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Retailers Remain Skeptical of Apple Pay

June 5, 2015 by Mobile Payment Magazine

In a January earnings call with investors, Apple Inc Chief Executive Tim Cook made a confident prediction: “2015 will be the year of Apple Pay,” he said. Since then, the company has aggressively courted retailers – and claimed significant success. “We’ve spoken to all of the top 100 merchants in the U.S., and about half will accept Apple Pay this year, with many more the following year,” a company spokesperson recently told Reuters.
[Read more…]

Filed Under: News Tagged With: Apple Pay

Android Pay Coming… to Eat Apple’s Lunch?

May 27, 2015 by Mobile Payment Magazine

Google may be unveiling a new mobile payments platform called Android Pay at its I/O developer conference in San Francisco. It should be well integrated with Google’s Android mobile operating system, and could very well beat Apple Pay in its features and functionality. [Read more…]

Filed Under: News Tagged With: Android Pay, Apple, Apple Pay, google

iZettle Rolls Out Contactless Card Reader with Apple Pay Support

May 19, 2015 by Mobile Payment Magazine

[Read more…]

Filed Under: News Tagged With: Apple Pay, Contact Payments, iZettle

Trader Joe’s to Accept Apple Pay

May 15, 2015 by Mobile Payment Magazine

Kiosks at Trader Joe’s checkout counters across the U.S. have been seeing upgrades in recent weeks and months to VeriFone touchscreen machines. Some of these payment terminals already advertise that they accept Apple Pay, as seen above at a store in Raleigh, spotted by AppleInsider.Not all stores have yet enabled support for Apple Pay, even if the new VeriFone terminals are installed. For example, a trip Friday afternoon to the Trader Joe’s in Brooklyn revealed that Apple Pay is not yet being accepted, and a check-out clerk mentioned that support is forthcoming at an unknown date. [Read more…]

Filed Under: News Tagged With: Apple Pay, Trader Joe's

Apple in Talks with Alibaba for Apple Pay in China

May 11, 2015 by Mobile Payment Magazine

During a recent visit to China, Apple CEO Tim Cook said Apple is moving forward with talks to roll out Apple Pay in partnership with regional banks and perhaps e-commerce giant Alibaba Group.

[Read more…]

Filed Under: News Tagged With: Alibaba, Apple Pay, China

MCX CEO Dekkers Davidson Steps Down

April 29, 2015 by Mobile Payment Magazine

Dekkers Davidson, CEO of Merchant Customer Exchange (MCX), developer of the CurrentC mobile payment platform, is leaving the company. MCX has announced the appointment of financial services and payment industry veteran Brian V. Mooney as the company’s Interim Chief Executive Officer. Mooney succeeds Dekkers Davidson, who is leaving MCX to pursue other opportunities. The move comes on the heels of an increasing number of competitive players in the mobile payments field, and the recent announcement during Apple’s earnings call that Best Buy is poised to break from exclusivity with CurrentC and begin supporting Apple Pay. CurrentC merchants Home Depot and Acme also have plans to accept Apple Pay. [Read more…]

Filed Under: News Tagged With: Acme, Apple Pay, Best Buy, Brian Mooney, Dekkers Davidson, Home Depot, Merchant Customer Exchange (MCX)

Disover Announces Agreement with Apple Pay

April 27, 2015 by Mobile Payment Magazine

Discover today announced an agreement with Apple that will allow Discover cardmembers in the U.S. to make contactless payments in participating stores through Apple Pay. [Read more…]

Filed Under: News Tagged With: Apple Pay, Discover

Apple Pay Progress After 6 Months

April 22, 2015 by Mobile Payment Magazine

Apple Pay ChartSix months after the release of Apple Pay, how is Apple doing? Early consumer surveys of iPhone users reveal that few users have both enabled a card on the app and gone ahead to make a purchase with it. Worse, few retailers seem to support Near Field Communication, or NFC, payments—just 700,000 locations according to Apple’s latest reckoning. Will lack of avenues to use Apple Pay at the point of sale doom its likelihood of becoming the iPhone user’s payment method of choice? [Read more…]

Filed Under: Research Tagged With: Apple Pay, Mercator Advisory Group

Apple Pay Already Surpassing PayPal and Google Wallet

April 21, 2015 by Mobile Payment Magazine

apple-pay-logoWell, that didn’t take long! A new survey from 451 Research finds Apple Pay gaining momentum in the mobile payments space, surpassing both PayPal and Google Wallet.

“Our latest survey shows planned use of Apple Pay has been on an upward trajectory since it became available six months ago – with the service helping to spark consumer demand for mobile payment technologies,” said Andy Golub, Survey Research Director for 451 Research. “Although consumer perceptions of security remain an issue, the results point to marked improvements in this area.”
[Read more…]

Filed Under: News Tagged With: 451 Research, Apple Pay, Google Wallet, PayPal

Wallet Wars: The Battle for Payments is Just Starting

April 18, 2015 by Mobile Payment Magazine

Starbucks created a lot of buzz about mobile payments when the company release it’s popular mobile payment app in 2011, and indeed Starbucks was on the vanguard of consumer retail mobile payments. And by most measures the Starbucks app should be considered a success. CEO Howard Schultz told investors during a recent earnings call: “Today in the U.S. alone over 13 million customers are actively using our mobile apps and we’re now averaging over 7 million mobile transactions in our stores each week, representing roughly 16% of total tender, more than any other bricks and mortar retailer in the marketplace.” That’s impressive.
[Read more…]

Filed Under: News Tagged With: Alibaba, Apple Pay, google, Google Wallet, LoopPay, Paydiant, PayPal, Samsung, SoftCard, Starbucks

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