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Apple Pay Later product to use $73 billion cash reserves to fund loans
I told you so! During Money 2020 I was asked many times about Apple Pay Later and how they would fund the loans. My response? “why would you use Goldman... read more
The post Apple Pay Later product to use $73 billion cash reserves to fund loans appeared first on Payments Cards & Mobile.
EU charge Apple Pay with abuse of market power
The European Commission has accused Apple of abusing its market position for contactless payments via its digital wallet app Apple Pay. The EU regulator charged Apple with breaking competition law... read more
The post EU charge Apple Pay with abuse of market power appeared first on Payments Cards & Mobile.
Is Apple preparing to launch its own payment processing unit?
Oh boy! Apple has been reported to be developing its own payment processing technology and infrastructure such as lending risk assessment, fraud analysis, credit checks, and dispute handling. Part of... read more
The post Is Apple preparing to launch its own payment processing unit? appeared first on Payments Cards & Mobile.
EU launch antitrust charge to Apple Pay over NFC chip access
The EU has launched an antitrust charge over Apple’s NFC chip technology, people familiar with the matter said, a move that puts it at risk of a possible hefty fine... read more
The post EU launch antitrust charge to Apple Pay over NFC chip access appeared first on Payments Cards & Mobile.
UK researchers find hacking flaw in Apple Pay with Visa cards
Researchers from the University of Birmingham and University of Surrey have warned that they were also able to bypass the limit on contactless payment, allowing transactions of any amount. Large unauthorised... read more
The post UK researchers find hacking flaw in Apple Pay with Visa cards appeared first on Payments Cards & Mobile.
