Apple Is Working On Its Own Visa Debit Cards
Once again, Apple is rumored to launch its own Venmo-like service for all iPhone users. Venmo is a free digital wallet app in mobile owned by PayPal. It is used in order to transact and do other payment services using your smartphone. According to multiple sources that are familiar with the news, Apple intends to announce the service later this year, potentially at the same event when its new iPhone will be unveiled.
On Thursday, a report claimed that Apple has held talks with Visa talking about its own pre-paid debit cards. The said debit cards will join into an unannounced service that would allow all iPhone users to send and receive money to each iPhone users digitally. However, some banks are reportedly suspicious and planning to complain at Visa.
According to Business Insider, Apple has been working on a peer-to-peer money transfer services since 2015. If launched, the app would be a direct competitor to Venmo app. With this app, the user can easily split the bill, pay the cab, or much more. And Apple could be thinking an app that could certainly do things like that and, if possible, more than that.
The soon to be named Apple payments service would include a major partnership with Visa. With that, users will be allowed to take digital pre-paid cards that would run on Visa's debit system but be tied directly into Apple Pay. As reported by MacRumors, users of this app could get paid through the "Apple Cash," able to use the Visa card and Apple Pay to spend their saved money at a retail store or online.
To obtain the many customers, Apple could be targeting teenagers and young adults with the new service. However, as of now, there are still many questions on Apple and Visa's potential partnership, as well as Apple's own debit cards. A remarkable puzzle is that if Apple would launch exciting rewards and programs to convince people to ditch their current debit or credit cards to switch for the new one.
iPad Pro 2 vs Surface Pro 5: Which 2-In-1 Gadget Is Best For You?
Apple iPad Pro 2 and Microsoft Surface Pro 5 are two of the most highly-anticipated devices for 2017. The two 2-in-1 gadgets should be treated differently since one is a full hybrid laptop while the other is a powerful tablet.
OnePlus 5 vs Xiaomi Mi Mix 2: Which Chinese Brand Will Suit Your Lifestyle?
The Mi Mix is a previously concept phone that is now in production. With Xiaomi Mi Mix 2's so-called "bezel-less" design, will it beat up another upcoming Chinese smartphone, the OnePlus 5?
Microsoft Surface Book, Surface Pro 4 Just Got Better
If you have already installed the Microsoft's Windows 10 Creators Update on your Surface Book or Surface Pro 4, you can download the new updates right now by checking Windows Update of your gadget.
Google Pixel's Camera Low-light Shots Looks Stunning; See Images Here
These stunning shots may be proof that Google Pixel's camera is capable of doing some pretty remarkable stuff, but all of the processing is still too “cumbersome” as of the moment.
iOS 11 Plagued with Untested Bugs and Early Adoption Pitfalls
Reports of nagging iOS 11 issues have started pouring in just a day after the software was released by Apple on supported devices.
MORE IN ITECHPOST
The Role of Technology in Education in 2019
2019 is proving to be another great year for trends in educational technology. There are many upcoming trends that seem to have a bearing on the future of the sector with respect to technology.
New Retroreflective Material Could be Used in Nighttime Color-Changing Road Signs
BUFFALO, N.Y. -- A thin film that reflects light in intriguing ways could be used to make road signs that shine brightly and change color at night, according to a study that will be published on Aug. 9 in Science Advances.
Top 5 Video Games to Play for a Truly Unique First Date
Video games have a way of taking us outside of ourselves and live in a fantasy world. It's even better when you're playing a game with someone special!