Apple Readies AR, Reveals BNPL . Tool

Today in the connected economy, Apple is launching its annual Worldwide Developers Conference, where it is expected to discuss its augmented reality device, while also unveiling a Buy Now, Pay Later (BNPL) product. In addition, cryptocurrency platform CoinZoom has launched a partnership with Visa, and IBM hopes to strengthen its cybersecurity capabilities through its acquisition of Randori.

Apple kicks off WWDC with a focus on connecting everyone

Apple’s annual Worldwide Developers Conference (WWDC) kicks off this week, and the company is expected to discuss the augmented reality (AR) device ahead of its expected launch in the fall. The $3 trillion tech giant bought Vrvana from Bertrand Nepveu for $30 million in 2017, one of several purchases Apple has made in the field of virtual reality (VR) and augmented reality. While not much is known about the yet-to-be-released Apple product, Vrvana’s video system and “pass-through” technology are expected to be an important feature, with the goal of allowing users to see the physical world around them overlaid with digital photos.

Why is Apple saying now it’s time to pay later

Apple joins the BNPL crowd. The iPhone maker launched Apple Pay Later, an Apple Pay feature that lets users in the US split the cost of an Apple Pay transaction into four installments over six weeks, without charging any interest or associated fees. Payments are posted, tracked and made with their digital wallet. Pay Later is available for online or in-app purchases and is provided through the Mastercard network.

CoinZoom Instant Debuts Outside the US with Visa Direct

FinTech and crypto exchange platform CoinZoom is working with Visa to integrate its services with the Visa Direct instant payments network. By doing so, it will allow real-time payments to be made to eligible customers’ cards in 194 countries outside the US, where CoinZoom customers in the US gained access to CoinZoom Instant last year. The service allows users to convert cryptocurrency into fiat currency and send fiat money to eligible cards.

IBM’s acquisition of Randori to ramp up cybersecurity

IBM is enhancing its cybersecurity innovations with the acquisition of Attack Surface Management (ASM) and the Randori cybersecurity platform. The companies said Randori “helps customers consistently identify external assets, both on-premises and in the cloud, that are visible to attackers — and prioritize exposures that pose the greatest risk.” IBM said it’s the next step in its hybrid cloud strategy and strengthens its portfolio of cybersecurity products and services powered by artificial intelligence (AI).

New Stripe tool aims to improve payment authentications in the EU

Financial infrastructure provider Stripe has debuted a delegated authentication feature that will help improve payment conversion rates in Europe. Businesses using the services of the Dublin-based company can now allow their customers to authenticate purchases within the checkout flow. It is being rolled out against the background of the European Union’s robust Customer Authentication Regulation (SCA), designed to reduce payment fraud.

Luma Health launches LumaPay for the first time, patients can pay via text messages

Luma Health has launched a healthcare-focused service called LumaPay, the first unit in the company’s financial product, LumaFinancial. LumaPay allows patients to pay their bills through text messages or their providers’ websites. It is part of the company’s patient success platform, which provides healthcare providers with an integrated portal that connects the clinical, operational, access and financial components of the patient journey.


New PYMNTS data: Tailored Shopping Experience Study – May 2022

Around: The PYMNTS survey of 2,094 Consumers for the Personalized Shopping Experience Report, a collaboration with Elastic Path, shows where merchants are getting it right and where they need to improve their game to deliver a personalized shopping experience.