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Why (Win Or Lose) Apple Card May Already Be Changing Payments

PYMNTS

In technology, especially when it comes to consumer-focused technology, Apple is viewed as a disruptive force. One might argue that the shifts have been better or for worse (when was the last time one could separate a millennial from their iPhone for a decent conversation?), The digital card will be linked to Apple Pay.

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Apple Says Generative AI Isn’t Good at Math: What It Means to Banks and Credit Unions

Gonzobanker

Six in 10 Gen Zers and millennials, half of Gen Xers, and a third of baby boomers said they’ve received recommendations for at least one of eight financial products. Credit cards and checking accounts—cited by 26% and 23% of respondents, respectively—were the products most frequently asked about. from millennials and 3.9

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Enthusiasm for Apple Savings Account High Among Millennials and Gen Z

The Financial Brand

This article Enthusiasm for Apple Savings Account High Among Millennials and Gen Z appeared first on The Financial Brand. Seven in 10 Apple Card holders and many who don’t yet have the card say they plan to open its high-yield savings account.

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Apple Pay, X-Border Invoices, Quick Accept Top This Week’s News

PYMNTS

It was a busy week for commerce and payments, as Apple Pay turned six and J.P. We have deep dives on Apple Pay, cross-border invoices and J.P. Small and medium-sized businesses (SMBs) can accept payments via a mobile program or touch-free card reader with QuickAccept and get the funds immediately. Morgan Chase’s QuickAccept.

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Is It Time For Apple To Allow Others Access To The iPhone NFC Chip?

PYMNTS

Just as many boomers have made the digital shift as millennials, and as many of those living in big cities and towns have made the shift as those living in less populated areas. Those conversations have largely ignored the Biggest Tech company of all, Apple, and Apple Pay. Apple Pay’s Digital-First Disconnect.

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Gift Cards Poised For Big Role In Post-Pandemic Purchasing

PYMNTS

Mao, whose company provides solutions for payments, prepaid cards and gift cards, said the only way for merchants to go is forward, because going back isn’t an option. Digital Gift Cards ’ Growth. For instance, people are simply directing more spend at gift cards this holiday season. Not All ‘Gift’ Cards Are Gifts .

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Millennials Prefer Venmo to Cash, Duh

Bank Innovation

A new report shows that millennials use Venmo more than they use ATMs as if there was any doubt that to this audience an app like Venmo is a prime method of payment. Rubiix, a social spending app that distributes advertising revenue among its users, released a report Friday showing ATM transactions among millennials have […].