4.6 • 1.6K Ratings
🗓️ 21 August 2024
⏱️ 12 minutes
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0:00.0 | The Capital Ideas Podcast now has a new monthly edition hosted by Capital Group CEO Mike Gittlin. |
0:05.7 | Investment professionals reveal their best mentors, how they find their next great idea, |
0:10.0 | and a few funny stories. Subscribe wherever you get your podcast American Funds Distributors Inc. |
0:18.6 | Welcome to Tech News Briefing. It's Wednesday, August 21st. I'm Zoe Thomas for the Wall Street Journal. |
0:25.0 | Apple is opening up its tab to pay technology to competitors. |
0:30.0 | But will banks and payment apps be able to convince consumers to switch to their digital wallets? |
0:36.0 | And then Butch and Sunny are in limbo. |
0:39.0 | We'll tell you about the two US astronauts spending more time on the International Space Station |
0:45.0 | than they expected. |
0:46.7 | And with the delay in their return means for NASA and Boeing. But first, Apple announced last week that app developers in the US and six other countries |
0:59.4 | will soon be able to make use of its devices near-field communications or NFC technology and certain |
1:06.5 | security features. |
1:08.1 | These changes will allow developers of payment apps to handle in-store tap-to-pay transactions. |
1:14.0 | But I heard on the street writer Tealous Demos says that doesn't mean the iPhone maker won't still |
1:19.1 | be central to the digital in-store payment ecosystem. |
1:22.8 | Tellus joins us now. |
1:24.4 | So why is Apple opening up its tap-to-pay technology? |
1:27.9 | Apple has been under pressure from lots of its competitors |
1:30.9 | over the last several years to share some of the technology that allows it to power the seamless experience that Apple Pay has enjoyed where you go to the store, you simply hold your phone out, you tap it, it sees your face, all those things. |
1:46.0 | It enables very easy payments. |
1:48.4 | Rival, other people who make digital wallets, would like to be able to do that with iPhones. |
1:53.1 | iPhones are, you know, a huge part of the market, especially in the United States, |
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