Apple has been filling out its payments team for the past few months, poaching a number of executives from PayPal, American Express, and others — but not just to prep for Apple Pay’s launch this week.
Post Tagged with: "iTunes"
Sources tell Bank Innovation that Square and PayPal have been aware of Apple’s plan to enter the mobile payments space and have made plans accordingly.
What does a young person do today when he wants to choose a bank? He might check out what interest rates are offered on savings accounts or loans, or he might just want to know who has the coolest mobile app. We know one thing he won’t do — walk into the nearest branch to ask if the bank might be right for him.
Why would a bank need an app store? For one thing, customers will demand it, said Simon Redfern, who heads up the Berlin-based Open Bank Project. The ecosystem of services built around core offerings has certainly helped companies such as Amazon and Apple. Currently in discussion with a major centralRead More
The suspense is over. Apple really is planning to do something in mobile payments. It’s been a long wait. It wasn’t enough that the Cupertino, Calif.-based maker of iPhones, iPads and Macintosh computers has filed a raft of patents relating to mobile payments in recent years. After all, the financial servicesRead More
No cash, no card, no problem. With PulseWallet, all you need to pay is the palm of your hand. Introduced at the Consumer Electronics Show last week and slated to roll out in February, PulseWallet is a new spin on biometrics and payments. Using the apparently extremely complex pattern ofRead More
Apple has made several feints toward becoming a full-fledged payments company in the past, and the signs keep piling up. Perhaps most telling is the Motley Fool report today that “Apple is looking for a Payments Software Engineer that will ‘help build a next generation payment platform.’” Rumors have swirledRead More
City National Bank appears to have adopted a quarterly schedule to update its online and mobile applications. Russell Goldsmith, the chief executive of City National, made reference to the schedule in an offhand comment during the bank’s quarterly earnings call last week. Specifically, when Goldsmith spoke about the bank’s physicalRead More
Apple‘s new operating system iOS7 launched on September 18, and JPMorgan Chase and Citigroup were ready. Both banks updated their iPhone apps that very day and put out iOS7-compatible versions versions of their iPad apps just two days later on Sept. 20. It’s great to be quick to the punch, butRead More
GoBank, the mobile-first bank account from Green Dot Corp., has already made some bold marketing moves, and added to them yesterday with the unveiling of a new student-centric marketing effort and the introduction of spokesperson Bethany Hamilton. GoBank made the disclosures during Green Dot’s second quarter earnings call. GoBank’s marketingRead More