Tag - MasterCard
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.
MasterCard and Deutsche Telekom will enable smartphone payments in Germany and Poland in the near future. Near Field Communication-based payments will be pushed through to T-Mobile customers in Poland by Q3 and to Germany by 2013, ahead of a potential rollout in other European regions.
Now AAPL Stock: 93.64 ( -0.1 )
Maps adds transit for Rio Olympics
On Monday, Apple added public transit directions for Rio de Janeiro in Brazil to its Apple Maps program in advance of the 2016 Summer Olympics, which begin on August 5. The addition marks the first time a Brazilian city has gotten the upgraded public transit maps, which include station maps as well as transit schedules and tracking. The transit directions cover ferries as well as bus, subway, and light rail lines. The company has recently expanded transit directions to Montreal in Canada, and Seattle, Portand (Oregon), and other US cities.
Ive opens Met Gala fundraiser in NYC
On Monday, Apple SVP of Design Sir Jonathan Ive opened the press preview of the annual Met Gala fundraiser for the Metropolitan Museum of Art's Costume Institute in New York City. Ive is serving as co-chair with Vogue editor Anna Wintour, and Apple is helping sponsor the event, which is themed "Manus x Machina: Fashion in an Age of Technology." He said the company is "thrilled" to participate in the Gala, and tied the company to the theme by saying that Apple's goal "has always been to try to create objects as beautiful as they are functional," adding that the company is "only starting" on its path of making products "more personal." http://bit.ly/1Y3EHKg
Tim Cook on CNBC Mad Money tonight
Apple CEO Tim Cook will be making an hour-long appearance on CNBC's investment show Mad Money this evening at 6PM ET. Slated for discussion, according to CNBC, are "Apple's future in China, Cook's outlook on innovation, what's next for iPhone, the Apple Watch, growth of Apple services and whether there are any potential acquisitions coming, among others."
Dev hacks Windows 95 onto Apple Watch
A developer has created a YouTube video that shows off a working version of Windows 95 running (very slowly) on an Apple Watch. Creator Nick Lee says that the OS takes about an hour to boot on the Watch because it is running in emulation rather than natively. While the project has no practical value, it does demonstrate how powerful mobile devices are in comparison to computers from the beginning of this century, as well as illustrating how far computing has come in the last 15 years -- long before smartphones, tablets, the cloud, and many more innovations that have come about since. http://bit.ly/1Y3AS85
WhatsApp working on Mac desktop app?
Allegedly-leaked information from a WhatsApp beta enthusiast account on Twitter appears to suggest that the messaging service and app maker may be developing native Mac and Windows versions, allowing users who sign up with the service to text each other all over the world using either Wi-Fi or cellular data. The source of the documents is in question, but it would not be unusual for the service to expand onto Mac and Windows desktops. WhatsApp is currently available for iOS, Android, BlackBerry, Nokia, Symbian, and Windows Phone. http://bit.ly/1Ura0zN
Drake's Views an iTunes, Music exclusive
Drake's new album Views (formerly known as Views from the 6) has debuted on iTunes and Apple Music as an exclusive in the first week of its release. The singles Once Dance and Pop Style, however, are available elsewhere in the interim. Securing exclusives from leading artists has been a key strategy that Apple has adopted in trying to attract users to its services. Most notably, Taylor Swift's hugely popular 1989remains unavailable to users of competing services like Spotify or Tidal. http://apple.co/1NLwsSH
TSMC chip sales to Apple jump $2B in 2015
Apple A9 and A9X chip supplier TSMC saw sales to Apple jump $2 billion in 2015. TSMC's fabrication partnership with Apple on the A-series processor helped drive its revenue to $26.4 billion, up six percent over the previous year, although its dependence on Apple's chip orders meant that without its business, TSMC's revenue would have actually declined by two percent. The Taiwan-based chip maker is currently sharing Apple's A9-series chip supplies with Samsung, although is rumored to be gaining all Apple's orders for the next-generation Apple A10 chips. http://bit.ly/24tCE6e