The Apple Card takes a more aggressively digital approach to credit card relationships than most other products on the market — but the technology behind it isn’t exclusive to Apple. Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform…
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There has been considerable industry chatter and analysis since news broke that Apple and Goldman Sachs are teaming up to issue a credit card on the Mastercard network. A lot of thinking has centered on Apple Pay, mobile payments and how this card can stimulate Apple Pay volume and address Apple’s revenue decline given slowing…
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Banks and Apple Pay have not always had easy partnerships, but a hot market for co-branded cards gives Goldman Sachs a chance to advance its consumer ambitions and Apple an opportunity to offset slumps in device sales. As Apple picks up adoption among merchants and consumers, it is plotting a deeper dive into payments that…
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Apple’s recent smartphone revenue decline contrasts with strength in wearables and services, making these alternative venues increasingly important to Apple Pay’s continued success. Apple reported $84.3 billion in revenues for its fiscal 2019 first quarter, which ended Dec. 29, a 5 percent decline from the prior year’s $88.3 billion and the company’s first holiday quarter…
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Technologies associated with IoT are inexpensive, low powered and frequently based on common soft- ware platforms. Recent rapid development in the automotive/haulage industries allows the integration of this tech into cars/trucks. These developments have coincided with the simultaneous rise in fintech with the use of technology supporting financial services such as payments, fostering a commonality…
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Apple Inc. is nearing the rollout of Apple Pay Cash with the person-to-person payments service’s debut today as a public beta test, five months after the initial announcement. Apple Pay Cash now appears as an option within the Messages app for newer iPhones and Apple Watches in the latest beta version of iOS, enabling users…
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