| Cult of Mac

Apple Pay is now bigger than MasterCard

By

A major regulator points at Apple Pay Later to express concern over Big Tech entering the short-term loan business.
Apple Pay adoption keeps growing by leaps and bounds.
Photo: Apple

Apple Pay is now handling over $6 trillion in transactions a year, according to new research. That means the iPhone’s wireless payment system is now bigger than MasterCard and Alipay.

Since its inception in 2014, analysts report that Apple Pay has slowly grown to the point where a large majority of iPhone users now have it activated.

Want to support national parks? Use Apple Pay this week.

By

The Southwest Conservation Corps’s Leaders of Color crew provides a supportive space for aspiring BIPOC conservationists to break into the field.
The Southwest Conservation Corps’s Leaders of Color crew provides a supportive space for aspiring BIPOC conservationists to break into the field.
Photo: National Park Foundation/Jeremy Wade Shockley

Apple pledged Monday to donate $10 to the National Park Foundation (NPF) for many Apple Pay purchases. If you buy via Apple Pay on apple.com, in the Apple Store app or at a U.S. Apple Store through August 28, you’re helping national parks.

Cupertino said it’s a way to celebrate 106 years of the U.S. National Park Service. And you can also enjoy special content and collections on Apple Maps, Apple Podcasts and more.

New Apple Pay promotion offers up to 70% off at major retailers

By

Apple Pay fun in the summertime: Get big discount from 13 retailers.
Apple Pay fun in the summertime: Get big discount from 13 retailers.
Photo: Apple

Cupertino sent out a new summer-themed Apple Pay promotion Thursday with special deals on clothing, shoes, accessories and more. You can get up to 70% off items from GOAT and significant discount from a dozen other retailers. That means you can get the crazy-looking Yeezy 450 ‘Sulfur’ sneakers for $157 (regularly $200).

The discounts come from popular stores like Crocs, Ray-Ban, J.Crew, Lands’ End, Gymboree, Matt & Nat, The RealReal and others. Hit the links below.

3 quick video ads tout Apple Pay security advantages

By

3 quick video ads tout Apple Pay security advantages
Apple points out the security weaknesses of physical credit cards.
Screenshot: Apple

The iPhone’s wireless payment system is more secure than credit cards, and Apple wants to make sure everyone knows it. That’s why the company created three short video ads to show off the advantages of Apple Pay.

Watch them now to learn more about the contactless payment system built into certain Apple devices.

Class-action lawsuit claims Apple Pay blocks competition

By

The lawsuit alleges that Apple Pay blocks the competition from tap-to-pay.
The lawsuit alleges that Apple Pay blocks the competition from tap-to-pay.
Photo: Apple

Apple violates U.S. antitrust law by making sure Apple Pay is the only e-wallet way to tap to pay via an iPhone, iPad or Apple Watch, a new class-action lawsuit filed Monday alleges.

The complaint says Apple profits illegally to the tune of $1 billion a year or more by blocking competitors like Google Pay and Samsung Pay from offering tap-to-pay transactions on Apple devices.

Apple Pay gets close to letting you chop up your credit cards

By

Apple Pay gets close to letting you chop up your credit cards
You might be surprised how many businesses let you pay with your iPhone.
Graphic: Ed Hardy/Cult of Mac

After a mishap, I recently had to go on vacation without a credit card. I was ready with cash but it never mattered – to my surprise, wireless payments and Apple Pay let my iPhone make all the purchases I needed.

It’s clear we’re really not far away from physical credit cards becoming obsolete. That’ll be one less hassle in our lives.

EU may soon force Apple to open iPhone NFC to other payment services

By

Apple Pay heads south of the border, down Mexico way
iPhone users might soon be able to use tap-to-pay with non-Apple payment systems. In the EU, anyway.
Photo: Apple

The European Union reportedly plans to accuse Apple of violating the law by limiting access to the iPhone’s NFC capabilities to the company’s own payment system. The goal is to give rival systems like PayPal access to the iPhone’s convenient tap-to-pay function.

Apple claims the limitation is there to protect users’ financial information. The EU calls it anticompetitive.

Cupertino offers deals to ‘Make Mom’s day with Apple Pay’

By

Do Mother's Day with Apple Pay this year.
Do Mother's Day with Apple Pay this year.
Photo: Apple

As you may have nervously noted, given past lapses (You? Never!), Mother’s Day is fast approaching. It falls on Sunday, May 8. To help you out, Apple sent out a series of Apple Pay promotions Wednesday that’ll save you a few bucks on thoughtful gifts for mom.

Discounts are outlined below. And in case you missed it, Apple also put out a gift guide for the occasion.