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Given the trend-setting capabilities of Apple, the tech giant is typically considereded as the catalyst that’ll drive massive adoption of mobile repayments. But, the company has actually resisted near field communication (NFC) support for many years. Formerly, there have been reports of an NFC-enabled iPhone, however they’ve actually never ever concerned fruition. Is it lastly on the horizon?

  • Well Fargo’s CEO, John Stumpf, stated the bank prepares to expand the bank’s credit card business later this year. The push will concentrate more on advertising and marketing to those who’re already Wells Fargo customers. These customers are likely to obtain some offers in the mail. Stumpf didn’t say anything on whether or not there are strategies to present brand-new credit cards.
  • Monday marks the 1-year anniversary of Simple, which is celebrating by discussing that it now has even more than 40,000 consumers and has processed more than $1 billion in deals. Considering that its launch, Simple has actually launched functions to track goals, deposit checks from another location, transfer funds externally and more.
  • Tuesday is the due date for existing and previous PNC consumers who wish to submit a case to be a component of PNC Bank’s $90 million overdraft settlement. The settlement is presently awaiting its final approval hearing, which hasn’t been arranged. The settlement includes consumer deposit accounts that were subject to overdraft charges from Jan. 1, 2004 to Aug. 15, 2010.
  • Talks of an NFC-enabled Apple iPhone have resurfaced once again. According to, citing undisclosed sources, Verizon’s database indicates that there will be NFC-supported SIM cards slated for the Apple iPhone. If true, Apple finally gets in the NFC-based mobile repayments fight, after avoiding offering such innovation while various other attires have introduced mobile wallets.
  • In updated fee schedules, BB&T reveals that there’s a change pertaining to its standard checking account. For those with Bright Financial accounts, the direct-deposit fee waiver requirement will alter from a single $100 ACH direct deposit to combined ACH direct deposits totaling $500. Relying on a consumer’s financial circumstance, the change make it much easier or more challenging to avoid the account’s $10 month-to-month charge.

Rumors of NFC-Enabled iPhone Return: 5 Things to Know for the Week