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
By Cody Lee on Sep 8, 2014
Apple is working on a rewards program for its upcoming mobile payment service, according to a new report from Bank Innovation. Citing sources familiar with the matter, the site says the company has been talking with the InterContinental Hotels Group (Holiday Inn, Crown Plaza, etc.) about a possible loyalty partnership.
Additionally, the outlet points out that Apple has recently posted a job opening for a Senior World Wide Partner Marketing Manager. While the title seems ambiguous, the person in this position would be tasked with creating training materials for external partners with the purpose of aiding customer adoption of “new features.” Read More
By Cody Lee on Sep 7, 2014
Bank Innovation is out with a new report this evening, claiming that Apple will be utilizing tokenization technology in conjunction with NFC in its upcoming mobile payment service. Token tech is a favorite amongst financial institutions, as it’s considered to be extremely secure.
How it works is that instead of transmitting account and credit card numbers, tokenization sends complex codes over the air between devices. These codes are only used one time, so even if they are intercepted by a third-party with the intent of fraud, they would be of no use. Read More
By Christian Zibreg on Sep 7, 2014
Here’s another piece of evidence to help complete the Apple mobile payments puzzle: according to a new report by 9to5Mac, Apple and Disney stores in the United States have been upgrading in-store iBeacon transmitters and NFC sensors ahead of the company’s big reveal on Tuesday.
The upgraded sensors, which include the new Gimbal Series 20 Proximity Beacons, will allow the companies to track customers inside their stores with an even greater degree of precision.
As it’s been widely reported, both the iPhone 6 and iWatch are rumored to be outfitted with a Near-Field Communication (NFC) chip to support mobile payments. It’s “one of the hallmark features” of the iPhone 6, according to Wired. The Apple wearable device has “a role in mobile payments,” too, as per The Wall Street Journal. Read More
By Cody Lee on Sep 5, 2014
Recode reports that Apple has signed on the country’s two largest pharmacy chains—CVS and Walgreens—to participate in its new mobile payment service. The company is expected to unveil the service, alongside two new iPhones, at a media event in Cupertino next week.
This is a big deal for a few reasons. For one, CVS and Walgreens have a combined total of over 15,000 retail locations, giving Apple’s new payment service a significant initial footprint. And two, due to the nature of their business, they tend to see a high rate of transactions. Read More
By Cody Lee on Sep 4, 2014
Bank Innovation shares some new details on Apple’s mobile payments project this afternoon, reporting the company has managed to negotiate deals for lower credit card transaction fees with several banking institutions. This includes JP Morgan Chase, Citigroup, Capital One, and Bank of America.
Citing sources familiar with the negotiations, the site says that the banks have all agreed to give Apple a flat transaction rate for both in-store and online purchases, which is fairly uncommon in the industry. They will also apparently give the Cupertino firm a 10% discount on all of its processing fees. Read More
By Cody Lee on Sep 2, 2014
Financial blog Bank Innovation is reporting this afternoon that Apple is in talks with upscale fashion retailer Nordstrom to be one of the early merchant partners for its new mobile system, according to sources with knowledge of the discussions.
It may even already be a done deal. Citing anonymous Nordstrom employees, the outlet says that the department store chain updated its POS (point of sale) terminals a few weeks ago in order to be compatible with the “most recent” iPhone models. Read More
By Christian Zibreg on Sep 1, 2014
A flurry of reports in recent days from the likes of Re/code, Wired, Financial Times, Bloomberg and The Information have pointed to Apple eyeing a pay-by-touch iPhone technology by partnering with some of the world’s biggest payment processors and credit card companies like AmEx, MasterCard and Visa.
The mobile payment feature is thought to involve technologies such as NFC and Touch ID and tap into a pool of more than the 800 million iTunes accounts with credit cards on file.
The question is, do you see yourself using the iPhone 6 as your wallet? Or, maybe you’re the type of person who prefers sticking to plastic and good ol’ cash? Read More
By Cody Lee on Aug 31, 2014
Recode is reporting this morning that Apple has struck a deal with American Express, to work together on its new iPhone payments system. Citing sources familiar with the talks, the site says AmEx is just one of the many credit card firms the company has been talking to for the project.
Apple’s new payments system is expected to allow iPhone 6 owners to pay for things at brick-and-morter stores using the handset. It’s believed that the system will utilize NFC technology, and Recode’s sources say that Apple’s Touch ID tech will be involved in the process at some point. Read More
By Cody Lee on Aug 29, 2014
The Financial Times is reporting this morning that Apple has tapped Dutch chipmaker NXP to produce NFC chips for the upcoming iPhone 6. Citing several people familiar with the project, the site claims the secure, short-range wireless technology will facilitate transactions in a new mobile payment service.
The report doesn’t add much in the way of new details, but it does corroborate with the ongoing consensus that after shunning the technology for several years, Apple has finally decided to add NFC to its handsets. Wired and Recode had similar scoops yesterday, as did well-connected blogger John Gruber. Read More
By Christian Zibreg on Aug 28, 2014
According to sources familiar with the matter who spoke to Wired, the rumors were in fact true as the next iPhone is reportedly going to have a Near-Field Communication (NFC) circuitry and feature an Apple-branded payment platform.
Apple’s contactless mobile payment solution is being described in the report as “one of the hallmark features” of the iPhone 6 when the device is unveiled on September 9 (alongside a rumored Apple wearable device).
“We’re told the solution will involve NFC,” reads the report.
For what it’s worth, the reliable John Paczkowski of Re/code has “been hearing the same” about the NFC-enabled iPhone 6.
Recent leaks of purported iPhone 6 components have indicated that the forthcoming smartphone could indeed be outfitted with an NFC chip by a semiconductor company called NXP, which currently supplies the M7 motion coprocessor for the latest iOS devices. Read More