Confusion but hope as US faces payment revolution
In just under six months, a behind-the-scenes switch in the payments industry will change the way U.S. consumers shop and could bring wider acceptance for Apple Pay and its competitors.
"finance" news, interviews, and features
News about finance
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Box woos financial services firms with a tailored cloud offering
It was just about two weeks ago that Box set out to remove a major barrier to the cloud for security-minded organizations with its Encryption Key Management capability. Now, it's taken that focus a step further with a full-fledged cloud storage service aimed squarely at financial services firms.
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Payments startup iZettle makes chip & PIN card reader available for free
With a free Chip & PIN card reader, Swedish mobile payments company iZettle is lowering the threshold for small companies to start accepting card payments.
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Police suspect fraud took most of Mt. Gox's missing bitcoins
Nearly all of the roughly US$370 million in bitcoin that disappeared in the February 2014 collapse of Mt. Gox probably vanished due to fraudulent transactions, with only 1 percent taken by hackers, according to a report in Japan's Yomiuri Shimbun newspaper, citing sources close to a Tokyo police probe.
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Apple strikes deal with China's UnionPay for App Store payments
Apple today announced it had struck a deal with UnionPay, China's most popular credit and debit card system, to accept payments for digital goods on its App Store.
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A guide to the top mobile payments options
The launch of Apple Pay last month jump-started the mobile payments business, with several companies pushing hard to become your preferred payment method in stores. Even more competitors are on the horizon, promising to bring a lot more security and convenience compared to today's plastic payment cards.
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Starbucks says 1 in 6 payments already mobile
Starbucks says mobile payments are taking off in a big way and it's already handling almost 7 million a week at its U.S. coffee shops.
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Major banks ready their own mobile payment apps
Several major national and international banks are planning to launch their own mobile payments apps next year.
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MCX says CurrentC is less about tech, more about relationships
The company behind CurrentC, an in-store mobile payment system backed by some of the biggest retailers in the U.S., attempted on Wednesday to play down a growing controversy over whether its backers could accept Apple Pay.
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CEO Tim Cook calls merchants' refusal to accept Apple Pay a 'skirmish'
Apple CEO Tim Cook on Monday called the battle with retailers like Walmart, Rite Aid, CVS and others over mobile payments only a "skirmish" while speaking at the Wall Street Journal's technology conference.
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Apple Pay saw 1 million activations in first three days
Apple's new contactless payment system on the iPhone 6 saw 1 million activations in its first three days of use, pointing to an initially enthusiastic response from Apple users.
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CVS joins Rite Aid in refusing NFC payments
It's been around only a week, but Apple Pay is already making waves in the mobile payments field. On Monday, major drugstore chain CVS joined rival Rite Aid in disabling the NFC (near-field communication) payment function on in-store terminals.
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Apple Pay tops Tim Cook's to-do list in China
Apple CEO Tim Cook says bringing the recently launched Apple Pay system to China is his top priority for doing business the country.
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RiteAid blocks Apple Pay, Google Wallet
Days after the launch of Apple Pay, Rite Aid has stopped accepting the payment system at 4,600 stores across the United States.
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Apple Pay's next move could be phone-to-phone payments
The launch this week of Apple Pay is giving many people their first taste of NFC payment technology, which allows them to buy things in a store by bringing an iPhone 6 close to a compatible terminal.
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