Farmers offering access to Apple Pay


August 30, 2016 at 12:00a.m.

Farmers offering access to Apple Pay

CANFIELD

Farmers National Bank is offering its customers access to Apple Pay, a mobile app.

This new option gives the bank’s customers a fast and secure way to make payments, according to a bank news release. Customers can set up the mobile-payment service by adding their Farmers Debit Card to Apple Pay.

When adding a credit or debit card with Apple Pay, the actual card numbers are not stored on the device nor on Apple servers. Instead, a unique device account number is assigned, encrypted and securely stored in the “secure element” on a customer’s device. Each transaction is authorized with a one-time unique security code, instead of using the security code from the back of the card.

Home Savings renovating Boardman office

BOARDMAN

Home Savings is investing $1 million to renovate its Boardman office, 7525 Market St. Remodeling began this month, with the project expected to be complete in January 2017.

The groundbreaking ceremony will take place at 5 p.m. today.

Representatives from Home Savings, including Gary Small, president and CEO, and Frank Hierro, Mahoning Valley Regional president, as well as local officials are scheduled to attend.

Apple expected to unveil new iPhone

SAN FRANCISCO

Apple is expected to show off a new iPhone next week when the company has its fall product launch event in San Francisco.

The tech giant announced the date for the Sept. 7 launch by sending out invitations to technology journalists and industry analysts Monday.

Apple didn’t provide any details, in keeping with its usual practice, but it traditionally announces one or two new iPhone models at its annual September event. Apple also may show new models or features for other products such as the Apple Watch or Macbook computer.

The Cupertino, Calif., company sold more than 214 million iPhones over the past 12 months. But sales are down from a year ago, and analysts will be watching closely to see what changes Apple has made in the newest models.

Consumer spending in US posts slower growth in July

WASHINGTON

American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly.

Spending grew 0.3 percent in July after a 0.5 percent increase in June, the Commerce Department reported Monday. The slowdown had been expected given an earlier report that retail sales were flat in July. Incomes grew 0.4 percent in July, up from a 0.3 percent increase in June.

Economists are counting on solid gains in consumer spending, which accounts for 70 percent of economic activity, to power overall growth in the second half of the year.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1210.260.26Aqua America, .71 31.030.16

Avalon Holdings,3.23-0.01

Cortland Bancorp, .2815.300.25Farmers Nat., .169.680.22

First Energy, 1.44 32.600.28

Fifth/Third, .5219.810.12FirstMerit Corp., .6821.610.37

First Niles Financial, .1224.9915.99

FNB Corp., .4812.390.06

General Motors, 1.5231.810.28

General Electric, .9231.360.13

Huntington Bank, .28 9.760.07

iHeartMedia Inc.,1.440.00

JP Morgan Chase, 1.9266.950.73

Key Corp, .3412.320.00

LaFarge, .3417.570.00

Macy’s, 1.51 38.690.13

Parker Hannifin, 2.52 123.740.50

PNC, 2.0487.921.23

Simon Prop. Grp., 6.40215.691.93Stoneridge 17.76-0.05

Talmer Bank, .20 23.590.17

United Comm. Fin., .10 6.53-0.01

Selected prices from Monday’s 4 p.m. close.