Apple Pay Later is reportedly facing ‘technical and engineering’ issues

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Apple’s take on a buy now, pay later service may not arrive until next year


A pattern of Apple logos

Illustration by Alex Castro / The Verge

Apple Pay Later is facing some “significant” setbacks that could delay its launch until next year, according to a report from Bloomberg’s Mark Gurman. The feature is Apple’s version of a buy now, pay later (BNPL) service, letting you make a payment through Apple Pay and then pay it back in four installments without interest.

Apple said its Pay Later feature would arrive with iOS 16 when it first announced the program at WWDC in June. But now that iOS 16 is out, Apple Pay Later hasn’t made an appearance, and the fine print on Apple’s iOS 16 page vaguely says it’s “coming in a future update.” As Gurman points out, Apple Pay Later is the only unreleased iOS 16 feature on the page that doesn’t include a timeframe for when we might expect its rollout. Other features, like key sharing and no-setup Siri shortcuts, are listed as “coming later this year.”

Gurman believes that “Apple isn’t completely certain when Apple Pay Later will be ready for launch,” and predicts that we may not even see it until the release of iOS 16.4 in the spring of 2023. “I’m hearing there have been fairly significant technical and engineering challenges in rolling out the service, leading to the delays,” Gurman adds.

It’s not clear what these challenges are, but its rollout means Apple will have to take on new financial responsibilities. In June, reports from Bloomberg and CNBC indicated that the company’s subsidiary, Apple Financing LLC, will handle the lending for Apple Pay Later while remaining separate from Apple’s main business. Apple currently partners with Goldman Sachs to perform credit checks and lending for Apple Card, the company’s Mastercard-based credit card, but it’s bringing these services in-house for Apple Pay Later.

Government regulators are starting to pay closer attention to BNPL services, such as Klarna, Affirm, and Afterpay, as they could potentially pose a risk to customers. Research indicates that BNPL customers struggle to make their payments and are more likely to overdraft when compared to people who don’t use the service. Once Apple Pay Later’s rolled out, it has the potential to reach even more users than other BNPL services, as the feature will be built straight into the iPhone.

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California Governor Gavin Newsom vetoes the state’s “BitLicense” law.

The bill, called the Digital Financial Assets Law, would establish a regulatory framework for companies that transact with cryptocurrency in the state, similar to New York’s BitLicense system. In a statement, Newsom says it’s “premature to lock a licensing structure” and that implementing such a program is a “costly undertaking:”

A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm.

Look at this Thing.

At its Tudum event today, Netflix showed off a new clip from the Tim Burton series Wednesday, which focused on a very important character: the sentient hand known as Thing. The full series starts streaming on November 23rd.

Get ready for some Netflix news.

At 1PM ET today Netflix is streaming its second annual Tudum event, where you can expect to hear news about and see trailers from its biggest franchises, including The Witcher and Bridgerton. I’ll be covering the event live alongside my colleague Charles Pulliam-Moore, and you can also watch along at the link below. There will be lots of expected names during the stream, but I have my fingers crossed for a new season of Hemlock Grove.

Twitch’s creators SVP is leaving the company.

Constance Knight, Twitch’s senior vice president of global creators, is leaving for a new opportunity, according to Bloomberg’s Cecilia D’Anastasio. Knight shared her departure with staff on the same day Twitch announced impending cuts to how much its biggest streamers will earn from subscriptions.

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Has the Windows 11 2022 Update made your gaming PC stutter?

Nvidia GPU owners have been complaining of stuttering and poor frame rates with the latest Windows 11 update, but thankfully there’s a fix. Nvidia has identified an issue with its GeForce Experience overlay and the Windows 11 2022 Update (22H2). A fix is available in beta from Nvidia’s website.

If you’re using crash detection on the iPhone 14, invest in a really good phone mount.

Motorcycle owner Douglas Sonders has a cautionary tale in Jalopnik today about the iPhone 14’s new crash detection feature. He was riding his LiveWire One motorcycle down the West Side Highway at about 60 mph when he hit a bump, causing his iPhone 14 Pro Max to fly off its handlebar mount. Soon after, his girlfriend and parents received text messages that he had been in a horrible accident, causing several hours of panic. The phone even called the police, all because it fell off the handlebars. All thanks to crash detection.

Riding a motorcycle is very dangerous, and the last thing anyone needs is to think their loved one was in a horrible crash when they weren’t. This is obviously an edge case, but it makes me wonder what other sort of false positives we see as more phones adopt this technology.

Ford is running out of its own Blue Oval badges.

Running out of semiconductors is one thing, but running out of your own iconic nameplates is just downright brutal. The Wall Street Journal reports badge and nameplate shortages are impacting the automaker’s popular F-series pickup lineup, delaying deliveries and causing general chaos.

Some executives are even proposing a 3D printing workaround, but they didn’t feel like the substitutes would clear the bar. All in all, it’s been a dreadful summer of supply chain setbacks for Ford, leading the company to reorganize its org chart to bring some sort of relief.

Spain’s Transports Urbans de Sabadell has La Bussí.

Once again, the US has fallen behind in transportation — call it the Bussí gap. A hole in our infrastructure, if you will.

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