Swiss banks accused of colluding to hurt Apple Pay

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doxo Apple Pay
Apple Pay arrived in Switzerland in 2016.
Photo: Jim Merithew/Cult of Mac

Switzerland is opening up an investigation into whether major banks colluded to fight off the threat of mobile payments services such as Apple Pay.

The banks, which include Credit Suisse and Switzerland’s top bank UBS, supposedly wanted to boost the Swiss mobile payment service TWINT. As a result, they are alleged to have blocked their credit cards from working with Apple Pay and the rival Samsung Pay service.

How the Galaxy S8 stacks up against iPhone 7

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Galaxy S8 in hand
Galaxy S8 is the smartphone to buy, says Consumer Reports.
Photo: Samsung

Samsung delivered the Galaxy S8 series today, and the phones are everything fans hoped they would be. The gorgeous, curved-glass form factor packs the latest specifications, stunning Infinity Displays and features like iris scanning.

But how do the Galaxy S8 and Galaxy S8+ stack up against iPhone 7 and iPhone 7 Plus?

Samsung Galaxy S8 sets a high bar for this year’s iPhone

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Galaxy S8
The Galaxy S8 is a stunner.
Photo: Samsung

Samsung today unveiled its stunning new Galaxy S8 and Galaxy S8+, setting a high bar for this year’s iPhone refresh.

The Android flagship is packed with impressive features and stellar specifications, and it sports a gorgeous curved glass design with an edge-to-edge Infinity Display. It’s the most impressive smartphone we’ve seen so far this year.

Apple rejects Samsung Pay app for iOS

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Samsung Pay won't be coming to iPhone.
Photo: Samsung

Samsung has decided to abandon its attempt to bring its mobile payment service to iOS after Apple rejected the company’s new Samsung Pay Mini app.

The app would have allowed users to checkout with Samsung Pay when shopping online on their iPhone, but Samsung says it will now focus exclusively on Android.

A guide to Apple Pay and its fiercest competitors

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Apple Pay iPhone
Yet another reason to use Apple Pay.
Photo: Jim Merithew/Cult of Mac

When Apple CEO Tim Cook announced Apple Pay in October 2014, only about 2.7 percent of retailers that accepted credit cards had the technology to compatible with the mobile wallet. In 2015, only 0.2 percent of sales were made with mobile wallets, according to survey by research firm eMarketer. However, that same research firm predicts that by the end of 2016, nearly one in five smartphone users will use mobile payments.

After several years of various mobile wallets trying to gain momentum, three factors — all are related to the switch most retailers made last October to accept chip cards (also called EMV) — are predicted to drive a big shift towards mobile wallets. Updates at retailers to accept EMV cards also often include compatibility for near field communication (NFC), the tap-to-pay technology used by many mobile wallets.

Samsung Gear S2 to gain iPhone support this month

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iPhone is getting a new companion in Gear S2.
Photo: Killian Bell/Cult of Mac
iPhone is getting a new companion in Gear S2. Photo: Killian Bell/Cult of Android
iPhone is getting a new companion in Gear S2. Photo: Killian Bell/Cult of Android

Samsung’s Gear S2 smartwatch will get an update that adds iPhone compatibility by the end of this month, according to a new report.

The move will allow Samsung to compete with the Apple Watch in its own backyard, but some features — such as Samsung Pay — will be lost when the wearable is connected to iOS.

Surprise! Samsung disses Apple yet again in its latest ad

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Samsung Pay has a big advantage over Apple Pay.
Photo: Samsung
Samsung Pay has a big advantage over Apple Pay. Photo: Samsung
Samsung Pay has a big advantage over Apple Pay. Photo: Samsung

Samsung has long subscribed to the “If you can’t beat ’em, release a load of ads making fun of them” strategy when it comes to smartphone rival Apple.

In its latest ad, the South Korean tech company keeps this trend alive by recruiting comedian Hannibal Buress to show off Samsung Pay’s big advantage over Apple Pay.

And — you know what — as far as petty ads taking shots at your rivals go, this one actually isn’t bad.

Target hopes for bull’s-eye with its mobile wallet

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Apple Pay, Android Pay, Walmart Pay... and now Target Pay?
Photo: Mike Mozart/Flickr CC
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Apple Pay, Android Pay, Walmart Pay… and now Target Pay? Photo: Mike Mozart/Flickr CC

Target is reportedly looking to become a player in the mobile wallet game. The fourth largest retailer in the U.S. would be joining a market that’s quickly becoming pretty crowded. The next mobile payment solution on your smartphone very well could be Target Pay, though it can’t be confirmed at this time.