Say what you will about Apple, but it sure knows how to sell phones. The first weekend for sales of its new iPhones—the 6 and the 6 Plus—moved some 10 million of the larger-screened devices, which did not come close to keeping up with demand....
“Tokenization is a step towards the realization of a payment becoming embedded within a user experience,” says Paul Bridgewater, TSYS Group Executive, Global Product & Innovation. Now that Apple Pay has officially been announced, the pressure is on everyone in the ecosystem to think differently....
PAX Global Technology Limited, which makes a popular NFC terminal. has embraced Apple Pay. “Apple joining the mobile payments industry makes for an exciting time in our industry,” said Mr. Andy Chau, President and CEO of PAX US, “PAX has spent a lot of time...
A payment mechanism is not necessarily a payment mechanism. So says the man who founded both Twitter and Square. Jack Dorsey may see Square as a mobile payment device company, but he sees it as going in a fundamentally different direction than Apple. Hence, he...
Payments companies that live in glass houses shouldn’t throw stones at Apple. Shortly after Apple rolled out Apple Pay, PayPal bought a full-page ad in the New York Times to attack’s Apple security rep. The problem is that PayPal has similar security issues. “The tagline...
There’s little debate that Apple Pay is going to sharply boost mobile payment security. After all, replacing signature or a 4-digit shoulder-surfing-vulnerable PIN with a biometric authentication is a big step in the right direction. No authentication system is perfect, but being more secure than...
There is a school of thought that Apple Pay will end up delivering a huge boost to major card brands, who have been struggling for years to get consumers to seriously try contactless payments. “Apple Pay will likely be a strong long-term growth catalyst for...
Apple’s new mobile payments system, Apple Pay, is being hailed as a game-changer — a new way to pay that will be quickly embraced by consumers and save retailers the headache and expense of break-ins into credit card-based systems. But will it? asks Retail Dive....
At Apple’s announcement of its Apple Pay mobile payments initiative on Sept. 9, something was missing: an accompanying loyalty rewards plan that some Apple observers had heard the company was developing. But despite Apple’s silence, chatter about an Apple rewards program is still growing, Yahoo...
