At a Wall Street Journal conference in California on October 28, Apple CEO Tim Cook revealed that over one million credit cards were activated in the Apple Pay service within just 72 hours of its debut. In order for it to work, users of Apple Pay either manually enter their credit card account information into their phones or simply take a photo of the card.
Month: October 2014
The Race Is On: Comparing Apple Pay and PayPal
Comparing Apple Pay and PayPal. That is what a lot of consumers interested in ditching the plastic in their wallets will be doing now that PayPal has made it clear that it’s going to make a play for the growing mobile payments market. For well over a decade now it has been impossible to think… Continue reading The Race Is On: Comparing Apple Pay and PayPal
Consumer Financial Protection Bureau Under Fire For Mismanagement, Discrimination
When it was first established as part of the sweeping Dodd-Frank bill in 2010 the Consumer Financial Protection Bureau (CFPB) was envisioned as something of a white knight – a good guy with some muscle that could help protect American consumers from too powerful Wall Street bankers. But if recent allegations by CFPB employees that… Continue reading Consumer Financial Protection Bureau Under Fire For Mismanagement, Discrimination
Get Financially Fit by Avoiding Rising Overdraft and ATM Fees
Have you ever made a $20 purchase with a debit card and ended up shelling out $50 because you forgot you didn’t have enough money in your account? If you did have to fork over an additional $30 to pay that dreaded overdraft fee, you’re actually a little bit fortunate. That’s because a new study… Continue reading Get Financially Fit by Avoiding Rising Overdraft and ATM Fees