According to a report from Recode, Apple has recently held discussions with partners in the payments industry about a service that would allow iPhone owners to send money to other iPhone owners. One source told Recode that the company plans to announce the service by the end of the year.
The issue with peer-to-peer payment apps in general is that it's hard to make money off of them. These cards would be tied to the service, giving iPhone owners a physical product as well as a digital one.
Apple may be the next company to provide a money-transfer service. At the moment, the timeline for the program is still fluid, as the program could potentially launch this year.
In addition to the payment service, Recode has also learned that Apple talking to Visa about creating pre-paid cards that would run on Visa's debit network.
Venmo alone, a popular choice for the millennials, processed $17.6 billion in transfers last year, continuing the trend of doubling the amount year over year. This would put Apple in a position to compete with existing services like Venmo or Square Cash. It is now the most widely accepted mobile payment system in terms of support by USA retailers and enjoys wide acceptance globally among banks and financial institutions. Apple Pay works at supported retailers that accepts contactless payments in fifteen countries, including the United States and China.
Apple has been rumored to be working on a peer-to-peer, Venmo-competitor money transfer app since 2015. The Wall Street Journal reported Apple analyst Gene Munster estimates Apple Pay saw around $36 billion in transactions during 2016. Would it use rewards program to encourage them to use it and ditch their debit card?
The centrist independent candidate Emmanuel Macron urged France not to succumb to the fear that extremists seek to spread. She said in a CNN interview after the US election in November that Trump's unexpected win could boost her own chances.
BlackBerry's latest smartphone has finally launched in the United Kingdom , although it's not easy to get your hands on one. After a long wait, TCL has finally announced the launch date for the BlackBerry KeyOne for the U.S. and Canada markets.
And if you have guessed it, both " Final Fantasy VII Remake " and " Kingdom Hearts 3 " have been placed in "FY 2018 and beyond". The talks regarding " Kingdom Hearts 3's release date began when the company's investor document has been shared in NeoGaf ".
Meanwhile, US senators have arrived in Washington for an extraordinary briefing on the threat posed by North Korea. North Korea's growing nuclear and missile threat is perhaps the most serious security challenge confronting U.S.
Semaj was last seen wearing a gray, long-sleeve shirt with a cat face; and blue jeans, according to the sheriff's office. Ackerson said nothing investigators had learned indicates that the girl did not wander off on her own.
However, US lumber companies are satisfied with the decision, following Trump's pledge to put America first. If confirmed, the tariffs would then have to be approved by the US International Trade Commission (USITC).
More than 90 percent of passengers bumped from a flight on a major U.S. airline a year ago volunteered, according to the U.S. Normally, when trying to rectify an overbooked flight, airlines offer passengers sums of money before they board the plane.
The inaugural NBA Awards on TNT will take place on Monday, June 26, at Basketball City at New York City's Pier 36 at 9 p.m. Rapper Drake has been announced as the host of the first-ever NBA Awards on TNT .
Mets push back Syndergaard, start Gsellman vs. Braves
Cespedes left last Thursday's loss to Philadelphia with a cramp in his left hamstring and returned to the lineup Wednesday. Cespedes pulled up lame after rounding first base on a one-hop double in the bottom of the fourth inning.
Featured Stock Overview: Intel Corporation
Heading into the earnings release, covering analysts have a consensus target price of $39.97 on Intel Corporation shares. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
Sony Cuts Ties with Dr. Luke
Luke claimed it was Kesha who owed him $1.3 million in unpaid royalties, and failed to provide notice and a 30-day cure period. Luke and Sony Music have made any official comments regarding the recent termination of Gottwald's relationship with Sony .
Aaron Hernandez's Connecticut hometown prepares for funeral
Kennedy has now been placed on suicide watch while his lawyer is currently processing a request for him to see one of the letters. Family members and close friends gathered for an invite-only private funeral in Hernandez's hometown of Bristol, Conn. on Monday.
It's being used by police to try to expose who murdered her.
Prosecutors say her husband's alibi that a masked intruder attacked him first and then went after his wife just doesn't add up. Now Connecticut authorities have charged Mr Dabate with murder, tampering with physical evidence and making false statements.
Braves Fans Share Excitement About New SunTrust Park
Brandon Phillips and Adonis Garcia gave the Braves the lead with back-to-back home runs, giving Atlanta a 4-2 advantage. Chapman got his third save on the season. "The thing was dancing around pretty good", Braves manager Brian Snitker said.
Dale Earnhardt Jr. announces retirement
The weight of the NASCAR world was thrown onto the young driver in 2001 when his father was tragically killed in the Daytona 500. Hendrick Motorsports announced Tuesday morning that Dale Earnhardt Jr . will retire from NASCAR at the end of the 2017 season.
Dodgers bring up top prospect Cody Bellinger
The Los Angeles Dodgers announced that one of the top power-hitting prospects in baseball will be making his way to the majors. In Triple-A and obviously up here, the ball moves and it's not going to be a straight heater all the time.