Apple Pay is Apple’s mobile payment platform and digital wallet for storing tickets, passes, and other digital assets. It can be used at most contactless payment terminals, as well as for making purchases on websites that have incorporated Apple Pay into their shopping cart. The Apple Pay iPhone app is also where you manage your Apple Card credit card. Apple Pay also includes Apple Pay Cash, a peer-to-peer payment system.

Apple Pay and Others Mean Banks Could be Squeezed Out, French Authorities Warn

· Charlotte Henry · Link

Apple wallet icon

Payment services from tech firms like Apple and Google risk squeezing out traditional banks and need monitoring. Authorities in France raised the concern that these firms can make money from these services but avoid much of the regulation, Bloomberg News reported.

The French authority also highlights access to near-field communication on smartphones used for contactless payment, an issue that has already triggered EU and Dutch antitrust probes and potential legislation to respond to banks’ complaints that Apple unfairly blocks their access on its devices. The companies that the French agency calls “les BigTech” are armed with “considerable financial power” to invest in new technologies and will have lower marginal costs compared to banks. Access to large volumes of data and processing power may allow them better assess customers financial health and offer them targeted services, the authority said. Integrating payments in other services allows them to offer a “customer journey” that can’t be matched or replaced easily by competitors, the authority said

Clipper Card Now Works with Apple Pay For Easier Bay Area Transit

· Charlotte Henry · Link

Clipper card in Apple Wallet

Those in the Bay Area can use Apple Pay when using any form of transit that is accessed with a Clipper card. The feature now works on BART, Muni, Caltrain, and the ferryTechCrunch reported.

As noted back in February when this was first confirmed as on the way, Clipper works with Apple’s “Express Transit” feature. That’s just a fancy way to say that you can tap to pay with the digital Clipper card without first needing to punch in your phone’s PIN or using FaceID. On certain newer iPhones, it also lets you keep using the Clipper card for a few hours after your battery has died; a wonderful thing in a pinch, but probably not something you want to rely on regularly.

Celebrate Earth Day 2021 by Using Apple Pay

· Andrew Orr · Product News

Earth day leaf apple logo

Now through April 22 Apple will donate US$1 to Conservation International for every Apple Pay transaction made with Apple.

The UK Contactless Payment Limit Has Gone up, But it Will Have Little Impact on Apple Pay

· Charlotte Henry · Link

Apple wallet icon

The UK limit on single contactless transactions  – those that you can simply tap your card to make, no pin or signature required – has increased to £100. However, as Ben Lovejoy at 9to5 Mac noted, this will have little impact on those who want to use Apple Pay to purchase goods as the limit was already significantly higher than that. (In the U.S. of course, the situation is different with different ceilings on when a signature etc is required.)

Apple Pay uses a more sophisticated form of contactless payment reserved for mobile wallet devices that have biometric authentication. With this protocol, banks and retailers can set a much higher payment limit, or even have no limit at all, because the device verifies the identity of the user via Face ID or Touch ID in the case of an iPhone, or the PIN you entered on an Apple Watch when putting it on in the morning. When I asked at the time of launch, my bank hinted that its own limit was £750 ($1,050), and certainly I have made three-figure purchases using Apple Pay. Some people report successfully using Apple Pay for mid-four-figure purchases.

Should Apple Open its NFC Chip to Third Parties?

· Andrew Orr · Link

Karen Webster writes about Apple’s position in the payments industry and how Apple’s restriction of its NFC chip has hurt consumers.

Granted, it’s always hard to prove a negative, but not having access to the NFC chip has likely prevented innovators from investing time and money in developing the innovations that could have made the in-store POS experience better for iPhone users. And since iPhone users skew more to the affluent, it also denied those innovators the opportunity to monetize their spend.

Credorax Adds Support for Apple Pay

· Andrew Orr · Link

Apple wallet icon

Bank Credorax announced on Wednesday that it added support for Apple Pay to its payment method list.

Credorax reported that both methods may now be added to merchants’ accounts as payment options for their shoppers alongside the more than 150 global payment methods the platform offers.