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Goldman’s Apple Card: What Will Q2 Hold?

PYMNTS

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.

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Apple Earnings Transcend Pandemic Economics

PYMNTS

For a company that doesn’t have a retail location open outside of China or South Korea because of the coronavirus pandemic, Apple acquitted itself nicely in the second quarter. In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative and productive. “In

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UK Gov’t Now Accepts Apple Pay For Some Services

PYMNTS

government has now started accepting Apple Pay for certain online payment services. There are plans to expand Apple Pay support to the local government, police, and the NHS later this year. This innovation will increase the convenience and security of gov.uk And introducing mobile payment to gov.uk

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Commercial Card Innovation Puts SMBs In The Spotlight

PYMNTS

Smaller companies were the focus of innovation in the commercial card space this week thanks to new cards designed for small and medium-sized businesses (SMBs). This week’s commercial card innovation tracker includes the launch of business cards by American Express and Amazon in addition to one by Wyndham Hotel & Resorts and Barclays.

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App Store Approach Helps Banks Manage Partners, Speed Digital Transformation

PYMNTS

In the bid to hasten their digital transformation, when it comes to innovation , financial institutions (FIs) may benefit from an “app store” approach as they weigh existing and new solutions. The need to streamline new product development is especially urgent as banks have had to pivot to online channels amid the pandemic.

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Western Union Customers Can Now Use Apple Pay for Money Transfers

Bank Innovation

The Apple Pay universe just keeps on expanding—this time, it’s to international money transfers. iOS users will now be able to use Apple Pay for their payments when sending money transfers with global payments provider Western Union, the companies announced today.

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Brex Notches $150M To Advance Expense Management Tools

PYMNTS

Brex is tapping the new funds for engineering and design to advance its tools for expense management and procurement. “We We are excited to have a front-row seat as Brex continues to revolutionize financial services,” said David Craver , portfolio manager and managing director for Lone Pine Capital.

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