Interesting News Essay

Submitted By alzabin96
Words: 439
Pages: 2

Article#1: Card Issuers Jump Onto Apple Pay Bandwagon

As Apple introduced the iPhone 6 as well as the Apple Watch, it also introduced a new payment system called Apple Pay. This feature allow customers to just tap their device that has NCF capability to the point of sale machine and a transaction will be made. Card issuers are willing to pay transaction fees to Apple for participating in the Apple Pay which means they will get less money, yet they are betting that their costs will be covered easily. Banks such as Wells Fargo, Citibank, and J.P Morgan are all signing up to participate in this new technology that supports Visa, MasterCard, and American Express cards. This is all due to the fact that they all think this is much more convenient for their clients and will make electronic transaction easier.

Article#2: RadioShack seeks rescue and warns of bankruptcy RadioShack due to the current trends of online electronics purchasing is afraid that it cannot hold up with competition and will go bankrupt if an investment was not secured for restructuring the company. Their shares have plummeted 18% in the market and on Friday alone its stock price went down 10%. The company reported a $137 million loss in the second quarter of 2014. It currently operates over 4,000 stores yet tried to shut down 1,000 this years but was able to due to lenders not agreeing on the plan. Their CEO Joe Magnacca said that they are currently considering several options including restructuring of the company or a near term…