Levchin downplays Apple threat
Payments Dive
MAY 25, 2023
Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.
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Payments Dive
MAY 25, 2023
Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.
Payments Dive
JUNE 7, 2022
Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.
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Payments Dive
JULY 25, 2023
Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.
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.
PYMNTS
DECEMBER 21, 2020
Apple is advancing its self-driving car project, according to a Reuters report, and will look at debuting a new product by 2024 that could also come with new battery technology. Project Titan, the Apple automotive effort, has been working on a self-driving vehicle sporadically since 2014, working from scratch.
PYMNTS
AUGUST 3, 2020
Apple has purchased Canadian company Mobeewave , which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. The acquisition follows Apple’s pattern of buying startups to assimilate new technology into its own products. The deal went down for $100 million, according to sources quoted by Bloomberg.
Perficient
MARCH 11, 2021
At Apple’s 2020 Worldwide Developer’s Conference, Apple debuted “Sign in with Apple”, a new feature that allows users to sign in to apps and websites that use this feature, using an Apple ID. The Sign in with Apple feature is expected to see similar adoption rates. How Does It work? Why Use It?
Payments Dive
NOVEMBER 4, 2022
The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.
PYMNTS
DECEMBER 29, 2020
Apple has lost its copyright claim against a Florida company, Corellium , that makes "virtual iPhones" used by security researchers to test for vulnerabilities in its systems, Bloomberg reported. Apple said the other company copied its operating system and graphical user interface, along with other aspects of the iPhone, Bloomberg reported.
Payments Dive
SEPTEMBER 8, 2023
“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.
PYMNTS
DECEMBER 18, 2020
Top Apple executive Craig Federighi, who oversees the iOS and macOS operating systems, has been ordered by a federal judge to testify in the lawsuit Epic Games brought against the Cupertino, California-based company, Apple Insider reported. In granting Epic's request to depose Federighi, U.S. District Judge Thomas S.
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.
PYMNTS
AUGUST 19, 2020
In an interview with Karen Webster, Brian Bogosian , CEO at sticky.io , an integrated eCommerce subscription management and recurring billing platform, said that Apple’s continued push into subscriptions is only one example of the allure of subscription eCommerce, and where it is headed. Looking Ahead .
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 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
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
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.
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 company, which has tens of thousands of retail workers, launched an internal beta program for the Apple Card, and it is the first major trial for the upcoming product, set to launch publicly in the summer.
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. The EU earlier this summer said its antitrust probe would look into both the App Store and Apple Pay.
PYMNTS
OCTOBER 4, 2020
Apple has updated its website to show that Greg Joswiak has taken over for Phil Schiller as the company's new senior vice president of Worldwide Marketing, according to a Friday (Oct. Schiller transitioned to an Apple Fellow in August, according to a press release at the time. 2) report from MacRumors.
PYMNTS
MARCH 17, 2020
The latest rumors about Apple buying Walt Disney Co. Of course, Jobs was also co-founder of a little computer startup you might have heard of called Apple, and at the time was in his second tour of duty as its CEO. aren’t new – they go back to Disney ’s 2006 acquisition of Pixar.
Bank Innovation
MARCH 25, 2019
Apple today unveiled its plans to launch a virtual credit card product with Goldman Sachs and Mastercard this summer called Apple Card, which will reside within the Wallet app on Apple devices.
PYMNTS
MARCH 13, 2020
After it was forced to shutter its retail locations in China because of the spread of COVID-19, Apple Inc. Apple has been slowly reopening the locations, with 38 of the 42 shops open for business as of last week. Apple also had to shutter all of its Italy locations amid coronavirus fears.
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
PYMNTS
DECEMBER 28, 2020
Tesla is said to be supplementing its in-car music services beyond Spotify , adding Jay Z’s Tidal , Apple Music , Amazon Music and Amazon’s Audible to its native interface, Electrek reported Monday (Dec. 26), also showed that Amazon Music, Amazon’s Audible and Apple Music could be on the horizon.
PYMNTS
OCTOBER 11, 2020
9) denied a request by Epic Games to make Apple reinstate Epic's Fortnite game on its App Store before a lawsuit Epic brought against Apple is resolved at trial, according to The Wall Street Journal (WSJ). Epic sued Apple in August, accusing the technology giant of violating laws that restrict anti-competitive behavior.
PYMNTS
JANUARY 23, 2020
With new fitness collaborations that make it simpler for Apple Watch owners to accrue rewards, purchase items and monitor workouts, Apple unveiled its “Apple Watch Connected” gym effort. It comes at no cost for fitness facilities to be a part of the program, as long as they satisfy certain conditions of Apple.
PYMNTS
JULY 30, 2020
Consumers might have cut back on spending during the pandemic, but that apparently didn’t apply to Apple products as the tech giant reported quarterly results Thursday (July 30) that exceeded analyst estimates across the board. billion in revenue for Apple’s fiscal third quarter, which ended June 27. In addition, Apple reported $193.82
PYMNTS
JUNE 7, 2020
Buyers of Apple products will soon have the ability to pay for those products, including iPads, Macs and AirPods, in monthly installments using the Apple Card. Apple’s idea is to help spur interest and sign-ups for the Apple Card, the joint venture the company launched with Goldman Sachs to launch a credit card.
PYMNTS
SEPTEMBER 17, 2020
In the ongoing conflict between Apple and Epic Games , Apple's newest filing accuses Epic of sabotaging itself. That had the effect of undercutting Apple's profits. Apple said Fortnite would be allowed back in the App Store as soon as Epic removed the aforementioned in-game payment method.
PYMNTS
AUGUST 28, 2020
While a judge may not settle the dispute between Apple and Epic Games for months, the computer giant pulled the Fortnite maker’s games from the App Store on Friday (Aug. The move comes amid a pending lawsuit against Apple by Epic. In response, Apple said it would end Epic’s access to the App Store on Friday (Aug.
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
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. In addition, now users can have an Apple Card without the need for an iPhone or iPad. The tech giant has been promoting the card in the past several weeks and months.
PYMNTS
JANUARY 7, 2021
All in all, according to Apple, the much-anticipated wearable, while actively under construction at present, will not be on the market until 2023 at the absolute earliest. And with a three-year minimum delay, Apple might just find the market a bit more crowded when it finally arrives. Facebook Soon To Release Smart Glasses .
PYMNTS
JUNE 23, 2020
Apple’s annual Worldwide Developer Conference kicked off Monday (June 22) with Apple announcing new developments for its ever-expanding ecosystem. In previous years as many as 6,000 developers would gather in California to hear about the latest and greatest advances coming to the Apple ecosystem.
PYMNTS
JUNE 16, 2020
Tuesday (June 16) is marking a bit of a one-two punch on the Continent for Apple. The European Union announced that it is opening not one but two antitrust investigations into the tech giant, focusing on the company’s App Store and Apple Pay. “It It also reserves the ‘tap and go’ functionality of iPhones to Apple Pay.
PYMNTS
JANUARY 15, 2021
Apple is exploring the addition of a premium subscription podcast tier to become a more competitive rival to Spotify, Bloomberg reported on Friday (Jan. For over 10 years Apple has dominated podcast distribution, offering the talk radio-style broadcasts at no charge. 15), citing sources.
PYMNTS
OCTOBER 13, 2020
The Apple-watching website 9to5 Mac said the new phone will charge similar to the Apple Watch, with its back against a magnetic disc attached to a charging source. Apple said in its filmed presentation, which can be seen on YouTube , that the new iPhones will include a number of camera enhancements. on Tuesday (Oct.
PYMNTS
OCTOBER 9, 2020
As it follows in the footsteps of other merchants, Apple is reportedly beginning to harness its collection of shops as distribution hubs for delivering merchandise, Bloomberg reported. Apple has usually shipped products such as computers, smartphones, accessories and tablets from warehouses.
PYMNTS
DECEMBER 18, 2020
Apple’s digital wallet Apple Pay is under fire for possible antitrust violations, adding to the previous scrutiny over alleged anticompetitive behavior in its App Store, according to a report in Financial Times on Friday (Dec. Apple Wallet is a killer app — more of a killer app than much of the world really understands right now.
PYMNTS
MARCH 25, 2019
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. And so a tech giant gets into the credit card game.
PYMNTS
NOVEMBER 23, 2020
Apple has extended a deadline for in-app fees for online events through June of next year, a posting on a developer site says. Apple has softened its stance on commissions leveled at smaller firms selling things on the App Store, reducing the cut from 30 percent to 15 percent, PYMNTS reports.
PYMNTS
FEBRUARY 13, 2020
Apple is updating its augmented reality (AR) Quick Look feature to enable merchants to sell its products in-app for an instant AR experience, according to reports on Thursday (Feb. The retailer provides the 3D model and Apple uses ARKit – handling everything from scaling to lighting – to display it as it should look.
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