PYMNTS

NOVEMBER 11, 2019

And while the last week had no shortage of players pushing ahead with big moves, there were three that managed to put up some pretty staggering early-season numbers. The Apple Card’s Big Launch. 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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Apple Massachusetts Data Cards 101

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . According to the latest edition of the Innovation Readiness report, only 22.3

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Innovation Data System Mobile 222

PYMNTS

NOVEMBER 19, 2019

Payments is in a state of constant change, with decision points shifting as fast as each innovation, disruption and tweak in consumer behavior. Financial institutions (FIs) face the issue of whether to outsource their credit card programs or do it themselves – a decision that will maintain its importance in the coming new decade.

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Cards Apple Data Innovation 140

PYMNTS

OCTOBER 16, 2019

Today in the payment’s news roundup, Goldman Sachs CEO David Solomon said there has been a lot of demand for Apple Card as of its launch in August. And Wells Fargo managed to slightly beat revenue predictions when it announced its earnings on Tuesday (Oct. Goldman CEO Boasts Of High Apple Card Demand.

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Apple Cards San Francisco Payments 108

Bank Innovation

MAY 22, 2018

market gets saturated with various P2P apps, consumers are demanding that Venmo or Apple Pay or whatever platform they are using provide them with some money-management capabilities as well. The expectation for P2P payment apps is more than just payments. As the U.S.

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Management Conference Apple Fintech 186

PYMNTS

FEBRUARY 25, 2020

As the report states, “We … find that a significant share of consumers are willing to bank with the institutions — financial or otherwise — that offer them the best spending and money management tools.”. Mobile Cards: Make or Break? The highest interest is among “bridge millennials” whose card spend averages $40,000 annually.

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Mobile Cards social media Survey 153

PYMNTS

MARCH 18, 2020

According to Building A Better App: Banks And The Innovation Imperative , a report co-produced by PYMNTS and Ondot , almost a quarter, or 24.3 percent, of consumers reported they would be highly likely to seek banking services with Amazon , Apple or Google — while another 23.5 percent indicated they would be at least somewhat likely.

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Cards Tools Mobile Google 217

PYMNTS

DECEMBER 4, 2018

Coverage includes France’s Natixis Payments bringing Apple Pay to users of Apetiz at restaurants and retailers. France’s Natixis Payments is bringing Apple Pay to users of Apetiz for payments at affiliated restaurants and retailers, Natixis said in an announcement.

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Google Apple Payments Samsung 148

PYMNTS

JANUARY 29, 2019

29) the launch of Attain, a new health experience designed by Aetna in collaboration with Apple. According to Aetna, reward opportunities include the ability for eligible users to earn their Apple Watch via participation in the program. The Attain app is slated to go live via the Apple App Store this spring.

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Apple Exercises Meeting National 134

PYMNTS

JANUARY 29, 2020

Virtual cards have been spreading across the B2B payment space because of their cost-saving benefits for both companies and suppliers. These cards’ account numbers correspond with certain vendors, and have predetermined spending limits, enabling accounts payable (AP) professionals to better manage expenses, control cash flow and fight fraud.

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Cards Strategy Fraud Minneapolis 130

PYMNTS

SEPTEMBER 10, 2019

The big day has finally arrived: the new iPhones (and the rest of Apple’s fall lineup of devices) will finally get their big public introduction when Tim Cook and company hit the stage in the Steve Jobs Theater at Apple Park in Cupertino later today.

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PYMNTS

JANUARY 26, 2017

Apple has surely managed to deliver a lot of hype with the launch of its mobile payments platform, but according to the numbers so far, it hasn’t really managed to deliver a hit. Apple Pay continues to have its boosters, and Tim Cook remains unspeakably enthusiastic about its future. 2016, that figure had fallen to 22.4

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Apple Cards Mobile Payments 100

PYMNTS

APRIL 7, 2020

But the numbers tell a tale, and recent stats in the March 2020 Credit Union Innovation Index show the need for CUs to step up their efforts to innovate. Incumbent and legacy FIs, as well as tech startups such as Apple, have made the financial lives of consumers more convenient, said Fagan. percent to a recent 21.9

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Innovation Digital Banking Resources Apple 142

PYMNTS

OCTOBER 21, 2019

Also, card member spending, among other factors, helped to produce a revenue gain for the global consumer services group of American Express in Q3 2019. REPORT: What Apple Pay at Five Says About the Future of Mobile POS Payments. Apple Pay went live on Oct. Ten Years of Payments Innovation and Reinvention.

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Cards Apple Payments Groups 100

PYMNTS

OCTOBER 21, 2019

Some entertainment innovators are also rolling out new subscription services. Consumers can subscribe to Disney+ via numerous devices and platforms, with the inclusion of iOS and Apple TV, Android and Sony PlayStation 4. The move by Disney is reportedly an effort to tackle rivals with original content like Amazon, Apple and Netflix.

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Innovation Retail Las Vegas Payments 109

PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

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Regulation Data Apple Payments 131

PYMNTS

MARCH 11, 2016

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.

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PYMNTS

FEBRUARY 20, 2020

Google, Amazon and Apple already loom large in nearly every area of consumers’ lives, whether in the form of smart speakers, cloud-computing or content streaming services — just to name a few. For the Building A Better App: Banks And The Innovation Imperative Report , a collaboration with Ondot , PYMNTS surveyed more than 3,000 U.S.

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Cards Data Management Mobile 146

PYMNTS

JULY 1, 2020

But one thing is clear: Americans would be willing to dispense with their local bank and make Amazon , Apple or Google their primary payment account provider if those 21 st -century accounts allowed them to more easily manage and spend their money. Such an app could potentially involve as much as $2 trillion in card spending. .

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Survey Cards Millennials ATM 183

PYMNTS

JULY 1, 2019

As financial service conglomerates and innovators move deeper into the B2B payments field, they’re finding a field of opportunity to disrupt clunky manual and legacy processes far beyond the accounts payable (AP) department. Drivers must be authorized to spend company money, and fleet managers need visibility into those transactions.

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Payments Google Cards Innovation 148

PYMNTS

AUGUST 14, 2020

It looks like a race is shaping up to determine the future management of General Motors ’ credit card business. However, the Journal cited unnamed sources as saying that the London-based Barclays is also bidding for GM’s card business, while current issuer Capital One is unlikely to let the account go without a fight.

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Cards Apple Google Technology 245

PYMNTS

JANUARY 4, 2019

Quick-service restaurant (QSR) managers are a conservative bunch when it comes to payments, new PYMNTS research found. Yet, only about 63 percent of QSR managers said the same thing. Apple Pay , for instance, was viewed positively by about 94 percent of customers, but only 70 percent of QSR managers agreed. Amazon Pay.

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Apple Cards Retail Management 177

PYMNTS

MARCH 1, 2017

Creating innovation that’s both meaningful and lasting requires more than just coming up with a great idea. PYMNTS: How would you define your company’s approach to innovation? TC: Traditionally, we’ve relied on our partners and client advisory committees to help direct our innovation, which in a way made us a fast follower.

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Gonzobanker

SEPTEMBER 15, 2014

Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay as part of this week’s release of the iPhone 6. Apple shrewdly coopted its greatest weakness as an inexperienced new entrant.

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Apple Cards Mobile Community Bank 103

PYMNTS

APRIL 16, 2019

And while some observers had reflected on the Wall Street-related activities, it seems clear that the move toward the digital consumer – across, initially, retail banking and credit cards – is firmly in place. Looking toward what’s (literally) in the cards, management pointed to the announcement that came last month with Apple.

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Apple Cards Course Management 121

PYMNTS

JULY 10, 2020

“We are seeing more and more issuing banks championing virtual cards that feed directly into mobile wallets, doing away with plastic once and for all.”. For example, do we really need plastic cards anymore? Accelerating the Speed of Innovation. Some changes wrought by recent events are not unwelcome. An End to Plastic.

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Payments Cards Mobile Innovation 201

PYMNTS

AUGUST 6, 2020

In its announcement, Bottomline highlighted the enhanced payer experience, as well as the ability to reduce card fees for recipients, as key benefits of the solution. Morgan Enhances Virtual Cards Via Marqeta. ’s Faster Payments real-time payments system. Plaid, Galileo Boost ACH Efficiency. In another bank-FinTech tie-up, J.P.

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Fintech Cards Technology Samsung 277

PYMNTS

NOVEMBER 19, 2020

Google’s Caesar Sengupta , general manager of payments, and Josh Woodward , director of product management, said the revamp aids visibility, streamlines transactions and lets users track a trail of payments. Apple Pay and Google Pay, of course, stand to be outsized beneficiaries of the shift to digital wallet adoption.

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Google Mobile Apple Survey 254

PYMNTS

NOVEMBER 28, 2018

American Express (Amex) is launching its new American Express Go service in Australia in an effort to help corporate financial managers adopt virtual cards. 28) said Amex is rolling out a suite of services for corporate finance departments, including the ability to add virtual cards to Apple Pay, Google Pay and Samsung Pay wallets.

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Cards Samsung Management Apple 123

PYMNTS

MARCH 17, 2017

That’s why payments innovation isn’t just about delivering a solution, but delivering one that can create efficiency and reduce risk in a secure manner. Another challenging area that any CIO has is managing the budget and ensuring that anything spent in the IT area provides a return on investment and helps meet our goals.

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Innovation Security Payments Mobile 108

PYMNTS

SEPTEMBER 16, 2020

The question for Apple is: Will the slew of offerings announced this week be enough to bring new users into its ever-expanding ecosystem, and also keep current consumers, well, consuming? 15), Apple unveiled a slew of watches and services in a bid to give a tailwind to hardware sales and boost its services business. On Tuesday (Sept.

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Apple Course Video System 146

PYMNTS

JANUARY 20, 2021

Ryan Frere, executive vice president and general manager of B2B for Flywire , believes that embedded finance in B2B is key to payments optimization in 2021. There is no need to fumble with cash or hand a payment card to the driver — it happens automatically. Apple iTunes is another. But that is changing — slowly but surely.

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Payments Examples Software Management 175

Banking 2020

DECEMBER 16, 2014

Even though the shine may have worn off, Apple Pay buzz still has a little “zz” left in it. AFCU was the second credit union to be a participating Apple Pay issuer and is currently only 1 of three credit union partners of the program. W hat’s the question your members continue to ask you about Apple Pay?

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Apple America Training Cards 84

Celent Banking

OCTOBER 16, 2014

Not surprisingly, reaction to Apple Pay’s announcement is the hottest topic in payments. It even manages to dominate European conferences with no specific agenda items dedicated to Apple. By then, Apple Pay should be up and running – the iOS upgrade which would launch Apple Pay is expected over the weekend.

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Apple Payments Conference Meeting 169

PYMNTS

AUGUST 10, 2016

What we do know, however, is that efficiency-driving innovation will have its place, come whatever market environment,” Joshua Kempf, cofounder and CEO of online B2B industrial products distributor Gaveteiro.com.br , explained in his TechCrunch piece. It looks like it’s no harm, no foul for Apple. Canada and Brazil.

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Innovation Apple social media America 100

PYMNTS

FEBRUARY 19, 2019

But the report noted that “the most common reason managers don’t like features like self-service kiosks and online ordering is that they believe customers don’t like them.” However, many QSRs, from Dunkin’ Brands to Taco Bell , are tuning to these digital innovations. now support Apple Pay.

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Apple Branding Innovation Cards 174

PYMNTS

APRIL 10, 2019

certification: They must, for instance, resolve issues when a payment reader’s too-powerful field strength results in damaged smartphones and cards. From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers.

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Retail Payments Mobile Apple 259