We’ve all been in a situation where we kindly offer to cover a tab, and then someone else decides they want to as well. The new Apple Pay ad examines the humor in that if you’re using a mobile payments service. It begins with a person letting their friend (or date) know they’re picking up the bill for dinner. But the person on the other side doesn’t oblige after receiving $55 on Apple...
Apple Pay will soon be supported at CVS pharmacies and 7-11 stores across the U.S., according to Apple CEO Tim Cook. The news was shared on the heels of Apple's massive third quarter earnings, which saw the company earn $53.3 billion in revenue. It was the strongest third quarter in the company's history. Since launching in 2014, Apple Pay has evolved into a huge service that's...
Expect to see a new credit card from Apple next year. The company is prepared to ditch Barclays and the Barclaycard Visa with Apple Rewards, according to the Wall Street Journal. The credit card would carry Apple Pay branding and include special benefits. Aside from offering special financing on the iPhone and other products, customers might be able to earn cash back on their purchases...
Money isn’t just something you can get out of your wallet or from your bank account. It’s in your phone. Digitally, that is. Now you can send and receive money in a few taps because various services will link to your bank account, grab the funds requested, and send them on their way. You no longer have to be embarrassed when the bill comes at a bar or restaurant and you’ve got a measly...
Apple Pay has landed another major supporter in ExxonMobil. Using the company's Speedpass+ app, iPhone users can use Apple's mobile payment service to pay for gas and a car wash at over 6,000 Exxon and Mobil gas stations across the U.S. ExxonMobil, which lost its status as the world's most valuable company to Apple in 2011, is by far the largest supporter of Apple Pay so far. But to...
Traveling to France later this year? You could be paying for your next croissant with Apple Pay. French site LesEchos reports that the service will arrive in the country before the end of the year, but the launch may happen over several months. Apple Pay could be available for some French banks in September though negotiations are apparently moving pretty slowly. The main issue seems...
Apple Pay will work differently than it does in the U.S. when it launches in the U.K. next month. It will still allow customers to use their iPhone or Apple Watch to make contactless payments at merchants, but there’s going to be a cap on how much you can spend each time. According to an official Apple FAQ, Apple Pay is limited to £20 per transaction in the U.K., which means you can’t...
Android Pay is a near identical clone of Apple Pay, but it won't be anywhere near as lucrative, according to a new report. Unlike Apple, Google isn't taking a cut from Android Pay transactions, so the service will literally be offered for free. The Wall Street Journal reports that the reason for this is "because Visa Inc. and MasterCard Inc., which operate the dominant payment networks...
Clearly the Apple Watch is going to be a thing – but will it be as successful as prior launches of the iPod, iPad and iPhone? I’m guessing not at first, but it will be the beginning of an Apple-led revolution in wearables. The company is late to the wearables party (just like it was for smart phones and MP3 players), but if it is in it for the long-haul, I think Apple can really make a...
The simplicity of Apple Pay is proving troublesome for some victims of identity fraud. The Guardian reports security from issuing banks—e.g. partners of Apple Pay—has proven lax, allowing thieves to easily add stolen credit cards to Apple's service. The damage so far has apparently risen into the millions of dollars, and banks are scrambling to come up with a fix. Apple Pay as a...