Tim Cook is so bullish on Apple Pay, the CEO predicted that the next generation of children “will not know what money is”, on a recent visit to the across the pond.
The death of cash will happen sooner than expected, says Cook who told students at Trinity College Dublin that their kids will have no idea what the dead presidents were all about.
Apple Pay and 3D Touch may play a crucial role in Instagram’s quest to develop a more robust marketing platform, based on some new ads the company has started testing.
Instagram has rolled out a number of new ads that let users shop for stuff like clothing, food, skateboards and more by simply using 3D Touch to bring up a menu of options that makes the process of buying goods nearly instantaneous.
Giant drugstore chain Walgreens today announced that Balance Rewards loyalty scheme members can now earn and redeem loyalty points via Apple Pay through Apple Pay — without having to separately scan a Balance Rewards card or barcode.
Living in the U.K. as I do (in contrast to most of my California-based Cult of Mac co-writers), Christmas ads are one of the few bright spots at this time of year.
And Lloyds Bank just kicked off the season with a cracking 40-second ad showing off the fact that it is now well and truly on the Apple Pay bandwagon. The ad tells the story of a girl looking for the perfect Christmas gift for her mom — with Apple’s mobile payment service coming to the rescue.
Check it out below.
Banks may refuse to refund disputed transactions, or help customers who are victims of fraud, if the person in question has their fingerprints stored on a phone or tablet that does not belong to them.
According to a new report, several banks in the U.K. are making the decision now that fingerprints are used to authenticate payments within Apple Pay. Lloyds Bank, for instance, features the following line in its terms and conditions: “If Touch ID is available on your device, you must ensure you only register your own fingerprints (and not anyone else’s).”
Apple, Amazon and Google aren’t exactly techie BFFs, as can be seen from that whole Android vs. iOS thing, or Amazon’s recent decision to boot Apple TV out of its online store.
But you know what can bring the heads of all three companies together? Let’s try a quick pop-quiz.
A) Team-building paintball trip.
B) Romantic candlelit dinner.
C) The promise of lots and lots of cash.
Click below to find out. (Hint: the answer is C.)
Amazon will start taking more advantage of the millions of credit cards it has on file with new “Pay with Amazon” buttons. The expansion to Amazon Payments will allow third-party developers to include these buttons in their mobile apps and have users quickly sign in to process payments. Since all their payment information is already with Amazon, checkout processes should be much speedier without having to reenter everything. It looks like Apple Pay and PayPal need to watch out.
The year of Apple Pay might be starting to plateau after adoption of the mobile payments service exploded through out 2015, according to data from Phoenix Marketing.
Apple Pay is still picking up users one year after launch, but the firm’s data shows that growth has slowed over the last few months. It appears that Millennials aren’t as crazy yet about wallet-free payments as expected. Gen X users have grown the most though with nearly 23% having already signed up for the service in the first year.
Android Pay, the newest kid on the block in mobile phone payments, has found a way to get people using their smartphones to pay for goods and services: loyalty reward systems.
Like similar retail, grocery and airline programs, Android Pay will soon include points for specific purchases to encourage us all to use our smartphones more and more to pay for the stuff we already buy.
Coke is the first program up, according to Google exec Sridhar Ramaswamy, with points to earn each time you use Android Pay to buy a Coke through any one of some 20,000 NFC-enabled Coca-Cola vending machines. You’ll get points that will let you get free Coke, Coca-Cola gets to know where and when people are buying its products and Google gets people to use Android Pay. It’s win-win-win.
Apple Pay is a bit closer to making its debut in China — thanks to a new company, Apple Technology Service (Shanghai) Ltd., which Apple has set up to operate in the Shanghai free-trade zone with the express purpose of running its mobile payment service.
Apple has reportedly seeded the new company with registered capital of $13.4 million, and names Apple’s VP and corporate treasurer Gary Joseph Wipfler as its legal representative and chairman.
Two more major U.K. banks have hopped on the Apple Pay bandwagon. Lloyds and Halifax are now supported by the service, bringing the total number of Apple Pay banking partners in the U.K. to an impressive 11.
Android Pay has begun rolling out to users with support at more than 1 million locations throughout the U.S.
The Apple Pay competitor, which was first unveiled at Google I/O back in May, is available on NFC-equipped smartphones running Android 4.4 KitKat and above, and it’s compatible with a whole host of banks and credit card providers.
There’s no logical reason why Apple Pay transaction costs should be limited, but in the U.K. users have been stuck with a limit of £20 ($30) since the service first debuted in July.
Thanks to the rise of people using both Apple Pay and contactless cards in general, however, that number has now been increased by 50 percent to £30 ($46).
The updated version of the PayAnywhere mobile credit-card reader is set to launch next month, and it will be all about Apple Pay.
This new partnership will help make good on some of Apple head Tim Cook’s bold claims during the company’s most recent earnings report.
Call me cynical, but when I saw the latest ad in the “If it’s not an iPhone, it’s not an iPhone” series Thursday afternoon, I felt a little uneasy.
Sure, there’s over a million stores you can use Apple Pay in, but if this ad is to be believed, they’re all the same corporate-owned stores you’ll see in every mall across the US.
Ugh.
Check out the Apple Pay video below.
Apple Pay might be a while arriving in Australia according to a new report, which claims that the country’s four largest banks are stalling negotiations with Apple so as to hold on to $2 billion per year they earn from merchants for interchange fees.
Samsung’s new phablets aren’t the only thing we got out of its Unpacked event in New York City today; the South Korean company also announced a launch date for its new mobile payments service. Samsung Pay will be coming to take on Apple Pay in the U.S. on September 28.
Tim Cook has claimed that 2015 is going to be the year of Apple Pay, but it might not even face serious competition until 2016.
CurrentC, the payments app in development by the consortium of retailers called MCX, might not launch as soon as the company had hoped, the company’s CEO revealed in a recent interview.
Rite Aid originally banned the use of Apple Pay at its registers when Apple’s contactless payment system launched late last year, but it appears that the store chain is ready to change its stance later this week and let customers pay with Apple Pay.
American Express has announced that it is first major credit card company to allow corporate card holders to pay using Apple Pay.
Describing it as a way to help companies to “streamline their payments systems and simplify their processes,” the announcement means that AmEx card users can now add eligible corporate cards to Apply Pay.
Google will finally launch Android Pay, its brand new mobile payments service, alongside a refreshed Nexus 5 from LG in October, a new report claims. The Apple Pay competitor will take advantage of Android M’s native support for fingerprint scanners.
Apple Music may be doing fantastically in terms of subscribers, but Apple isn’t having quite the same adoption success with Apple Pay, according to a new report.
Payment industry and retail data analysts at InfoScout and PYMNTS claim that the percentage of iPhone 6 users in the U.S. who have tried Apple Pay declined from 15 percent in March to 13.1 percent in June.
Got a hunkering for “Asian-inspired” food but left your wallet at home? If you live near a Pei Wei, ditching your credit card won’t be a problem, as the fast-casual restaurant chain will begin accepting Apple Pay at all of its 197 stores in the United States.
42 percent of iPhone 6 users in the U.S. have used Apple Pay, according to new research from analysts at the The Auriemma Consulting Group.
The same study suggests that Apple Pay is no one-off novelty either, since 84 percent of these users have used Apple Pay for more than three transactions in store, while 76 percent have used it to pay for items in-app.
Apple Pay rolled out in the U.K. this month, and today the service got a bit better, as Apple now supports HSBC and First Direct credit and debit cards in the country.
That brings the total supported U.K. banks and card providers to nine — including Natwest, Santander, Nationwide, RBS, Ulster Bank, HSBC, First Direct, MBNA, and American Express.