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VirnetX Takes $503M Bite Out Of Apple For Patent Infringement

PYMNTS

There's a new development in a decades old lawsuit after a jury in Tyler, Texas, ordered Apple to pay $502.8 11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology. 11, 2010, alleged that Apple’s FaceTime and VPN On Demand features were using its patented technology.

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Today In Payments: Apple Parts Maker Foxconn Back To Work In China; Two Chinese Nationals Laundered $100M In Crypto

PYMNTS

In today’s top news, Apple manufacturer and supplier Foxconn has returned to production, the Department of Justice charged two Chinese nationals with laundering over $100 million in cryptocurrency, and TurboTax’s deal to buy Credit Karma has sparked antitrust concerns. Apple Parts Maker Foxconn Back To Work In China.

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Inside First National Bank of Omaha’s seven-person innovation lab

Bank Innovation

First National Bank of Omaha (FNBO), with $20 billion in assets and 5,000 employees, is building out its seven-person innovation group within the bank's namesake skyscraper in Omaha, Nebraska. The 162-year-old bank is remodeling the group's workspace to resemble a startup, with open, collaborative offices and Apple TVs adorning the walls.

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

PYMNTS

This digital shift — doing less in the physical world and more in the digital world for the same activity — is based on 16 longitudinal studies that PYMNTS has conducted of a national sample of more than 40,000 U.S. Those conversations have largely ignored the Biggest Tech company of all, Apple, and Apple Pay.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

As instances of the coronavirus quickly increase in a number of regions across the nation, Apple plans to shutter 30 more stores in the United States on Thursday (July 2) at the latest. Apple locations are usually located in highly trafficked malls and shopping centers.

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Apple Adheres To Russia Demands Of Crimea Label On iPhone Apps

PYMNTS

Apple will adhere to Russia’s demands that the technology conglomerate change the way the Crimean peninsula is displayed on Apple’s Weather and Maps apps, according to BBC reports. The BBC said this change seems to be reflected on iPhones within Russia on devices set up to use the Russian version of Apple’s App Store.

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Apple, NBA Team Up To Release Apple-Branded Playlist In Services Boost

PYMNTS

Apple has found what could be a powerful partner in getting its music offering out to more consumers. Even so, the outlook for Apple’s services – and the revenue coming from it – is hardly a slam dunk, even as the company looks to gain more from digital services in light of flagging hardware sales. The service costs $9.99

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