“The most significant danger to enabling such a transition is not Apple or Paypal but Plaid. The emergence of open banking and the drive for banks to expose consumer data to authorized parties enabled a whole new breed of companies. These companies can leverage bank APIs and existing ACH or RTP functionality to verify that…
Tag: Apple Pay
Apple enters the BNPL market as regulation, competition intensify
“During its WWDC speech, Apple announced a new service called Apple Pay Later that will allow consumers to make mobile and online purchases sliced into four payments over six weeks at the millions of U.S. retailers that already accept Apple Pay. The offering won’t include fees or other charges, the company said, requiring only a…
Apple Pay Was Not Disruptive But Apple ID Will Be
“Apple has recently registered a number of patent claims across the general field of “verified claims of identity” which have quite rightly attracted some attention. In July, they filed an application with the U.S. Patent & Trademark Office that describes the technology it is trying to develop to replace traditional driver’s licenses, passports and varied…