Apple continues to build on its fintech presence, announcing a new Apple Card savings account offering users an attractive 4.15 annual percentage yield. The tech juggernaut is partnering with Goldman Sachs. Clients can create an account from the Wallet app on their iPhone devices, but users must have an Apple Card to open the savings…
Apple Partners with Goldman Sachs to Offer Users High-Interest Savings Accounts
Apple to Offer ‘Buy Now, Pay Later’ Service
Apple Inc. is planning to offer buy now, pay later (BNPL) services in the United States despite concerns of a potential market squeeze as more providers have a crack at the sector amid growing consumer borrowing and spending. Apple intends to launch its BNPL offering later in 2022 through its Apple Pay mobile payment and digital wallet service….
Apple Accused of Breaking EU Competition Laws Over Digital Wallets
May 2, 2022
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European Union regulators have accused Apple of breaking the law by stifling competition in markets for mobile wallets, a move that could lead to billions of dollars in fines. The European Commission (EC) said in a May 2 statement that it had sent a charge sheet known as a statement of objections to Apple, alleging…
Apple Closes Russian Mir Card Loophole for Apple Pay, Says Sberbank
U.S. tech giant Apple has suspended its Apple Pay service for Russia’s Mir card payment system, Russia’s largest lender and payments system said on Friday, closing a loophole that had allowed Russians to keep using the service. Apple Inc restricted the use of Apple Pay, which began operating in Russia in 2016, on March 1…
Apple Introducing ‘Tap to Pay’ Feature on iPhones
Apple is to introduce its “Tap to Pay” feature that enables merchants across the United States to use iPhones to accept Apple Pay, debit cards, credit cards, and other digital wallets by tapping their phones. No additional payment terminal or other hardware is necessary, according to the company. The service will be compatible with contactless…
USPS Begins Accepting Apple Pay for Online Payments
The U.S. Postal Service has begun to accept Apple Inc. Apple Pay on its website for certain services. What Happened The same is not yet possible over-the-counter. In the frequently-asked-questions section of its website, USPS lists Apple Pay as an accepted form of payment for The Postal Store, P.O. Box Online, Every Door Direct Mail, Click-N-Ship,…
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