By Christian Zibreg on Aug 13, 2014
Taking the likes of PayPal Here and Square head on, the online retail giant Amazon today unveiled an iOS-connected credit card reader. Dubbed the Local Register, the accessory allows iPhone and iPad owners to accept Visa, MasterCard, American Express and Discover credit and debit cards on their device.
The tiny dongle connects to an iOS device via the headphone jack and has a magnetic stripe that reads data from your credit card and transfers it securely to the device as an audio waveform.
A free mobile app then verifies payment information and completes the transaction using Amazon’s processing backend. Amazon is savagely undercutting both Square and PayPal with lower transaction fees, starting at just 1.75 percent per swipe… Read More
By Cody Lee on Jul 23, 2014
Apple’s long-rumored mobile payment service may be ready in time for iPhone 6, according to a new report from The Information. Talks between the iPad maker and payments companies are said to be heating up, and the service is nearing completion.
Citing ‘people briefed on the talks,’ the outlet says that Apple executives have discussed launching a mobile wallet as soon as this fall, which will allow people to use their iPhones to buy things. Such a service has been rumored for the company for years… Read More
By Cody Lee on Jul 21, 2014
Great news Starbucks-goers. You may soon be able to order your coffee using your iPhone. In a recent interview with Recode, the company’s Chief Digital Officer Adam Brotman said that it plans to start testing a pickup service later this year via its mobile app.
The move comes as Americans are increasingly turning to smartphone-friendly services like Uber and GrubHub. And with nearly 15% of Starbucks’ US purchases now coming via its mobile app, adding the ability to order from it seems like a natural evolution… Read More
By Cody Lee on Jul 16, 2014
Google today announced a significant update for its Google Wallet service. The new version brings about support for gift cards, money requests, and the ability to send money with your debit card for free, and it should be rolling out to iOS and Android apps shortly.
With the new gift card support, users will be able to save their electronic cards to Google Wallet, redeem them in-store, and even check their balances [only at participating merchants]. The Wallet app can even remind you to use your card when you are near stores… Read More
By Cody Lee on Jul 15, 2014
PayPal pushed out an update to its iOS client last night, bringing the app to version 5.5. The update brings about the usual bug fixes and performance improvements, but it also adds a big new feature: support for loyalty cards.
This means PayPal users will be able to carry virtual versions of their favorite loyalty cards—such as Starbucks, CVS, and several other retailers—within the app, essentially making it a one-stop shop for payments and checkins… Read More
By Cody Lee on May 29, 2014
According to a new report from 9to5Mac, Apple executives are in discussions with directors from retail chains over a mobile payment service. Citing sources familiar with the project, the site says the talks have taken place over the past few months at ‘high profile’ retailers.
Apple has long been said to be interested in the mobile payments space, which has several players right now but no clear leader. It’s believed the Cupertino company could leverage its 800 million iTunes accounts and iPhone user base to come in and disrupt the market… Read More
By Cody Lee on May 20, 2014
It seems like every time Apple is about to release a new smartphone, NFC rumors pop up. I’m not sure if some folks just really want the technology to succeed, or think the iPhone needs it to be compatible with various products and services, but the talk has seriously become an annual thing.
And this year is no different. Back in March, analyst Ming-Chi Kuo noted that his supply chain checks signaled that Apple was building NFC chips for its iPhone 6, and earlier this month, Brightwire echo’ed the claim. Today, Morgan Stanley adds its weight to the claim in an investors note… Read More
By Cody Lee on May 13, 2014
According to a new report, the incoming iPhone 6 is going to feature support for NFC technology (or near field communications). Citing sources ‘close to the matter,’ New York news outlet Brightwire says Apple is planning to utilize the wireless tech in a future mobile payment system.
In fact, Brightwire claims that Tim Cook and company have already inked a deal with China UnionPay service. And under that deal, users will be able to make mobile payments on over 3 million China UnionPay ‘QuickPass’ POS machines in the country using Passbook on their iPhones… Read More
By Jake Smith on Apr 17, 2014
The Morgan Stanley Research group in Europe believes Apple has all the ingredients to cook up a proprietary mobile payment system, and makes a case for why the Cupertino-based company may launch it soon.
Primarily, Apple in a way is already the “de facto, in the mobile payment space,” given it has 400 million credit cards on file through its iTunes Store.
One Morgan Stanley executive makes a strong case, based on public information and not insider Apple information, on why it sounds likely:
By Jake Smith on Apr 14, 2014
Get ready to pay for items using Facebook, as the social network is said to be planning a payments service that could launch before the rumored iWallet from Apple.
Facebook hasn’t officially confirmed the service, but it’s working to receive regulatory approval for it in Ireland, according to a report from the Financial Times. The service is said to allow users to store money and make electronic payments through the social network. Essentially, it will put Facebook in competition with Google Wallet, PayPal, Isis, Square, and soon Apple, if the rumors are true… Read More
By Christian Zibreg on Apr 9, 2014
Twitter co-founder Jack Dorsey’s other business venture, the mobile payment startup Square, has a cozy relationship with Apple.
As a case in point, not only does Square develop for iOS first, Apple itself is happy to carry Square’s $9.95 credit card reader for the iPhone and iPad and the $99.95 Square Stand for iPad on its web store.
Moreover, some of Square’s talent comes straight from Apple, including director of engineering for the iPod, iPhone and iPad accessories, Jesse Dorogusker, who recently left the company to join Square.
After allowing Google to buy smart thermostat and smoke detector maker Nest Labs back in January, pundits have observed that Apple should be wise enough to avoid repeating the same mistake twice. Be that as it may, Apple is said to have mulled an acquisition offer for Square.
The possibility of such a deal has been floated on Wednesday as rumors of both Apple and Google discussing a possible acquisition with Square continue to persist. Although CEO Jack Dorsey would reportedly prefer selling the company to Apple, not Google, a deal with Apple is wishful thinking for now… Read More
By Cody Lee on Mar 18, 2014
Bloomberg is reporting this afternoon that Burger King, the second-largest burger chain in the US, is introducing an app next month that will allow customers to pay for their Whoppers with smartphones. The outlet says the move is part of an ongoing effort to lure in young diners.
According to a company spokesman, the program will launch in early April in select stores, and should be available in all of Burger King’s 7,000+ American locations within a “few months.” The chain is also looking at adding the ability to order food and drinks for in-store pickup… Read More
By Christian Zibreg on Mar 12, 2014
Google last month introduced some nice new features for its mobile Wallet app, namely the ability to scan your loyalty cards using the iPhone’s iSight camera and receive notifications for offers from local merchants.
According to a post Wednesday on the Google Commerce Blog, the Internet giant is rolling out a new version of Wallet for iPhone which uses receipts from Gmail to track your online purchases.
The refreshed software is currently being rolled out to US-based customers so keep an eye on the App Store as the app goes live in the course of this week… Read More
By Cody Lee on Mar 6, 2014
Folks who use eBay’s PayPal payment service will be happy to hear that the company updated its iOS client this morning, bringing the app to version 5.4. The update brings about an important new security feature as well as various other improvements.
The new security feature allows you to attach your mobile phone to your PayPal account so that they can be sure it’s you authorizing activity. It does this by linking the phone number(s) of the device(s) you use PayPal on to your 4-digit security PIN code… Read More
By Christian Zibreg on Feb 19, 2014
Originally a Kickstarter campaign, Loop’s mobile payments device, the Fob, is now available for purchase online at the Loop webstore. The $39 adapter has a contactless chip inside and uses patented technology to encrypt your credit card information on a secure memory module. By storing all of your credit cards, the Fob lets you make payments at virtually any terminal in the U.S.
The Boston-based startup has partnered with a bunch of retailers and credit card issuers to make the solution play nice with virtually all of major points of sale in the United States. In addition to the $39 adapter, Loop will also introduce a $99 Loop ChargeCase later this year… Read More
By Christian Zibreg on Feb 7, 2014
Case maker Incipio two weeks ago announced its new iPhone case, the Cashwrap. It brings mobile wallet functionality to the iPhone 4/4s/5/5s by incorporating NFC technology. The case is compatible with the carrier-backed Isis Mobile Wallet app which makes it possible to pay with your device at participating retailers, mass transit systems and more, using an Iris account.
AT&T initially rolled out the Cashwrap to its own retail stores and yesterday the accessory became available to order in Verizon stores nationwide and from the Big Red carrier’s online store… Read More
By Christian Zibreg on Feb 4, 2014
Released last September following the public launch of iOS 7, Google’s Wallet for iPhone application has since seen one major refresh and a couple maintenance updates.
In December, for example, the app gained the ability to authorize users using Single Sign-On and add a credit or debit card to Wallet by taking a picture of the physical card using the iOS device camera.
Wouldn’t it be nice if you could add loyalty cards by scanning? Now you can, thanks to a new Google Wallet version 2.0.13611 update, now available in the App Store… Read More
By Christian Zibreg on Jan 30, 2014
It’s no secret that PayPal and Apple partner on iTunes billing, making the payment giant one of the few billing methods available in iTunes.
Matter of fact, PayPal has existed in Apple’s payment system for years now. It would now seem that PayPal wants to run the iTunes billing backend with other retailers as the company is “willing to white label parts of its payment service,” according to a new report Thursday.
PayPal has a strong, established online presence and they’ve been partnering with a growing number of in-store payment companies so the firm could theoretically help build a rumored Apple-branded mobile payment solution… Read More
By Cody Lee on Jan 27, 2014
Apple just finished up its quarterly earnings call a few hours ago where it offered up sales numbers for the holiday quarter, forecasts for next quarter, and everything in between. Tim Cook even fielded some questions from overly-eager analysts.
While most of these questions were fairly dull, there were a handful of them worth noting, including one about Apple’s plans for the mobile payment space. Obviously Cook wouldn’t answer the query directly, but his response was rather interesting… Read More
By Cody Lee on Jan 24, 2014
The Wall Street Journal is reporting tonight that Apple is looking to develop a new mobile payment service. The outlet says that SVP of Internet and Services Eddy Cue has met with other companies regarding Apple’s plans to use its iOS devices to handle payments.
With hundreds of millions of active iTunes accounts, Apple has one of the largest credit card banks in existence. And pundits have been saying for years that the company could leverage its mega user base by coming up with some sort of mobile payment system… Read More