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...

TakeMe Pay combines the biggest payment services in the world into one app CardLinx member Japan Foodie (www.japanfoodie.jp) is well-known as a multi-payment service mainly for the restaurant industry in Japan. When tourists visit Japan whether they are from China or the US, they can use the Japan Foodie app on their smartphone to make a reservation, order off the menu...

Advocacy Groups Call for Facebook’s Break Up Nine advocacy groups have called the Federal Trade Commission to investigate the break up of Facebook in light of its consumer data breaches, especially with Cambridge Analytica. The recommendation includes spinning off Instagram and WhatsApp. The letter urged the FTC to regulate Facebook like a utility given its size, position and influence in...

US-based Visa and Mastercard face additional headwinds in entering the Chinese market. According to FT, China’s central bank known as the People’s Bank of China declined to acknowledge Visa and Mastercard’s applications to process renminbi payments. Sources claim their applications were submitted over a year ago and according to application procedures published in 2017, applications must be decided within 90...