The CEO of France-based carrier Orange has revealed that the company's proprietary tap-to-pay wallet Orange Cash will arrive on the iPhone in a few weeks. That's led to speculation that Apple could be preparing to allow third-party apps and services to access the iPhone's NFC chip.
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.
Apple's eighth iPhone event introduced two new larger-screened, larger-capacity new phones, iPhone 6 and 6 Plus, along with a continuation two of the world's top selling models, iPhone 5c and 5s, now at a reduced price.
Apple is finally expected to announce its entry in the mobile payments arena alongside the "iPhone 6" at a media event on Tuesday in Cupertino, and rumors suggest that the new system will be based around tokenization for enhanced security. AppleInsider took a look at what that means for users.
With just over a day to go before Apple's highly anticipated media event, a slew of new videos from China claim to again show off functioning 4.7-inch "iPhone 6" units, complete with a new credit card toting Passbook icon. And yet another video offers a peek at a 2,915 mAh battery expected to power the jumbo-sized 5.5-inch iPhone.
In looking at the potential options for Apple in launching a mobile payment platform, one analyst believes the company is most likely to start small and safe with a "proxy" approach — a strategy that wouldn't make Apple much money, but would help lock users into the company's iPhone ecosystem.
Yet another publication chimed in on Thursday to say that Apple's next iPhone and its anticipated wearable "iWatch" will support near-field communications technology to enable wireless payments, while the "iWatch" is also said to sport a curved OLED display.
Credit card giant American Express is apparently onboard with Apple's forthcoming mobile payment system, expected to be a part of the company's next-generation iPhone set to be unveiled at a Sept. 9 media event.
Online retail giant Amazon on Wednesday unveiled Local Register, a new mobile credit card reader and companion app-based payment processing system that allows users to accept plastic payments on their iPhone or iPad.
A report on Wednesday claims Apple is accelerating work on a mobile payments system, or digital wallet, that could be ready by this fall, allowing customers to pay for physical goods with their iPhone instead of a credit card or cash.
If Apple is able to drive adoption of its rumored iTunes-backed mobile payment system among wealthy consumers at the same pace as similar systems in the developing world, it could be one of the company's most important — and profitable — strategic moves.
iPhone owners may soon be able to use their device to purchase goods and services at brick-and-mortar businesses as Apple has reportedly begun interviewing senior-level candidates to build an iTunes-backed mobile payments business.