When retailers began accepting Apple Pay on Monday (Oct. 20), it was inevitable that there would be glitches. So far, there seems to be about 1,000 of them, most notably in the form of double-charges at various Apple Pay partner retailers for customers presenting their...
Discover CEO David Nelms declared late Tuesday (Oct. 21) that his brand–the largest of the card brands to not join Apple Pay–will indeed soon be an Apple Pay partner. “I would say that we certainly do expect to be participating in Apple Pay. We don’t...
Apple Pay’s decision to use tokens has some fringe benefits beyond allowing retailers to get money without storing payment credentials. Like many token efforts, because Apple Pay is not storing the payment credentials, the Wall Street Journal points out, it can avoid a lot of...
Jumio, a company that tried to make mobile payment easier by using the phone’s camera to sidestep manual data entry, on Tuesday (Oct. 21) introduced Bam Checkout, which the company is hoping will counter Apple Pay, according to TechCrunch. The new twist is allowing users...
Former Microsoft CEO Steve Ballmer played down the innovativeness of Apple Tuesday (Oct. 21), saying that Apple Pay was “obvious.” “It was inevitable and everybody has seen this coming for years,” Ballmer said during an interview with CBS News, referring to mobile payments in general....
Apple’s fourth-quarter earnings came in just hours after Apple Pay launched Monday (Oct. 20), with Apple delivering several record-breaking revenue, sales and profit numbers. Those numerical victories come from strong sales of the iPhone6 and 6 Plus, which are enduring huge backlogs. Apple produced its...
Two Major League Baseball stadiums will be accepting Apple Pay and will do so just in time for the World Series Tuesday (Oct. 21). “MLB Advanced Media, the digital media company of Major League Baseball, announced that MasterCard is bringing contactless acceptance to ballpark food...
Henry Ford didn’t invent the car, the internal combustion engine or the wheel— those honors go to Karl Benz, Nikolaus Otto and Eugene Langen (or Eugenio Barsanti and Felice Matteucci) and an unknown early human who lived before the era of patents. And yet when asked about...
Financial service companies are expected to invest about $110 billion in various payment technologies by 2017, with mobile getting a very healthy percentage of those funds, projects Frost & Sullivan. “By aligning innovative payment technologies – particularly those based on mobile usage and new mobility...
