Apple

Apple's planned update for accepting contactless payments on its handsets is as disruptive as it is inevitable. Companies like Ingenico, which makes point-of-sale hardware, have strategies in place to build on the tech giant's platform without sidelining their own devices.

The move could impact payments providers that rely on Apple’s iPhones to facilitate sales, such as Block’s Square, which dominates the market.

Apple and Affirm's PayBright are planning to launch a buy now/pay later program for Apple device purchases in Canada, stepping up the iPhone maker’s ambitions to offer more financial services.

The tech giant is entering a heavily competitive market led by large companies like PayPal and hot startups like Affirm and Afterpay.

Users of the Goldman Sachs-issued card found themselves unable to make payments or view account details.

The technology giant is looking for a negotiator with experience in buy now/pay later, faster payments and cryptocurrency.

Apple's Chief Executive Officer Tim Cook said it would be “terrible” for iPhone and iPad users if a judge ordered the company to allow third-party app marketplaces, in addition to its own App Store, as Epic Games is demanding in a high-stakes antitrust battle.

Apple provided in-depth detail on how many apps it rejected last year and why its iPhone payment system keeps customers secure, seeking to deflect claims from Epic Games that its review process and purchase system is a deterrent to competition.

This Apple/Epic battle is likely to encourage more companies to play the field, find the right payments solution for them, and avoid higher costs, says Credorax's Igal Rotem.

European regulators say App Store fees distort competition, a claim similar to Epic Games' contention in legal action in the U.S. over gaming download charges and transaction routing.

Apple Inc. was handed a European Union antitrust complaint over its app payment rules, drawing one of the world’s toughest competition enforcers into a global battle over fees for downloads on smartphones and tablets.

More than 50 countries support Apple Pay, which launched seven years ago, but adoption still lags in certain developed regions including Israel, Mexico and South Africa.

The new feature allows users to add thin-file spouses and teens on one account.

The new feature allows users to add thin-file spouses and teens on one account.

Goldman Sachs Group didn’t use discriminatory practices when deciding whether to extend credit to prospective customers of its Apple Card, said the New York State Department of Financial Services.

Amex is giving consumers more details about certain purchases with Digital Receipts, starting with big-tech merchants and Square.

A showdown between megabanks such as JPMorgan Chase and the likes of Apple and PayPal could be the prelude to a broader fight.

Open banking will drive an unprecedented move by banks, payments and technology firms to integrate and collaborate on banking-as-a-service, says Prime Trust's Scott Purcell.

There's going to be a strong emphasis on the creation of financial products underneath innovative, customer-centric innovation from big tech companies, says FIS' Raja Gopalakrishan.

The buy-in from Apple proves contactless payments are on the rise, but should also act as a warning sign for banks to promptly restrategize if they want to uphold their position in the industry, says Tealium's Heidi Bullock.