mobile payments

PayPal is getting its own turn, spinning off from eBay

PayPal is getting its own turn, spinning off from eBay

Although rumored to still take place next year, eBay has now made the expected announcement. The online retailer will be spinning off PayPal into its own independent company. This is being poised as a strategy to keep the two brands separate and more lucrative in 2015, when its board predict that the association between the two would start to become a liability rather than a benefit.

Continue Reading

Next Samsung smartwatch: fingerprint sensor, mobile payment

Next Samsung smartwatch: fingerprint sensor, mobile payment

It's still months away, but rumors about Samsung's next smartwatch are already surfacing. Features expected to debut on this wearable include a fingerprint scanner, which would in turn enable secure payments from the smartwatch. And the timetable for this gadget? MWC 2015 in February next year.

Continue Reading

Samsung/PayPal may battle Apple Watch/Apple Pay in 2015

Samsung/PayPal may battle Apple Watch/Apple Pay in 2015

Samsung has a lot of wearables on offer, and a good number of them are smartwatches. Like any other smartwatch, theirs primarily serve as a notification center on the wrist. Now that Apple Watch is out, Samsung may be following suit with a new wearable tied directly to mobile payments.

Continue Reading

iPhone 6 NFC will only work with Apple Pay

iPhone 6 NFC will only work with Apple Pay

What's Apple's is Apple's, and Apple tends to keep it that way. Mobile payment businesses, like the renamed Softcard, looking forward to a flood of iPhone users will have to wait a bit longer, or maybe even forever. An Apple spokesperson has just confirmed that the NFC on the iPhone 6 and the iPhone 6 Plus will work with Apple Pay and only with Apple Pay.

Continue Reading

Here’s how Apple Pay was kept a secret

Here’s how Apple Pay was kept a secret

21 months of planning and negotiations, a "code name frenzy," and clandestine signaling to executives with real pieces of fruit: turns out, getting Apple Pay off the ground without letting the cat out of the mobile payments bag wasn't easy. Details of the cloak of secrecy used to keep hundreds of people across eight different financial institutions from spilling the beans on Apple's big cashless announcement this week have emerged, and it's just as obsessive as you might have expected.

Continue Reading

Apple Watch authorized for payments only while wearing it

Apple Watch authorized for payments only while wearing it

One of the bigger mysteries surrounding Apple's new wireless payment system, and in particular its smartwatch, may have just been solved. Apparently, the Apple Watch will remain authorized to make such transactions while its worn on your wrist and will be deauthorized the moment it is taken off.

Continue Reading

Apple Pay will give Apple cut of transaction fees

Apple Pay will give Apple cut of transaction fees

Apple Pay is Apple’s answer to mobile payments, in which they aim to have us leave the plastic at home and use an iPhone for all our payments. To wit, it’s pretty profound; transaction tokens instead of card info flying around, info housed in a secure element within the phone — it’s great. A new report tells us just how Apple will make sure it’s good for them, too.

Continue Reading

Apple Pay hands-on: Goodbye Wallet

Apple Pay hands-on: Goodbye Wallet

Encouraging money out of your wallet has seldom been an issue for Apple Stores, but Apple Pay is hoping to make it even easier, streamlining the mobile payments process and eventually making credit cards something you leave safely at home. Launching on the iPhone 6 and iPhone 6 Plus, as well as on the Apple Watch, the new payments system slips its way into your Passbook while borrowing Touch ID for security. We grabbed some hands-on time to see just how easy it could really be.

Continue Reading

Apple Pay arrives to kill your wallet

Apple Pay arrives to kill your wallet

Apple is out to kill the wallet, and Apple Pay is the way it plans to do it. "Our vision is to replace this [traditional system]," CEO Tim Cook said, "and we're going to start by focusing on payment." The system turns the iPhone 6 and iPhone 6 Plus into a mobile payments terminal, using Touch ID for authentication.

Continue Reading

Apple may be working on rewards system for mobile payments

Apple may be working on rewards system for mobile payments

Here’s something different: it seems Apple is working on a real motivating factor to have merchants sign on for their mobile payment platform. It’s believed Apple is working on a rewards program for users who use their payment processing system, which could utilize NFC.

Continue Reading

Is this a working iPhone 6?

Is this a working iPhone 6?

Apple's big iPhone 6 event is almost upon us, but a new leak could've spoiled what surprise is remaining, seemingly showing not only a functional handset but perhaps confirming mobile payments support too. The phone, shared in photos by Weibo user zzray with cnBeta, is compared with an iPhone 5s to show the increased screen size, while a new Passbook icon apparently gives the nod to Apple's plans for cashless payments.

Continue Reading

You may use iPhone 6 to pay in CVS and Walgreens

You may use iPhone 6 to pay in CVS and Walgreens

Apple has reportedly convinced Walgreens and CVS to join its rumored mobile payment system, with the two huge pharmacy chains the latest participants in what's expected to be announced next week. Earlier this month, Apple was said to have brought key payments providers MasterCard, Visa, and American Express onboard, as it readies the new iPhone 6.

Continue Reading