mobile payments

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.

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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.

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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.

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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.

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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.

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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.

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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.

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Isis Wallet rebrands to Softcard, just in time for iPhone 6

Isis Wallet rebrands to Softcard, just in time for iPhone 6

Once the acronym ISIS appeared in world news, it was inevitable that the innocent Isis Wallet system would have to change its name. Though it seems it has taken its sweet time to do so, with its original announcement still back in July, it has now announced its new moniker "Softcard", coming just in time before Apple announces its iPhone 6.

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Apple tipped to unveil iPhone Wallet next week

Apple tipped to unveil iPhone Wallet next week

Whenever Apple announces a new iPhone, it announces an entire ecosystem to go along with it. According to a source who shall not be named, part of that new ecosystem will be the iPhone Wallet, a mobile payment system that will try to venture in a retail world where others have gone to little or no success.

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Coin digital credit card now ready, comes with big catch

Coin digital credit card now ready, comes with big catch

Remember Coin, the one card to rule them all? They’re nearly ready to ship their digital credit card, and are expanding their beta testing base just a bit. Sounds great, we know, but there are some catches involved — one of which might dissuade backers from using Coin long-term.

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Report: eBay wants to spin PayPal into standalone business

Report: eBay wants to spin PayPal into standalone business

PayPal is a strong player in the world of mobile payment solutions, and leans heavily on eBay for leverage in that realm. That’s because eBay owns PayPal, and uses them as an in-house payment processor. A new report suggests that the online marketplace may be looking to spin PayPal off as its own unit, likely making it more nimble in the process.

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Look out Square, Amazon Local Register is gunning for you

Look out Square, Amazon Local Register is gunning for you

Amazon has launched its Local Register card reader for retailers, taking on Square in the mobile payments space with what the online behemoth claims are segment-besting rates. Amazon's dinky dongle plugs into the headphone jack of an iPhone, iPad, or Android tablet - including, unsurprisingly, the company's own Kindle Fire HD and HDX - and accepts swiped credit and debit cards, though you'll have to pay upfront for the reader itself.

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