What's New in Payments

TD Ameritrade leverages Apple Pay to let share buyers use debit cards to instantly fund their brokerage accounts

Industry first: TD Ameritrade enables investors to instantly fund brokerage accounts using Apple Pay — TD Ameritrade — “TD Ameritrade announced an industry first today: The ability for individual investors to instantly fund a brokerage account with Apple Pay through Apple Business Chat in the Messages app on iPhone and iPad. Historically, to fund brokerage accounts, investors have had to endure a multi-day waiting period while funds were verified or manage a complicated wire transfer… Using a debit card, customers can deposit up to US$10,000 per day through Apple Pay.”




What's New in Payments

German savings banks press Apple to open up its NFC chip

Mobile payment: Sparkassen wants iPhone NFC, but no Apple Pay — Heise Online (translation) — “Apple must open the NFC transmission standard to other payment services, the savings bank association has demanded… Sparkasse offers its own mobile payment app, which until now has only been available for Android devices due to Apple’s NFC blockade. ‘Ultimately, smartphone payments should be possible on all devices, without technical hurdles and restrictions, so that customers can easily choose the right solution for them,’ the association argues.”




What's New in Payments

EU antitrust chief ‘could review’ Apple Pay

EU’s Vestager may investigate Apple Pay if there are formal complaints — Reuters — “EU regulators looked into Apple’s mobile payment service and found it was not market-dominant but they could review it again if they receive formal complaints, Europe’s antitrust chief said on Monday… Critics say that an NFC chip embedded in the Apple iPhone means that Apple Pay is automatically selected when an iPhone user pays for goods and services, barring rival payment methods.”



NFC World

Tory Burch unveils smartwatch with NFC payments support

Tory Burch launches its Classic Gigi as the brand’s first touchscreen smartwatch — Tory Burch — “This new piece is a state-of-the-art smartwatch that balances fashion and function with features that include heart-rate tracking, swimproof functionality, payment methods, untethered GPS and more… Powered with Wear OS by Google and Qualcomm Snapdragon Wear 2100 SoC, the new ToryTrack Gigi Touchscreen Smartwatch is compatible with both iPhone and Android phones.”







NFC World

Apple goes live with NFC student IDs at three universities

Apple adds support for contactless student ID cards in Wallet — Apple — “Starting today, students at three universities are among the first to enjoy the convenience of using just their iPhone and Apple Watch to get around on and off campus. At Duke University and the Universities of Alabama and Oklahoma, students can now add their ID card to Apple Wallet and use it to pay quickly and easily for laundry, coffee or lunch, and even get into their dorms, the gym or the school library… Johns Hopkins, Santa Clara and Temple universities will bring the capability by the end of this school year.”




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