Canadian company Mobeewave has been purchased by Apple for $100 million, giving the tech giant’s existing iPhones the ability to function as contactless, mobile pay hubs. Mobeewave is an app that doesn’t require cables or other hardware; the NFP chip that makes it work has been incorporated in iPhones since 2014. CardLinx Insight: This deal puts Apple firmly in the...

Wall Street Journal reported that Apple and Goldman Sachs are nearing the consumer launch of their previously announced joint credit card. This new credit card will be paired with the iPhone to encourage use of Apple Pay and include features that help consumers manage their finances like setting financial goals and tracking rewards. Additionally, cardholders will receive 2% cash back...