mobile payments

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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Oops: Apple Pay arch-rival CurrentC has already lost users’ info

Oops: Apple Pay arch-rival CurrentC has already lost users’ info

Apple Pay rival CurrentC is already spilling customer data, despite the mobile payments system only being available in a limited pilot program, according to an email sent out to partners. According to the message, which began hitting inboxes earlier today, the big-retailer backed venture to replace credit cards has seen email addresses of some of its early users acquired by unnamed hackers. However, CurrentC insists that it's only been those contact details and not payment information that has been taken.

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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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Don’t expect liberated NFC on the iPhone any time soon

Don’t expect liberated NFC on the iPhone any time soon

iOS app developers shouldn't expect access to the NFC hardware in the iPhone 6 and iPhone 6 Plus any time soon, with Apple still intending a tight grip on the short-range wireless system that's so integral to Apple Pay. The inclusion of a near-field communications chip in the latest iPhone duo led some to predict Android-style easy pairing with accessories, hyper-localization in apps, and other applications as we've seen proliferate around Google's platform, but according to iPhone product marketing VP Greg "Joz" Joswiak, you shouldn't hold your breath.

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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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Here’s why Rite Aid, CVS don’t accept Apple Pay

Here’s why Rite Aid, CVS don’t accept Apple Pay

This week, and really since inception, Apple Pay has had a lot of attention. The recent chatter surrounds Apple Pay problems, where some retailers are sidestepping the service due to their allegiance elsewhere. The problems are significant, but not insurmountable. Now Apple is responding, and a hashtag (#PayItSafe) has been created to unify fronts. Though Apple Pay isn’t new to mobile payments, they did rally the most of banners in a unified direction. Here’s why their opposition is significant, and might actually be a problem.

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Wells Fargo likes Apple Pay so much, it’ll pay you to try

Wells Fargo likes Apple Pay so much, it’ll pay you to try

Retailers may be in a quiet NFC war with Apple Pay, but banks are - perhaps unsurprisingly - just keen for people to start spending more money. Wells Fargo isn't leaving it to chance that its customers try Apple's mobile payments system, and is instead offering a kick-back for those who not only add a credit or debit card to the system, but make a payment using it. Up for grabs is up to $20 back from the bank, though you'll need to make an NFC payment in-store rather than an app-based payment.

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