Apple has long been rumored to be working on its own payment service to turn your iPhone into a wallet, and 9to5Mac’s latest report backs up these rumors. According to its sources, Apple has been in talks about a mobile payments service with “high-profile retail brands” that sell “luxury clothing and premium goods.”
Nothing has been made official at this point, but it’s pretty clear that Apple is working on a mobile payment product. Chief executive Tim Cook touts the hundreds of millions of credit cards Apple has on file in iTunes accounts every chance he gets, and the obvious inference is that the people linked to these …
During last quarter’s earnings call, Apple CEO Tim Cook all but confirmed that mobile payments will be coming to the iPhone. This always made sense: With iBeacons, Passbook, and AirDrop, Apple has all the pieces ready and now just needs to figure out how to put them in place.
It really looks like Apple is getting into the mobile payments game. Last week, The Wall Street Journal reported that Apple was working on a mobile payments system and earlier this month, Apple was awarded a patent that detailed a method for sending secure payments over Wi-Fi, Bluetooth Low Energy, or NFC. Also late last …
Companies are trying as hard as they can to convince us that smartphone-based payment systems are the future, but we have seen little thus far to convince us that this new technology will break out anytime soon. Tap-to-pay smartphone solutions require retailers to update their point of sale (POS) terminals, and mobile payment solutions providers …
Apple (AAPL) shares have fallen more than 35% since hitting a record high last September. The tech press has declared that Apple is doomed. On the defensive. Unable to compete with Samsung (005930). Never mind that the company only pulled in $13 billion in profit last quarter, and only has $140 billion in cash, and …
Launched in May 2011, Google Wallet was supposed to revolutionize shopping and replace cash and credit cards with NFC-enabled smartphones. While the idea was and still is ambitious, Google (GOOG) Wallet has been hampered by the reluctance of retailers and small businesses to upgrade their point-of-sale systems to support NFC. Last week, Android Police published what …
A number of industry watchers have voiced concerns that touchless mobile payment solutions will not truly find widespread adoption until Apple (AAPL) joins the fray and adds the functionality to its popular iPhone line of smartphones. While Apple has yet to give any indication that its smartphones will support NFC-based mobile payments in the future, …
Following the likes of PayPal and Square, Groupon (GRPN) has revealed that it’s releasing its own credit card payment service called Groupon Payments. Groupon Payments will be available for the iPhone and iPod touch, and participating merchants can get free plastic dongle for swiping credit cards or pony up for a $100 smartphone case/credit card slider. …
PayPal on Wednesday made its big move to upend Google (GOOG) Wallet in the mobile payment platform wars by signing a deal to enable its mobile payment system on Discover’s credit card network. As reported by GigaOM, the new partnership will deliver PayPal’s in-store payment service to more than 7 million different stores across the …
