mobile payment

Apple Pay data demands add tension to UK launch

Apple Pay data demands add tension to UK launch

Apple Pay is set to launch in the UK in the first half of 2015, but banks are concerned as to how much data Apple demands as part of its contactless payment service, insiders claims. Revealed as a feature of the iPhone 6 and iPhone 6 Plus earlier this year, Apple Pay - which uses a combination of NFC and a secure digital wallet chip on the smartphones - has already gained traction in the US, with everything from grocery shopping through clothes and even hotel rooms and Disney trips now supporting the service. However, although the spread of Apple Pay to other countries is effectively inevitable, Apple is said to be still facing some push-back from its banking partners over the fine print.

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Starbucks chooses their own payment solution over Square

Starbucks chooses their own payment solution over Square

When Starbucks teamed up with Square for their payment processing, it was seen as a big win for the mobile payment space. If Square could compete with traditional payment processors, it stood to reason any startup could. Over time, the relationship began to fracture, and now the mobile payment angle to their partnership is done. Square is shuttering Wallet and rolling it into Order, which lets you order ahead and pay for items before you get to the store. Starbucks won’t be accepting Order, instead concentrating efforts on their competing proprietary product.

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Starbucks, Square to end mobile payments partnership

Starbucks, Square to end mobile payments partnership

The partnership between Starbucks and Square's mobile payment system that began in 2012 is coming to an end, according to comments from the two companies. While Starbucks was a key partner when Square launched its Wallet app, allowing customers one way to quickly pay for their coffee with their smartphones, the payment company is retiring Wallet and replacing it with Square Order, carrying over some of the key features from Wallet. Unfortunately, a Starbucks spokesperson has said that they have no plans to begin accepting Square Order.

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Survey finds 45% of Americans have had credit cards stolen

Survey finds 45% of Americans have had credit cards stolen

Additional information right on the heels of the news about Staples' hacking reveals that 45% of Americans have experienced their credit card information being stolen. Not their physical card being lost or stolen, but card details being compromised as a result of the growing number of data breaches at various retailers this year. Office supply store Staples has just admitted to hackers making off with data from over 1 million cards, adding them to a list of companies to fall victim to cybercrime, including Target and Home Depot.

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Apple Pay still trails Google Wallet, gap closing quickly

Apple Pay still trails Google Wallet, gap closing quickly

Apple Pay hasn’t been around long, but new research shows those who use it are doing so in a pretty significant way. Via mobile payments research firm ITG, we find that Apple Pay accounted for 1.7% of all digital payment transactions in the month of November. Those using Apple Pay have their favorite spots, too. Whole Foods, Walgreens, and McDonald’s all found themselves with the most Apple Pay usage, suggesting we’re really fond of properly sourced grass-fed Australian New York strip steak, but not afraid of chicken from suspect origin.

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Apple Pay is about to go global

Apple Pay is about to go global

Apple Pay may cover 90% of credit volume here in the United States, but overseas the mobile payment service is still missing. That could change, though, as two Apple job listings point to their intent to make electronic point-of-sale transactions a big thing the world over. In London, Apple is looking for someone to spearhead their European rollout for Apple Pay, while a Shanghai based opening suggests Apple is cannonballing into the Chinese market. A timeframe for the respective rollouts for Apple Pay was not noted.

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Samsung in talks with startup for Apple Pay rival service

Samsung in talks with startup for Apple Pay rival service

Samsung has their own experience shops inside of Best Buy stores across the nation, and now they’re looking to get even more proprietary. A new report details that Samsung is trying to get in on the mobile payment game, and is already in talks with a company that can get them there. In what is a pretty obvious Apple Pay ripoff, Samsung and startup LoopPay are discussing a method for secure NFC payments via Samsung devices. The mobile payment startup already has hardware on the market.

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Apple Pay now covers 90% of credit volume in US

Apple Pay now covers 90% of credit volume in US

Apple Pay is wildly popular, with the secure form of mobile payment enjoying nothing but praise and adulation at every turn. On launch, Apple had some significant partnerships with the likes of Citibank and Chase. Mobile payment processors like Square are readying their hardware to support Apple Pay, and various startups are already doing just that. Now, Apple has announced they’ve got even more support, and 90% of the credit purchase by volume int he US can now be accomplished using Apple Pay.

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Startup wants to eat Square’s lunch with Apple Pay, EMV

Startup wants to eat Square’s lunch with Apple Pay, EMV

Square is an existing point-of-sale platform that allows customers to use their credit card at mid-tier shops everywhere. It also provides a really solid solution for mom-and-pop shops to accept credit cards, and offers some attractive processing fees. Apple Pay and the incoming EMV cards will be a shift in the credit industry, and are two modes of payments Square doesn’t support. A new startup — ShopKeep — does, and wants to eat Square’s lunch by offering their tech free to new customers.

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I ordered and paid for coffee via an app, and it was awesome

I ordered and paid for coffee via an app, and it was awesome

Yesterday, Starbucks announced they’d be launching a program in Portland to allow customers to order and pay in the app. Being a resident of Portland, my immediate reaction was one of disbelief (we typically don’t get opportunities like this), then curiosity. Is ordering and paying for something in-app as good as it sounds, or would there be severe hiccups that would make it an experience to forget? To test Starbucks’ new program out, I ordered coffee. From my phone.

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