What’s behind Apple’s internal deliberations about buying Discover? (Hint: China UnionPay.)
It’s hard to get millennials to open bank accounts. What do they need bank accounts for with all the great prepaid cards and other options out there? Boston-based First Trade Union Bank, already known for working with LevelUp on its payments app, is now partnering with SmarterBucks to produce a debit card that helps pay down student loans.
One month ago, we wrote that GoBank, the mobile bank account from Green Dot Corp., had — at last — eased up on its mobile check deposit policies. The bank was infamous for its stiff risk management policies, holding personal checks for up to 10 days.
Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay.
Apple has been filling out its payments team for the past few months, poaching a number of executives from PayPal, American Express, and others — but not just to prep for Apple Pay’s launch this week.
In a sense, things have never looked brighter for mobile banking. Apple’s announcement of Apple Pay is a huge step forward for mobile payments at the point of sale. But problems threaten.
In an interview with Bank Innovation, MasterCard shared the technical security details for Apple Pay, which will launch next month.
This Apple Pay demo makes it clear just how central Touch ID is to the Apple Pay experience.
Apple takes aim at the $12 billion-per-day payments industry with Apple Pay. Here’s a bootleg of Eddy Cue, SVP at Apple, unveiling Apple Pay today.
Sources tell Bank Innovation that Square and PayPal have been aware of Apple’s plan to enter the mobile payments space and have made plans accordingly.
John Scully, the former CEO of Apple Inc., thinks that mobile payments at Apple, expected to be launched tomorrow, will amount to a “creative leap” on par with Apple’s introduction of the iPod or iPhone. Judge for yourself in this video from Bloomberg released today: