A bill payment app called doxo is adding the ability to pay bills with Apple Pay. With doxo you already have a single account from which to pay your bills. With Apple Pay you now have a safe, secure way to pay them. Steve Shivers, doxo CEO, said:
This is just one of many steps we’re taking on our mission to greatly simplify and reduce the hassle of bill pay for our millions of users, and thereby bring new benefits to the billers on doxo.
Elizabeth Brico writes how privacy might be turning into a luxury, and how poor people can’t afford the legal costs if their identity is stolen because of all the data breaches.
For her part, Gilman argued that many times, names and addresses can be enough to commit the types of identity fraud she has helped her low-income clients battle. “It can cost time and money to clean up the effects of identity theft because low income people are already living on the economic margins, any loss of funds can be catastrophic,” she said. “You have less privacy as a poor person,” Muentz added. “Privacy is becoming a luxury.”
PayPal Instant Transfer is launching in the United States. It lets people instantly transfer money from PayPal to their bank.
Apple has US$245 of gross cash and other things like long-term securities. It has US$115 billion in long-term debt. This makes its net cash position US$130 billion, and Apple CFO Luca Maestri has said eventually the company wants to have a net cash neutral position. Tiernan Ray writes about issues that may arise because of this.
Come 2023, will investors balk at an Apple suddenly less generous with its capital returns? And if Apple puts off that day as much as possible, plodding along with no significant increase in capital returns, will it lose the support of those fickle buyers hungry for shares with meaningful dividend buyback increases every year?
John Martellaro and Charlotte Henry join host Kelly Guimont to discuss Apple Watch popularity and the future of Apple’s (financial) services.
Wall Street was surprised when Apple chose to partner with Goldman Sachs. According to a new article by WSJ, other financial institutions like Citigroup and JPMorgan Chase offered their services to Apple as well.
Goldman can’t do it on its own either. It is new to consumer banking, having spent most of its 150-year history catering to big companies and billionaires. Without branches, it needs other ways to find customers for its online savings and lending business. Apple, too, needs new engines of growth as iPhone sales slow.
Apple Pay is rolling out to customers in Saudi Arabia and the Czech Republic. Multiple people have been seeing it.
Aside from French banks adding support, Apple updated its list to reflect the addition of over 20 more banks.
The U.S. bank list is now so long that Apple has introduced alphabetical sub-sections to make it easier to find your bank on the list. Other new entries added to the most recently updated list include Qpay in Australia; HSBC in France; Surgutneftegasbank in Russia; Banco Mediolanum in Spain; Concord bank and UkrSibbank in Ukraine; and N26 in the UK.
John Detrixhe argues that Apple should release its own debit card to prepare for the wave of contactless cards.
But consumers typically avoid moving their financial accounts and tend to be faithful, even when they dislike the service. An Apple debit card is a chance for the Silicon Valley-based company to give customers what they want—for God’s sake—before someone else does.
I’m not sure I’m sold on this idea. For a debit card maybe Apple could work with the bank it uses for device financing. I think what would be nice though is for Apple Pay Cash to work more like its own bank.
We’ve heard the 50 million figure before but that included both paid users and people using the Apple Music trial.
Private tax companies don’t want you to know this, but if your income is below US$66,000 the IRS offers free tax filing software. If your income is above US$66,000 you can still file for free, but you’ll have to do it manually with fillable forms. However, thanks to the long government shutdown this year, tax returns will end up being late.
Mastercard announced a new policy for merchants who keep your card information after you sign up with a free trial.
Michael Grothaus writes about five ways to improve Apple services, a drum that Tim Cook has been beating for the past couple years.
The problem for Apple is that the iPhone is such a large part of its business. If the company is going to continue to grow, what product could step up to take the place of lagging smartphone sales?
I’ll paraphrase Kelly Guimont’s comment on a recent episode of Daily Observations. If Apple truly wanted to be a services company, it should have been improving services all along. Don’t wait until the last minute when the iPhone puts you into panic mode.
Despite lagging iPhone sales, Apple’s services business is booming.
I recently started using Chronicle for bill reminders and I’m glad I found it. The app gives you a calendar view, along with a list of bills that you enter. Name the bill, add a category, amount, and due date, and forget about it. Plus, Chronicle syncs with the available Mac version via iCloud, so you can view and pay your bills everywhere. In addition to reminding you to pay your bills, Chronicle keeps track of all your payment history, including confirmation numbers, so you always have proof of payments. New to Chronicle is the Pro version. Available as an in-app purchase, Chronicle Pro gives you access to all new features of Chronicle as they are updated. Chronicle Pro is US$3.99/year and gives you features like Amount to Save, Intelligent Estimated Amount Due, and Forecast View. App Store: Free (Offers In-App Purchases)
I’ve talked a lot about Privacy.com lately, but that’s because I think it’s such a good service. I’ve been using it for about two years. When you link your bank account to the app, you can generate unlimited virtual cards to use. You won’t have to worry about your credit card number getting leaked in a data breach anymore. When you create a card there are several configurations to use. You can create a one-time use burner card. You can lock a card to a specific merchant, and it can’t be used anywhere else. You can pause or cancel cards at any time. You can set a maximum charge for cards as well. Privacy.com is free too, because the company makes money from merchants just like traditional debit/credit cards.
The addition of these two countries makes the total number of Apple Pay countries 31.
Colluding banks may. have been the reason for the slow adoption of Apple Pay Switzerland. A probe has been opened to examine the matter.
Here’s how to manage your Apple Pay billing and shipping address.
Finisar, an Apple Face ID supplier that makes laser scanners, has been acquired by optical system producer II-VI, Inc. worth US$3.2 billion.