Payments News
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On The Web

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Companies

Apple Pay Is on Pace to Account for 10% of All Global Card Transactions

“Apple’s mobile wallet is gobbling up a growing chunk of card payments around the world. As the service grows, it’s becoming a greater challenge to rivals like PayPal and attracting the attention of competition watchdogs. Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by […]
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Companies

Apple Faces Two EU Antitrust Probes Over Apps

“European Union antitrust authorities launched two formal probes into whether Apple Inc. violated competition laws through its Apple Pay service and App Store, escalating the bloc’s broader campaign to curb Silicon Valley giants’ alleged attempts to corner markets and squash rivals. The EU’s new investigations join other formal and informal probes into companies including Alphabet […]
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Companies

Apple says its App Store facilitated $519B in commerce in 2019

“Amid increasing antitrust scrutiny by U.S. regulators, Apple announced an update on its App Store ecosystem. While the company normally shares some App Store metrics during its WWDC keynote, it’s today detailing the results of a new study that claims the App Store ecosystem facilitated half a trillion ($519 billion) in billings and sales globally […]
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Companies

The Apple Card Now Has a Website Where You Can Pay Your Bills

“Apple has introduced a new web portal for managing its Apple Card credit card (including paying bills, viewing the current balance, and seeing past bill statements), which makes the experience as a whole less reliant on an iPhone or iPad, via AppleInsider. Previously, the only way to manage an Apple Card required having a compatible […]
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Companies

Apple’s App Store Rules Scrutinized in U.S. Antitrust Probe

“About a year into a U.S. antitrust investigation of Apple Inc. , Justice Department lawyers are scrutinizing rules that require many app makers to use the company’s payment system, according to people familiar with the matter. Government lawyers have met with developers as recently as last week and are asking questions about Apple’s rules that […]
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