Tag - Visa
Starting early this morning, Apple Pay users have been experiencing problems adding Visa cards to the wallet. The issue is limited to addition of new Visa debit or credit cards only, and is not impacting payments with existing Visa cards, or the addition and use of competing company cards.
On the heels of a new promotion from Mastercard that allows Apple Pay users to ride free on the London Underground, Visa Europe is kicking off a two-month ad campaign that intends to show users why using Apple Pay in the UK is safer, faster, and easier than the current EMV (chip and PIN) card-based payment system. Titled "Anticipation," the first ad very elegantly communicates the ease, speed and yes, thrill of using Apple Pay.
Apple and Barclaycard have partnered on new credit card that grants users Apple Store gift cards. The Barclaycard Visa with Apple Rewards gets users a $25 card for every 2,500 points earned. In the past Apple only offered the Barclaycard iTunes Rewards Visa Card, which earned Mac buyers credit towards purchases at the iTunes Store.
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.
A new report is claiming that Apple is accelerating its plans for a grand "digital wallet" mobile payments system, which could even be ready to debut in the same time frame as the expected "iPhone 6." The company is said to be in talks with Visa to create a partnership agreement that would allow consumers to pay for goods and services using only their iPhone, leveraging the "secure enclave" portion of the A7 chip and Touch ID to create what would be expected to be a seamless mobile payment system.
T-Mobile is attempting to take on the banking industry by launching a personal finance service that allows users to manage their funds via smartphone apps. Working with Bancor, Mobile Money allows users to add funds to a prepaid Visa debit card and perform most of the tasks typically associated with a checking account, though for a large number of every-day actions, there will apparently be no fees charged to customers.
Visa and Samsung has inked a deal that could help speed up the adoption of mobile payments globally. The initiative will see the phone manufacturer preload the Visa payWave applet onto future devices that use NFC technology, as well as helping financial institutions to push payment information to the mobile devices as an over-the-air update, for storage directly on the device.
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.
Visa Europe on Monday revealed that its V.me by Visa digital wallet service will launch in the fall in the UK, Spain, and France. At the same time, payments processor WorldPay will be a key development partner of the platform in the UK. More partners, such as banks and retailers, will be named before the autumn.
Now AAPL Stock: 93.24 ( -0.95 )
Netflix iOS app now offers cell-data controls
In a new update to its iOS app on Thursday, subscription entertainment service Netflix has introduced new user controls for streaming over cellular networks to prevent overages, throttling, or other usage issues caused by the high data rate of streamed HD video. Users can choose from a given amount of streaming video that "costs" 1GB of cellular data, which lowers video quality to allow as much as four hours of video per GB (the "automatic" setting provides three hours, while higher quality settings reduce the time to two hours, or one hour at the best setting). In addition, the updated app now offers more 3D Touch options from the app icon, beyond the "peek and pop" previews for video. http://apple.co/24AD1vR
Bentley launches app for Apple Watch
Carmaker Bentley now offers an Apple Watch app for its Bentayga SUV -- a vehicle with a starting price of $229,000 -- that offers some advanced automotive functions not previously seen in other car apps for Apple's wearable. The app allows Watch wearers to control various seat adjustments, environmental controls (including seat massage), and the entertainment system. In addition, various vehicle stats are available at a glance, including distance traveled and vehicle speed. The app is available free on the App Store. http://apple.co/24AyXvs
Lunch with Cook auction nets $515K
The Charitybuzz auction that offered lunch with Apple CEO Tim Cook at Apple HQ and a pair of passes to a future Apple event (winner's pick) has ended with a high bid of $515,000, the highest amount the annual auction has fetched since 2013. Proceeds of the auction will benefit Cook's preferred charity, the Robert F. Kennedy Human Rights organization, where Cook was recently named to the board of directors. The winner, who was unnamed, will be responsible for their own transportation and accommodation, and Cook has up to a year to schedule the meeting -- making it possible that the winner will be among the first to dine with Cook in the new Campus 2 cafeteria, which is set to open along with the rest of the new facility early next year. http://bit.ly/236Wf9N
Free Windows 10 upgrade program ends July 29
Ending speculation, Microsoft has officially announced that it will end free Windows 10 upgrades on July 29, the one-year anniversary of the rollout of the OS. Following the 29th, Microsoft's ubiquitous OS will retail for $119 and up. http://bit.ly/1O0a7kA
US tech giants to candidates: support TPP
Tech giants including Apple, Facebook, Amazon and Uber are among thirteen major US corporations who have written an open letter to Donald Trump and Hillary Clinton urging them to support the Trans-Pacific Partnership (TPP) deal, reports Reuters. Although not yet made public, the letter also asks the candidates to make it easier for the companies to hire tech workers from overseas. Both are not happy with the TPP deal, although Trump is sterner in his opposition to any kind of trade deals between countries. Trump has not rejected outright the idea of importing high-tech talent from overseas, while Clinton has already voiced her support for the idea. http://reut.rs/1Wb0Zwq
Apple mandates June 1 app IPv6 support
Apple has set the deadline for IPv6 support for App Store-supplied software. On June 1, apps thast use a custom networking stack and that are submitted to the app store must support IPv6-only networks. The rule, announced last year as coming soon, will only affect a small portion of submitted applications that do not use the NSURLSession and CFNetwork APIs. http://apple.co/24yBTIY
YouTube Unplugged OTT service coming 2017?
As part of the continuing YouTube evolution, the video streaming service is reportedly considering a paid subscription service that would provide users "over the top" cable TV service. According to sources familiar with the matter, the service has been in the works since 2012, has already made changes to accommodate the live video feeds, and could debut the offering as soon as 2017. http://bloom.bg/1rvx8BW