EU Launches Probes of App Store, Apple Pay
The European Commission will look into the two Apple services to determine whether they stifle competition.
U.S. Banks Are Late to Contactless Card Party
American banks, as well as retailers and consumers, would benefit from greater issuance of contactless cards, which are in much wider use abroad.
J.C. Penney Names New CFO
The hiring of Jeffrey Davis, former finance chief at Darden Restaurants, comes in the wake of Edward Record's resignation earlier this month.
Apple to Launch Peer-to-Peer Payment Service
The enhancement to Apple Pay will compete with PayPal's Venmo, a leader in the growing peer-to-peer payments market.
Making the Connection
In the long run, the future of mobile payments seems bright. But near-term obstacles must be cleared first.
Fraudsters Infiltrating Apple Pay Verification Process
Fraudsters are posing as legitimate customers of a bank asking for permission to use a card issued by that bank in Apple Pay.
Western Union Offers Apple Pay Transfers
Consumers transferring money will be able to use the mobile wallet at Western Union stores and kiosks.