New York Times
News about New York Times.
March 21st, 2016
Access to cash should become a legal right for Swedish consumers and banks should have a duty placed on them to provide cash services as a basic feature of payment accounts, Sweden’s central bank has…
October 8th, 2015
Samsung has responded to a New York Times report that claimed a hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of Magnetic Secure Transmission (MST) technology that was…
October 7th, 2015
A hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of the Magnetic Secure Transmission (MST) technology that was acquired in February 2015 to form a core part of Samsung Pay, the New York Times reports. “Both LoopPay and Samsung executives said they were confident that they had removed infected machines, and that customer payment information and personal devices were not affected.”
July 3rd, 2015
Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.
May 28th, 2015
Apple is preparing to unveil enhancements to Apple Pay that will include the launch of a rewards program for the mobile payments service, according to reports. “People familiar with Apple Pay said that, next month, Apple will announce such a program offering perks to consumers who make purchases with the service, though they declined to reveal details,” the New York Times says. It also quotes inside sources confirming that Android Pay and a new Google Wallet will be announced at Google’s I/O developer conference today.
December 16th, 2014
Apple Pay has signed up support from “dozens more banks, retail stores and start-ups”, with new additions including SunTrust, Barclaycard, USAA, TD Bank North America, Commerce Bank and Amway Center — the home of the Orlando Magic basketball team — The New York Times reports. Including the recent sign-ups, Apple says it now supports cards that represent some 90% of the credit card purchase volume in the US.
November 17th, 2014
Apple Pay accounts for 50% of tap-and-pay transactions at McDonald’s, which accepts “all payment products that leverage standard NFC”, according to a New York Times report. Walgreens has seen its mobile wallet payment volumes double since Apple Pay was launched, the report adds, but Toys R Us says it has seen “relatively few” mobile transactions because customers are “still learning about the new technology”. Whole Foods Market revealed last week that it has processed more than 150,000 Apple Pay transactions.
October 31st, 2014
MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson…
September 5th, 2014
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. Deals with American Express, MasterCard and Visa will mean that “iPhone owners will be able to use their devices as a sort of digital wallet, improving their ability to pay for items at select partner merchants without handing over cash or a credit card,” the report adds.
February 13th, 2013
Apple is experimenting with wristwatch-like devices made of curved glass, reports The New York Times. Citing “people familiar with the company’s explorations,” the Times speculates a future “iWatch” would run Apple’s iOS platform and could also be used to make mobile payments.
June 24th, 2011
Out-of-house (OOH) media company RMG Networks, which unveiled an NFC-enabled advertising network in April, is in talks with banks about an initial public offering (IPO) to raise more than US$250m, Bloomberg reports: At an RJ’s Market in San…