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. “Apple wanted to launch the payment product with BLE (not NFC) but existing payment networks didn’t want to cause merchant chaos in fragmentation of acceptance infrastructure,” he says.
- ABN Amro pilots wearable payments with select customers
- Danske Bank brings Apple Pay to customers in Northern Ireland
- Dankort gets lockscreen mobile payments and Touch ID support
- Punchh brings Apple Pay to restaurant loyalty program
- East London gets local currency built on the blockchain