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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

PYMNTS

In today’s top news, Apple countersued Epic Games for punitive damages, and telemedicine company Amwell priced its initial public offering (IPO). Apple Seeks Punitive Damages In Battle Against Epic Games. Boston Telemedicine Company Amwell Prices IPO. Where People Spent Stimulus Payments – And Where They Didn’t.

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Today In Payments: Apple Eases Streaming App Commissions; Softbank Abandons WeWork Deal

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In today’s top news, Apple will end its practice of taking a commission from streaming platforms operating on its devices, and Softbank pulled out of its $3 billion deal to purchase WeWork. Plus, the Boston Federal Reserve Chief said the U.S. Apple Eases Streaming App Commissions. jobless rate is poised to shoot up.

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

PYMNTS

Those conversations have largely ignored the Biggest Tech company of all, Apple, and Apple Pay. Apple Pay’s Digital-First Disconnect. Many of those are payment apps used by consumers online, but not in brick-and-mortar stores without access to Apple’s NFC chip. Take PayPal, for example. percent of all retail sales.

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Flywire Taps Former Apple Pay Exec As President, COO

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It’s a concept Rob Orgel, now the new president and chief operating officer at Flywire , told Karen Webster was foundational to his decade-long career at Apple — where he was part of the leadership team that developed, rolled out and grew the Apple Pay business. Flywire announced his appointment Tuesday (Nov.

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

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The Apple Card’s Big Launch. Early accounts seem to indicate that the just-launched Apple -branded credit card is finding its way into customers’ hands, and into heavy use. According to issuer Goldman Sachs , they have opened up about $10 billion in credit lines in just over month for the Apple Card.

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The Apple Pay Pivot?

PYMNTS

After a bit of a bumpy start to the year, what has become a now multi-week debacle with the FBI over that phone and a solid month of share prices below $100, it has been a while since Apple has managed a whole week of headlines that were, more or less, positive and even hopeful about innovation in the offing. So, what should you be watching?

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Apple, Visa face patent infringement lawsuit over Apple Pay

Payments Source

are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents. and Visa Inc.

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