Apple to launch ‘credit card paired with iPhone’

Apple, Goldman Sachs team up on credit card paired with iPhone — The Wall Street Journal — “The card will be rolled out to employees for testing in the next few weeks and officially launch later this year, according to people familiar with the matter. The companies hope to lure cardholders by offering them extra features on Apple’s Wallet app, which will let them set spending goals, track their rewards and manage their balances, the people said.”


Analysts: 43% of iPhone users have now enabled Apple Pay

Apple Pay adoption continues to climb — Loup Ventures — “We estimate, based on our survey work as well as the growth in transactions, countries, locations, and banks, that 43% of global iPhone users have enabled Apple Pay. This is up from 36% in Sep-18 and 20% in Dec-17. That implies there are currently 383m Apple Pay users, up 21% sequentially and 135% y/y… We estimate that 24% of US iPhone users have used Apple Pay vs 47% of international users.”


Apple Pay goes live in Saudi Arabia and Czech Republic

Apple Pay rolling out in Czech Republic and Saudi Arabia — MacRumors — “In Czech Republic, users have so far reported successfully adding cards to their mobile wallets from Air Bank, Moneta Money Bank, Ceska Sporitelna, and payments company Twisto. .. In Saudi Arabia, Apple’s regional Apple Pay website has gone live and lists Visa and Mastercard support for Al Rajhi Bank, NCB, Mada, Riyad Bank, Alinma Bank, and Bank Aljazira.”



Tesco lets customers use Siri to check their bank balance

‘How do you want to check your balance?’ Tesco Bank lets customers use Apple’s Siri to check their balance — Tesco Bank — “Tesco Bank has today announced changes to its mobile banking app, which will enable iPhone customers to check account balances using Apple’s Siri functionality… To use our new Siri feature within the mobile banking app, customers should first ensure the functionality is enabled on their device. Customers can then turn on Siri within the app by visiting the settings menu.”









Lydia lets friends make NFC payments from shared expense accounts

Lydia launches shared accounts for its mobile payment app — Techcrunch — “When you create a shared account, each user can top up the account using other Lydia sub-accounts, a traditional bank account that you have already connected to the app or a debit card… Once the account is up and running, anybody can spend money. You can generate a virtual card, add it to Apple Pay, Google Pay or Samsung Pay, and associate it with the shared account. If you’re on a ski trip and buying raclette cheese for your group of friends, you can then pay with your phone and debit the shared account.”


MTS to roll out open loop ticketing on buses and trains in San Diego

MTS partners with Init for account-based fare system in San Diego — Init SE — “Init will deliver about 900 fare validators for use on MTS buses and at rail station platforms. The validators will accept closed-loop payments such as an MTS-branded smartcard and be capable of accepting open payments such as bank-issued debit/credit cards and mobile wallets using Google Pay, Apple Pay or Samsung Pay.”


Apple reports growth in US Apple Pay acceptance

Apple Pay coming to Target, Taco Bell and more top US retail locations — Apple — “Target, Taco Bell, Hy-Vee supermarkets in the Midwest, Speedway convenience stores and Jack in the Box are the latest merchants to support Apple Pay… With the addition of these national retailers, 74 of the top 100 merchants in the US and 65% of all retail locations across the country will support Apple Pay.”


US credit unions report increase in mobile payment transaction volumes

Debit card study offered by Co-Op Financial Services highlights debit trends to watch in 2019 — Co-Op Financial Services — “A total of 55% of survey respondents have experienced increases in the number of debit cards enrolled in a mobile wallet like Apple Pay, Google Pay or Samsung Pay. Also, 53% have experienced increases in the number of debit cards transactions coming from the mobile wallet channel.”


TD Ameritrade leverages Apple Pay to let share buyers use debit cards to instantly fund their brokerage accounts

Industry first: TD Ameritrade enables investors to instantly fund brokerage accounts using Apple Pay — TD Ameritrade — “TD Ameritrade announced an industry first today: The ability for individual investors to instantly fund a brokerage account with Apple Pay through Apple Business Chat in the Messages app on iPhone and iPad. Historically, to fund brokerage accounts, investors have had to endure a multi-day waiting period while funds were verified or manage a complicated wire transfer… Using a debit card, customers can deposit up to US$10,000 per day through Apple Pay.”


Apple Pay set to go live in Czech Republic and Slovakia?

Apple Pay expected to launch in Czech Republic and Slovakia in late February to early March — MacRumors — “Apple Pay will launch in the Czech Republic and Slovakia in late February to early March, according to Seznam Zprávy and Živé… Czech Republic’s two largest banks Česká Spořitelna and Komerční Banka, along with mBank, Moneta, and Air Bank, will reportedly be among the first financial institutions to offer Apple Pay to customers in the Czech Republic. Equa Bank and Banka Creditas may follow suit within the first half of the year.”




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