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Why Apple Pay Could Be Huge -- And It's Not What You Think

Scott Gillum

Forget the Apple Watch and iPhone 6. Apple Pay is Apple's next biggest innovation and this is why: Touch ID has the potential to finally push mobile over the hump in the U.S.
Yes, Apple has spent a good deal of time discussing the near-field-communication technology and how it is working with retail, credit card and bank partners. It was quick to point out that there are merchants ready to accept Apple Pay as a very secure payment method. But that isn't the news. Go into any Starbucks on any day and you will see plenty of mobile transactions.

The Modern Wallet: Mobile Payments Are Making Life Easier


There’s no denying the impact that digital connectivity is having on our daily routines. It’s changed how we watch video, keep tabs on our health—even the way we connect with our favorite World Cup players. And more recently, digital is starting to transform how consumers pony up cash for their everyday purchases. And for consumers using mobile payment technology, digital is already the norm. In fact, according to Nielsen’s Q2 2014 Mobile Wallet Report, 40 percent of mobile wallet users say they use mobile methods as their primary mode of payment.

Nordstrom Department Stores are Working with Apple on Mobile Payments (report)

Mark Sullivan

Department store Nordstrom is apparently one of a group of merchant partners working with Apple on its new payments platform.
The department store has recently installed new point of sale systems that will work with the Apple payments platform, according to a report today from trade blog Bank Innovation, citing unnamed Nordstrom employees.
The sources said the ...

Macy's Offers Digital Wallet Option

Vicki M. Young

Macy’s Inc. on Tuesday offered its customers a digital wallet option to store and manage Macy’s offers as well as payment options online. Users first need to fill out a profile, and once the individual is signed into that profile, the person can then choose My Wallet on the navigation menu. Users who register their Macy’s credit card will see Star Passes promotions automatically added to the wallet. Users can add up to 10 credit card options.
Users who ...

Square Cash Now Supports Peer-to-Peer Payments Sent via Text Message

Kevin Fitchard

Square is making its already simple consumer payments network that much easier to use with a new SMS feature that lets you send funds to anyone with a mobile phone number.
When Square launched its Cash peer-to-peer payments service last year, it made transferring funds as simple as sending an email. Apparently that wasn’t easy enough. A new update to Square Cash now lets customers transfer funds through a text message.
Square doesn’t use ...

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