Post Tagged with: "Apple"

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

Consumers Who Make Daily Mobile Payments Quadruples in 2 Years

by October 30, 2014 at 10:23 am 0 comments

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.

MCX Must Get to Market Soon or Risk Defections

MCX Must Get to Market Soon or Risk Defections

by October 29, 2014 at 11:26 am 1 comment

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.

Apple Pay is a Losing Proposition for Midsize Banks

Apple Pay is a Losing Proposition for Midsize Banks

by October 23, 2014 at 11:26 am 2 comments

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.

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

by October 22, 2014 at 4:46 pm 6 comments

Apple Pay has had a spate of double charges related to Bank of America cardholders, but apparently it’s not really anyone’s fault.

Apple Pay Loyalty Program Due to Start Within the Year

Apple Pay Loyalty Program Due to Start Within the Year

by October 21, 2014 at 11:51 am 69 comments

Bank Innovation has learned new details on a forthcoming Apple Pay loyalty program.

Apple Pay to Be Included in iOS 8.1, Sources Confirm

Apple Pay to Be Included in iOS 8.1, Sources Confirm

by October 1, 2014 at 2:00 pm 188 comments

Bank Innovation has confirmed that Apple Pay will be attached to iOS 8.1, scheduled for an October 2014 release.

VIDEO: Bankers Spill On How They Can Defend Against Apple

VIDEO: Bankers Spill On How They Can Defend Against Apple

by October 1, 2014 at 11:49 am 2 comments

On the surface, Apple Pay should make bankers quake. Apple is not required to be a bank in order to offer banking services — which, let’s be honest, includes payments. So why aren’t bankers panicking? The video below, which features Mark Curran, payment technology services director at Lloyds Banking Group, andRead More

The Real Reason PayPal Isn’t an Apple Pay Preferred Partner

The Real Reason PayPal Isn’t an Apple Pay Preferred Partner

by September 30, 2014 at 3:19 pm 167 comments

UPDATE (10/1/14, 1:41 PM ET) Earlier this month, before Apple Pay came out, Bank Innovation wrote that Apple and PayPal had been involved in talks for … something. We’ve finally tracked down the full story. Sources close to Apple and PayPal and in the financial services industry have confirmed thatRead More

PayPal Spin Off Is All About Apple Pay

PayPal Spin Off Is All About Apple Pay

by September 30, 2014 at 10:33 am 7 comments

It is no coincidence that three weeks to the day after Apple Pay‘s introduction eBay Inc “chose” to spin off PayPal. In announcing today that it will IPO PayPal in late 2015, eBay effectively acknowledged that PayPal will find it far more difficult to score the double-digit rate of growth theRead More

MasterCard Takes Leveraging iPhone 6 Hype to a Whole Other Level

by September 19, 2014 at 11:35 am 1 comment

Long lines were forming outside AT&T shops long before dawn this morning — and least in Manhattan — in what can only be described as a consumer frenzy. But all the hype surrounding the iPhone 6/6 Plus launch today was leveraged to a whole other level today by MasterCard, anRead More

Apple Already Field-Testing Apple Pay, While Still Adding Features

Apple Already Field-Testing Apple Pay, While Still Adding Features

by September 18, 2014 at 6:25 pm 1 comment

With iOS 8’s release yesterday, many iOS users have been wondering when the new Apple Pay feature will be available on their devices. The “in the wild” tests indicate that it will be sooner rather than later that Apple Pay will be made available widely.