Mobile Payment

New report says iPhone 6 likely to feature NFC for future mobile payment service

Cody Lee ∙ Updated January 28, 2019

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...

Analysts make case for why Apple will launch mobile payment system

Jake Smith ∙ Updated April 16, 2018

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:

Facebook reportedly aims to get ahead of Apple with new payments service

Jake Smith ∙ Updated April 16, 2018

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...

Google wants to buy mobile payment startup Square, but CEO wants to sell out to Apple

Christian Zibreg ∙ Updated January 27, 2016

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...

You could be using your iPhone to pay for your burgers next month

Cody Lee ∙ March 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...

Google updates Wallet app with new Orders feature

Christian Zibreg ∙ March 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...

Paypal updated with new security features, Smart Connect support and more

Cody Lee ∙ March 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...

Loop Fob makes swipeless credit card payment via iOS possible

Christian Zibreg ∙ Updated January 24, 2018

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...

Incipio’s Cashwrap NFC iPhone case now available to Verizon customers

Christian Zibreg ∙ Updated January 25, 2018

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...

Google Wallet updated with loyalty card scanning, notifications for local merchants

Christian Zibreg ∙ February 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...

PayPal reportedly offers to run Apple’s rumored mobile payment service

Christian Zibreg ∙ January 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...

Tim Cook: mobile payments ‘one of the thoughts behind Touch ID’

Cody Lee ∙ January 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...