Apple is in talks with at least one major UK bank to bring its mobile payments service to the UK in early 2015, according to reports. However, both sides appear to be far apart on terms of the agreement.
The bank is reportedly uncomfortable with how much information Apple would be collecting from its customers, though sources do not expect this to be a deal-breaker. Additionally, some UK banking executives fear that Apple Pay could be the beginning of Apple’s “invasion” of the banking industry.
Apple Pay, which launched in the US earlier this year, accounted for 1 percent of all digital payments in November. Its early success has prompted Apple to look into rolling out the service in other parts of the world.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.
Despite faster payment technologies, business-to-business payments by paper cheque show no sign of decline from three years ago.