Designed with users’ financial health in mind, Apple Pay Later allows users to split purchases into four payments, spread over six weeks with no interest and no fees.
Apple Pay users can split purchases into four payments with zero interest and no fees
CUPERTINO, CALIFORNIA Apple introduced Apple Pay Later in the U.S. Designed with users’ financial health in mind, Apple Pay Later allows users to split purchases into four payments, spread over six weeks with no interest and no fees. Users can easily track, manage, and repay their Apple Pay Later loans in one convenient location in Apple Wallet. Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay. Starting today, Apple will begin inviting select users to access a prerelease version of Apple Pay Later, with plans to offer it to all eligible users in the coming months.
“There’s no one-size-fits-all approach when it comes to how people manage their finances. Many people are looking for flexible payment options, which is why we’re excited to provide our users with Apple Pay Later,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet. “Apple Pay Later was designed with our users’ financial health in mind, so it has no fees and no interest, and can be used and managed within Wallet, making it easier for consumers to make informed and responsible borrowing decisions.”
Apply for, Track, and Manage Loans Seamlessly in Wallet
To get started with Apple Pay Later, users can apply for a loan within Wallet with no impact to their credit.4 They will then be prompted to enter the amount they would like to borrow and agree to the Apple Pay Later terms. A soft credit pull will be done during the application process to help ensure the user is in a good financial position before taking on the loan.
After a user is approved, they will see the Pay Later option when they select Apple Pay at checkout online and in apps on iPhone and iPad, and can use Apple Pay Later to make a purchase. Once Apple Pay Later is set up, users can also apply for a loan directly in the checkout flow when making a purchase.
Users can apply for Apple Pay Later loans of $50 to $1,000, which can be used for online and in-app purchases made on iPhone and iPad with merchants that accept Apple Pay.
Users can seamlessly view, track, and manage all of their loans in Wallet. They can also choose to see all upcoming payments on a calendar view in Wallet.
Apple Pay Later is built right into Wallet, so users can seamlessly view, track, and manage all of their loans in one place. With Apple Pay Later in Wallet, users can easily see the total amount due for all of their existing loans, as well as the total amount due in the next 30 days. They can also choose to see all upcoming payments on a calendar view in Wallet to help them track and plan their payments. Before a payment is due, users will also receive notifications via Wallet and email so they can plan accordingly. Users will be asked to link a debit card from Wallet as their loan repayment method; to help prevent users from taking on more debt to pay back loans, credit cards will not be accepted.
Apple Pay Later was designed with privacy and security at its core. Purchases using Apple Pay Later are authenticated using Face ID, Touch ID, or passcode, and users’ transaction and loan history are never shared or sold to third parties for marketing or advertising.
Apple Pay Later is offered by Apple Financing LLC, a subsidiary of Apple Inc., which is responsible for credit assessment and lending. Apple Financing plans to report Apple Pay Later loans to U.S. credit bureaus starting this fall,5 so they are reflected in users’ overall financial profiles and can help promote responsible lending for both the lender and the borrower.
Mastercard and Goldman Sachs
Apple Pay Later is enabled through the Mastercard Installments program, so merchants that accept Apple Pay do not need to do anything to implement Apple Pay Later for their customers. When a merchant accepts Apple Pay, Apple Pay Later will be an option for their customers during checkout online and in apps on iPhone and iPad. Goldman Sachs is the issuer of the Mastercard payment credential used to complete Apple Pay Later purchases.
Availability
Starting March 28,2023 , randomly selected users will be invited to get early access to a prerelease version of Apple Pay Later via Wallet and through their Apple ID email. Apple Pay Later is available in the U.S. for online and in-app purchases on iPhone and iPad.Apple Pay Later is available with iOS 16.4 and iPadOS 16.4.
Apple Pay Later is subject to eligibility and approval. Apple Pay Later is available only in the U.S. It may not be available in all states. It is not available in U.S. territories. Loans are made by Apple Financing LLC, NMLS #2154940. For California residents, loans are made or arranged pursuant to a California Financing Law license. To use Apple Pay Later, a user must have an iPhone or iPad updated to the latest version of iOS or iPadOS. For more eligibility details, see support.apple.com/en-us/HT212967.
A user’s bank may charge them fees if their debit card account contains insufficient funds to make loan repayments.
Some merchants may not be eligible to offer Apple Pay Later.
Upon purchase, a user’s Apple Pay Later loan and payment history may be reported to credit bureaus and impact their credit.
Apple Financing LLC may report past, current, or future Apple Pay Later loans.
You can now share your car key in Apple Wallet with Android users,
starting with Google Pixel
If you happen to be an owner of one of the very few cars on the market with Car Key support, you are now able to share that car key credential with non-iPhone users for the first time.
Apple is working with the IETF and industry members to standardize cross-platform car key sharing. The first implementation of this support has landed today for Google Pixel owners. Google is working on rolling out support for all Android 12+ devices soon.
The Car Key feature allows Apple Wallet to treat unlocking your car in the same manner as you can conduct contactless payments with Apple Pay: Walk up to your car and then present your iPhone or Apple Watch to unlock it.
You can share car keys by using the Share button inside the Wallet app. You could previously send the key to other iPhone users. On iOS 16.1 or later, the Wallet app generates keys that also work with other supporting platforms, most notably Android users.
Share using the system share sheet with your favorite app like Messages, Mail, and WhatsApp. You can secure the process using an optional one-time code.
At any later time, you can revoke access to a shared car key. Simply open the Wallet app, select your car key and tap on the People icon to manage the current list of shared keys for that vehicle.
Apple’s partnership with the IETF was first announced at this year’s WWDC. The group is still working on a final specification to make publicly available for adoption by anyone. But for now, only Apple and Google have access to the necessary protocols and are working on the respective implementations privately.
It’s a really cool technology that furthers Apple’s goal to replace the wallet in your pocket, alongside other initiatives like Digital ID and Apple Pay. Hopefully, more Car Key compatible vehicles will be available soon.
Apple releases iOS 16.2 beta 4 to developers ahead of expected launch this month
Following the release of iOS 16.1.2 to iPhone users on Wednesday, Apple released iOS 16.2 beta 4 to developers on Thursday. Along with iOS 16.2, Apple has also been testing new betas for watchOS 9.2, tvOS 16.2, and macOS Ventura 13.1. Read on as we detail what’s new in these updates.
iOS 16.2 and iPadOS 16.2 include some notable changes. The Freeform collaboration app is now available to iPad, iPhone, and Mac users. There are also changes to the Home app, updates to the Weather app, and more.
On November 28, Apple also released a “Rapid Security Response” update for users running iOS 16.2 beta. Once the feature becomes available to everyone, Apple will be able to quickly fix security exploits without having to release a new version of iOS just for this.
In addition to iOS 16.2 beta 4, Apple has also made the following updates available to all developer beta testers:
PayPal will soon be rolling out new ways for customers and merchants to take advantage of Apple Pay, iPhone, and more. PayPal says it will soon be adopting Apple’s new Tap to Pay on iPhone feature, as well as adding support for Apple Pay to its branded debit and credit cards and adding Apple Pay as a payment option in checkout flows.
PayPal adopting Apple Pay and more
PayPal made these announcements in an update to investors as part of its Q3 2022 earnings release. As one of its “strategic initiatives and business updates,” the company says it is “working with Apple to enhance our offerings for PayPal and Venmo merchants and consumers.”
We’re very pleased to be working with Apple to enhance our offerings for our PayPal and Venmo merchants and consumers,” PayPal Chief Executive Officer Dan Schulman said in the statement.
There are different components to today’s announcement from PayPal, which also owns the popular peer-to-peer payment platform Venmo. Here they are:
Leveraging Apple’s Tap to Pay on iPhone technology, US merchant customers will soon be able to accept contactless debit or credit cards and mobile wallets, including Apple Pay, using an iPhone and the PayPal or Venmo iOS app.
Adding Apple Pay as a payment option in PayPal’s unbranded checkout flows on merchant platforms, including the PayPal Commerce Platform.
Next year, US customers will be able to add PayPal and Venmo network-branded credit and debit cards to Apple Wallet and use them anywhere Apple Pay is accepted.
Tap to Pay on iPhone is a new feature launched by Apple earlier this year, currently available in Apple Stores and via Square’s merchant app. Tap to Pay on iPhone works by the merchant prompting the customer to hold their iPhone or Apple Watch near the merchant’s iPhone to pay with Apple Pay, a contactless credit or debit card, or another digital wallet. The payment is then securely completed using NFC technology.
Meanwhile, PayPal’s announcement today also means that you’ll see Apple Pay as a payment option when you choose the option to check out with PayPal from some websites. This will increase the availability of Apple pay for purchases on the web, but it sounds like the implementation will be somewhat limited.
Finally, PayPal also says that consumers will be able to add their PayPal and Venmo-branded debit and credit cards to Apple Wallet and Apple Pay next year.
As usual, HomeKit announcements are expected to be one of the biggest trends at CES this year. Today, home security company Schlage has announced an all-new Encode Plus Smart WiFi Deadbolt, and the company is going all in on Apple’s ecosystem with support for both HomeKit and home keys in the Apple Wallet application.
Apple’s home key feature was first announced at WWDC in June. When you add a home key to your Apple Wallet application, you can simply tap to unlock your door using your iPhone or Apple Watch, just like how Apple Pay currently works. Here’s how Apple explains the feature:
Add home keys to Wallet on iPhone and Apple Watch, then simply tap to unlock a compatible HomeKit door lock for seamless access to your home. Home keys live in the Wallet app with other important items like your car keys and credit cards.
The home key functionality works in addition to HomeKit, allowing you to control the Encode Plus via the Home application, with Siri, through automations, and by tapping on the lock itself using your iPhone and Apple Watch. The lock also features a keypad where you can manually lock or unlock it using a passcode.
The process of setting up a home key is also very simple. Once you add the lock itself to HomeKit, you can directly add a home key to the Wallet app on your iPhone and Apple Watch as well. You can also easily share Apple home keys with others for granting permanent or temporary access to the lock to friends and family members.
The new Schlage Encode Plus has been touted as the “first smart lock solution” in North America with support for both HomeKit and home keys. Note that Apple’s home key features require an iPhone XS or newer running iOS 15 or above, while Apple Watch support is limited to the Apple Watch Series 4 or newer running watchOS 8 or above.
Schlage says the new Encode Plus Smart WiFi Deadbolt will be available sometime in the spring for $299.99 MSRP. We’ll be sure to keep you in the loop when additional information is released.
Like Apple Wallet evolved with iOS 15 to include the ability to store keys for homes and hotels, with upgraded U1 support for the car key standard too. Now it looks like one of the first HomeKit smart locks to feature the NFC Apple home key support could be on the way.
Spotted by HomeKit Authority, the yet-to-be-released Schlage Encode Plus popped up momentarily on Home Depot’s website (now pulled) with some interesting details.
Along with HomeKit support like some of Schlage’s existing smart locks include, the Encode Plus appears to come with instructions on how to use it with the new Apple home key feature.
After setting up your Schlage Encode Plus lock in the Apple Home app, you can add a home key to the Wallet app for easy and secure access to your home using your iPhone or Apple Watch.
No word yet on when the Schlage Encode Plus is officially available, but it may not be long as Home Depot accidentally posted the product listing early before pulling it. Based on the FCC filing, it looks like there will be two styles available (modern and traditional).
The handy part about Apple home key is you have an NFC key to quickly unlock your door with Apple Watch or iPhone. While standard HomeKit locks have Siri support, sometimes Siri is unresponsive or slow to respond to open locks or garage doors.
Another benefit is you can share Apple home keys with others through the Home app.
Earlier, on Hyatt become the first hotel to adopt Apple Wallet keys.
At WWDC this year, Apple announced its plans to add support for storing ID cards in the Wallet application. New documents obtained by CNBC offer more details on the behind the scenes agreements between Apple and governments in states where it is launching this feature.
The documents in question were obtained through public record requests and “other sources,” the report says. The agreement between Apple and the states “mostly portrays Apple as having a high degree of control over the government agencies responsible for issuing identification cards.”
As a refresher, Apple has said that support for storing digital IDs in Apple Wallet will launch in a handful of states at first, with the rollout taking place on a state-by-state basis going forward. The initial lineup of states includes Arizona, Connecticut, Georgia, Iowa, Kentucky, Maryland, Oklahoma, and Utah.
CNBC obtained documents showing the agreements between Apple and Georgia, Arizona, Kentucky and Oklahoma. The documents show that Apple has “sole discretion” over the rollout of the technology behind storing IDs in Apple Wallet.
In the agreement, Apple also says that the states must allocate necessary resources to the program:
States have to agree to “allocate reasonably sufficient personnel and resources (e.g., staff, project management and funding) to support the launch of the Program on a timeline to be determined by Apple,” according to the documents. That includes performing quality testing that the digital IDs work “in accordance with Apple’s certification requirements” across various Apple devices.
Furthermore, the agreement outlines that states must “prominently feature the Program in all public-facing communications relating to Digital Identity Credentials.” Apple must also be granted “prior review and approval” of all marketing materials.
The liability is also on the states when it comes to verifying IDs:
Importantly, in its contract, Apple shifts responsibility for confirming the authenticity of user identities onto states: “Apple shall not be liable for any Verification Results, and Agency acknowledges that all Verification Results are provided AS IS and without any warranty, express, implied or otherwise, regarding its accuracy or performance.”
The state governments and agencies are responsible for financing all of these efforts, including maintaining the systems needed to issue and service the digital IDs as well as marketing.
All these efforts are paid for by states. The contract says that “except as otherwise agreed upon between the Parties, neither Party shall owe the other Party any fees under this Agreement.”
The full report at CNBC is well worth a read and can be found here.
After England’s NHS app brought support to a COVID-19 passport last week, the Australian government is doing the same via Express Plus Medicare for its iPhone users. Starting now in Australia, anyone that received two shots of Pfizer or AstraZeneca vaccines is eligible to add a digital certificate to the Apple Wallet.
According to the website, there are two methods to add the COVID-19 digital certificate into the Apple Wallet: the first one is to access my.gov.au, tap on “Go to Medicare” in the COVID-19 vaccination status area, and then under the PDF link, you’ll find an “Add to Apple Wallet” button.
The other option is to download the Medicare app, log in with your myGov account, tap on “Immunization History,” and “View COVID-19 digital certificate.”
The digital certificate has your name, date of birth, document number, and when it started to be valid.
“This certificate shows your COVID-19 immunisation details as reported to the Australian Immunisation Register by your vaccination provider.”
With that, Australia is another country to give easier ways for its citizens to show that they are fully vaccinated against COVID-19. The European Union also has a “COVID passport” that allows EU citizens to travel across the participating countries when they’re fully vaccinated.
The England COVID-19 passport is now more convenient for iOS users. According to a report by BBC, the NHS app has brought support to the Apple Wallet.
People in England can now store their COVID Pass in the NHS app, which, among other things, is used for COVID vaccination records. The government says this can be used at events and venues in England but not for international travel.
You can show the vaccination records contained within your NHS COVID Pass as proof of your COVID-19 status when travelling abroad.
In addition to your NHS COVID Pass, you will need to follow additional rules when travelling abroad.
For the European Union, on the other hand, the digital vaccine passport was released in June, allowing travelers from all 27 European Union countries to use their smartphone to prove that they have been vaccinated, have tested negative, or have recovered from COVID-19. It’s available for both iPhone and Android smartphones.
The increase of COVID-19 cases around the world, even in places where a great part of the population is vaccinated, has made governments step back and bring back some measures, such as wearing masks in public transportation or indoors.
In the US, some major tech companies are giving their workers the possibility to continue working from home. At Apple, the back-to-office campaign was pushed back to at least October, and masks are mandatory again for workers at its stores.
For the COVID passport in England, it’s important to note that it’s only available within the NHS app. The NHS COVID-19 app, for example, is used to inform whether you have COVID or not and ping other people you may have entered into contact with with the COVID-19 exposure notifications created in partnership with Apple and Google.
Update: An early version of this story mistakenly said the NHS app was for the UK but it’s for England only.
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