John Adams

Apple has a new method for integrating health records with its Wallet app, helping retailers check vaccination status before accepting payment. Here's why that could be concerning for credit card issuers.

Longtime bank executive Uma Wilson will head the cross-disciplinary team.

The company's new app bundles banking services such as payments, buy now/pay later and direct deposit. But the company plans to add features that could include stock trading, a popular offering from tech startups.

The companies each recently rolled out new contactless checkout technology as they attempt to turn Amazon Prime and Square Cash into platforms that let consumers pay for goods, save money, take out loans at the point of sale and conduct other financial services all in one place.

The consumer app, which was originally distinct from the company's merchant network, can now be used to pay via a QR code.

The wireless network will send digital request-for-payment messages, which can be paid immediately over The Clearing House's network from a Citigroup account.

Businesses requiring customers to show proof of vaccination could streamline verification by incorporating inoculation records into wallet apps that patrons already have on their phones.

The bank is taking a majority stake in a VW unit that enables drivers to use their dashboards to pay for such services as gas or parking. It's a recognition of the innovation taking place in the automotive sector.

The fintech's partnership with the world's largest card network allows it to expand in a market where red tape has stymied many U.S. payment companies.

Individual stock trading may seem far removed from these companies' core payments business, but the service could fatten account balances and increase customer engagement.