Chinese exec ri linguan11/2/2022 ![]() ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account “We want it always to look perfect and unblemished,” Bailey said. Apple recently warned consumers to keep the card away from other credit cards as well as some fabrics like leather and denim. The white credit card is sleek and simple - it doesn’t even have numbers on it.īut it may not be simple to keep the card looking pristine. The card is built into the iPhone’s Apple Wallet app, but there is an option to get a laser-etched titanium card too. ![]() Last month, the company launched the Apple Card, its first credit card. ![]() Tech leaders on changing how we talk about moneyĪpple must also grapple with what Bailey calls a “misperception” among some consumers that “paying with your physical card is more secure than actually paying with your mobile phone.” The truth, she adds, “is completely the opposite.” But Bailey admits “a lot of education” is still needed to help consumers understand that point.įor right now, Apple is looking to grow its footing in the financial market by embracing a physical card of its own. “One of the key areas where would like us to do more is actually in tipping,” Bailey said. Some point-of-sale systems have good tipping functionality, but certainly not all.Īpple is aware of the problem but doesn’t have an easy fix yet. By enabling people to stop carrying cash, services like Apple Pay have made it harder and less convenient for users to tip. “We see that happening in the US too, it’s still taking some time.”īailey also noted that it can be costly for businesses like gas stations to adopt new systems.Īt the same time, Apple Pay has had at least one unintended consequence. “When you go to Europe, they bring you a wireless terminal. While Apple is aiming for universal acceptance with Apple Pay, the United States has been slower to adopt contactless payments than other countries, according to Bailey. Since the launch in 2014, acceptance of contactless payments in stores has increased from 3% to over 70% in the US, according to Bailey. The company wouldn’t confirm how many people are currently using Apple Pay, but it processes nearly one billion transactions a month. Transform” the mobile payment market by offering a simple and secure way to make payments in apps and in brick-and-mortar stores. In typical Apple fashion, the company promised the service would ” “Given where Apple strategically is focused, a move into crypto could make sense given its sights on further monetizing its consumers over the coming years.”Īpple VP on why Apple Card is a game changerĪpple first got into mobile payments in 2014, after much anticipation, with the launch of Apple Pay. “This would be a major shot in the arm for crypto if Apple headed down this path,” Dan Ives, an analyst at Wedbush Securities, told CNN Business. And Square, the payment processing company, said earlier this year it was hiring crypto engineers. (FB) is expected to launch its own cryptocurrency, Libra, in 2020. Chinese exec ri linguan series#It’s part of an ongoing multi-city series that features discussions with transformative voices across the business and tech industries.Īpple’s interest in crypto follows similar consideration from a growing number of tech companies. We think it has interesting long-term potential.”īailey touched on the trend as part of a discussion about the future of payment and the role of Apple Pay and Apple Card at CNN Business’ event series, The Table. “We’re watching cryptocurrency,” Jennifer Bailey, vice president of Apple Pay, recently told CNN’s Chief Business Correspondent Christine Romans at a private event in San Francisco. ![]() Apple may not be fully on the crypto bandwagon like other tech companies, but it is keeping an eye on digital currency. ![]()
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