Payments News

On The Web

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Companies

Apple Pay Later is Reportedly Facing ‘Technical and Engineering’ Issues

“Apple Pay Later is facing some “significant” setbacks that could delay its launch until next year, according to a report from Bloomberg’s Mark Gurman. The feature is Apple’s version of a buy now, pay later (BNPL) service, letting you make a payment through Apple Pay and then pay it back in four installments without interest. Apple said […]
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Companies

iOS 16.1 to Let Users Delete Wallet Amid Antitrust Concerns Over Apple Pay

“Apple on Tuesday surprised developers with the release of both iOS 16.0 beta 7 and iPadOS 16.1 beta 1. And while neither update comes with significant changes, it seems that Apple will soon let users delete the Wallet app from their devices with iOS 16.1. To make things clearer, iPadOS 16.1 beta is only available for iPad at […]
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Companies

Wait, When Did Everyone Start Using Apple Pay?

“Patience isn’t the most popular virtue in Silicon Valley, where companies aspire to move fast and break things, the motto that defined the age of tech excess. Nothing broke on the day in 2014 when Apple presented a new service called Apple Pay. If the quality of destruction was measured by the speed at which […]
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Companies

Soft POS User Base Set to Surge

“A new study from Juniper Research has found the total number of merchants deploying soft POS solutions will surpass 34,5-million globally by 2027; rising from 6-million in 2022. This growth will be driven by Apple’s entrance into the soft POS space; enabling iOS users to access an affordable mobile POS solution. Soft POS enables NFC […]
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Companies

Goldman Sachs, Bank Behind the Apple Card, Says Regulators are Investigating its Credit Card Practices

“Goldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over a range of billing and payments practices. The bank disclosed the probe in a quarterly filing on Thursday, saying that regulators were examining its “account management practices, including with respect to the application of refunds, crediting of nonconforming […]
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Companies

Third-Party Browsers Starting to Support Apple Pay in iOS 16 Betas

“Apple has added Apple Pay support to third-party browsers in recent betas of iOS 16 and iPadOS 16. The added support, spotted by MacRumors contributor Steve Moser, marks a change from iOS 15 and iPadOS 15 and earlier, where in-browser ‌Apple Pay‌ is exclusively available in Safari. Moser found that ‌Apple Pay‌ is available in Microsoft Edge and Google Chrome as of iOS 16 developer beta 4, […]
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Companies

Apple’s Version of Virtual Cards Could Be Coming in iOS 16

“Just as Google announced it would be adopting virtual cards for shopping through Chrome, Apple is likely also implementing virtual cards in its Safari browser. The news comes from 9to5Mac, which is currently digging through the iOS 16 beta 3, released yesterday afternoon for developers. According to code the site has seen, Apple has apparently been working to implement virtual cards […]
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Companies

Lawsuit Accuses Apple of Antitrust Violations Over Apple Pay

“Apple Inc was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet. According to a complaint filed in San Francisco federal court, Apple “coerces” consumers who use its smartphones, smart watches […]
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Companies

Apple’s Version of Virtual Cards Could Be Coming in iOS 16

“Just as Google announced it would be adopting virtual cards for shopping through Chrome, Apple is likely also implementing virtual cards in its Safari browser. The news comes from 9to5Mac, which is currently digging through the iOS 16 beta 3, released yesterday afternoon for developers. According to code the site has seen, Apple has apparently been working to implement virtual […]