Apple Pay picks up 40 new supporting US banks, total nears 800 mark
Apple on Wednesday added another 40 U.S. banks to the list compatible with Apple Pay, bringing the total close to 800 as it prepares to improve merchant support as well.
Apple on Wednesday added another 40 U.S. banks to the list compatible with Apple Pay, bringing the total close to 800 as it prepares to improve merchant support as well.
If Apple does indeed get into rumored person-to-person money transfers via Apple Pay, the company stands to lose money on each transaction in the short term, accepting the losses as a way to further drive adoption of its mobile payment service, analysts believe.
U.S. big-box retailer JCPenney is currently testing Apple Pay support for its store cards, with plans for an official introduction sometime in the spring of next year, a shopper's anecdote indicated on Monday.
Apple has allegedly reached a tentative agreement with China UnionPay, which could see Apple Pay come to China via UnionPay's 5 million or more NFC-equipped point-of-sale terminals.
While smartphone-based person-to-person payment services are convenient, they aren't necessarily a secure or guaranteed way to receive money. If you're doing business with an unknown person, such as selling an item on Craigslist, you should just stick to cash. Here's why.
Rumors of Apple's entry into the Chinese mobile payments market gained momentum on Monday, as sources reportedly told Dow Jones and other outlets current plans hold for an Apple Pay launch by February 2016.
Square on Monday officially launched a new mobile card reader compatible with Apple Pay, something that could potentially boost the latter platform's support outside of major retail chains.
In a special promotion, MasterCard is briefly letting people ride the Transport for London network for free on Mondays so long as they use Apple Pay.
The biggest news this week revolved mostly around Apple Pay, but there was also an official Apple Watch dock launch, problems with the iPad Pro, and more rumors of a 4-inch iPhone.
In an ongoing effort to inform consumers about Apple Pay services, Apple on Friday released a video detailing step-by-step how-to guide for iPhone 6 and 6s process and touting the protocol's security, ease of use and features.
Speaking at Samsung Electronics' 2015 Investors Forum, a series of company executives spent hours saying very little, while talking about "innovations" such as phase detection Focus Pixels and camera sensor Deep Trench Isolation that iPhones already have.
According to research by Consumer Intelligence Research Partners, the installed base of iPhones in the United States has now reached 101 million. Somewhat incredibly, the majority of these phones now in use are iPhone 6 (or newer) models with support for Apple Pay via Touch ID.
On Thursday local time Apple launched Apple Pay in Australia, relying on the same American Express partnership it used to introduce the platform to Canada earlier in the week.
Apple on Tuesday confirmed company-owned Domino's pizza outlets will be accepting Apple Pay by the end of 2015, while Cinnabon plans to integrate the mobile payments solution in its stores in 2016.
Beyond bringing the service to Canada and more U.K. banks, Apple on Tuesday added 95 more Apple Pay issuers in the U.S., putting the total over 750.
On Tuesday Apple officially launched Apple Pay in Canada, simultaneously announcing two more supporting banks in the U.K., and a Thursday debut for the service in Australia.
Apple Pay's Canadian launch is scheduled for Tuesday, Nov. 17, according to customer service representatives with American Express.
Apple Pay might soon let you send person-to-person payments, but you don't need to wait on Cupertino to split the cost of a pizza without cash. AppleInsider took a look at some of the most popular money transfer apps available now for iOS.
During a recent visit to the UK, Apple CEO Tim Cook sat down to discuss Apple Pay with Chancellor of the Exchequer George Osborne, suggesting the budding payments service could get a government-sponsored boost in streamlining adoption.
The next phase of Apple's mobile payments initiative could reportedly include a new feature that allows users to send money to one another directly, with negotiations between Apple and major U.S. banks already underway.
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