Apple Watch upgrade to expand health monitoring

Today in the connected economy, the Apple watch will integrate improvements to its health applications. Additionally, the Bank of England (BoE) is testing some of the country’s biggest lenders, Google is unveiling new rules designed to prevent advertising fraud, and the Department for Transport is proposing payment standards for electric vehicle charging ( VE).

Apple’s WatchOS 9 takes health monitoring a step further

Apple previewed its upcoming watchOS9 at its 2022 Worldwide Developers Conference this week, digging deeper into health apps for its new wearable update. The latest Apple Watch update appears to confirm that consumers view wearables less as fashionable digital jewelry and more as personal assistants that can make their lives easier, including their health and fitness routines. .

BOE: UK banks must show they can fail ‘safely’

The BoE found that three of the country’s biggest lenders still have work to do to convince regulators they could fail without hurting taxpayers and customers. The central bank made the announcement after its first assessment of whether HSBC, Lloyds Banking Group and Standard Chartered have appropriate measures in place to deal with their – theoretical – collapse. The bank ordered each lender to address its concerns and list the steps it would take to fund itself if it ran into trouble.

Google expands verification for financial services ads

In an effort to combat advertising fraud, Google has expanded its verification program for financial services advertisers to new markets. Google launched the program in September in the UK, where advertisers are required to demonstrate they have approval from that country’s Financial Conduct Authority (FCA). Since then, the company has seen a sharp drop in reports of ads promoting financial scams.

Ensuring the interoperability of charging stations for electric vehicles

Public electric vehicle (EV) charging stations installed with money from the federal bipartisan Infrastructure Act (BIL) could be required to include contactless payment methods if the standards proposed this week are approved. This is one of the possible requirements published by the Federal Highway Administration (FHWA) of the Department of Transportation (DOT). Other proposed standards for payment methods used at electric vehicle charging stations include contactless payment being accepted with all major debit and credit cards, access and service not being restricted by type of membership or payment method, and that plug and charge payment capabilities are required.

Telegram’s paid subscriptions are expected to arrive this month

Telegram is preparing to launch a paid subscription plan for users later this month. Co-founder Pavel Durov said subscribers will have access to a higher limit for chats and file and media downloads when signing up for Telegram Premium. “The only way to allow our most discerning fans to get more while keeping our existing features free is to make these increased limits a paid option,” he said.

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NEW PYMNTS DATA: THE CUSTOM PURCHASING EXPERIENCE STUDY – MAY 2022

About: PYMNTS’ survey of 2,094 consumers for The Tailored Shopping Experience report, a collaboration with Elastic Path, shows where merchants are succeeding and where they need to up their game to deliver a personalized shopping experience.

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