Tag - MasterCard
On Tuesday, Apple updated its partner page for Apple Pay, adding another 26 US banks and credit unions to a list that now extends to at least 1,240 financial institutions (not including two "loyalty card" issuers, BJ's Wholesale and Kohl's). Along with the new banks, a new prepaid "digital MasterCard" program has launched in the UK with Apple Pay support from a company called Wirecard, with the service known as "boon." Users will be able to transfer money into a prepaid account, and then use the digital card with merchants who support various virtual wallet technologies.
Apple Pay users with MasterCard-based credit cards will be able to travel across the London Underground at no charge on certain dates, as part of a new initiative. The "Fare Free Mondays" promotion will refund fares for the transportation network across the UK capital every Monday from today until December 14, but only for daily fares paid for with credit cards that use MasterCard via Apple's mobile payments platform.
To deliver secure digital payment options to millions of consumers, MasterCard today launched Digital Enablement Express. The new "Express" offering from MasterCard is aimed at other platforms than Apple Pay, and expedites the process of digitizing and tokenizing MasterCard accounts through the MasterCard Digital Enablement Service (MDES) -- which is part of the Apple Pay acceptance chain for the credit card company.
Mastercard and Major League Baseball have announced that the July 14 All-Star Game and the ongoing All-Star Fanfest, both taking place in Cincinnati, will accept Apple Pay for tickets, food, and merchandise at the two events. The Fanfest, which opened today and will run through to the day of the game, is being held at the Duke Energy Convention Center.
MasterCard is testing out an unusual method to verify the identity of a credit or debit card holder, by using photographs as an authentication method. The app is said to require the user to take a self portrait at the time of purchase in order to prove who they are, as MasterCard explores alternative ways for users to make mobile payments without having to provide a fingerprint or remember a PIN or password each time.
A research analyst with Keefe, Bruyette & Woods, Sanjay Sakhrani, has published what he claims are the terms financial institutions must agree to in order to join Apple Pay. Apple is said to be receiving 15 basis points per credit card transaction (which translates to 15 cents for every $100 spent), and half a penny per debit transaction. Banks must allow 95 percent of their cards to be used with Apple Pay, not necessarily including gift or ATM-only cards.
At a press event last week, MasterCard and Zwipe announced a new type of payment card dubbed the Zwipe MasterCard. Where the new card is different from the the standard credit or debit card is in the payment process, looking to biometrics to approve purchases. The Zwipe MasterCard uses authentication via fingerprint for MasterCard contactless payment terminals, while retaining Europay, MasterCard and Visa (EMV) chips on cards.
MasterCard and connectivity provider Syniverse today joined forces to deliver a number of mobile and payment services designed to enhance peace of mind for mobile users when traveling abroad. The two companies are currently testing a technology for an opt-in service that will enable card transactions for users only when they have their mobile device switched on in a specific geolocation, adjacent to the transaction location.
A British hacker has been found guilty for his part in a Distributed Denial of Service attack against payment services. Anonymous member Christopher Weatherhead, attacked MasterCard, Visa, and Paypal after they turned away from processing payments for Wikileaks, as well as music industry companies, in attacks costing those involved over $5.6 million.
Google Wallet has received some major updates today. The mobile payments platform has opened up to accept all credit and debit cards from American Express, Discover, MasterCard, and Visa, with financial data stored in the cloud instead of on the handset itself. Twenty five national US retailers have partnered with Google for the service, and through a partnership with MasterCard PayPass, mobile payments can be performed at over 200,000 retail locations across the country.
Now AAPL Stock: 120 ( + 0.22 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE