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Goldman Sachs OKs Subprime Applicants For Apple Card

PYMNTS

With its new credit card in conjunction with Apple, Goldman Sachs is reportedly approving some borrowers who are subprime for the offering. The bank is accepting applications for the Apple Card from some users who have credit scores that are not stellar, CNBC noted in a report that cited unnamed sources.

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The Great Credit Card Program Outsourcing Debate

PYMNTS

Among the biggest debates is how to construct and operate the best card program possible – a decision that served as the foundation for a new PYMNTS interview with Jim Geeslin, head of strategy for Elan Financial Services , an agent credit card issuer. Do FIs want to navigate card programs through that?”. Near-Term Challenges.

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Apple Enters Payments

Celent Banking

Yesterday Apple announced entering the payments space with Apple Pay, a new way to pay in physical stores and mobile apps. At Celent we also published a report in March this year called Apple in Payments: What to Expect? In fact, those devices are only limited today to the newly announced iPhone 6 models and the Apple Watch.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. It takes effort to balance seamless-but-fraud-free user experiences. Main Street USA Was Healthy In February, But Coronavirus Is The Wild Card.

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Apple Pay’s Tough Twenty Months

PYMNTS

This, everyone, is the Apple Pay story, 20 months post-launch. . Working with our partner, InfoScout, we fielded our latest quarterly consumer study of Apple Pay adoption and usage in early June and just completed our analysis. We now have observations every quarter since the launch of Apple Pay. PLEASE GIVE ME A TRY!

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Google, Mobile Wallets Pave Roadmap To Super Apps

PYMNTS

And 88 percent said they’d had a “consistently positive user experience” with NFC contactless technologies. As reported by India Retailing last month, “mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India.” Mobile wallet transaction value could exceed $1 trillion by 2024.

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Helping Small FIs Make Banking Services As Seamless As Taking An Uber

PYMNTS

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. The technology has moved with the times,” Davis told PYMNTS.

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