Apple Pay was launched last October and is now available in — brace yourself — approximately 652,000 North American locations, according to an estimate made public yesterday. Brian Roemmele, arguably one of the more well-versed payments experts in the nation, indicated that he made the estimate based on some difficult legwork,Read More
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Zions Bank, the Salt Lake City-based regional bank, reportedly will add Apple Pay capabilities this week. Should the capabilities be added, Zions would be the 40th financial institution to sign on to Apple Pay. Zions, which does business in 11 states in the West and Southwest, made the disclosure inRead More
Forget the Year of the Horse (apologies to our Chinese readers), but for the banking innovation industry, 2014 was the Year of the Apple Pay. Indeed, Apple Pay changed the financial services landscape this year, and especially on the retail, changing perceptions of how products should launch, how mobile paymentsRead More
Yes, Square has finally gotten NFC religion. Jack Dorsey, Square’s founder, disclosed in an interview with The New York Times a few days ago that, indeed, Square will unveil NFC functionality, although he offered no release date. Dorsey said only that, “We have committed to making sure our sellers areRead More
In updating its core cards app for iOS late Tuesday, American Express has given a thumbs up to TouchID security for business cards.
Customers are fired up to make mobile payments using Google Wallet and Apple Pay even if they don’t own the devices they would need to accomplish this. That information arrives via a recent survey by Stratos, makers of a “connected card” solution along the lines of Coin and Plastc.
UnionPay cardholders — everyone with a payment card in China — can now use their cards to make payments in Apple’s App Store. With 100 million iPhone users, China is the iPhone’s leading growth market, and Tim Cook has repeatedly stated this is where he sees Apple’s greatest opportunities lying.
Make no mistake, Starbucks is the first name in mobile payments.
The percentage of the consumers who make daily mobile payments has quadrupled since 2012, according to new data. According to the Accenture data, 4% of the world’s consumers are currently making daily mobile payments. In 2012, but 1% of consumers did so.
The so-called payments war between MCX/CurrentC and Apple Pay is reaching a fever pitch — but one of the fighters hasn’t even shown up on the field, yet.
Midsize banks are losing money on Apple Pay transactions, and the marketing value of their “partnership” with Apple is questionable, says Doug Brown, who leads the mobile strategy and product team at FIS. They will still participate, however, because they have to.