“Elon Musk’s X said it has struck a deal with Visa, the largest U.S. credit card network, to be the first partner for what it is calling the X Money Account. Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like with Zelle…
Tag: digital wallet
Banks Take Another Bite At The Apple With EWS Wallet
“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…
Apple is reportedly working on a pay later feature for Apple Pay
“According to Bloomberg, the company is working with Goldman Sachs on a service called ‘Apple Pay Later’ that will allow those with its devices to settle purchases over time, including ones they make at physical shops. When using the service, the outlet says you’ll have two ways of paying for your purchase. If you pick…
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…