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 Cody Lee on Sep 6, 2014
9to5Mac’s Mark Gurman is out with a new scoop this evening regarding Apple’s incoming wearable. Citing sources familiar with the project, the well-connected blogger reports that the so-called iWatch will feature support for third-party applications.
In fact, Gurman says that the device will come equipped with an App Store, and apparently a handful of developers have already received a pre-release of the SDK (developer tools). This group includes major social networks, and service companies. Read More
By Sébastien Page on Sep 6, 2014
A new video and several photos of a purported working iPhone 6 have surfaced on Weibo today. The photos and video show what’s believed to be an authentic 4.7 inch iPhone 6, sporting a new wallpaper as well as a new Passbook icon. Even though it is hard to confirm the authenticity of this device, it does seem to show some hints of legitimacy. Read More
By Cody Lee on Sep 5, 2014
TechCrunch is out with a late report this evening regarding Apple’s supply chain movements ahead of next week’s iPhone event. The outlet claims that it has once again taken over a majority of the shipping space out of China, likely to help move its new handsets.
In fact, Apple’s shipping volume is apparently so high right now, that it’s begun displacing shipments from other manufacturers. TC’s Matthew Panzarino says that shippers, such as FedEx and UPS, are so booked up, it’s causing delays for other major device makers. 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 5, 2014
The Information is out with a new scoop this afternoon, offering up some last-minute details on the so-called iWatch. Most of the report corroborates previous chatter, regarding what the device will look like and do, but it does bring a new topic to light: battery life.
According to the site’s Jessica Lessin, people with knowledge of the project have set low expectations for the iWatch’s battery life. These sources say that the uptime on the wearable will be “disappointing,” although Lessin does say that Apple could be sandbagging. 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 3, 2014
Some interesting rumors began bouncing around the tech world earlier today regarding popular Irish rock band U2 and Apple’s big media event next week. The chatter has ranged from the iPhone 6 coming preloaded with the band’s new album, to it performing live after the keynote.
Much of the speculation seems to stem from U2’s secret video shoot in Dublin last week. According to The Sunday Times, the group closed down Samuel Beckett Bridge for the recording and placed black sheets around the set to prevent the public from seeing what they were shooting. 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 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 Cody Lee on Aug 28, 2014
Apple this morning sent out invitations for a media event on September 9th, where the company is expected to unveil the iPhone 6 and a new wearable device. We’ve heard conflicting theories on whether or not we’ll see one or two new handsets on stage, but a new report out this afternoon suggests the former.
According to website GforGames, “informed sources” are telling Chinese media outlets that only the 4.7-inch version of the iPhone 6 will make an appearance at the event, alongside a new 5s model with 8GB of storage. Apparently the larger 5.5-inch iPhone will make its debut later this year in limited quantities. Read More
By Jake Smith on Aug 28, 2014
Apple must be planning big announcements for the September 9th media event that members of the press just got an invite to. Not only is the capacity of the Flint Center much larger than Apple’s usual product unveiling venues, but the Cupertino-based company is constructing its own building on the Flint Center grounds as part of the event. Read More
By Jake Smith on Aug 27, 2014
Apple has plans to launch a wearable, presumably the iWatch, at its September media event alongside two new versions of the iPhone, according to John Paczowski at ReCode. The iWatch was thought to be delayed until an October event, giving Apple more time to finalize its plans, however well plugged-in Paczowski claims the Cupertino-based company has moved up its timeline. Read More