Post Tagged with: "Apple"

Identity Fraud and Apple Pay: A Discussion

Identity Fraud and Apple Pay: A Discussion

by May 20, 2015 at 10:08 am 1 comment

The payments space moves at what seems like the speed of light.  New products and companies are introduced almost daily, everyone is chasing the next unicorn, and a winner of mobile wallets is declared and then re-declared every other hour by payment pundits. Below is a follow-up conversation from the EmergingRead More

CIBC First to Launch Funds Transfer for Apple Watch

CIBC First to Launch Funds Transfer for Apple Watch

by May 14, 2015 at 9:27 am 1 comment

While fintech was focused on Finovate — around 1,500 #finovate tweets were generated during this week’s event in San Jose, Calif. — CIBC quietly released on Tuesday what appears to be the first Apple Watch app to allow for funds transfer. CIBC, the Canadian bank, officially released its Apple Watch offering on Tuesday.Read More

Antiquated, hand-stamped bank receipts still abound in China.

Circle Misses the Mark on China

by April 30, 2015 at 10:53 am 2 comments

In announcing that it had raised $50 million of venture funding, Circle extolled China’s status as a font of innovation. “China is today the center of innovation in mobile apps and digital finance,” Circle wrote in its press release. Well, not exactly. I returned yesterday from my second trip in asRead More

Apple Pay Scores Big Wins with Best Buy, Discover

Apple Pay Scores Big Wins with Best Buy, Discover

by April 28, 2015 at 11:50 am 0 comments

Best Buy and Discover just moved into Apple Pay’s camp. Could these wins for Apple Pay mean that Cupertino is emerging as the winner in mobile payments and that more players, particularly major merchants, will inevitably follow? Not necessarily, but that doesn’t mean they’re not big deals. The addition of DiscoverRead More

American Express Starts Paying Consumers to Use Apple Pay

American Express Starts Paying Consumers to Use Apple Pay

by April 15, 2015 at 11:25 am 1 comment

American Express has started paying its cardholders to use Apple Pay. Yes, you read that right. Yesterday, Amex started promoting an offer that pays its cardholders in Chicago $5 to use Apple Pay at “participating concessions” at the United Center. Cardholders need to make at least $5 of purchases with Apple PayRead More

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

This Israeli Startup Just Leapfrogged Everyone with Apple Watch Payments

by April 14, 2015 at 11:53 am 15 comments

24me, an elegant “personal organizer” app built in Israel, has quietly figured out how to facilitate payments via Apple Watch. Before Apple Watch is even in consumers’ hands. The 24me Apple Watch app allows users to tap a pay feature when reviewing tasks on the Apple Watch. The Apple Watch appRead More

Alerts, the Gateway to Wearables

Alerts, the Gateway to Wearables

by April 1, 2015 at 11:57 am 2 comments

What time is it? How about time to pay your credit card bill? The most important driver of adoption for bank apps on wearable devices will not be mobile payments — it will be alerts. For payments, the watch form factor is only marginally more convenient than the mobile phoneRead More

First Look at Misys’s Apple Watch App [VIDEO]

First Look at Misys’s Apple Watch App [VIDEO]

by March 31, 2015 at 10:48 am 2 comments

Yes, Citibank, Fidelity, Desjardins, Scotiabank’s Tangerine unit, and even Mint have launched Apple Watch apps. But Misys is the only third-party technology vendor to put out a Watch app so far. The app, which was reported by Finextra a couple weeks ago, has largely remained unseen. Until now. The tech vendorRead More

Is Facebook Paying $0 for Payment Processing?

Is Facebook Paying $0 for Payment Processing?

by March 24, 2015 at 10:41 am 2 comments

One of the rumors circulating around Facebook’s new payments service is that the social media giant will not pay even 1 basis point to process payments. While this is just an unlikely rumor, the scuttlebutt is indicative. It shows that: a) Facebook may have negotiated hard with the payments networks; b) theRead More

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Square Cash Opens to Businesses, Introducing $Cashtags [Video]

by March 23, 2015 at 11:21 am 1 comment

Just days after Facebook sent shock waves through the peer-to-peer payments world, Square announced $cashtags, simple addresses that will allow individuals, and now businesses, to accept payments. In a way, today’s announcement continues Square’s suite of services for businesses, but it is also likely another move to get cards on files, aRead More

Card Not Present — For a Day

Card Not Present — For a Day

by March 18, 2015 at 11:14 am 1 comment

I left my payment cards at home yesterday. And… it didn’t matter. It’s getting easier these days to keep that card in your pocket — or wherever. For example, BMO Harris announced this week it is enabling cardless cash withdrawals at 750 ATMs — about half its total fleet. Customers willRead More