Apple to Shake-Up Financial Services Sector with BNPL Plan

Apple’s all-in approach to buy now, pay later (BNPL) is viewed as an indicator of the company’s increased emphasis on financial services. Apple Pay has been around since 2014, and three years ago the tech giant issued a credit card with the help of Goldman Sachs. Now, Apple Pay users will be able to avail themselves of the new Apple Pay Later. A subsidiary of the Cupertino-based iPhone firm has received the necessary licenses to launch the new financial offering in most U.S. states. Apple’s initial plans are to underwrite and fund loans capped at $1,000. Continue reading Apple to Shake-Up Financial Services Sector with BNPL Plan

Amazon’s POS System Will Take on Shopify, Square, PayPal

Amazon is developing a new point-of-sale system designed to lure small businesses that use Shopify, Square and PayPal for checkout needs. The new POS system manages in-store and online transactions, adds Amazon checkout options, provides inventory counts and offers business analytics. The system also integrates with existing Amazon services, including the Prime membership program, the One palm-based identification technology, and the Flex delivery network. Amazon also reportedly tasked its “Project Santos” team with a POS system that could be sold to third-party sellers. Continue reading Amazon’s POS System Will Take on Shopify, Square, PayPal

Energous, Other Firms to Offer Wireless Charging 2.0 in 2017

Energous has seen its share price more than double this year, due to its success with charging mats. But this company, along with a few others, has its sights set on Wireless Charging 2.0: the ability to charge phones, tablets and smart watches from across the room. In the second half of 2017, Energous plans to incorporate its technology in a transmitter that uses radio waves to charge devices from three to five feet away. In the next two years, consumers will see similar technology from WiTricity, AirFuel Alliance and Ossia. Continue reading Energous, Other Firms to Offer Wireless Charging 2.0 in 2017