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Apple Card And The FinTech, TechFin Conundrum

PYMNTS

You can set it as the default card, and use it for in-store purchases on iPhone and online purchases on Apple Watch, iPhone, iPad and Mac.”. “We We just have their word on it, but I am assuming it to be true,” said Vaduvur Bharghavan, president and CEO of Ondot Systems , a card services provider. On Wednesday (Oct.

FinTech 42
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

Swipe fees alone are a $90B-a-year business for banks, card networks like Visa, and payment processors like Stripe. The company announced it would pass on the special card savings Amazon gets from card networks (because of the volume of purchases they can guarantee) to retailers that adopt Amazon Pay.