By Christian Zibreg on Apr 21, 2015
Apple Pay is picking up steam and has hit an important milestone: the service is outperforming PayPal in mobile payments, according to a new 451 Research survey shared with iDownloadBlog on Tuesday. It’s been gaining momentum in the mobile payments space since becoming available six months ago, primarily at the expense of PayPal.
The March study, conducted by 451 Research’s ChangeWave service, consisted of 4,168 respondents primarily based in North America, and looked at planned use of mobile payment applications and the issue of security.
Respondents interested in buying an Apple Watch are twice as likely (54 percent) as all other smartphone owners to say they’ll use mobile payment apps (29 percent said ‘Very Likely’ and 25 percent said ‘Somewhat Likely’).
And overall consumer interest in Samsung’s mobile payments service (which is launching this summer) sits at a meager eight percent of respondents who are ‘Very Likely’ or ‘Somewhat Likely’ to use Samsung Pay in the future. Read More
By Christian Zibreg on Apr 17, 2015
It appears that the rumor which asserted that talks about bringing Apple Pay to more countries were stalling isn’t entirely accurate after all. As CNBC tweeted out on Friday, based on a Dow Jones report, Apple aims to launch Apple Pay in Canada this fall, marking the start of its international expansion of the mobile payment service.
Apparently, the Cupertino firm is in talks with the country’s six biggest banks about a potential November launch for Apple Pay’s first venture outside the U.S. Read More
By Cody Lee on Feb 24, 2015
Chase Bank has provisioned over one million wallets with Apple Pay since the service launched in October 2014. As noted by AppleInsider, the company made the announcement during an investors conference call on Tuesday.
“We continue to see good growth in the number of consumers that are provisioning Chase cards in their Apple Pay wallet,” said Chase’s Eileen Serra. “And as more merchants adopt, I would expect to see more traction here, as well.” Read More
By Christian Zibreg on Feb 24, 2015
Tuesday, financial services corporation and credit card issuer Visa announced that it will be rolling out tokenization technology in Europe by mid-April, a move that could speed up the arrival of Apple Pay and other new contactless payment services to the 743 million people continent.
The payment tokenization technology will be “be at the heart of new mobile payment solutions.” Needless to say, Apple Pay has mainstreamed tokenization, which basically replaces sensitive credit card and payment information with a one-time digital token exchanged between your iPhone and an NFC-enabled payment terminal. Read More
By Christian Zibreg on Feb 10, 2015
Sky is definitely not the limit for Apple’s mobile payment service as JetBlue Airways announced on Tuesday that it will very soon start accepting Apple Pay for in-flight purchases of premium offerings, such as EatUp snack boxes and à la carte food options from the EatUp Café, premium beverages, onboard amenities and Even More Space seating.
The airline will start accepting Apple Pay on select JetBlue transcontinental flights from New York to Los Angeles and San Francisco in mid-February. Apple Pay will roll out to additional flights beginning in March, with all JetBlue flights accepting Apple Pay by June. Read More
By Christian Zibreg on Jan 27, 2015
Western Union just issued a press release this morning announcing that its rolling out support for Apple Pay at thousands of its flagship locations and kiosks. By accepting Apple Pay, customers will be able to transfer money and pay bills via Western Union with their iPhone and Apple Pay. Read More
By Christian Zibreg on Dec 22, 2014
Disney World confirmed this morning that it will be accepting Apple Pay starting Wednesday, Dec. 24.
Supporting Apple’s mobile payment solution by Disney’s theme park empire in time for the holidays will allow visitors who own an iPhone 6 or iPhone 6 Plus to use it to make contactless payments.
Apple Pay will be accepted in most Disney World stores, quick service restaurants, bars and to purchase tickets. Read More
By Christian Zibreg on Dec 16, 2014
Re/code is reporting that Samsung is prepping a response to Apple Pay in the form of its own mobile payment solution that doesn’t require NFC and should support virtually 100 percent of credit cards and payment terminals.
The service should be announced sometime in 2015 as the South Korean giant is reportedly in talks with the Burlington, Massachusetts based mobile payments startup LoopPay about possibly incorporating their technology into its wireless mobile payment system. Read More
By Christian Zibreg on Dec 16, 2014
The Internet giant Google has upped the ante in the mobile payment arena with Tuesday’s refresh to its Wallet iOS app. The new version brings out support for Touch ID allowing owners of the iPad Air 2, iPad mini 3 and the iPhone 5s and onward to unlock the app with their finger.
And with native display support for the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus display resolutions, the app now takes full advantage of the screen real estate available to owners of Apple’s latest handsets. Read More
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