Apple Pay

Mobile forecast to dominate electronic payments

Mobile phones will take an increasingly leading role in the payments space over the next five years as a result of technologies that allow safe storage of payment details in smartphones and other security improvements, reports Banking Technology.

Apple Pay UK launch marred by bank no shows

Apple Pay launched in the UK without the participation of most of the major banks, including HSBC, which was listed as a launch partner, but this morning faced customers taking to social media to complain that they can’t use the app.

Apple fails to make compelling case for expensive Watch

Apple added a bit more substance to its Apple Watch announcement, ahead of its impending launch, at an event in California. However the unique qualities expected by many to significantly differentiate this Apple wearable from the many others already announced were conspicuously absent.

Google & Samsung move to counter Apple Pay debut

Google has stoked the fire burning underneath the mobile payments industry by announcing its acquisition of “some exciting technology and intellectual property from Softcard to make Google Wallet better.” The payment software will come pre-installed as standard on Android phones running KitKat or higher with three of the big four carriers across the USA, AT&T, T-Mobile and Verizon.

Samsung reportedly mulling mobile payments move to counter Apple Pay

Smartphone giant Samsung is exploring the possibility of launching its own contactless mobile payment system, which may involve payment startup LoopPay, according to sources speaking to re/code. The rumour comes as Apple continues to brief the press that Apple Pay is going really well.

Apple strikes China mobile payment deal

Smartphone giant Apple has announced the addition of UnionPay, the dominant Chinese debit and credit card payment organisation, as a payment option for Chinese App Store users, in what is likely to be a strategically significant move for Apple’s fortunes in the world’s largest smartphone market.

Tim Cook claims Apple Pay off to strong start, not fazed by competition

Apple’s CEO Tim Cook has revealed one million credit cards were activated on Apple Pay in its first three days. So far, the US’ six biggest credit card issuers have signed up, with a reported 500 financial service providers joining early next year. Visa, MasterCard and American Express are among those already enabling the app.

Apple SIM could accelerate wireless industry disruption

A multi-operator capable SIM card included in Apple’s latest iPad range will give consumers the flexibility to switch between short-term plans with operators in the UK and USA. So far, AT&T, Sprint, T-Mobile and UK operator EE have confirmed participation with the initiative.

CaixaBank launches Gemalto-powered NFC mobile payment wristband

CaixaBank, one of Spain’s largest banks, has moved into the wearable payment technology space with the launch of an NFC-enabled wristband capable of making contactless payments. Security vendor Gemalto has supplied its Optelio Contactless MiniTag, which links the wristband to the user’s existing payment card.

PayPal splits from eBay in face of Apple Pay challenge

eBay and wholly-owned subsidiary PayPal will officially split into two independent publicly traded companies in 2015, the company has confirmed. After a review of the company’s growth strategies and structure, the board of directors concluded the split will enable both companies to better position themselves to respond to competitive change.

Apple has first interesting product launch for four years

Apple has been in a holding pattern for the past three years and has finally revealed a bunch of stuff it has been working on for a while. The two new phones feature the first major industrial design overhaul since the iPhone 4 and the Apple watch seems likely to significantly raise the bar in the wearables category. But the most significant announcement is probably Apple Pay, not just for Apple, but for the catalysing effect it could have on mobile commerce on the whole.

Apple launches new phones, watch and mobile wallet

Apple today announced an unprecedented range of additions to its product catalogue, including the iPhone 6, 6 Plus, Apple Pay and Apple Watch. The keynote session in Cupertino, California, saw the unveiling of new NFC mobile payment capabilities to be built as standard into the new models, and the launch of the Apple’s foray into the wearable technology space with Apple Watch, as widely anticipated.

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