McDonald’s Chief Digital Officer Atif Rafiq was talking with a reporter last week about how “seamless” and easy McDonald’s will incorporate ApplePay, which makes sense given how the chain has been accepting contactless payments for years. (We didn’t say that they had accepted a lot of...
With soaring mobile purchases in China as a backdrop, American Express and China Mobile (China’s largest telecom) to jointly support an NFC mobile payment system Hebao, which had previously been known simply as Phone Wallet. According to a report in Want China Times, the service...
Given that Walmart’s own mobile payment plan—MCX, now branded as CurrentC—has no plans to go live nationally until next year, the world’s largest retail chain will not initially support Apple Pay, which is accepted to start accepting payments next month. But the anti-interchange mode of...
On the one hand, Apple and PayPal have been partners for almost a decade, notes ReadWrite, going all of the way to the early iTunes Music Store days. But given that PayPal has been actively pushing its own mobile payment app as a retail in-store...
New York City’s two competing systems to pay for cab rides by mobile app have struck a truce, so passengers no longer have to guess which one works in what cab. On Wednesday (Sept. 10), VeriFone, whose Way2ride system worked in about half of NYC’s...
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The mobile payment relationship between the major banks and Apple is, to put mildly, a delicate one. Apple’s move has the potential to vastly increase mobile payment revenue, which would create a potentially highly lucrative new market for the banks. But the precise details of...
How should telcos around the world react to Apple Pay? Should they ride along and cooperate fully—potentially hurting their own mobile wallet efforts—and sell as much data, bandwidth and phones as possible? That would be a continuation of the telecom players’ existing model, conceding the...
Walmart and Best Buy have both said that they will not initially accept Apple Pay transactions, the Wall Street Journal reported on Wednesday (Sept. 10). Due to contractual obligations with a competing mobile wallet, MCX (which Walmart founded and still dominates), neither retailer may have...
