Square Cash App for iOS adds Bitcoin support, company CFO vouches support for cryptocurrencies

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Date: Thursday, November 16th, 2017, 03:41
Category: Finance, iOS, News

Square Chief Financial Officer Sarah Friar wants to prove that cryptocurrency, especially Bitcoin, can be a genuine financial tool with the latest version of its Cash App for iOS now supporting the protocol.

“We’re a payment innovator. And therefore I think it behooves us to always know, where are our payments going?” Friar told “Mad Money” host Jim Cramer on Wednesday. “When we develop products at Square, we spend a lot of time listening to what our customers want, and what we heard from individuals – so this isn’t sellers asking to accept bitcoin, this is individuals using Square Cash to make payments… saying, ‘We want an easy way to buy and sell bitcoin.'”

Friar than added that the fastest way to understand a new product is to build products around them.

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Following tax investigation, Apple shelters billions in profits via Irish channels

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Date: Wednesday, November 8th, 2017, 03:32
Category: Finance, Legal, News

Apple has apparently found the mother of all tax shelter combinations.

Despite company CEO Tim Cook having stated that “We pay all the taxes we owe, every single dollar. We don’t depend on tax gimmicks, we don’t stash money on some Caribbean island” during a a United States Senate investigative subcommittee hearing in 2013, the company has apparently begun hoarding tax revenue through a connection in Ireland.

Within five months after Cook’s testimony, Irish officials began to crack down on the tax structure Apple was thought to be using. Apple had parked billions of dollars into multiple Irish jurisdictions before settling on the small island of Jersey, which typically does not tax corporate income.

In short, it seems that Apple has placed more than $128 billion in profits offshore, nearly all of these profits having been made since 2007 and the continued extraordinary success of the iPhone.

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Apple Pay Cash now available to try out in iOS 11.2 Public Beta

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Date: Wednesday, November 8th, 2017, 03:14
Category: Apple Pay Cash, Finance, iOS, News, Software

If you’ve looking to play around with Apple Pay Cash, now’s your chance.

Apple Pay Cash is now included in the iOS 11.2 public beta, which was released on Tuesday morning. Some developers running iOS 11.2 are also seeing Apple Pay Cash appear as an option in the Messages app this morning.

Since the beginning of October, Apple employees have been testing Apple Pay Cash in a special version of iOS 11.1 that allowed the feature to be enabled through an internal device certificate. The test was initially limited to corporate employees, but later expanded to retail employees. Apple Pay Cash did not end up shipping in iOS 11.1, but it is apparently ready for iOS 11.2.

The Apple Pay Cash feature is also incorporated into the Messages app and is designed for quick person-to-person money transfers, as seen with Square Cash or Venmo. Though most Apple Pay Cash coverage has focused on the iPhone, money can also be sent using an Apple Watch.

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Apple Pay expanded to Finland, Denmark, Sweden and United Arab Emirates

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Date: Wednesday, October 25th, 2017, 05:04
Category: Apple Pay, Finance, News, retail

Apple Pay has expanded to Finland, Denmark, Sweden, and the United Arab Emirates.

Debit and credit cards from participating banks can now be added to the Wallet app in each country and can be used to make purchases wherever NFC-based contactless payments are accepted. Apple Pay also works within apps and on the web in countries where Apple Pay is available.

Over in Denmark, the Jyske Bank (which only supports Visa debits cards) and Nordea are now supporting Apple Pay. For the Finnish and Swedish launches, Apple Pay can be used with debit and credit cards from Nordea and ST1. Edenred and N26 support will be coming soon to Finland, while Ticket Rikskuponger will support Apple Pay in Sweden in the near future.

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Apple Pay expands in Spain via CaixaBank, Italy under Widiba

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Date: Thursday, October 19th, 2017, 05:30
Category: Apple Pay, Finance, News

Apple Pay has now expanded in Spain.

Customers of the Spanish bank CaixaBank have been informed that the service is already live.

CaixaBank is one of Spain’s largest banks, with more than 6,000 branches serving 13.2 million customers. It’s the third company to offer Apple Pay support for its payment cards, after Santander and American Express.

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Apple expands Apple Pay Cash beta testing to employee base

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Date: Monday, October 16th, 2017, 05:21
Category: Apple Pay, Apple Pay Cash, Finance, iOS, News, Software, watchOS

Apple has reportedly expanded an internal test of its forthcoming Apple Pay Cash technology to include its retail employees, which suggests that it may be ready for public release in the near future.

Apple began rolling out the feature to retail employees today, asking workers to install the latest iOS 11.1 beta and a special device certificate in order to enable the P2P function. Employees taking part in the internal evaluation are required to whitelist iCloud accounts in order to use the service.

Signs of the expanded Apple Pay Cash test emerged last week when select corporate staff were granted access to the upcoming feature.

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Wells Fargo adds Apple Pay functionality to more than 5,000 ATMs across the U.S.

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Date: Wednesday, October 11th, 2017, 05:25
Category: Apple Pay, Finance, News

You can now use Apple Pay at more than 5,000 Wells Fargo ATMs throughout the United States.

The bank announced the technology on Tuesday, wherein customers can initiate an ATM transaction by holding their smartphone or wearable device with mobile payment functionality near an NFC-enabled ATM terminal and inputting their PIN.

Supported digital wallets include Apple Pay, Android Pay, Samsung Pay, and the bank’s own Wells Fargo Wallet for Android.

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Verizon reveals that all 3 billion existing Yahoo accounts were breached in 2013 attack

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Date: Wednesday, October 4th, 2017, 05:45
Category: Finance, Hack, News, security

If you had a Yahoo account in 2013, there’s a 100 percent chance that you were hacked.

Yahoo’s parent company has revealed that the massive data breach that occurred in August of 2013 affective all three billion Yahoo accounts that existed at the time.

Previously, Yahoo said the hack affected 1 billion accounts, or a third of all accounts. Verizon now says new intelligence suggests the attack was much larger, compromising all Yahoo accounts in 2013.

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Apple to hold Q4 2017 earnings call on November 2nd

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Date: Tuesday, October 3rd, 2017, 05:18
Category: Finance, News

Apple’s next financial earnings report is slated for November 2nd.

The company announced that it will hold its Q4 2017 earnings call on November 2nd with a call following shortly thereafter at 2PM PT/5PM ET.

Apple reported revenue of $45.5 billion last quarter on sales of 41 million iPhones, 11.4 million iPads, and 4.29 million Macs. The Q4 2017 earnings release will offer a first look at iPhone 8 sales and will see Apple share guidance for the holiday season. That guidance should be notable with the looming iPhone X release and the supply issues that plague it.

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Apple Pay expands to 22 additional U.S. institutions, available in more Russian, Chinese, U.K. banks

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Date: Wednesday, August 16th, 2017, 05:23
Category: Apple Pay, Finance, iOS, News

If you’re traveling in Russia, China or just looking for additional U.S. banks that support Apple Pay, you’ll like this.

In recent days, Apple added Australia’s Latitude Financial Services and RACQ to the roster of banks and institutions that support Apple Pay. In China, six institutions — Beijing Rural Commercial Bank, Haikou Rural Commercial Bank, Jiangsu Jiangnan Rural Commercial Bank, Jiangsu Jiangyin Rural, Commercial Bank, Shengjing Bank and Yunnan Rural Credit Cooperatives activated Apple Pay while Dahsing Bank in Hong Kong jumped on board with support for issued Mastercard and Visa credit cards.

Apple Pay also went live for a number of Russian institutions this month with Bank “Devon-Credit,” Credit Union “Payment Center” Ltd. (Mastercard Prepaid cards), Khlynov, Kuban Credit, Levoberezhny, Primsotcbank and Sovcombank activating Apple Pay within the past two weeks.

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