ApplePay could bring demise of credit card
Paying with plastic could be gone within five years, according to mobile payments expert Christoph Rohland.
Paying with plastic could be gone within five years, according to mobile payments expert Christoph Rohland.
Apple iPhone and iPad owners again put their stamp on holiday sales in the U.S. last week, accounting for the bulk of revenue booked from mobile devices, several analytics firms said.
U.S. consumers have eschewed in-store mobile payments for years, but Apple Pay is making headway in that area just a month after the service launched Oct. 20.
The emergence of Apple Pay has led some technology early adopters to predict that mobile payments will dominate U.S. consumer spending in the next decade.
The Merchant Customer Exchange (MCX), a consortium of 58 major U.S. retailers whose mobile payment network will take on the new Apple Pay early in 2015, today held a hastily-organized news conference to address questions about a hack that pilfered consumer email addresses.
Recent moves by Rite Aid and CVS to stop taking mobile payments from Apple Pay and other NFC-enabled systems stem from a protracted battle between major U.S. retailers and Visa and MasterCard.
Apple Pay launches on Monday in the U.S., giving buyers new technology to make in-store and online payments possible with NFC-ready iPhone 6 and iPhone 6 Plus smartphones by simply using Touch ID.
Is the dawn of the age of ubiquitous e-payments finally here? Can we throw away our credit cards yet?
A coalition of retail industry trade groups this week called for the creation of an open tokenization standard for protecting credit and debit card data from theft and misuse.
Visa announced a new simplified digital payment service called Visa Checkout, which is designed to allow customers to pay quickly for goods online on any connected device.
PayPal has unveiled a new global branding campaign designed to put greater focus on its ability to let people make payments for goods and services anywhere and anytime.
Mobile payments, smarter Siri, better maps and more
A powerful group of retailers plans to roll out mobile payments in 2014 by scanning barcodes from smartphones, a move that sets up a potential battle with backers of NFC and Google Wallet.
A group representing 22 of the world's largest banks is pushing for broad adoption in the U.S. of payment card technology called tokenization, citing shortcomings in the planned migration to the Europay MasterCard Visa smartcard standard over the next two years.
Starbucks was able to generate a staggering $1 billion in revenue from smartphone transactions used at sales terminals in its stores in 2013 largely due to the fanatical loyalty of its customers, according to a recent estimate.