Here's why you spend more with mobile payment services like Apple Pay
Tools like Apple Pay make it easier for consumers to spend more than they want, research shows.
Apple Pay
Apple launches savings account with 4.15% interest rate
Apple announced a new way for Apple Card users to grow their Daily Cash rewards using a savings account from Goldman Sachs.
Hesitance with cashless payment processing
A recent report from Business News Daily found that more than 40% of American businesses only accept cash. Ted Rossman, senior industry analyst at Bankrate, joined CBS News to look at why so many businesses are resistant to accepting credit cards and digital payment methods.
More Americans opting to "buy now, pay later"
To compensate for higher costs of living, more Americans are resorting to "buy now, pay later" plans, and regulations have not kept up with the new digital offerings. Finance reporter Ken Sweet from The Associated Press joins CBS News to discuss the risks for consumers.
Apple releases iOS 11
From a smarter Siri to a new Apple Pay method and a "Do Not Disturb" feature to help end distracted driving, these are just some new features of Apple's iOS 11.
Jill Wagner debriefs on the latest business headlines
Jill Wagner debriefs on the latest business headlines. The month of May saw more new jobs than expected, but the unemployment rate also went up. Also, why the drought is drying up profits and some big news for Apple Pay.
Apple is defending its Apple Pay service, saying that hackers are only exploiting their product after obtaining stolen credit card data
Apple is defending its Apple Pay service, saying that hackers are only exploiting their product after obtaining stolen credit card data. CNET's Jeff Bakalar joins CBSN with more on how thieves are making fraudulent purchases.
Banks report rampant fraud linked to the 5-month-old service used by millions of Americans to make purchases
Apple's new mobile payment system, Apple Pay, is under threat from criminals. Banks report rampant fraud linked to the 5-month-old service used by millions of Americans to make purchases. New Yorker magazine's digital expert Nicholas Thompson joins "CBS This Morning" to discuss the problem.
Samsung is going after Apple Pay, and the company has bought a mobile payment start-up company
Samsung is going after Apple Pay. The company has bought a mobile payment start-up company. CNET's Bridget Carey joins CBSN with more on how it may be easier to use than Apple's product.
Scott Stein, senior editor at CNET, joins "CBS This Morning" to discuss whether Apple Pay's launch has been successful
Scott Stein, senior editor at CNET, joins "CBS This Morning" to discuss whether Apple Pay's launch has been successful.
CNET's senior editor Sharon Profis joins "CBS This Morning" to discuss the digital wallet
The tech giant lauched "Apple Pay," a new system for buying everyday items using an iPhone. CNET's senior editor Sharon Profis joins "CBS This Morning" to discuss the digital wallet.
Apple says its new mobile payment system, Apple Pay, is convenient and secure, but will it win over consumers?
Apple says its new mobile payment system, Apple Pay, is convenient and secure, but will it win over consumers? CNET's Kara Tusboi reports.
Wendy Gillette reports on the day's top MoneyWatch headlines
Apple Pay, the new digital wallet technology available on iPhone 6 and 6 Plus models, debuts Monday in thousands of stores across the country. Also, IBM is expected to change its microchip manufacturer. Wendy Gillette reports on the day's top MoneyWatch headlinesApple Pay, the new digital wallet technology available on iPhone 6 and 6 Plus models, debuts Monday in thousands of stores across the country. Also, IBM is expected to change its microchip manufacturer. Wendy Gillette reports on the day's top MoneyWatch headlines.
CEO Tim Cook discussed the "Apple Pay" feature on Charlie Rose's PBS program
Apple received more than 4 million pre-orders of the iPhone 6 and iPhone 6 Plus in the first 24 hours. CEO Tim Cook discussed the "Apple Pay" feature on Charlie Rose's PBS program.
If Apple Pay works well, it could change the way we shop
Apple isn't the first company to offer a way to pay without fishing out your wallet. Google Wallet and PayPal beat Apple to market by years. But if Apple Pay works well, it could change the way we shop. CNET's Sumi Das reports.
Apple's Eddy Cue explains the new mobile payment service built-in to every iPhone 6 and iPhone 6 Plus
Apple's Eddy Cue explains the new mobile payment service built-in to every iPhone 6 and iPhone 6 Plus.
Does Goldman's online bank Marcus have an Apple Card issue?
Investment bank's consumer platform has a loan-approval method that some experts say can discriminate against women
Salvation Army debuts cashless "Kettle Pay" option
Shoppers with phone payment apps can "bump" those signature red kettles to make cashless contributions
Can Apple Card really disrupt the credit card market?
Apple says it does things no other card can, but industry experts say it offers few compelling differences
Apple unveils TV streaming platform
Apple unveiled its new streaming platform, Apple TV+, at an event Monday. The tech giant will produce original content to compete with sites like Netflix and Hulu. Updates to Apple services including the App Store, Apple Pay and iNews were also announced. CBS News' Jamie Yuccas attended the event at the Apple headquarters in Cupertino, California, and joins CBSN with the latest.
Critics say cashless retailers penalize the poor
Lawmakers want to require retailers to accept cash to make sure even those who are unbanked get served
Apple, Goldman Sachs credit card
Apple and Goldman Sachs are reportedly teaming up to launch a joint credit card. That's according to the Wall Street Journal, which says the card could be introduced as early as next year. WSJ reporter Liz Hoffman joins CBSN to discuss what this could mean for customers.
More ways you can use ATMs with your smartphone
Banks like Chase, Wells Fargo and Bank of America are adding new smartphone options to get money from ATMs
Apple Pay expands as it vies for broader acceptance
Payment service faces growing competition and some challenges before it becomes as commonplace as plastic cards
Is Apple making its own version of Venmo?
The company is reportedly working on a person-to-person mobile payment system
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
Trump says he'll end the war soon, when he wants to, as Iran hits 3 ships near the Strait of Hormuz and warns U.S.-linked banks will be next.
NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Epstein's longtime accountant tells Congress he didn't know about abuse
Richard Kahn was one of Epstein's closest associates in his final years, managing his finances and investments.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
Democratic Sen. John Fetterman says war with Iran has been "effective"
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
U.S.
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NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Fetterman calls Trump's criticism of mail-in voting "ridiculous"
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Officials downplay risk of Iranian drone attacks off California after FBI memo
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
MoneyWatch
More MoneyWatch
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
FTC to refund more than $47 million to consumers allegedly deceived by Invitation Homes
A 2024 government lawsuit accused Invitation Homes of deceiving renters about lease costs, charging undisclosed junk fees and other unlawful practices.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
Howard Schultz leaves Seattle as local lawmakers mull millionaire tax
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Politics
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Fetterman calls Trump's criticism of mail-in voting "ridiculous"
"The president is constantly critical on mail-in voting, and that's ridiculous," Democratic Sen. John Fetterman said Wednesday.
Trump releasing 172 million barrels of oil from reserve as prices soar amid Iran war
President Trump ordered the release of 172 million barrels of oil from the U.S.'s Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the U.S.'s war with Iran.
Officials downplay risk of Iranian drone attacks off California after FBI memo
FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" raised concern Wednesday — but officials tell CBS News there is no known, specific threat underpinning it.
Trump administration takes steps to impose new tariffs
The Supreme Court ruled in February that the president lacks the authority to impose unilateral tariffs using an emergency powers law.
Democratic Sen. John Fetterman says war with Iran has been "effective"
"I think, overall, what's accomplished is remarkable," Sen. John Fetterman told CBS News chief White House correspondent Major Garrett in an interview Wednesday.
HealthWatch
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"I was fighting to survive": Patients still struggle with preauthorization hurdles
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
Investigation
There's one building in LA with 89 registered hospices: "Ground zero" for fraud?
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Raw oysters and clams recalled in 9 states over norovirus risks
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
More kids are in ERs for tooth pain. Budget cuts and fluoride fights aren't helping.
Dentists, hygienists, and researchers say a shortage of rural dental care professionals and worsening oral hygiene since the COVID-19 pandemic mean more kids are ending up in the emergency room for tooth decay.
Baby sleepsuit sold at Walmart recalled over potential choking hazard
The zipper head on the recalled HALO Magic Sleepsuits poses a danger to babies, according to the U.S. Consumer Product Safety Commission.
World
More World
3 brothers arrested in connection with U.S. embassy explosion in Norway
The men were Norwegian citizens of Iraqi origin who were not previously known to police, police prosecutor Christian Hatlo said.
550-pound WWII bomb defused after thousands evacuated
The discovery caused officials to evacuate 18,000 people on Wednesday, the largest such operation ever in the city, emergency services said.
Exclusive
U.S. service members in Kuwait suffered brain trauma, burns, shrapnel wounds
About 30 U.S. service members remained hospitalized Tuesday after an Iranian drone strike in Kuwait.
IEA to release 400 million barrels of oil in move to lower energy prices
The emergency oil release — the largest in the multinational organization's history — could help ease oil prices in the short term, according to analysts.
Live
Trump vows to end war "soon" as Iran hits ships and threatens banks
President Trump says he'll end the war soon, when he wants to, as Iran hits ships in and near the Strait of Hormuz and warns U.S.-linked banks will be next.
Entertainment
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Entertainment
"Sinners" cinematographer on crafting scenes
Oscar-nominated "Sinners" cinematographer Autumn Durald Arkapaw watches scenes from the film with Anthony Mason and breaks down how some of its most memorable moments were created. She also shares how her collaboration with director Ryan Coogler helped define the film's look.
Flavor Flav celebrates women athletes
Pop culture icon Flava Flav stopped by "CBS Mornings" to discuss his plans to celebrate women Olympic and Paralympic medalists from the 2026 Winter Games.
Kurt Russell talks drama series "The Madison"
Kurt Russell, who stars in "The Madison," spoke to "CBS Mornings" about the series, explaining the script "was so familiar" and that he related to it. Russell praised creator Taylor Sheridan, who was also behind the popular series "Yellowstone," and discussed what it was like to work with Michelle Pfeiffer again decades later.
Oscars 2026: Behind the scenes with the best actor nominees
Watch scenes from the performances nominated for best actor at the 98th annual Academy Awards, as well as interviews with the nominees.
Dorrance on preserving tap dancing history
American tap dancer Michelle Dorrance talks to CBS News chief medical correspondent Jon LaPook about Brenda Bufalino's impact and preserving the 88-year-old's artistry for future generations in a project at the New York Public Library for the Performing Arts.
Technology
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Technology
Memory chip shortage could raise tech prices
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
What is XMoney, Elon Musk's new digital payments platform?
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
How Hollywood is grappling with AI
AI-generated artist Tilly Norwood and the company behind her released a new music video speaking directly to her critics. As AI evolves, Hollywood faces questions over legal protections, copyright infringement and human labor. Jo Ling Kent reports.
Details on Pentagon removal of Claude
CBS News exclusively obtained a Pentagon memo from earlier this month that went out to several senior defense leaders and commanders. It ordered the removal of Anthropic's AI technology from key national systems. Jo Ling Kent reports.
Science
More Science
Sea levels higher than thought due to "methodological blind spot," study says
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
What scientists will be looking for when government UFO files are released
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
In a first, shark seen on camera in Antarctica waters, surprising researchers
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
How Washington's crossing of the Delaware presaged a changing world
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Crime
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NYPD cop who chased down bomb suspect had just one thought: "Catch the bad guy"
NYPD Chief Aaron Edwards hopped a metal barrier to chase down a suspect accused of throwing IEDs during clashing protests outside Gracie Mansion.
Officials downplay risk of attacks off West Coast
Officials are downplaying the risk of Iranian drone attacks against California after an FBI memo said the regime "allegedly aspired" to target the Golden State. CBS News homeland security correspondent Nicole Sganga reports. Then, former FBI Special Agent Jeff Harp joins with analysis.
NYPD officers on response to terror incident
A picture of an NYPD chief responding to the terror incident outside Mayor Zohran Mamdani's residence last week has gone viral. CBS News' Anna Schecter has more about what happened that day.
New details in Georgia teacher's death
The family of a Georgia student charged in what investigators describe as a prank gone horribly wrong says they are grieving the tremendous loss to the community. CBS News correspondent Elaine Quijano has the latest.
Man crashes car into barrier near White House
Police in Washington, D.C., arrested a man after he crashed a car into a barricade near the White House on Wednesday morning. CBS News homeland security correspondent Nicole Sganga reports.
Space
More Space
Space
1,300-pound NASA satellite to crash on Earth
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
1,300-pound NASA satellite re-enters Earth's atmosphere after 14 years in space
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
Why NASA is overhauling Artemis program
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
How NASA plans to get astronauts on the moon
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA announces major overhaul of Artemis moon program "to take down risk"
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
More Latest CBS News Videos
Latest CBS News Videos
Fetterman opens up about depression battle
Sen. John Fetterman of Pennsylvania opened up about his battle with depression and credited his three children for saving him from his suicidal thoughts. "What broke me out of it was my own kids, and everyone needs that kind of an emergency brake," Fetterman told Major Garrett on "The Takeout."
What we know about FBI memo on drone risk
An FBI memo warning that Iran may try to launch drones at California in a seaborne "surprise attack" is raising concerns, but how serious is the threat? Nicole Sganga explains.
3/11: The Takeout with Major Garrett
Trump says there's "practically nothing left" to target on Day 12 of war in Iran; legislative blockade threatened over SAVE Act.
Lost dog returned to family two years later
Two years after a Dallas family's dog disappeared, she was found 1,300 miles away in New Jersey. Tony Dokoupil has the story of how made her way back home.
Hero NYPD cops on chasing down bomb suspect
Chief Aaron Edwards and Sgt. Luis Navarro of the NYPD are being hailed as heroes for the response to an attempted bomb attack during protests outside the New York City mayor's residence. Jericka Duncan talked with the officers about what was going through their minds as they sprang into action.