By 2025 Apple Pay could account for 10% of global card transactions. Currently the service accounts for 5%.
Germany has forced Apple to open its NFC capabilities on iPhones so that third-party payment apps can compete better with Apple Pay.
Andrew Orr and John Martellaro join host Kelly Guimont to discuss system updates to iPhones and HomePods, and the evolution of payment tech.
At a private event in San Francisco, Apple Pay vice president Jennifer Bailey talks with CNN about Apple Pay and cryptocurrency.
Rumor has it that Apple Pay Austria is supposed to launch tomorrow, although we’re not sure which banks will support it at launch.
This morning we heard that JCPenney quietly removed support for Apple Pay from its stores. Now we have a better idea why.
The retailer now claims the move was necessitated by the April 13, 2019 deadline in the U.S. for supporting EMV contactless chip functionality. As of this date, all terminals at U.S. merchants locations that accept contactless payments must actively support EMV contactless chip functionality, and the legacy MSD (magnetic stripe data) contactless technology must be retired. JCPenney was not ready to comply, it seems, so it switched off all contactless payment options as a result. However, it hasn’t ruled out re-enabling them later on, it seems.
Jefferson Graham writes how going cashless is the future, with contactless payment apps like Apple Pay ushering this reality in.
“It seems that people are moving away from cash and technology is making it easier than ever to tap and go.” Advantage: faster checkout lines, and the elimination of fees for armored car cash pickups and fear from employees about getting robbed.
For the most part I’m already mostly cashless. The only thing I need cash for is laundry. For everything else I use a debit or credit card.
The decision sounds a bit confusing at first, but makes sense once you learn about the number of Chinese tourists in the U.S.
Aside from French banks adding support, Apple updated its list to reflect the addition of over 20 more banks.
The U.S. bank list is now so long that Apple has introduced alphabetical sub-sections to make it easier to find your bank on the list. Other new entries added to the most recently updated list include Qpay in Australia; HSBC in France; Surgutneftegasbank in Russia; Banco Mediolanum in Spain; Concord bank and UkrSibbank in Ukraine; and N26 in the UK.
John Detrixhe argues that Apple should release its own debit card to prepare for the wave of contactless cards.
But consumers typically avoid moving their financial accounts and tend to be faithful, even when they dislike the service. An Apple debit card is a chance for the Silicon Valley-based company to give customers what they want—for God’s sake—before someone else does.
I’m not sure I’m sold on this idea. For a debit card maybe Apple could work with the bank it uses for device financing. I think what would be nice though is for Apple Pay Cash to work more like its own bank.
Now that Taco Bell is bringing back nacho fries, you can use your iPhone or Apple Watch to pay for them.
The first group of banks to support it include Česká spořitelna, mBank, Komerční banka, Moneta and AirBank.
A Redditor claiming to work at an Apple Store in Brussels says that Belgium Apple Pay should launch in the next few weeks.
CVS finally caved and is now accepting Apply Pay at its retail stores.
7-Eleven will support Apple Pay contactless payments at nearly all of its more than 10,000 convenience stores in the United States by the end of September.
Despite talking with banks and the National Payments Corporation of India (NPCI), the plan has been put on hold.
Until now Costco has been a big holdout. You could use Apple Pay to make Costco home delivery purchases with Instacart, but not use it directly in the stores.
Dave Hamilton and Andrew Orr join Jeff Gamet to look at Apple Pay’s projected dominance in contactless payments, plus Andrew explains why he’d like to see NFC in Apple’s HomePod.
Contactless payment system users, such as Apple Pay and Samsung Pay, are on track to hit 450 million by 2020, and Apple is going to account for half of them around the world. That’s according to a new report from Juniper Research.
While US card issuers haven’t yet made contactless a priority, the extremely positive response across Europe, both from merchants and consumers, suggests the US would see very rapid migration at POS if and when contactless cards become mainstream.