What's New in Payments

Apple CEO: Mobile payments taking off more slowly than expected

Apple’s Tim Cook dishes on taxes and the demise of money — Cnet — “In October 2016, Cook said Apple was going to kill cash. But Tuesday, he sounded less sure that it would happen anytime soon. ‘I’m hoping that I’m still going to be alive to see the elimination of money,’ Cook said during the shareholder meeting. ‘Mobile payments have taken off slower than I personally would have thought if you asked me sitting here a few years ago.’”


What's New in Payments

Apple Pay to launch in Brazil ‘soon’

Apple Pay expanding to Brazil soon — MacRumors — “Apple Pay is set to expand to Brazil later this year, Apple CEO Tim Cook revealed in today’s first quarter earnings call. While Apple didn’t provide an exact date for the launch of Apple Pay in Brazil, Cook did say it would come soon… Apple Pay grew 50% year-over-year, and it is now accepted at more than half of all retail locations in the United States, and at two-thirds of the country’s top retailers. Global Apple Pay purchase volume was also up.”


US Senator asks Apple CEO to clarify Face ID privacy concerns

Sen Franken presses Apple to address privacy concerns over iPhone X’s ‘Face ID’ technology — Senator Al Franken — “Substantial questions remain about how Face ID will impact iPhone users’ privacy and security, and whether the technology will perform equally well on different groups of people. To offer clarity to the millions of Americans who use your products, I ask that you provide more information on how the company has processed these issues internally, as well as any additional steps that it intends to take to protect its users.”















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