UK carrier owned mobile commerce venture Weve has cancelled its planned mobile wallet service in the wake of the Apple Pay launch, The Telegraph reports... More
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Apple confirms NFC chip lockdown
Access to the NFC chip in the iPhone 6 and 6 Plus will be available only to Apple Pay, an Apple spokeswoman has told Cult of Mac... More
Video demos show how Apple Pay users will make a payment with the iPhone 6
Videos of Apple staff demonstrating how Apple Pay will be used to make payments in stores and for in-app purchases have now been made available, providing further details of how the new mobile payments service will work... More
How Apple will generate revenues from mobile payments begins to become clear
An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional security to Apple Pay transactions, it is now becoming clear — giving Apple the ability to negotiate special deals with card issuers that will generate new revenues for the Cupertino company... More
Discover in talks on Apple Pay support
“We are in discussions with Apple to add Discover cards to Apple Pay in the future,” a representative of the US payment network has revealed on Twitter... More
MasterCard launches MDES token platform for mobile payments
MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from a range of other manufacturers... More
No support for carriers’ NFC SIMs in Apple devices?
Softcard, the US carrier-backed NFC venture formerly known as Isis, won’t have access to the NFC support in the new iPhone 6, iPhone 6 Plus and Apple Watch until 2015, a blog post by CEO Michael Abbott suggests — and, even then, it looks as though it won’t be via a conventional NFC-enabled SIM... More
Visa launches token service to support Apple Pay and more
Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and will be used to enable Visa cardholders to make use of Apple’s new NFC mobile payments service... More
Apple NFC: No support for tags or pairing?
An examination of the preview version of iOS 8 shows that there is currently no support in the operating system for NFC tag reading/writing and pairing, according to tag specialist RapidNFC. More
iPhone 6 to ship with NFC and support for Apple Pay mobile payments
UPDATED The new iPhone 6 and iPhone 6 Plus will include support for NFC, Apple has announced. The NFC functionality will let users make Apple Pay mobile payments in stores. More
Apple to offer rewards to mobile payment users?
Apple is to pilot a merchant partnership program that “may be related to Apple launching a loyalty/rewards program”, Bank Innovation reports, citing “multiple sources with knowledge of the program”... More
Twitter adds Buy button
“Today we are beginning to test a new way for you to discover and buy products on Twitter,” group product manager Tarun Jain has announced in a blog post... More
Apple to use tokenization for mobile payments?
“Apple will be utilizing near field communication (NFC) technology and tokenization technology in the new iPhone 6 and iWatch as a part of its payments initiative,” reports Bank Innovation, citing “sources close to Apple and with knowledge of Apple’s plans for its new smartphone”... More
Rumoured Apple retail partner list grows
The list of retailers that look set to accept Apple’s new mobile payments service now includes CVS and Walgreens according to Re/Code and Disney, according to 9to5Mac, which adds that Apple is installing additional Gimbal Series 20 Bluetooth beacons in its stores... More
Apple to include payments in Passbook?
A series of videos from China purporting to demonstrate the next iPhone show a new Passbook icon on the home screen that includes a new stripe at the top with a card icon, indicating Apple’s new mobile payments service will be integrated with its existing wallet service, MacRumours reports... More
Barclays to provide corporate customers with finger vein biometric devices
Barclays is to provide its UK corporate banking customers with finger vein biometric authentication devices that will let them “easily access their online bank accounts and authorise payments within seconds, without the need for PIN, passwords or authentication codes.”... More
Starbucks to expand mobile payments
Coffee giant Starbucks is to use its digital payments expertise and online presence to introduce a range of new formats and services, the company says, beginning with the introduction of mobile ordering at its first Express outlet in New York in early 2015... More
Apple cuts deals with card issuers?
Apple will be getting special rates from five US card issuers on mobile payments made by its device users, according to well-connected payments advisor Tom Noyes, and customers will use a combination of Bluetooth Low Energy (BLE), NFC and Touch ID to make payments in stores... More
NYT “confirms” Apple NFC payment plans
A report in The New York Times, which cites several people “with knowledge of the products” including two Apple employees — the first time the company has been mentioned as a source on the new products and services — appears to confirm many of the rumours circulating about Apple’s NFC payment plans... More
Apple iWatch to support NFC payments?
Apple plans to include NFC in a new smartwatch that will be unveiled on 9 September, as well as in the next iPhone, the Wall Street Journal reports, “signaling that it sees a role for the device in digital payments.” NFC “is central to Apple’s plans to offer so-called tap-to-pay into its mobile devices, allowing users to pay for goods and services using credit cards stored with iTunes,” the report adds... More