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Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other hardware. In the deal, news of which broke as the weekend began, the Cupertino, Calif.-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal.

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Apple Is Facing a Class-action Lawsuit That Alleges an iTunes Gift Card Scam Has Swindled $1 Billion From Customers, With $300 Million of That Landing in the Company’s Pockets (AAPL)

Seven customers have filed a class-action lawsuit against Apple, accusing the company of allowing an iTunes gift card scam to swindle almost $1 billion from people, per a Patently Apple report. The complaint, filed Friday, also pushes back against the company’s claims that the funds are irretrievable.

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Apple Is Suffocating Mobile-payment Rivals

Apple Is Suffocating Mobile-payment Rivals

When it comes to mobile wallets, Apple is the $1 trillion elephant in the room. The iPhone maker controls about half of the US smartphone market and around 10% worldwide. A recent survey showed that more than 80% of US teens have an iPhone. Every one of those devices comes pre-installed with Apple Pay, the […]

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Apple Sued by App Makers Alleging App Store Breaks Antitrust Law

Apple Sued by App Makers Alleging App Store Breaks Antitrust Law

The developers behind a basketball workout and a baby naming app are taking Apple to court and the timing could not be more awkward for the iPhone maker.

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High Court Deals Apple a Sharp Setback

High Court Deals Apple a Sharp Setback

in a major legal setback for apple the US Supreme Court on Monday gave the green light for a sweeping anti trust lawsuit against the tech giant to move ahead apple shares fell about five percent after the High Court in a five four ruling upheld the lower court’s decision allowing the class action suit […]

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Amazon Is Reportedly Looking to Challenge Apple With Its Own Mobile Payments Within Stores

Amazon Is Reportedly Looking to Challenge Apple With Its Own Mobile Payments Within Stores

Amazon has been quietly working to get brick-and-mortar retailers to adopt its mobile payment system for in-store purchases, The Wall Street Journal reports.

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Thieves Are Using Apple IDs to Steal Money, Chinese Payment Firms Say

Thieves Are Using Apple IDs to Steal Money, Chinese Payment Firms Say

China’s two largest digital payments services, Alipay and WeChat Pay, have warned that thieves are using compromised Apple IDs to make purchases with people’s accounts. Alipay posted a warning offering security tips about Apple phones, which said that it had contacted Apple many times with hope of solving the issue, according .

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Apple Is Becoming a Formidable Fintech Company

Apple Is Becoming a Formidable Fintech Company

A growing anxiety for bank executives is how and when big tech companies will encroach on their turf. During its quarterly earnings call yesterday, Apple CEO Tim Cook gave some insight into the company’s progress in becoming something of a fintech player: Apple Pay transactions tripled from a year earlier, to more than 1 billion.

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