An ‘EasyPay’ concept that imagines how Apple could handle mobile payments.
The five largest banks in the U.S. have reportedly struck a special deal with Apple for its upcoming mobile payment platform.
According to Bank Innovation, Apple has managed to negotiate a lower transaction fee with American Express, JP Morgan Chase, Citigroup, Capital One, and Bank of America. How? By convincing them that Touch ID and location-aware NFC will make its mobile payments more secure.
Many Android phones have come equipped with NFC for years.
After years of reports saying that NFC is coming to the iPhone for mobile payments, it looks like it will finally be a reality on September 9th.
Part leaks have indicated that Apple’s next-gen iPhone hardware will indeed be equipped with NFC to make transactions for physical goods at brick and mortar stores. Now Apple has struck a partnership with American Express, Visa and MasterCard to support mobile payments in the iPhone 6, according to new reports.
The iPhone 6 is going to attempt to replace your wallet, according to a report from Wired, claiming Apple’s mobile payment system will debut as a major feature in the iPhone 6, and NFC is a key piece of the puzzle.
Apple’s mobile payments platform will take on Google Wallet, Square, and others this September by adding NFC and a secure element to store all your credit cards info on the iPhone 6, allowing users to make NFC payments with retailers with out having to fumble around with your cash or credit card.
Apple’s big plan for mobile payments could debut as early as the iPhone 6 this fall, according to a new report from The Information. While the company has been in talks with major players in the payments industry for a while, its efforts haven’t made it into the light of day yet.
The mobile “wallet” would allow the user to pay in the real world using just their iPhone, and Apple already has the security feature in place to make it all work seamlessly.
Want to be able to order and pay for burgers using your iPhone?
Burger King has announced that it will be releasing a dedicated mobile app, featuring a Passbook-style virtual card that allows users to load on cash and then use this to make payments.
According to an article published by Bloomberg, the Burger King app will also include “coupons for deals, such as $1 any-size drinks and free fries, as well as nutrition facts.” A feature allowing you to place an order for pick-up at a later time will additionally be included.
An iPad, Square, and an internet connection is all you need to run a small business.
Square, the mobile payment startup that lets you pay for your coffee with an iPhone app, has announced a new product for small business owners. Since Square already specializes in helping merchants use the iPhone and iPad to process payments, the company is launching what it’s calling a “Business in a Box.” The package includes an iPad stand, cash drawer and optional receipt printer. It lets Apple’s tablet totally replace a traditional cash register.
After delays, Isis will launch its NFC-based digital wallet in just two U.S cities.
After months of delays, Isis has announced the debut of its mobile payment system. A joint venture by AT&T, T-Mobile, and Verizon, Isis made news earlier this year at the Mobile World Congress in March, but has been pretty quiet since then. During that quiet period a number of other players in the mobile payment market have stolen the spotlight and announced major deals.
Apple is expected to eventually unveil its own mobile payment system, one that will most likely be based around the iTunes Store payment system, but hasn’t made announcements beyond iOS 6’s Passbook feature. Apple has also kept quiet about whether it will include NFC chips used in some mobile payment systems in the upcoming iPhone 5, which some analysts and pundits consider a barrier to entry into the mobile payment market.