Payments News

On The Web

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Companies

Apple Submits Plans to Allow Alternative Payment Systems in S.Korea – Regulator

“South Korea’s telecommunications regulator said on Tuesday Apple Inc (AAPL.O) had submitted plans to allow third-party payment systems on its App Store to comply with a law banning major app store operators from forcing software developers to use their payments systems. The Korea Communications Commission (KCC) had requested Apple and Alphabet’s (GOOGL.O) Google to submit […]
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Companies

Epic V. Apple Ruling Put on Hold After Appeals Court Grants a Stay

“An appeals court has paused one of the most consequential parts of the Epic v. Apple ruling, placing a stay on the enforcement of the injunction issued by the lower court. As a result of the stay, Apple can maintain its IAP system as the sole source of in-app payments on iOS, despite the district […]
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Companies

Apple Is Sticking Taxpayers With Part of the Bill for Rollout of Tech Giant’s Digital ID Card

“Apple is making U.S. states foot part of the bill and provide customer support for its plan to turn iPhones into digital identification cards, according to confidential documents obtained by CNBC. The company requires states to maintain the systems needed to issue and service credentials, hire project managers to respond to Apple inquiries, prominently market […]
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Companies

WSJ News Exclusive | Apple Pay Fees Vex Credit-Card Issuers

“Banks rushed to work with the Apple Pay mobile wallet when it debuted in 2014. They have some regrets. When Apple Pay launched, the tech giant got big banks including JPMorgan Chase & Co., Capital One Financial Corp. and Bank of America Corp. to agree to pay fees that would allow their cardholders to pay […]
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On The Wires

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Companies

Apple Services Enrich Peoples’ Lives Throughout the Year

“Apple Pay provided even more customers with a secure and easy way to pay in-store and online around the world after expanding to nine new markets in 2021, including Colombia, Israel, and Mexico. Today, Apple Pay is available in nearly 60 countries and regions, and works with nearly 9,000 bank partners worldwide.Apple also continues to deliver […]