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Technology

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

Author:
Scott Gillum
Source:

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

Source:

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.

MasterCard CMO Talks Brand Transition From Credit Cards to Wearables

Author:
Kate Kaye
Source:

The way people pay for stuff is changing, and as consumers branch out beyond cash and credit, financial-services firms like MasterCard want to make sure they're provide the options. To do that, a key focus for the company is to attract younger consumers to join its Priceless program, and use the loyalty offering to develop new ways to pay -- and disseminate data along the way.

EBay’s PayPal Unit to Start Accepting Bitcoin Payments

Author:
Spencer Soper and Olga Kharif
Source:

PayPal service will start accepting bitcoins, opening up the world’s second-biggest Internet payment network to virtual currency transactions.
“We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of EBay’s Braintree unit, said at Techcrunch’s Disrupt SF conference yesterday. “Over the coming months we’ll allow our merchants to accept bitcoin. On the consumer side it will be a sleek experience.”
EBay, as the world’s biggest Web marketplace and ...

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

Author:
Mark Sullivan
Source:

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 ...

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