
Bank Innovation
NOVEMBER 3, 2017
EXCLUSIVE– Apple reported earnings yesterday, and tucked in among all the dollar signs and iPhone Xs was some Apple Pay news – usage is going up. From how many users to how many more users, you ask? Juniper Research estimates the service may hit 86 million users this year. In any case, an […].
Bank Innovation
AUGUST 30, 2017
PayPal launches its first cash-back credit card called PayPal Cashback MasterCard in the U.S. The card will be issued by Stamford-based Synchrony Bank, which has partnered with PayPal since 2004. The card offers 2% cash back on all purchases, with […].
PYMNTS
SEPTEMBER 30, 2020
Long before the pandemic, consumers were trending toward digital in their financial services relationships — experimenting with mobile wallets, digital cards, self-service mobile banking and digital gifting. Firms must position themselves to take that valuable top-of-wallet card location with consumers.
Chris Skinner
MARCH 31, 2019
We all got hugely excited about Apple launching a credit card with Goldman Sachs and Mastercard last week. Whoopy-doo! This was a major lift for Mastercard in particular.
PYMNTS
JANUARY 27, 2021
It was supposed to be a record-breaking fiscal year first quarter for Apple and the company did not disappoint. Apple saw double-digit growth in every product category for its fiscal 2021 first quarter ended Dec. Though Apple’s newest iPhone 12 was only available for part of the quarter, Apple still saw $65.60
Bank Innovation
NOVEMBER 12, 2019
pitches its new card as a model of simplicity and transparency, upending everything consumers think about credit cards. But for the card’s overseers at Goldman Sachs Group Inc., it’s creating the same headaches that have bedeviled an industry the companies had hoped to disrupt.
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