Apple to Offer Mobile Payments? 5 Things to Know for the Week

Simon Zhen

Updated on Tue Sep 11, 2012

The buzz in the tech world this week revolves around none other than Apple and the next-generation iPhone. Without a doubt, consumers are excited about it. And, the financial industry is just as excited. If the new iPhone carries mobile-payment capabilities, could it be what drives adoption?

Steve Parker / Flickr source

  • The Federal Reserve will hold its next board meeting on Wednesday and Thursday. The Fed’s last meeting hinted at another round of quantitative easing, a possible action that is likely to be a highlight of this meeting. Also, the FDIC will release the latest survey on the U.S. unbanked and underbanked population.
  • Chase has sent notifications to customers, alerting them of a site redesign that is slated for this month. “Later this month, you’ll be greeted by a more welcoming homepage, featuring a larger long in area that lets you access your account information quicker,” the Chase email stated.
  • On Wednesday, Apple is widely expected (though not confirmed) tomannounce the next generation of its popular iPhone. To the financial industry, the device may act as the catalyst for mobile payments — if the next iPhone is going to house the technology to do so. Earlier rumors were back and forth on whether or not the iPhone would carry near field communications (NFC technology).
  • Finovate, a conference showcasing the latest innovations in banking and financial technology, will take place on Wednesday and Thursday — MyBankTracker will be there to see what consumers will soon experience in this evolving industry. In last year’s conference, card-linked offers were a trend, and ended up becoming available to many consumers.
  • Consumers with popular cash-back credit cards — Discover More, Chase Freedom and Citi Dividend — can begin signing up for next quarter’s bonus cash-back categories. Those who want to take advantage of the current cash-back categories should sign up immediately and take advantage of it before the end of the month.

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  • Rick

    How about proof reading your article here? Look again it. Spelling and grammatical usage are atrocious.