So right away, the answer to my headline is “probably not.” The article I’m linking to says language of digital dollars was removed from the final version of the stimulus package. But I think it’s worthwhile to think about.
The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or … an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’
Now may not be the time to introduce entirely new technologies, especially if they slow the release of the package. But I personally like the idea, although I don’t advocate for a completely cashless society as I’ve mentioned before.
France’s competition authority is fining Apple, saying the company engaged in anti-competitive behavior in its distribution and sales network.
We’ve found five Mint alternatives if you want an app to manage your finances, or you’re a Mint user and you’re looking for something new.
Financial services giant Inuit, which has products like TurboTax and Mint, is close to a deal to buy Credit Karma for US$7 billion.
There is a potentially significant business opportunity for Intuit if it completes a deal. For example, Intuit could try to match all the tax data its TurboTax customers provide with the credit-scoring data that Credit Karma holds.
That could let Intuit serve up better customer prospects to credit card issuers — and eventually let Intuit charge lenders more for access to its hoard of data.
Yodlee is the biggest financial data broker in the U.S., and it routinely sells your credit card data to investment and research firms.
The Yodlee document describes in detail what type of data its clients gain access to, how the company manages that data across its infrastructure, and the specific measures Yodlee takes to try and anonymize its dataset…Once logged into Yodlee’s server, clients download the data as a large text file, rather than interacting with the data in a dashboard or interface that stays solely within Yodlee’s control, according to the document.
By 2025 Apple Pay could account for 10% of global card transactions. Currently the service accounts for 5%.
Apple Card now supports the ability to export financial transactions to Open Financial Exchange (OFX). This is what apps like Mint support.
Apple Card iPhone financing is here for unlocked iPhones but the fine print says you’ll still need an account with one of the major carriers.
Curve is an app that gives you a prepaid Mastercard that you can load on demand, and it just added support for Apple Pay.
At first Apple Card was locked down from money management apps, but there’s now a middle ground: Export Apple Card data to a spreadsheet.
A report from Consumer Intelligence Research Partners (CIRP) shows that the iPhone 11/Pro/Pro Max dominated sales for Q4 2019.
During an earnings call for Goldman Sachs, chief financial officer Stephen Scherr reiterated his bank’s control over Apple Card.
Ireland’s Prime Minister Leo Varadkar is presenting an award to Tim Cook to recognize Apple’s 40 years of investment in the country.
On Monday the IRS announced changes to its deal with the tax filing industry. For years the agency was prohibited from creating its own free tax filing system, like other countries do. In exchange for not competing, the tax industry promised to make free versions of its software if you make below a certain amount of income. But companies like Intuit and H&R Block added code to their web pages to make it harder for their free products to appear on Google. But now it all changes.
“The improved process will make Free File stronger and give taxpayers another reason to consider this valuable software option,” IRS Commissioner Chuck Rettig said in a statement. The agency hopes the changes will make the free option more accessible for taxpayers in the 2020 filing season, he said.
Oil giant Saudi Aramco recently had the world’s biggest IPO of US$25.6 billion. At that level it has a market valuation of US$1.7 trillion, beating Apple to become the world’s most valuable company.
Aramco did not say when shares would start trading on the Saudi stock market but two sources said it was scheduled for Dec. 11.
Saudi Arabia relied on domestic and regional investors to sell a 1.5% stake after lukewarm interest from abroad, even at the reduced valuation of $1.7 trillion.
Goldman Sachs tweeted today that credit bureaus are starting to add the Apple Card to their credit reports, starting with TransUnion.
In that “tax dodging” is using illegal means to avoid paying taxes, it’s not properly applied to Apple, a company that has long used international law to structure its business in order to pay the least taxes it—legally—can.
Apple is treating Apple Card as a service, not just a physical product, and will continue to add merchants to its 3% Daily Cash program.
Nike joins other companies in offering 3% cash back to customers who use the Apple Card on any of the company’s retail platforms.
Apple Pay Belarus begins its rollout starting with BPS-Sberbank, one of the oldest and biggest banks in the Republic of Belarus.