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Companies

Apple Pay to Charge Slovak Banks 0.2% Transaction Fee

“Apple is to charge participating banks a 0.2% transaction fee when its Apple Pay service launches in Slovakia later this year,according to local newspaper Hospodárske Noviny. A provisioning fee of 1.17 euros (US$1.32) will be charged as well.”
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Companies

Apple, Goldman Tie-Up Is Latest Way for Silicon Valley to Reshape Wall Street

“Citigroup Inc., JPMorgan Chase & Co. and others pitched their services, the people said. Apple instead went with a name little known on Main Street: Goldman Sachs GS -0.18% Group Inc. The elite investment bank will soon roll out an Apple credit card that will sync with an iPhone app, The Wall Street Journal reported last week. The card is part of a broader […]
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Companies

Here’s How the Physical Apple Card Will Be Activated on IOS

“To unlock Apple Card, users will be asked to put it next to their iPhone, which will then display a user interface similar to the one used to pair AirPods, HomePod, and other devices. A simple button press will then do the process of activating the card with the user’s account. This activation process is […]
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Companies

Apple Pay on Track To Hit 10 Billion Transactions in 2019

“Boosted in part by transit systems and other merchants adopting contactless payments, the Apple Pay mobile-payments service had another quarter of record volume and is heading for a milestone this year, Apple Inc. chief executive Tim Cook said Tuesday. “Apple Pay transaction volume more than doubled year-over-year, and we are on track to reach 10 […]
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Companies

How Apple Card Works

“One of the most buzzy announcements on Apple’s stage this week was Apple Card, its in-house credit card powered by Goldman Sachs and Mastercard. Consumers, tech press, financial press and Wall Street were all intrigued for various reasons.”
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Companies

Apple Pay Set to Debut in 16 Additional European Countries

“Technology giant Apple is set to launch its mobile payment platform Apple Pay for cardholders in 16 additional countries in Eastern Europe, MacRumors has reported. As per the plan, the mobile payments service will now be launched in Bulgaria, Croatia, Cyprus, Estonia, Greece, Lithuania, Liechtenstein, Latvia, Malta, Portugal, Romania, Slovakia, and Slovenia.”