By Christian Zibreg on Nov 21, 2014
Square, the increasingly popular mobile payment and processing firm, is going to support Apple Pay soon. That’s the gist of a comment CEO Jack Dorsey (who co-founded Twitter) made speaking with CNN Money. Apple Pay integration in the Square Reader will require a new hardware iteration of the accessory with built-in NFC circuitry.
Apple Pay, which also relies on NFC, will become available as an option for Square users sometime in 2015. Read More
By Christian Zibreg on Nov 20, 2014
America First Credit Union said in a media release Thursday that cardholders can now use its America First Visa credit and debit cards with Apple Pay. In addition, as explained in a FAQ outlining the service, customers can also use their Visa Business credit and debit cards with Apple’s mobile payment service.
Apple Pay is accepted at more than 220,000 retailers and does not require any special merchant equipment aside from a standard NFC-enabled terminal. Read More
By Cody Lee on Nov 19, 2014
PayPal has announced that its popular mobile payments app is now available for the Pebble smartwatch. In a blog post, first spotted by VentureBeat, the company said that owners can now pay for goods and services at select locations using their Pebble, linked to their PayPal account.
Users can make PayPal payments using one of two methods: by checking into a store using the PayPal app, or by providing the store with an auto-generated payment code. Both ways require that the particular location support PayPal payments, and the latter requires special POS hardware. Read More
By Cody Lee on Nov 18, 2014
Snapchat updated its iOS client today, bringing the app to version 8. The update activates the company’s new ‘Snapcash’ money transfer service, which it announced yesterday, that allows users to quickly send money to one another by simply sending a message.
Snapcash is a collaborative project between Snapchat and Square, built using the SquareCash concept. SquareCash allows users to send money via email, text message and Bluetooth with little friction, so it’s not hard to see how they made the jump to Snapchat. Read More
By Christian Zibreg on Nov 17, 2014
Snapchat, the popular ephemeral photo messaging application, on Monday said it’s partnered with Square, Twitter co-founder Jack Dorsey’s mobile payments startup, on a new service allowing Snapchat users to send and receive money.
Dubbed Snapcash and billed as the first Snapchat product created in partnership with another company, it’s simple and easy to use just like Square’s SquareCash service. Read More
By Cody Lee on Nov 15, 2014
The New York Times reported on Friday that Apple Pay now accounts for 50% of the tap-to-pay transactions at all of McDonald’s 14,000 US stores. Additionally, the outlet claims that Walgreens’ mobile payments at its 8,000+ stores have doubled since the service launched.
The figures were nestled in a broader piece regarding Apple’s role in mainstreaming mobile payments. Google Wallet and Softcard—backed by AT&T, T-Mobile and Verizon—both say that Apple Pay has been a huge tailwind, as they’ve seen an increase in usage since it debuted. Read More
By Christian Zibreg on Nov 10, 2014
Airbnb, a popular mobile travel-planning app, issued an update during the weekend which added Apple Pay support to its iOS app. Of course, the ability to book your future trips with Apple Pay requires an iPhone 6 or iPhone 6 Plus for the time being.
But with the debut of Apple Watch in early 2015 Apple Pay will be supported on older iPhones that lack NFC, from the iPhone 5 onward.
The sign-up experience is reworked to remove friction, KakaoTalk sharing is new and a simplified Account screen makes managing settings less cumbersome than before.
Airbnb is available free in the App Store. Read More
By Christian Zibreg on Nov 3, 2014
Apple’s press release announcing Apple Pay said the mobile payments service would later come to Barclaycard, Navy Federal Credit Union, PNC Bank, USAA and U.S. Bank. Monday, U.S. Bank confirmed in a media release that customers can now start using Apple Pay, followed by a similar press release from Navy Federal and multiple reports from readers confirming Apple Pay working for PNC, Barclaycard and M&T customers.
The iPhone maker’s support document outlining supported Apple Pay cards and banks had not been updated at post time with new information. Read More
By Christian Zibreg on Oct 29, 2014
The whole CVS/Rite Aid/Apple Pay controversy is about to get uglier as MCX, the consortium of retailers who back the competing CurrentC mobile payment system, on Wednesday responded to accusations that it was purposefully blocking Apple Pay, Google Wallet and other NFC-based payment solutions and requiring participating retailers to use CurrentC exclusively.
Apple Pay has been praised for being secure and protecting your privacy by not sharing customer or transaction data with merchants. According to MCX, it does not store sensitive customer information in the mobile app. Instead, users’ payment data is stored “in our secure cloud-hosted network”.
Maybe I’m reading their blog post wrong, but if customer data and especially payment information is stored in the cloud, then it’s not secure and this is precisely why Apple Pay is, in my personal opinion, better. Read More
By Cody Lee on Oct 27, 2014
Apple has commented on the recent chatter regarding Rite Aid and CVS disabling Apple Pay over the weekend, telling BusinessInsider that it’s working to bring on as many merchant partners as it can for its newly launched mobile payment service.
Late last week, reports began popping up that Rite Aid stores were disabling support for Apple Pay and other NFC-based payment services, and over the weekend, CVS followed suit. The two retailers confirmed the moves today via press statements. Read More
By Christian Zibreg on Oct 24, 2014
Repeating his favorite line that China, home to 1.33 billion people, is a key market to Apple, CEO Tim Cook said bringing Apple’s revolutionary mobile payments system to the country “is on the top of the list”.
“China is a really key market for us,” Cook told state-run Xinhua news agency Friday. ”Everything we do, we are going to work it here. Apple Pay is on the top of the list.”
Cook and his teams at Apple were still “seeking to understand” the steps needed to make Apple Pay a reality for Chinese customers, the report added. Read More
By Christian Zibreg on Oct 24, 2014
In just two short days following Amazon’s confirmation that it’s been working to enable its Chasse-issued Amazon.com Rewards Visa co-branded card for use on Apple Pay, users can now load that card in Apple’s mobile payments software, according to TechCrunch and reports on MacRumors forums, Reddit, Twitter and other social media channels on Friday.
Apple Pay users should now be able to add their Visa Rewards card in Apple Pay, either by entering the card details manually or snapping a picture of their card with the iPhone’s camera. Twitter reports prove that doing so puts the correct card image with the Amazon logo in the Passbook application. Read More
By Sébastien Page on Oct 10, 2014
With Apple Pay set to launch later this month with support from big retailers such as Macy’s, Staples, Disney Store, and many more, there has been some drama building regarding the fact that Apple still has a lot of work to do to convince some big names to get on the Apple Pay bandwagon.
A post on the Daily Dot today exemplifies this, claiming that Pizza Hut, Chipotle, and H&M, Coach, Bed, Bath & Beyond, Sears, Kmart, BP, Starbucks, and more don’t plan on offering support for Apple Pay.
This sure makes for great headlines, but this kind of post usually fails to omit that retailers aren’t against Apple Pay, they’re just not on board with updating their costly point of sale systems. Read More
By Christian Zibreg on Oct 7, 2014
Twitter co-founder Jack Dorsey’s mobile payments startup, Square, on Tuesday issued a nice update to its free Cash for iPhone software which now allows you to transfer money via short-range Bluetooth networking using a new “Nearby Payments” feature.
This is in addition to the ability to send money via text message, email or mobile phone numbers (for free), a feature the startup added to the Cash app in late-August 2014. This release of Cash also features the ability to quickly approve or decline money requests with actionable push notifications and contains other improvements and bug fixes.
Square Cash is a free download from the App Store. Read More
By Christian Zibreg on Oct 6, 2014
As Apple gears up to mainstream mobile payments with the recently announced Apple Pay service launching later this month, the social networking giant Facebook is developing its own peer-to-peer payment service that should allow users of its Messenger software to transfer money between themselves, as discovered by iOS developer Andre Aude.
The solution simplifies money transfers by levering the existing Messenger infrastructure and user interface, allowing users to pay for goods directly in the chat window just like you would attach a photo or a location. Read More
By Christian Zibreg on Sep 29, 2014
Apple has hired Mary Carol Harris, former Director of Mobile at Visa Europe to help bring the NFC-based Apple Pay mobile payments system to Europe, PaymentEye reported Monday.
She’s been with Visa since 2008 and previously headed up NFC at Telefónica, Spain’s leading multinational by market cap and one of the largest private telecommunications company in the world.
Introduced alongside new iPhones earlier this month, Apple’s mobile payments solution is scheduled to debut in the United States on the iPhone 6 and iPhone 6 Plus in October, and on the Apple Watch early next year, extending the service to over 200 million owners of the iPhone 5, iPhone 5c and iPhone 5s devices worldwide.
Harris has fourteen year experience in digital and mobile payments, including NFC technology utilized by the Apple Pay. Harris’s LinkedIn profile lists her an employee of Apple Europe. Read More
By Cody Lee on Sep 12, 2014
Apple has negotiated a never-before-seen deal for its new mobile payment system, according to a new report from the Financial Times. Citing sources familiar with the terms of the agreement, the outlet says that the Cupertino firm stands to make 15 cents of every $100 spent (or 0.15%) using Apple Pay.
We knew that Apple stood to make a lot of money from its new Pay service, but this is the first time we’re hearing hard numbers. “It’s unprecedented,” says Dickson Chu, former engineer at PayPal and Google Wallet. “It’s somewhat surprising that Apple was able to negotiate something Google couldn’t.” Read More
By Christian Zibreg on Sep 10, 2014
Discover will be joining Apple’s proximity mobile payment system called Apple Pay “in the future,” allowing iPhone 6 and Apple Watch owners to pay for goods and services using Discover’s credit cards stored in the Passbook application, the company confirmed in a tweet last evening following Apple’s press conference.
”No need to worry,” reads the tweet. “We are in discussions with Apple to add Discover cards to Apple Pay in the future”. Read More
By Cody Lee on Sep 9, 2014
It turns out the rumors were true, Apple has been putting together a new mobile payment service, and it introduced it on stage today as “Apple Pay.” The service involves adding your credit cards to Passbook, and waiving your iPhone in front of what looks like an NFC reader to pay for goods and services in-store.
Apple says that security and privacy are very integral to Apple Pay. It doesn’t store your credit card numbers, nor does it transfer them to the merchant, and it doesn’t log what you buy or how much you pay for it. It simply creates a complex number for your card, and uses a one-time code for when you make payments. Read More
By Cody Lee on Sep 9, 2014
In a last-minute scoop, Bank Innovation reports that it has learned that both Square and PayPal have been working with Apple on its mobile payment solution. Sources tell the site that both companies have been aware of Apple’s so-called ‘iWallet’ payments initiative for a while now, and are updating their services to support it. Read More