FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple
Apple launches BNPL offering Apple Pay Later in the US
Apple has launched a pre-release version of its BNPL offering to a select number of customers.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
FinTech Futures: Top five stories of the week – 27 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FCA kickstarts discussion on Big Tech’s impact on competition
The regulator says Big Tech firms have the potential to change market outcomes quickly.
FinTech Futures: Top five stories of the week – 21 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple and Goldman Sachs to launch savings account for Apple Card
The savings account will allow Apple Card users to deposit their “Daily Cash” rewards automatically.
Sibos 2022: Breaking new ground – banking in the metaverse
“If you’re going to be in the metaverse, it starts with a purpose,” Accenture’s Michael Abbott explains.
Apple Pay edges out Mastercard with more than $6tn in ATV
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
FinTech Futures: Top five stories of the week – 29 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple sued over alleged “anti-competitive” Apple Pay practices
The lawsuit alleges Apple “coerces” consumers who use its devices into using Apple Pay for contactless payments.
Apple invests $25m to help underserved communities via fintech platform CNote
CNote has already started moving Apple’s money into the communities through its platform.
FinTech Futures: Top five stories of the week – 6 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
EU Commission blasts anti-competitive Apple for lack of third party NFC access
The EU Commission claims Apple has violated anti-trust rules for the benefit of its own Apple Pay.
Apple reportedly looking to build its own payments and lending infrastructure
Plans reportedly include bringing services such as payment processing and risk assessments for lending in-house.
FinTech Futures: Top five stories of the week – 1 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Tech giant Apple snaps up UK open banking firm Credit Kudos
Credit Kudos leverages machine learning to provide lenders an alternative to traditional credit scores.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Apple Pay contactless exploit allows unauthorised payments from Visa cards
Researchers from UK universities found up to £1,000 can be siphoned from a user’s cards.
Video: fintech news pick of the week – BharatPe, Apple and BigPay
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Apple partners Affirm Holdings to launch Canadian BNPL service
Apple will allow customers to pay in instalments to buy iPads, iPhones, and Macs.
Square plans $29bn acquisition of Aussie BNPL firm Afterpay
The deal will become Australia’s largest ever acquisition.
Apple reportedly in talks with Goldman Sachs to launch BNPL service
Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.
French watchdog says banks risk “marginalisation” by Big Tech payment apps
The paper focuses on Big Tech-associated threats to competition.
Apple acquires payments firm Mobeewave in $100m deal
Apple buys start-up to turn iPhones into payment terminals.
Financial Stability Board warns of bigtech banking risk
Tech firms’ relationship with finance could create instability, says FSB.
DN Intersect 2019: Apple Card to be “most successful bank account launch in history”
“If you don’t go mobile […] then you’re going to look like Nokia,” says Richard Crone.
Juniper: Apple Users Likely to Reject Facial Recognition
A new survey conducted by Juniper Research has found that more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction among consumers, the consultancy says.
Did Apple Just Reinvent Retail Again?
Forget facial scans or a watch that’s not tethered to the phone. If you’re a bank or payments company, you’d best be looking at Apple’s plans for the transformation of retail.
P2P Payments Push Forward
In the P2P showdown, who will be left standing? See how early entrants like Venmo and Square Cash stack up against Zelle and Apple.
Earnings: Q2 Results for The Bancorp, Discover, Mastercard, PayPal
Several major payments companies released second-quarter earnings this week, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.
Apple Deal Puts PayPal One Step Closer to Ubiquity
One small step for consumer choice in e-commerce, one giant leap in PayPal’s quest for ubiquity. The company announced a partnership with Apple to enable shoppers to pay for their purchases in the App Store, iTunes, Apple Music and iBooks using PayPal.
