Slashdot: Apple Working To Bring More Financial Services In-House

Apple Working To Bring More Financial Services In-House
Published on March 31, 2022 at 03:50AM
An anonymous reader quotes a report from Bloomberg: Apple is developing its own payment processing technology and infrastructure for future financial products, part of an ambitious effort that would reduce its reliance on outside partners over time, according to people with knowledge of the matter. A multiyear plan would bring a wide range of financial tasks in-house, said the people, who asked not to be identified because the plans aren't public. That includes payment processing, risk assessment for lending, fraud analysis, credit checks and additional customer-service functions such as the handling of disputes. The push would turn the company into a bigger force in financial services, building on a lineup that already includes an Apple-branded credit card, peer-to-peer payments, the Wallet app and a mechanism for merchants to accept credit cards from an iPhone. Apple is also working on its own subscription service for hardware and a "buy now, pay later" feature for Apple Pay transactions, Bloomberg has reported. Part of the project has been dubbed "Breakout" internally, underscoring the idea of breaking away from the existing financial system, according to the people.

Comments

Slashdot: Battery Fires At Recycling Centres Are Costing the UK £1bn a Year

Battery Fires At Recycling Centres Are Costing the UK £1bn a Year Published on 2026-08-23T00:29:00Z Wrongly discarded lithium batteries, such as those in vapes, are causing more than 10 fires a week at U.K. recycling centers, according to figures shared with the Guardian: The Environment Services Association (ESA), the trade body for waste management companies, said its members had reported 1,518 fires in the year to March 2026. At least 541 of these fires were directly attributed to lithium ion batteries, the survey found. There were a further 216 battery fires in bin lorries [garbage trucks]. The ESA said the reported number of battery-related fires underestimated the scale of the problem, because in most incidents it was impossible to determine the cause of the blaze. A spokesperson said: "We know 40% of fires at recycling centres are caused by batteries, but we think the actual number is more like 70%." It estimates that annual cost of these fires has increased from ...

Slashdot: How the FSF Sysadmins are Blocking Botnets with reaction

How the FSF Sysadmins are Blocking Botnets with reaction Published on 2026-07-11T21:47:00Z For nearly two years the Free Software Foundation has been fighting web crawlers (including many aggressively scraping training data for AI models). A botnet controlling about five million IPs hit one system for six months in 2025. Their systems administrator wrote this week that they view these as distributed denial-of-service attacks. How are they fighting back? We noticed patterns in the scrapers that were abnormal, which gave us material for writing regular expressions. Searching for the regular expression then gave us a large lists of IP addresses. Looking up the origin of those IP addresses revealed that some of the crawlers were using botnets of residential IP addresses to scrape faster and avoid detection. We looked for what kinds of botnets might be generating the kind of traffic that we were seeing, and one that we suspected was called the "Vo1d" botnet, comprised of sma...

Slashdot: Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push

Spain-Backed Fund Joins FOSSA's Sovereign Satellite Communications Push Published on 2026-06-28T22:05:00Z Spanish startup FOSSA Systems "has raised about $10.5 million to expand its connectivity constellation," reports Space News, noting some funding is backed by Spain's government: The support from the Spanish Society for Technological Transformation (SETT) comes a year after the fund injected 14 million euros into Spain's Sateliot , which is also developing a satellite connectivity network with security and defense applications. Spanish private investment firm Kibo Ventures led FOSSA's funding round, the six-year-old venture announced June 24, bringing its total raised to date to nearly 20 million euros. The proceeds will help fuel FOSSA's push beyond the tiny picosatellites it once used to connect low-power monitoring devices toward larger cubesats in low Earth orbit, enabling additional sovereign communications and space-based intelligence capab...

Shameless Plug

Search This Blog