Apple in general—and the iPhone in particular—is having an outsized impact on the U.S. and global economies, according to a provocative piece in The New York Times. The argument goes like this: Apple is the world’s largest company, when measured by market capitalization and it...
When exploring global expansion for Apple Pay, China is the highest priority for Apple CEO Tim Cook, even though the service has yet to launch there. Cook, in an interview with China’s influential Xinhua News Agency, said that he wants to understand the Chinese payment...
After accepting Apple Pay at all of its stores on the Apple Pay launch day on Monday (Oct. 20), the $26 billion 4,600-store Rite Aid pharmacy chain apparently changed its mind and yanked support from those stores Wednesday (Oct. 22), with no official explanation, according...
Apple has signed up more than 500 banks for Apple Pay, but some bank executives whose institutions are on board with the new payments system are feeling defensive, according to American Banker. Apple’s terms represent “the most one-sided agreement I have ever seen,” said Michael...
Shortly after BitFury Capital announced an undisclosed investment in digital currency merchant processor GoCoin, GoCoin CEO Steve Beauregard said that his Bitcoin operation will make B2B payments recruiting a top priority. “The goal is to bring all of [BitFury’s vendors] into the ecosystem and have...
The Central Bank in Ecuador is trying to launch a national mobile payment scheme that is designed to handle B2B transactions (along with P2P, top-up, cash in and out, in-store purchases and electronic receipts), deliver a very low rate (a $50 charge costs four cents,...
Talking revenue or net income in the billions isn’t something shocking for Apple, but hitting that billionth mark for sales of its iOS devices is, which apple is expected to do this quarter, according to a Seeking Alpha report released Wednesday (Oct. 22). During Monday’s...
As Apple looks to the first half of next year for the first shipments of its payments-capable Apple Watch, companies look to support the device find themselves in a frustrating security conundrum. As with any brand new market, there is little immediate risk of cyber...
Mobile-payments startup Mozido has collected the first $185 million of a planned $400 million round of financing led by MasterCard, the Austin Business Journal reported on Wednesday (Oct. 22). Mozido said it will use the Series B funding for “strategic acquisitions” to expand into China,...
