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Apple launches Tap to Pay on iPhone for UK business
Nov 13,2023
Apple's Tap to Pay service for the iPhone has finally arrived in the UK, allowing smaller UK merchants and other enterprises to replace traditional payment terminals at the point of sale. In a surprise announcement, the company extended the serv...
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EU accuses Apple of market abuse with NFC and Apple Pay
Nov 13,2023
Above a desk somewhere at Apple HQ someone has probably pasted the slogan, "Another week, another lawsuit," and this week seems no different as the EU is targeting Apple Pay, or to be more specific, how Apple constrains use of the NFC chip inside iPh...
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Does Apple plan an Apple Pay surprise as Tap to Pay hits beta?
Nov 13,2023
Apple has played yet another hand as it continues to become even more relevant to business, introducing APIs in its latest beta to support the 'Tap To Pay' feature that turns iPhones (XR/XS or later) into payment card readers. Tap to Pay on iPhone is...
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Big banks' proposed digital wallet payment system likely to fail
Nov 13,2023
A group of leading banks is partnering with payment service Zelle's parent company to create their own "digital wallet" connected to consumer credit and debit cards to enable online or retail store payments. The new payment service, however, must com...
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Apple's bid for ubiquity across the US retail industry comes into view
Nov 13,2023
Seeking growth in an likely-to-be flat market, Apple has improved its payments services products with the live launch of Tap To Pay and the introduction of a new virtual "Apple Account Card" in its Wallet app. Tap to Pay hits Apple Retail i...
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FTX meltdown likely to spur crypto regulations, cool digital currency push
Nov 13,2023
The crash last week of FTX, one of the world's leading cryptocurrency exchanges, is likely to push lawmakers to create central oversight of an otherwise unregulated marketplace. And while cryptocurrencies like those traded on FTX are different from o...
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Fed's Zelle-like instant payment system to go live in July, hundreds now testing
Nov 13,2023
The US Federal Reserve (Fed) is preparing to launch a new financial network that would eliminate any wait time for sending and receiving payments. The system is now being tested by more than 100 market participants. The FedNow Service, which has...
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