Apple, which has identified financial services as a growth area, has experienced delays in rolling out such products, including Apple Pay Later, a “buy now, pay later” (BNPL) service announced in June 2022 and initially scheduled to launch in September. The service reportedly began rolling out in a beta test among Apple’s retail employees this month and could be available to consumers by March or April this year, according to recent reports. A proposed high-yield savings account tied to the Apple Card and Wallet app was unveiled in October but has yet to release. Continue reading Apple Pushing Forward into Financial Services Despite Delay

Apple is exploring various financial technologies for future products that would reduce the company’s reliance on third-party products over time, reports say. Payment processing, lender risk assessment, consumer credit reports, dispute mediation and fraud analysis are among the areas Apple is looking into, according to those who claim knowledge of the situation. The move would build Apple’s profile in a category that currently includes Apple Wallet, branded credit cards, peer-to-peer payments and a merchant app involving iPhones. As previously reported, Apple is also working a subscription hardware model and further enhancements to Apple Pay. Continue reading Apple Explores Greater Role in Consumer Financial Services

Working with Arizona and Apple, the Transportation Security Administration has deployed digital verification for state-issued mobile driver’s licenses or identification cards stored in the Apple Wallet app on iPhones and Apple Watches. While 30 states say they are exploring digital IDs, Arizona becomes the first in which the TSA has begun using the system, activated Wednesday at Phoenix Sky Harbor International Airport. For now, the feature is available only for TSA PreCheck passengers at select checkpoints at one airport, but as other states’ device manufacturers sign on, TSA says it will expand the program. Continue reading Arizona Is First State to Accept Identification via Apple Wallet

Apple’s WWDC annual week-long developer conference kicked off with a first peak at iOS 15 enhancements. That includes the next version of FaceTime, which will more closely resemble Zoom, including a grid view for group calls and spatial audio and voice isolation features. The company teased new software updates for AirPods Pro and AirPods, and a multitasking menu for iPadOS 15, coming this fall. The upcoming watchOS 8 will boost fitness, sleep and meditation features. Among numerous other announcements, the company showed data privacy improvements and revealed that HomeKit will now support Siri. Continue reading Apple Unveils New OS, Privacy Updates and More at WWDC

This month, Apple will officially launch Apple Card, a credit card for iPhone users, according to chief executive Tim Cook. The credit card, which will be situated in Apple’s Wallet app, allows contactless payments and includes no fees, lower interest and cash rewards. According to the Silicon Valley company, Apple Pay has 70 percent “retail acceptance” in the U.S. and 90 percent in Australia. It can be used wherever Apple Pay is available and is expected to be in 40 countries by the end of the year. Continue reading Apple Card Debuts with 70 Percent of U.S. Retail On Board

It’s common for ticket resellers to use screenshots and photocopies of real tickets to sell in bunches to unknowing ticket buyers. To combat this fraud, Ticketmaster will start using a new technology called SafeTix, which is tied to a ticket holder’s mobile device via an encrypted barcode that refreshes every few seconds. Additionally, SafeTix supports NFC technology that allows fans to enter venues using a “tap and go” experience, and users will soon be able to use SafeTix via Apple Wallet on their iPhones and Apple Watches.

Continue reading Ticketmaster Combats Ticket Fraud with New SafeTix Tech