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
Live
No new Iran negotiations planned despite Trump comments, U.S. officials say
President Trump, who called Tehran "unbelievably duplicitous," said the talks are the "last chance" for Iran to forge a deal and avoid an escalation.
Trump says Jeanine Pirro "choked" in dropping Reflecting Pool case
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
Cornyn, Tillis back Blanche for attorney general after deal on DOJ fund
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
Sheriff in Nancy Guthrie case contradicted himself on ransom note
Investigators in the disappearance of Nancy Guthrie released two ransom notes, including one contradicting what the Arizona sheriff overseeing the case told CBS News.
Trump says oil companies should cut gas prices after making "too much money"
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
House Ethics recommends censure for GOP lawmaker in sexual harassment probe
The House Ethics Committee released a report detailing the findings of an investigation into GOP Rep. Chuck Edwards, concluding that there is "substantial reason to believe" he violated House rules.
Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
Twin Falls In-N-Out shooting suspect identified after 3 killed, 7 wounded
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
Fast-moving wildfires in Spokane area destroy hundreds of homes
Spokane Mayor Lisa Brown called the wildfires burning through the area the "worst natural disaster our region has faced."
U.S.
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Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
Trump says oil companies should cut gas prices after making "too much money"
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
Lindsay Clancy's diary excerpts read at trial: "I feel like I'm drowning"
The Lindsay Clancy trial resumed with excerpts from her diary and testimony from doctors who treated Clancy and her children on the night of the murders.
Trump says Jeanine Pirro "choked" in dropping Reflecting Pool case
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
House Ethics recommends censure for GOP lawmaker in sexual harassment probe
The House Ethics Committee released a report detailing the findings of an investigation into GOP Rep. Chuck Edwards, concluding that there is "substantial reason to believe" he violated House rules.
MoneyWatch
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Trump says oil companies should cut gas prices after making "too much money"
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
What to watch for in SpaceX's first public earnings report this week
SpaceX will release its first earnings report as a public company on Tuesday in a key test for the company's stuttering stock price.
JPMorgan Chase to invest $750 billion in boosting housing and homebuying
JPMorgan Chase said the investment will include financing for 1 million affordable housing units and assistance to 500,000 people in buying homes.
Federal workers sour on government work, decrying eroding job security
Nearly two-thirds of current and retired U.S. government workers said they wouldn't re-enter public service, according to a recent survey.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
Politics
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Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
Trump says oil companies should cut gas prices after making "too much money"
President Trump said U.S. oil companies made "too much money" from high oil prices. "I'm not happy about it," he added.
Trump says Jeanine Pirro "choked" in dropping Reflecting Pool case
"She folded like an umbrella," President Trump said of Jeanine Pirro, U.S. Attorney for the District of Columbia.
House Ethics recommends censure for GOP lawmaker in sexual harassment probe
The House Ethics Committee released a report detailing the findings of an investigation into GOP Rep. Chuck Edwards, concluding that there is "substantial reason to believe" he violated House rules.
Cornyn, Tillis back Blanche for attorney general after deal on DOJ fund
GOP Sens. John Cornyn of Texas and Thom Tillis of North Carolina formally announced their support on Monday for Todd Blanche's nomination for attorney general.
HealthWatch
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Michigan health officials report 2 deaths among cyclosporiasis cases
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
RFK Jr., Oz blame ACA enrollment drop on fraud, but experts cite rising costs
Rising premiums forced many people in Affordable Care Act plans to give up their coverage. But the Trump administration claims a huge drop in enrollment is almost entirely due to its fraud crackdown.
She went to "hell and back" for a diagnosis. Then her sister showed symptoms.
Megan Kaverman's weight gain, fatigue, high blood pressure and other symptoms were dismissed for years before she was diagnosed with a rare heart disease.
Peptide vendor sentenced for "trail of harm"
A federal judge sentenced the owner of a peptide company to nearly 6 years in prison for deceiving customers and selling products adulterated with steroids, citing a "trail of harm." Adam Yamaguchi reports.
People with disabilities fear service cuts as DOJ questions legal protections
The Department of Justice in June issued a legal opinion saying states aren't required to provide services that help people with disabilities remain in their homes.
World
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Funeral held for family "wiped off the map" in Russian strike
At least two adults and four children were killed in the strike but the death toll could be higher as all the remains have not yet been formally identified.
Human remains exhumed at WWII massacre site in Ukraine
It is believed that 30 to 40% of the 50 remains so far discovered at the site were children.
Morocco blames Ceuta border surge on misleading info spread online
Morocco is blaming a massive surge of migrants into Ceuta on various factors, including "malicious exploitation of digital platforms" and the spread of misleading information.
Live
No new Iran negotiations planned despite Trump comments, U.S. officials say
President Trump, who called Tehran "unbelievably duplicitous," said the talks are the "last chance" for Iran to forge a deal and avoid an escalation.
Suspect arrested in Greece after U.K. woman's body found in suitcase
Police say the suspect transported the body to an abandoned site in a suitcase and subsequently used her bank cards to withdraw money.
Entertainment
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Why the 2027 Met Gala is already causing controversy
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
Paul W. Downs on historic "Hacks" Emmy run
Actor Paul W. Downs talks with "CBS Mornings" about the final season of "Hacks" and reveals if there could be a spinoff of the popular series. Downs also describes what it was like to tell his co-star Meg Stalter that she was nominated for an Emmy Award.
Controversy surrounding the next Met Gala
The 2027 Met Gala is already causing controversy for its plan to feature John Galliano, who is known for his theatrical and dramatic designs. Galliano's legacy is also marked by antisemitic and racist comments, which he has since apologized for. CBS News fashion contributor Lauren Sherman speaks with "CBS Mornings" about Galliano's work, legacy and the Met Gala's controversial decision.
Ariana Grande pulls out of musical over "endless, ongoing public scrutiny"
Ariana Grande had been due to star alongside her "Wicked" co-star Jonathan Bailey in a production of "Sunday in the Park with George" in 2027.
Zac Brown Band surprises 37,000 Fenway Park concert fans with free cruises
Zac Brown Band celebrated their 15th straight sold-out concert at Fenway Park in Boston by giving everyone a free vacation on a cruise ship.
Technology
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Trump administration finalizes AI framework, official says
The order asks AI companies to share previews of powerful new models with the government before they are released to the public.
U.S. probes cyberattack on water systems
Lauryn Williams, the deputy director and senior fellow of the Strategic Technologies Program at the Center for Strategic and International Studies, joins to discuss the U.S. probe into Iran possibly targeting water systems in Michigan and Minnesota.
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.
Hugging Face CEO calls hack by rogue OpenAI model "very weird and unprecedented"
An artificial intelligence model that was being tested by OpenAI went rogue and hacked the firm Hugging Face on its own, in what Hugging Face CEO Clément Delangue called a "very weird and unprecedented" incident.
CEO of AI firm Hugging Face on OpenAI hack
ChatGPT maker OpenAI revealed that its technology hacked into another AI company on its own during internal testing. Hugging Face CEO Clement Delangue, whose company was hacked, described the "very weird and unprecedented" incident in an interview on "Face the Nation with Margaret Brennan" -- and offered suggestions on how future incidents could be prevented.
Science
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Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Rare video shows humpback whale birth
A photographer operating a drone off the coast of Australia captured a humpback whale giving birth. It's believed to be the first time such a birth has been recorded by a drone.
How plants feel
Science shows us that, even though plants don't have brains, they seem to have a nervous system that responds to touch in remarkable ways. Robert Krulwich and puppeteer Barnaby Dixon explore the science of thigmomorphogenesis (the phenomenon of plants reacting to outside stimulae), a discussion that plants the seeds for a song.
Nearly 30 beluga whales sent to the U.S.
Nearly 30 beluga whales were sent to aquariums across the U.S. in a multinational emergency operation after their home aquarium in Canada shuttered. Jared Ochacher reports.
SpaceX launches first rocket since IPO
Elon Musk's aerospace company, SpaceX, launched its massive Starship rocket in its first test flight since the company went public. Since achieving the largest IPO in history, SpaceX's stock has dropped drastically. Mark Strassmann takes a look.
Crime
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Sheriff in Nancy Guthrie case contradicted himself on ransom note
Investigators in the disappearance of Nancy Guthrie released two ransom notes, including one contradicting what the Arizona sheriff overseeing the case told CBS News.
Nancy Guthrie ransom notes released
Six months after Nancy Guthrie went missing, the Pima County, Arizona, sheriff has released two ransom notes, including one that claims Guthrie died "shortly after she was taken." Jonathan Vigliotti reports.
Deadly shooting at Idaho In-N-Out
Officials say three people were killed and seven were injured in a shooting at an In-N-Out in Idaho over the weekend. Officials believe the shooter acted alone and are investigating possible motives. Lilia Luciano reports.
Nancy Guthrie case is "active," sheriff says
The investigation into Nancy Guthrie's disappearance is still "very active," Pima County Sheriff Chris Nanos said after two ransom notes were released. CBS News' Anna Schecter has more.
Suspect arrested in Greece after U.K. woman's body found in suitcase
Police say the suspect transported the body to an abandoned site in a suitcase and subsequently used her bank cards to withdraw money.
Space
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Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
Could DOJ revive the "anti-weaponization" fund?
GOP Sens. John Cornyn and Thom Tillis formally announced their support for Todd Blanche as attorney general on Monday. This comes after an agreement was reached to end the controversial "anti-weaponization" fund. Rupa Bhattacharyya, legal director at the Institute for Constitutional Advocacy and Protection, joins with analysis.
Martha Stewart | 60 Minutes Archive
60 Minutes interviewed media mogul Martha Stewart several times over the years. In 1995, Morley Safer asked about the difference between Martha Stewart the brand and Martha Stewart the person. Stewart replied, "Well, there's not really much of a difference. I am Martha Stewart and my business has become also Martha Stewart. That's the complicated thing for the people who work with me." Today, the American businesswoman turns 85.
Spain to put containment fence around Ceuta
Spain says it will build a 1,600-foot containment fence around its enclave of Ceuta after thousands of migrants rushed its border with Morocco last week. CBS News' Aidan Stretch reports.
El-Sayed on who belongs in Democratic Party
Democratic Senate candidate Dr. Abdul El-Sayed speaks with CBS News' Ed O'Keefe about his constituency and what he would like the Democratic Party to look like as his primary run against Rep. Haley Stevens reaches its final stretch.
Takeaways from Trump's Oval Office presser
President Trump took reporter questions on the Iran war, the renovation of the reflecting pool in Washington, D.C., and more on Monday. CBS News' Lindsey Reiser and Natalie Brand share their biggest takeaways.