Apple Pay

Apple on Monday announced the new “Apple Pay Later” service, which will let iOS users pay in installments through an option in the Wallet app. Now, according to a Bloomberg report, Apple will handle the lending on its own without a partner bank.

We first learned about plans for Apple Pay Later almost a year before the company announced the new installment payment plan at WWDC. While no interest or fees are charged, a report today says that Apple will still make money from the service.

A business school academic has also warned consumers to be cautious about using the option …

Among today’s iOS 16 announcements is Apple Pay Later, a way to let you pay in installments simply by choosing the option in the Wallet app when you make payment.

You can pay in four equal installments, and get up to six weeks interest-free …

Earlier this year, 9to5Mac discovered that Apple had been working to rebrand iTunes Pass as “Apple Account Card” in the Wallet app with iOS 15.5. Although there was no mention of this feature in the official release notes for iOS 15.5, the Apple Account Card is now live and available to users running the latest version of the operating system.

Update: Apple says the issue has now been resolved.

Apple Card – Resolved Issue. Some users may have experienced delays in receiving transaction notifications.

Apple recently released iOS 15.5 with some new features and improvements. However, it seems that the update has been causing some problems for users when it comes to the Wallet app. More specifically, there have been complaints about the app not showing the latest Apple Card and Apple Pay transactions.

If you thought using Apple Pay was easy, a Mastercard Biometric Checkout Program will let you pay simply by smiling at the payment terminal.

The company says that the initiative will be rolled out globally, starting with trials in Brazil …

The newest Apple Pay promotion has been announced with the latest deals including up to 25% off popular retailers like Fila, Billabong, Quicksilver, Roxy, RVCA, Pacsun, and more. Read on for all the details.

The European Union shared a Statement of Objections earlier today in which it criticizes how Apple restricts the NFC technology on the iPhone to its own payments platform. Now a report from Bloomberg reveals that PayPal was one of the companies that supported the EU’s antitrust complaints against Apple Pay.

Apple’s antitrust mess keeps getting worse, with today’s Apple Pay announcement as the latest example. The company is now under fire on so many flanks in so many countries that it spends half its PR life trying to defend its stance – and legislation is ultimately going to force it to change anyway.

To me, the most baffling thing about the company’s stubbornness on this issue is that the mess could so easily be resolved, and my bet is that it wouldn’t even cost the company much money.

Apple Pay in Russia was last month suspended by the Cupertino company as one of a range of sanctions against the country for its invasion of Ukraine. A class action lawsuit has now been filed against Apple, arguing that Russian consumers have been harmed by losing access to the electronic wallet service.

Russian citizens who have been affected by the withdrawal of Apple Pay in the country are being invited to join the case …

Outages in Apple’s online services are not unusual, but this one is rather peculiar. Some users may not be able to add their Mastercard credit and debit cards to Apple Pay on Wednesday, according to Apple. The company says there’s an ongoing outage in its payment system, but it seems to only affect Mastercard users.

If you checked your Wallet app today, you might have noticed that it features a notification badge there – this is because Apple Pay is upgrading fraud prevention features for some cards. Here’s what we know so far about this function.

In a recent email to Apple Pay customers, there are new promotions when using the service while ordering food online. Through April 25, when ordering ahead at Jimmy John’s and Panera Bread, those using Apple Pay can receive exclusive offers on their meals. 

Apple today released the second beta of iOS 15.5 to developers, and while the update doesn’t bring any significant new features, it does hint at some changes Apple has been working on under the hood. Code analyzed by 9to5Mac shows that Apple Pay will soon support Bancomat and Bancontact networks.

With Earth Day coming later next week, Apple is once again promoting an interesting campaign. From now until April 22, the company will donate $1 to the World Wildlife Fund for every Apple Pay transaction made in Apple Stores, through the Apple Store app, or on its website.

Piper Sandler just shared its 43rd semi-annual Generation Z survey with 7,100 US teens. It shows that Apple Pay dominates teens’ favorite payment apps, while iPhone and AirPods are an important part of their daily lives.

At the end of February, Apple announced it was suspending Apple Pay in Russia due to the war against Ukraine. While Visa and Mastercard cards were made immediately unavailable, the Russian Mir card was still working with Apple’s own payment service, but not anymore.

At the beginning of the year, Apple teased Apple Pay availability in Argentina, Peru, and Chile as “coming soon.” Now, Apple’s payment system is finally available in Argentina and Peru.