Apple opens up payments under EU pressure
Payments Dive
JANUARY 26, 2024
Apple plans to give software developers the option to use third-party payment systems, but warned that the change will expose consumers to new threats.
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Payments Dive
NOVEMBER 6, 2023
CFO Luca Maestri said the Cupertino, California-based company’s gains in payments were “very, very important” in order to get users of Apple’s hardware to also start paying for its software.
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Payments Dive
MARCH 7, 2024
“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.
Payments Dive
MARCH 15, 2024
“It’s easy for giant app companies to pick fights with Apple and Google, but when billionaire companies fight about who gets richer, it’s usually the little guy that loses,” writes CashEx’s CEO.
Payments Dive
JUNE 7, 2022
Apple Pay Later will let users split the cost of an Apple Pay purchase into four equal payments over a six-week period, with no interest or fees. It will be available via the Mastercard network.
PYMNTS
SEPTEMBER 17, 2020
The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg. The EU earlier this summer said its antitrust probe would look into both the App Store and Apple Pay.
Payments Dive
MAY 25, 2023
Affirm’s CEO said PayPal, Klarna and Afterpay are more likely to face pressure from Apple’s buy now, pay later move.
PYMNTS
SEPTEMBER 17, 2020
In the ongoing conflict between Apple and Epic Games , Apple's newest filing accuses Epic of sabotaging itself. That had the effect of undercutting Apple's profits. Apple said Fortnite would be allowed back in the App Store as soon as Epic removed the aforementioned in-game payment method.
PYMNTS
AUGUST 3, 2020
Apple has purchased Canadian company Mobeewave , which will allow it to create mobile pay hubs out of iPhones, Bloomberg reported. Mobeewave specializes in letting shoppers utilize their smartphones to access a credit card and process payments. The deal went down for $100 million, according to sources quoted by Bloomberg.
Payments Dive
NOVEMBER 21, 2023
“Apple and Google Play app store fees will be significantly lower in the medium future,” Drake Star Partner Michael Metzger predicted.
PYMNTS
JULY 2, 2020
With a new website Apple has launched, Apple Card holders will be able to check balances and do business online, the company said, according to MacRumors. The site, card.apple.com , allows users to sign in and see their balance, their next payment due date and the total limit of their card.
Payments Dive
NOVEMBER 4, 2022
The digital payment pioneer is counting on its ties to Apple and Amazon as it prepares for an economic slowdown already showing up in e-commerce.
Payments Dive
JANUARY 16, 2024
Both tech giants will spend this year fighting off rivals hungry for a piece of their payments revenue.
Payments Dive
FEBRUARY 16, 2024
Meta said it will pass along Apple’s 30% service charge to advertisers who pay to boost the visibility of their posts on its social networks.
Payments Dive
MAY 23, 2022
Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.
Payments Dive
MARCH 5, 2024
And as a result, Apple will appeal,” the tech giant said Monday. “While we respect the European Commission, the facts simply don’t support this decision.
PYMNTS
FEBRUARY 13, 2020
Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company.
Payments Dive
JULY 14, 2023
The tech giant, now valued at $3 trillion, is continuing to expand its financial offerings after debuting a buy now, pay later feature and a savings account earlier this year.
Bank Innovation
NOVEMBER 8, 2017
Apple has launched its person-to-person payments service in the U.S. Apple’s payments offering is now available in iOS 11.2 Users will notice an Apple Pay button in their iMessage. Through iMessage, money will be transferred instantly to another user’s Apple Wallet, in the form […].
PYMNTS
SEPTEMBER 8, 2020
Apple Pay users may soon be able to use a feature in the Wallet app to make payments by scanning a QR code. Since its launch, Apple Pay transactions at brick-and-mortar retailers relied on NFC and an iPhone near the payment terminal to make a contactless purchase. AppleInsider reported the U.S.
PYMNTS
DECEMBER 4, 2020
Dutch antitrust regulators have launched an investigation into freedom of choice regarding payment apps and is eyeing Apple Pay’s limitations, Bloomberg reported. Although the antitrust regulator didn’t mention Apple by name, it said in a press release on Friday (Dec. Apple has denied any outside access to the chip.
Payments Dive
OCTOBER 17, 2022
The move is the logical next step for the Apple-Goldman partnership, according to one consultant, who said the day-to-day banking product complements Apple’s Goldman-powered credit card offering.
PYMNTS
JUNE 1, 2020
For the third consecutive month, Apple and Goldman Sachs are allowing customers to skip their Apple Card payments without interest charges due to the financial impact of the coronavirus pandemic. “We While customers can take advantage of the payment respite, any purchases made with the Apple Card must eventually be paid.
PYMNTS
MARCH 15, 2020
As a way to provide some financial pressure that people could be experiencing as a result of the coronavirus, Apple alerted Apple Card customers by email that they will be allowed to skip their March payments without incurring interest charges. “We This is the latest move from Apple regarding the coronavirus pandemic.
Payments Dive
JULY 25, 2023
Apple Pay Later is gaining traction with consumers after a rollout earlier this year, according to a survey from JD Power.
PYMNTS
APRIL 1, 2020
For the second consecutive month, Apple Inc. will allow its Apple Card users to defer April payments without interest or penalties to ease financial pressures of the COVID-19 pandemic. had offered the same program for March payments. The Apple Card was launched last summer. Apple Card?
Payments Dive
MARCH 27, 2024
The follow-on class actions are substantively similar to the federal government’s case, making them dependent on the agency’s lead in breaking the company’s smartphone stranglehold.
PYMNTS
MARCH 22, 2019
Apple has reportedly acquired API integration developer Stamplay for 5 million euros ($5.678 million). While it’s unknown exactly why Apple is interested in Stamplay, the fact that the company has experience in the financial payments industry could be beneficial to the tech giant with Apple Pay, its digital payment service.
Payments Source
AUGUST 14, 2020
Epic, the maker of Fortnite, is suing Apple and Google for forcing app makers to hand over a 30% cut of their revenue to the tech giants. The grievance against Apple is pretty clear-cut; the attack on Google is more nuanced, and could have major consequences for the payments industry.
Payments Dive
SEPTEMBER 8, 2023
“Regulations imposed by Big Tech firms have a big impact on whether consumers and businesses can make payments using third-party apps,” CFPB Director Rohit Chopra said in a Thursday press release.
Payments Dive
NOVEMBER 7, 2023
Google, Apple and 15 other big non-bank technology companies that provide digital wallets or payments apps would be subject to increased regulation if a new Consumer Financial Protection Bureau rule is approved.
BankInovation
FEBRUARY 2, 2024
Apple reported record payments and cloud revenue that contributed more than 19% of the tech giant’s overall revenue growth. Revenue from the services, which include iCloud and Apple Pay, was $23.1 Apple’s total revenue for […] billion in its fiscal first quarter, up 11.3%
Payments Dive
OCTOBER 2, 2018
Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities.
PYMNTS
JULY 15, 2020
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.
PYMNTS
JUNE 16, 2020
Apple will now be allowing 0 percent interest on financing options for several of its products, including the Mac lineup, iPad, AirPods Pro, AirPods, Apple Pencil and others, when paid for via the Apple Card. The move comes after Apple offered 0 percent interest financing on the iPhone last December.
PYMNTS
AUGUST 23, 2020
Apple has backed down and apologized after it found itself in ye t another controversy this weekend over its App Store, Bloomberg News reported. To get access, Apple said it wanted a 30 percent cut of WordPress’ in-app sale; the App Store is where Apple makes much of its $50 billion per year services business, the news service reported.
PYMNTS
SEPTEMBER 23, 2019
Two Apple iOS 13 users took to Reddit to share some payment security issues they faced when using the tech giant’s newest iteration of its operating system, according to reports. Apple has already announced it will release iOS 13.1 Createdbyeric said they spent almost an hour on the phone with Apple. on Tuesday (Sept.
PYMNTS
JUNE 20, 2019
Apple has expanded the test phase of its credit card with Goldman Sachs to its retail employees, according to a report by Bloomberg. The company, which has tens of thousands of retail workers, launched an internal beta program for the Apple Card, and it is the first major trial for the upcoming product, set to launch publicly in the summer.
PYMNTS
AUGUST 13, 2020
After Epic Games provided gamers with a discounted way to purchase digital items directly via the company, Apple took the Fortnite app off of its App Store Thursday (Aug. In a post on its website regarding “The Fortnite Mega Drop,” the game’s team wrote, “Today, we’re also introducing a new way to pay on iOS and Android: Epic direct payment.
Bank Innovation
JANUARY 29, 2020
-based card consolidation startup Curve this week launched with Apple Pay, allowing customers to connect their Curve cards to their Apple iPhones, watches, iPads and other devices. Curve offers a physical and digital card that consolidates multiple bank accounts and cards into one payment vehicle, supported by Mastercard.
PYMNTS
SEPTEMBER 22, 2020
Users of Apple Music, TV+ streaming service and the App Store experienced problems accessing the services Tuesday (Sept. Apple did not immediately respond to a request for comment. At press time, all Apple’s services have been restored, 9to5 reported. At press time, all Apple’s services have been restored, 9to5 reported.
PYMNTS
MARCH 26, 2019
Apple is reportedly blocking its person-to-person credit card payment service unless a user gets a new Apple Card. According to a report in Cult of Mac , as of Tuesday (March 25), you can no longer send a payment to another person using your credit card via Apple Pay Cash unless its the company’s credit card.
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