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    News stories featuring Apple:

    Apple Pay tops US merchant mobile wallet requests

    March 4th, 2016

    Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals. “That figure dwarfs the 18% that requested Android Pay/Google Wallet, 8% for PayPal and 7% for Samsung Pay,” the report adds.

    Frost & Sullivan predicts surge in mobile wallet adoption

    March 4th, 2016

    The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014… More

    Analyst compares global take-up of key mobile payment services

    March 4th, 2016

    Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg. Those numbers equate to some 6% of consumers able to make use of Apple Pay, the company estimates, compared to 4% for Samsung Pay and 1% for Android Pay.

    148m consumers to make NFC mobile payments in 2016

    March 1st, 2016

    Some 148m consumers will make NFC mobile payments this year, with Apple and Samsung accounting for nearly 70% of new customers, Juniper Research forecasts. “The research also anticipated that models based on host card emulation (HCE) would be widely deployed by banks and a number of leading OTT (Over The Top) players,” the firm says, predicting that NFC smartphones will be the main driver for contactless payments in the US owing to “the limited number of cards that currently offer the facility”.

    MasterCard to support Apple Pay in Canada?

    March 1st, 2016

    MasterCard could begin supporting Apple Pay in Canada this year, according to a MacRumors report. “MasterCard is also looking to support Apple Pay in Brazil, Hong Kong, Japan and Singapore in 2016,” the publication says. “The information is based on an unverified document, however, so the plans cannot be proven beyond a reasonable doubt until other evidence surfaces.” Apple Pay launched in Canada in November 2015 with support from American Express alone.

    MasterCard offers Apple Pay users free travel in London

    February 29th, 2016

    MasterCard cardholders using Apple Pay can travel for free around London for the next three consecutive Mondays. “All passengers on London’s transport network touching in and out this way will benefit from a refund of up to £28.10 per promotional day,” the payment network says. Fare Free Mondays using Apple Pay were first introduced by MasterCard in November 2015.

    Android Pay to make UK debut in March?

    February 29th, 2016

    Android Pay will launch in the UK in March, according to The Telegraph. “Google will announce that Android Pay will be available in Britain from the end of next month,” the publication reports. Apple Pay has been live in the UK since July 2015 while Samsung Pay is expected to make its UK debut later this year.

    Apple Pay to launch in France this year?

    February 29th, 2016

    A “small handful” of major French banks are now poised to sign deals to bring Apple Pay to France “by the end of the year”, Les Echos reports, following months of negotiations over the share of transaction fees Apple should receive from card issuers. The recent deal between Apple and China UnionPay “is auspicious because it shows that Apple may make concessions,” one observer told the French newspaper.

    Trust in Apple as a mobile wallet brand increases in the UK

    February 25th, 2016

    Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals. “Apple has improved from a figure of 18% back in summer 2014 to be trusted by fully 25% today,” the company’s Richard Snoxell writes in a blog post. PayPal has the highest trust rating with 40%, followed by banks (36%) and Visa (33%). Trust in Google stands at 17%.

    Nearly 1bn to use NFC payments by 2019

    February 25th, 2016

    A total of 1.09bn people will be making mobile proximity payments globally by 2019, of which 939.10m will be made through NFC, Ovum’s new m-payments forecast reveals. The total transaction value of mobile proximity payments will grow from US$4.77bn to $141.21bn over the same time period. More

    Chinese banks face lower fees to support Apple Pay

    February 22nd, 2016

    Banks supporting Apple Pay in China will pay approximately half the amount in fees that US banks are paying to support the service — and may have negotiated a lengthy initial holiday period, according to Caixin. “Chinese banks have agreed to pay around 0.07% of each transaction to Apple,” the publication reports. “Apple Pay reportedly collects 0.15% of each purchase from banks in the US. Apple will start collecting the fees in two years.” Apple Pay launched in China last week.

    30m users sign up for Apple Pay in China

    February 19th, 2016

    More than 30m Chinese consumers signed up to Apple Pay during its first day of launch in the country, China’s People’s Daily reports. Consumers reported experiencing difficulties when registering their payment cards to the mobile payment service but Apple has since told 9to5mac that the issues were due to a planned gradual rollout of the service throughout the day.

    Apple releases update to fix Error 53

    February 19th, 2016

    Apple has released an update to iOS 9 that will restore devices left disabled by Error 53. “For anyone who experienced Error 53, Apple has released an update to iOS 9.2.1 to allow you to successfully restore your device using iTunes on your Mac or PC,” Apple says. “If Touch ID on your device didn’t work before you saw Error 53, the feature still won’t work after you restore your device.”

    40 more US banks sign up for Apple Pay

    February 18th, 2016

    More than 40 US banks and credit unions have joined the list of Apple Pay supporting financial institutions in the US. The number now totals over 1,000, 9to5mac reports.

    CIBC to support Apple Pay in Canada?

    February 18th, 2016

    CIBC may soon become one of the first banks in Canada to support Apple Pay, which is currently only available to American Express card holders. “iPhone in Canada reader John from Toronto tried to add his CIBC Visa to Apple Pay and was greeted with [a] terms and conditions message that stated Apple Pay Terms of Service for CIBC Customers,” iPhone in Canada reports.

    Apple Pay launches in China

    February 18th, 2016

    Apple Pay has begun rolling out across China, letting consumers pay in-store with compatible Apple devices using their China UnionPay credit and debit cards at QuickPass-enabled POS terminals as well as make purchases within participating mobile apps. More

    ICBC confirms Apple Pay launch date in China

    February 17th, 2016

    Customers of Industrial and Commercial Bank of China (ICBC) will be able to use Apple Pay from 18 February, the bank has confirmed in a series of tweets reported by Reuters. China Guangfa Bank and China Construction Bank are also expected to offer the service to customers from launch.

    Apple Pay to launch in China on 18 February?

    February 16th, 2016

    Apple Pay could launch in China this week following confirmation from China Guangfa Bank. “The bank’s WeChat account is dispensing information about Apple Pay and the available menu options include a query about when Apple Pay will be available,” Tech In Asia reports. “If you select that option, the account will tell you it’s coming to China on February 18.” French website iGen is also reporting that the service will make its French debut in the first half of this year, “perhaps during the WWDC to be held in June”.

    Apple Pay awareness, adoption and usage drops in the US

    February 12th, 2016

    One fifth of iPhone 6 owners in the US (20%) have used Apple Pay at least once, research from First Annapolis Consulting reveals, down from 22% in spring last year. 15% say they use it regularly — more than once per month — down from 19% in the 2015 survey. More

    Security update fixes Apple Pay flaw

    February 11th, 2016

    Apple has released a security update that fixes more than 100 iOS bugs, including a vulnerability in Apple Pay that allowed third parties to see sensitive information as a payment was made. “The security issue would have allowed hackers to trace the recent transactions that users made through Apple’s mobile payment system,” Tech Times reports. “All the information regarding the transactions could be obtained by hackers through the log feature of the platform. With the update, the functionality has been entirely removed.”

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