Apple is in ongoing talks with two financial companies to take over Apple Card credit services management from Goldman Sachs, according to a new report. The iPhone giant has been discussing the matter with Barclays and Synchrony Financial for a while, apparently.
News of the talks comes just one day after Goldman Sachs’ CEO said on an earnings call the firm’s Apple Card management, scheduled through 2030, might end sooner than that.
To help expedite recovery in response to deadly Los Angeles wildfires, Apple gives users simple ways to help LA wildfire victims by linking donation pages in popular apps directly to the American Red Cross, CEO Tim Cook said in an X.com post Wednesday. This follows the iPhone giant’s own donation of an undisclosed amount as well as considerations extended to wildfire victims regarding their Apple Card payments.
Apple said it will once again run its annual charitable giving campaign coinciding with World AIDS Day on December 1. And that gives holiday shoppers an opportunity to easily contribute to global health efforts while making their seasonal purchases. In addition, purchases from Apple’s Product (Red) collection contribute to the cause anytime.
PayPal debit card users will be able to see their PayPal balance in Apple Wallet starting in 2025.
Plus a new Tap to Provision feature lets users add a credit or debit card to Apple Wallet by simply tapping an eligible card to the back of their iPhone.
These are among a number of features that are new or coming soon to Apple Pay.
Set up scheduled, automatic Apple Cash payments to send money to your friends or family on a regular basis. You can use this to pay back your housemates for bills, send your kids some money or pay back personal debts.
Whatever the reason may be, Apple Cash is a fast and easy way to send money. I even have a pro tip for scheduling a singular payment in advance. Here’s how to set up recurring payments.
Apple and the European Commission came to an agreement on opening up iPhone to rival digital wallets and tap-and-go systems. The days of the iPhone’s NFC capabilities being limited to just Apple Pay are at an end. In Europe, anyway.
But in the rest of the world, it’s Apple Pay or nothing.
Apple Pay Later, a financial tool that launched in 2023, has already been discontinued. The now-defunct service allowed shoppers to borrow up to $1,000 and pay it back in installments with no interest.
The company said Monday that, starting later this year, Apple Pay will instead allow buyers to access similar small “buy now, pay later” loans via other financial institutions’ credit and debit cards.
You can get a temporary debit card number to pay with Apple Cash online in case you want to pay with your balance on a site that doesn’t accept Apple Pay. If you have a lot of money sitting in your Apple Cash account, this can be a convenient way to pay without using your other cards. (It’s also handy if you don’t have any credit or debit cards from other banks.)
In case it’s unclear, Apple Cash is what you receive when someone sends you money via iMessage. It’s not to be confused with the other products with similar names. Apple Card is a highly rated credit card you can apply for. (It’s a physical card, made of titanium.) Apple Card Savings is a high-interest savings account for people with a physical Apple Card. And Apple Pay is a payment method (secured by Face ID, Touch ID or your device’s passcode) that lets you pay with credit/debit cards from other banks.
Previously, you could only pay with your Apple Cash via Apple Pay (or transfer it to your bank). Now, you can tie your Apple Cash to a virtual card number to pay using your Apple Cash balance online. Here’s how to set it up.
Experian now includes small consumer loans made through Apple Pay Later on consumers’ credit reports. That makes Apple the first “buy now pay later” provider to supply this information to the credit reporting agency.
This can improve the customer’s credit score.
Apple Cash will soon give shoppers everything they need to make purchases online. Starting with iOS 17.4, a debit card number can be created for the financial service, along with the usual associated details.
This will be a boon for those who depend on the digital payment system, especially teenagers.
To comply with EU mandates, Apple will open the iPhone’s NFC payment chip to third parties, the company said Thursday. Starting in March, users in the European Economic Area will be able to utilize tap-to-pay services other than Apple Pay when making purchases.
The new payment option, part of sweeping changes forced on the iPhone and iOS by the EU’s Digital Markets Act, could cut into Apple’s services revenue. And the company warns that it could put users at risk.
The days of the iPhone’s NFC capabilities being limited to just Apple Pay could be coming to an end. Apple is reportedly open to allowing other systems to use the wireless payment system.
It’s the company’s solution to European Union objections to the iPhone’s NFC limitation.
If you use Apple Wallet and Apple Pay, now you can add your PayPal and Venmo credit and debit cards to the mix for easy payment on the go using iPhone or Apple Watch, PayPal said Wednesday.
This follows a previous PayPal announcement in November 2022 and some testing earlier this year.
You can split up a big purchase across four smaller payments using Apple Pay Later. Unlike other similar services like Klarna, Afterpay and Affirm, there’s no interest — you pay the exact same amount of money as if you were purchasing at once.
Payments are expected every two weeks, matching the most common paycheck schedule in the United States. It’s easy to use and transparent about what you’ll pay when; it couldn’t be more straightforward.
Not just anyone qualifies for a new Apple Card — including Apple CEO Tim Cook, according to a new report. The Goldman Sachs underwriting system apparently rejected his application a while back.
Amid reports lately that Goldman is losing money on its deal with Apple, and the two might part ways, it almost sounded like payback. But that’s not it.
Savvy shoppers can score a boatload of summer savings through Apple Pay’s promotion running through July 26.
Just head to the sellers’ websites through Apple’s promo page for great savings from the likes of Ray-Ban, Sonic, Gymboree and nine others. See below.
Apple is reportedly in talks with HDFC Bank to bring Apple Card to India. The latter is among the country’s largest credit card issuers and private banks.
The Cupertino giant also held discussions with NPCI to launch Apple Pay in the country.
Making regular, reoccurring payments will soon be a feature of Apple Cash. This will make the payment system useful for rent or allowances or other financial transactions that happen each week or month.
Plus, the system will be able to automatically bring in more money when needed.
A new Apple Pay Later service allows consumers to pay off purchases of under $1,000 in installments. No interest or fees are charged. And it’s not only for Apple products — the service can be used for any expensive item.
It begins rolling out on Tuesday with broad availability “in the coming months,” according to Apple.
Apple continues working on its long-rumored iPhone hardware subscription service despite hitting several roadblocks. The service was first rumored to launch in late 2022.
With a subscription service, Apple will allow customers to get the latest iPhone by paying a monthly fee. This would save them from shelling out the total device cost upfront.
Apple Pay Later reportedly has entered beta testing among Apple’s retail store employees, signaling that the “buy now, pay later” service is nearing public release.
The move comes months after Apple announced the financing option at its Worldwide Developers Conference last June.
Apple Pay is now handling over $6 trillion in transactions a year, according to new research. That means the iPhone’s wireless payment system is now bigger than MasterCard and Alipay.
Since its inception in 2014, analysts report that Apple Pay has slowly grown to the point where a large majority of iPhone users now have it activated.
Apple pledged Monday to donate $10 to the National Park Foundation (NPF) for many Apple Pay purchases. If you buy via Apple Pay on apple.com, in the Apple Store app or at a U.S. Apple Store through August 28, you’re helping national parks.
Cupertino said it’s a way to celebrate 106 years of the U.S. National Park Service. And you can also enjoy special content and collections on Apple Maps, Apple Podcasts and more.
Cupertino sent out a new summer-themed Apple Pay promotion Thursday with special deals on clothing, shoes, accessories and more. You can get up to 70% off items from GOAT and significant discount from a dozen other retailers. That means you can get the crazy-looking Yeezy 450 ‘Sulfur’ sneakers for $157 (regularly $200).
The discounts come from popular stores like Crocs, Ray-Ban, J.Crew, Lands’ End, Gymboree, Matt & Nat, The RealReal and others. Hit the links below.
The iPhone’s wireless payment system is more secure than credit cards, and Apple wants to make sure everyone knows it. That’s why the company created three short video ads to show off the advantages of Apple Pay.
Watch them now to learn more about the contactless payment system built into certain Apple devices.