mobile payment

Square to accept Apple Pay starting next year

Square to accept Apple Pay starting next year

Apple Pay or Square? In certain instances, you’ll have to make that choice. You could get a few groceries from Whole Foods and use Apple Pay, or hit the farm-to-table market and pay with Square. It’s not direct competition, but not busting a credit card out is a handy option. Soon, you won’t even have to decide. In an interview with CNN, Square boss Jack Dorsey said his payment processing company will soon start accepting Apple Pay — but there’s a catch.

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Google paying up to $100k for batch of new Wallet users

Google paying up to $100k for batch of new Wallet users

Google Wallet was, at one point, the hottest thing in mobile payment technology. You could pay for things using NFC, at least in theory. Poor support left it dormant, but the recent presence of Apple Pay is bringing it back to the mindset of users. Riding Apple Pay’s coattails, Google wants people to use Wallet; so much so, they’re paying you to find them new users. If you send a new user money via Google Wallet, you’ll get $5 in return.

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Snapcash lets you send money to friends via Snapchat

Snapcash lets you send money to friends via Snapchat

Snapchat users will soon have the option to send friends a few bucks via the vanishing messaging platform. Snapcash is a new function that resides within Snapchat, but uses a different service, Square, as a payment processor. To that end, Snapcash users quickly become Square users, as they’ll need to set-up a Square account to take advantage of Snapcash. Fortunately, there isn’t much to do aside from type. Snapchat recognizes that you’ve entered a dollar amount, and offers to let you actually send the cash along.

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Google closing Wallet API for website payment processing

Google closing Wallet API for website payment processing

In the mobile payment space, Apple Pay dominates the headlines lately, but Google Wallet has been riding its coattails admirably. Via the web, there are even more big players, with Amazon and PayPal dominating the online transaction game. Though they don’t specifically note why, Google is taking Wallet out of the hands of many Developers, and will be discontinuing its use for digital goods in March of next year. This definitely affects those who use Google as a payment service via their website, but doesn’t affect Google Play at all.

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Walmart exec doesn’t get Apple Pay/CurrentC differences

Walmart exec doesn’t get Apple Pay/CurrentC differences

You may want to pay for things using Apple Pay at Walmart, but it doesn’t seem as though it’s going to happen. At a recent Money2020 conference, Walmart Executive Mike Cook asked Visa exec Jim McCarthy about the cut of each transaction a credit card company gets when you pay with a card. In essence, Walmart wants to know why an in-app purchase is different from Apple Pay. To dive a bit deeper into the problem, Walmart wants to know why Apple Pay transaction fees are lower than CurrentC, which Walmart backs.

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Apple Pay/CurrentC issue may result in class action lawsuit

Apple Pay/CurrentC issue may result in class action lawsuit

Not having Apple Pay available was a unpopular choice for some retailers, which led to a very public decrying of CVS and Rite Aid. Both companies signed up as part of competing service MCX, which operates CurrentC. As you may have read, CurrentC asks that any partners adhere to a policy wherein there is no other form of mobile payment accepted on-site, leaving CurrentC with exclusivity as a result of any contract. According to one law firm, that may not have been a legal thing to do.

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Apple Pay contract detailed, shows who’s boss

Apple Pay contract detailed, shows who’s boss

Apple Pay might be more convenient for consumers, but what’s Apple’s angle in the whole scheme? Why do they want to offer us the ability to use their mobile payment service? Aside from the small percentage we already knew Apple was skimming per transaction, we are now getting additional news about Apple’s gain with Pay. The percentage points Apple gets are just the tip of it all, and these details show just how structured the plan is, top to bottom.

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Apple Pay v CurrentC: retailers DO have a choice

Apple Pay v CurrentC: retailers DO have a choice

A lot has been said of the current mobile payment landscape. Since someone came up with the bright idea to let you go around town slapping your phone against point-of-sale terminals to pay for things, the entire concept has been hit and miss. Google Wallet was the closest we’d come to a good solution, but it only gave rise to competition. Apple Pay has come in and turned most of the lights out, but one challenger remains. Now we get a better idea as to why they’re not able to coexist, and how retailers may be willingly backing the wrong horse.

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Ex-Google Wallet chief reveals Poynt payment pad for everything

Ex-Google Wallet chief reveals Poynt payment pad for everything

You might not think that this particular week is the best time to reveal your new payments system, what with the NFC mobile payments saga ongoing in stores, and Apple crowing Apple Pay's success, but that hasn't stopped Poynt from breaking cover. Then again, it does have former Google Wallet chief Osama Bedier behind it, incredibly sleek hardware - and not just compared to other point-of-sale tech - and a list of supported payment standards that could potentially keep stores ticking over for the next decade, all wrapped up in a touchscreen Android tablet with twin displays.

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1m Apple Pay activations in first 72hrs says Tim Cook

1m Apple Pay activations in first 72hrs says Tim Cook

Apple Pay saw one million card activations in the first 72 hours of availability, Apple CEO Tim Cook has revealed, as the company lets slip a few tidbits about the high-profile mobile payments system. MasterCard and Visa are reporting more mobile wallet customers using Apple Pay "than anyone else combined," Cook added, pointing out that the Apple had "only been at it a week."

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