Tagged: apple

Apple, Goldman Hit with $89 Million Penalty by CFPB for Apple Card Transgressions

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

European Digital Banking Platform CaixaBank Teams Up with Apple to Enhance CX

European digital banking platform CaixaBank consolidates its position in mobile banking and partners with Apple (NASDAQ:AAPL) to enhance customer experience. CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are “on the rise,” with… Read More

Apple Celebrates 10 Years of Apple Pay, Partners with Klarna, Highlights Lending Feature with Monzo, Affirm

Apple (NASDAQ:AAPL) has issued a statement in recognition of ten years of Apple Pay. In many respects Apple is one of the largest Fintechs in the world due to its global reach and ubiquitous nature of its products – most importantly the iPhone. Apple  reported… Read More

BNPL Fintech Klarna Becomes Apple Reseller with Storefront Launch, Offering Flexible Payments

Klarna, the AI-powered global payments network and shopping assistant, has unveiled “Apple from Klarna”, a storefront in the Klarna app and Klarna.com where customers are reportedly able to purchase Apple products via its flexible payment options. An official Apple (NASDAQ:AAPL) reseller, Klarna also introduces a… Read More

Apple Said to Be in Discussion with JP Morgan Regarding Apple Card

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

Goldman Sachs Expected to Take a Big Hit When it Exits Apple Card Arrangement

Not so long ago, Goldman Sachs (NYSE:GS) had huge ambitions in the consumer finance space enabled by Fintech. The theory expected that Goldman could lever its deep expertise in financial services to serve the masses by creating a tech stack to power consumer financial transactions…. Read More

PayPal Debit Card Can Now Be Added to Apple Wallet, Payment Firm Aims to Boost Utility of Service

PayPal (NASDAQ: PYPL) claims it has ushered in a “new era” for customers, making it easier and more rewarding than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. In addition, customers can now add their PayPal Debit Card… Read More

Curve Shares Intent to Join Apple Payments Ecosystem

Following the announcement that Apple (NASDAQ:AAPL) will open up its NFC ecosystem to outside payments providers, UK Fintech Curve has announced its intent to join the giant tech firm’s platform. Curve CEO and founder Shachar Bialick has issued the following statement: “We welcome Apple’s latest announcement,… Read More

Circle Expects to Power Payments by Stablecoin on Apple iPhones Soon

As Apple (NASDAQ:AAPL) will soon open payments on their iPhone to third parties, stablecoin issuer Circle says it will soon compete with other traditional payment providers. According to Apple, in-app, NFC transactions will be opened to developers with the release of iOS 18.1. “APIs, developers… Read More

BNPL Fintech Affirm CEO Max Levchin Shares Perspective on Competition with Fintech Klarna

Some business professionals tend to have an aggressive approach to their competition. However, Affirm (NASDAQ: AFRM) CEO Max Levchin claims that he has somewhat of a more balanced approach. In statements shared with Yahoo Finance, Levchin explains: “I think one lesson I learned over the… Read More

Apple Pay Now Offered to Crypto Exchange Bybit Clients

Bybit Card from Bybit, a global crypto exchange that has been the target of regulators in various jurisdictions, says it now brings its customers Apple Pay, a safer, more secure, and private way to pay “at checkout when using the Bybit app or website to… Read More

Apple BNPL Product, Apple Pay Later, to Shutdown this Fall: Report

According to a report, Apple’s (NASDAQ:AAPL) buy-now-pay-later (BNPL) product will shut down later this year. Apple Pay Later was expected to be the first digital loan-type service offered by the tech firm, but it appears that Apple is pulling back on the Fintech lending. According to 9to5… Read More

Santander Announces Zinia as Consumer Finance Provider for Apple in Germany

Santander recently announced that Zinia, its digital consumer finance platform, will become the new consumer finance provider for Apple in Germany. Zinia will aim to offer customers purchasing Apple products “both in Apple stores and online at apple.de the option to defer payments by splitting… Read More

Apple’s Fintech Offerings Adds Features with Forthcoming Update

Yesterday, Apple (NASDAQ:AAPL), the largest Fintech in the world, announced a series of software enhancements that were heavy on artificial intelligence (AI). While much of the presentation during the keynote at WWDC, the company’s annual developers conference, focused on improvements to the OS and the… Read More

Philippines SEC Reportedly Orders Apple and Google to End Support for Binance Services from App Stores

The Securities and Exchange Commission (SEC) in the Philippines has announced that it wants Google and Apple app stores to remove the Binance app. The Securities and Exchange Commission (SEC) in the Southeast Asian country is reportedly working with tech giants Google and Apple for… Read More

Apple Savings to Lower Rates for First Time

After a series of increases in the past few months, Apple Savings (NASDAQ:AAPL) will lower the interest rate paid to account users. The news was first revealed by MacRumors and a reader who tipped off the publication. Reportedly, Apple will be dropping is APY from… Read More

Apple BNPL Now Available as Default Option on Stripe Transactions

Payments platform Stripe is now incorporating Apple Pay Later, a buy now pay later (BNPL) service, by default for its merchants. Apple (NASDAQ:AAPL) revealed its BNPL product in 2022. The announcement immediately caused shares in other BNPL providers to stumble due to the company’s size. Apple… Read More

Open Banking: Apple Now Allows Some Fintechs to Access Apple Savings, Cash and Card Info

Apple (NASDAQ:AAPL), perhaps the largest Fintech in the world, is now allowing some Fintechs to tap into information regarding the Apple Card, Apple Cash and Apple Savings, according to multiple reports. The new API is an Open Banking service that is being rolled out in… Read More

As of Today, You Can Keep Up to $1 Million in Your Apple Savings Account

As of today (March 1, 2024), if you have an Apple Card, you may hold up to $1 million in your Apple Savings account. While there is no minimum amount needed to open an account, if you go over the $1M hurdle, Apple (NASDAQ:AAPL) will… Read More

Apple BNPL Users Will Have their Payment History Reported to Experian

Apple (NASDAQ:AAPL) released a buy now pay later (BNPL) product a year ago. Expectations are for a more extended credit option to appear soon as Apple continues its ongoing expansion into financial services. Today, Experian has shared that Apple BNPL users will now have their… Read More

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