Published iPhone Source Code Is The 'Biggest Leak In History'
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Apple Inc. (AAPL) Could Kill Venmo With Money Transfer Service "Apple Cash"
28 April 2017, 12:57 | Ricardo Garza
Apple is working on a service that could compete with Venmo
The new peer-to-peer payment service, which could be coming later this year, would reportedly allow iPhone owners to send cash digitally to other iPhone owners.
The article cites sources familiar with the company's plans, but offers conflicting reports; one source says a formal announcement can be expected later this year, while another says the launch is still up in the air. PayPal'sVenmo followed with $17.6 billion in transactions. Apple could wait and launch the feature at a later date, or scrap the idea entirely of course.
Financial institutions, however, are anxious such a move would bolster Apple Pay at the expense of their own credit and debit cards, as the company could easily give priority to its payment method within the app while downplaying everything else. This would put Apple in a position to compete with existing services like Venmo or Square Cash.
Apple Pay usage has been lighter-than-expected since its launch two and a half years ago, the website reported, citing sources from big USA banks. That way, users would be able to add the pre-paid cards to their digital wallets and use them as a regular credit card while potentially boosting Apple Pay usage.
PayPal reported first-quarter results yesterday, and said Venmo total payments volume (TPV) more than doubled year over year to $6.8 billion as the service continues to gain momentum. That's because it eliminates the need to enter in information like card numbers and shipping addresses that can be a cumbersome task on the small screens of mobile phones.
If money transfers through Apple Pay are indeed back on again, it could prove to be a massive boon to the company's platform.
While still a rumor, an Apple service that let you send money to friends could be a nice compliment to Apple Pay.
ReCode is a solid source too. It isn't clear if the prepaid Apple debit card would only be accepted at places that take Apple Pay (although that seems likely).
There is a chance that banks' fears may be overblown, however.
US Navy clashes again with Iranian vessel
Navy destroyer had another close encounter with an Iranian Revolutionary Guard "fast attack craft" in the Persian Gulf Monday. The incident happened on Monday but has only just been reported by United States officials.
Twitter to show all-day live sports and news
Focus in on it when you hear something that's of interest, but then maybe not be 100% focused on it when it's not of interest. Thus, the company is also considering adding more sports content like highlights shows (like The Rally ) and UFC coverage.
'Unbreakable'-'Split' sequel announced by M. Night Shyamalan
Willis also made a surprise cameo during the twist ending of Split , suddenly linking two films that initially appeared unrelated. The news came on the same day Ridley Scott revealed he has a script to bring Russell Crowe' s Gladiator hero back to lfe.
Uber takes to the skies with next ride-hailing project
And Chargepoint , the largest operator of electric-vehicle charging stations, will figure out how to top off the batteries. Uber also is working with real estate companies in Texas and Dubai to build landing pads for its network of flying cars.
Senate confirms Perdue as ag secretary
He also promised to reach out to Democrats, and several Democratic senators have said they will vote for him, according to the AP. The vote makes Perdue among the last members of Trump's cabinet to be confirmed, though many other senior vacancies remain.
Former 'Bachelor' Star Finally Appears in Front of a Judge
The crash sent the tractor into a ditch on one side of the road and Soules' truck into a ditch on the other side, the patrol said. Due to the nature of the pending charges, neither Soules nor his counsel will be making any statements at this time.