PayPal just adopted passkeys as an easy and secure log in method for user accounts. Users with an iPhone, iPad or Mac will be the first able to take advantage of the passwordless biometric security system because Apple built support for it into its devices.
Passkeys are an improvement over passwords, as they can’t be phished, stolen or guessed.
eBay is giving shoppers the ability to purchase items with Apple Pay this fall.
The service will become a primary payment option on the eBay website and in the mobile app. A small group of Marketplace customers will get the chance to try it before it rolls out to everyone in a few years.
iOS 11’s Apple Pay Cash feature will support peer-to-peer payments, but PayPal’s CEO wants people to know that its similar Venmo app hasn’t been “Sherlocked.”
That refers to an app or service that is developed by a third-party, only for Apple to start providing exactly the same functionality in a system update. It’s a devastating move that can have a disastrous impact on companies.
Here’s why PayPal’s CEO doesn’t think Venmo will fall into the same trap.
Apple and dozens of other top tech companies filed a Supreme Court brief today in support of a transgender boy’s fight for equality.
In the case, Gavin Grimm, a transgender student from Virginia, is suing the Gloucester County School Board for creating a bathroom policy he says discriminates against transgender students by separating them from their peers.
Mainland China is Apple’s second biggest market, and will one day be its first. Apple is making a big push on the mainland, opening new stores and investing in home-grown companies. Why the interest? Because China is the new Japan — it’s where the future is happening. All this week we take a look at the cutting-edge apps that define mobile life on the mainland.
SHANGHAI CITY, China — The common question when conducting any kind of financial transaction in China is: “Cash or Zhifubao?” I have used Alipay in a wide variety of settings — paying for products online or meals at restaurants, sending rent money to my landlord, or squaring up with a taxi driver. It was easy to set up, after I spent all of 15 minutes creating a Chinese bank account at my local branch of the Industrial and Commercial Bank of China.
Using Apple Pay to buy items has been limited to physical retail stores and apps, but Apple is reportedly planning to rollout the service soon to mobile websites, putting it in closer competition with PayPal and other platforms.
The mobile website version of Apple Pay will allegedly be ready in time for the 2016 holiday shopping season. Once launched, the mobile version will allow shoppers to complete purchases using their fingerprint rather than entering credit card info on websites.
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.
Post-Apple Pay, everyone is looking to Cupertino when it comes to innovation in the mobile payment sector. eBay is no different — with the online auction company starting up a new division, designed especially to develop payment-related technology.
And wouldn’t you know it? It’s filling it with ex-Apple folk.
Apple Pay’s launch in the U.S. next month is being supported by some of the biggest players in the payments industry in the country except PayPal, but according to a report from Banking Innovation, Apple actually wanted PayPal to be the “preferred payment process” for Apple Pay.
Talks between PayPal and Apple began at the early stages of Apple Pay’s development, but after PayPal decided to partner with Samsung on the Galaxy S5, Apple execs got so mad they nuked the talks altogether.
PayPal is feeling threatened. After Apple announced its new mobile payment platform Apple Pay last week, PayPal took out a full-page ad in The New York Times, blasting Apple’s security record in the wake of the celebrity nude scandal.
Earlier today we reported on how Apple’s new iTunes Pass feature hints at Apple’s interest in mobile payments. However, Apple’s not the only company interested in this area.
Last night, PayPal updated its iOS client with one important new feature, allowing it to support loyalty cards. That means that PayPal’s app can become your one-stop-shop for payments and checkins for some of your favorite stores, including Starbucks, CVS, and others.
Apple holds one of the world’s largest collection of active credit cards in the world thanks to iTunes, yet despite all that purchasing power, it has only recently begun to look into processing payments for physical goods, and PayPal is desperate to play a role in the action.
Payment industry executives say that PayPal is pitching Apple hard to let it in on the company’s rumored payment initiative, according to a report from Re/code. At this point, executives aren’t sure what type of tech Apple wants to use, or even how big a role it wants to play in the industry, but they’re willing to go as far as white-labeling their payments service, just so Apple will use it.
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PayPal has been making a creep into gift cards lately, announcing just a week ago that it would start accepting prepaid gift cards as a form of payment online. Now it’s going even further, launching a digital gifts store where you can buy iTunes Gift Cards and, for now, only iTunes Gift Cards.