Copyright © 2015
Tag - Wells Fargo
A new report confirmed by the head of Wells Fargo's ATM division suggests that at least two large US banks are working on adding NFC secure payment functionality to automatic teller machines, giving customers the option of simply waving their smartphone or Apple Watch to use Apple Pay-style authentication rather than the traditional debit card insertion and PIN confirmation entry. The system will also support other mobile wallets, and is being tested with Android Pay currently.
US bank Wells Fargo is offering one-time payments as an incentive to try Apple Pay. Customers willing to make a first-time credit card transaction through the service are being given $20, while a debit or prepaid transaction is worth $10. Both offers expire after November 30th; the $20 credit should appear on a statement in one or two billing cycles, but the $10 credit should appear in a checking account within 45 days.
Kodak is drafting Chapter 11 bankruptcy filings in the event it can't sell patents in the next few weeks, insiders asserted Wednesday. The proposed plan seen by the Wall Street Journal would see the camera legend possibly enter bankruptcy later this month or in early February. The reorganization would see it get $1 billion of debtor-in-possession funding and sell its entire library of 1,100 patents through a bankruptcy auction rather than a typical process.
Now AAPL Stock: 94.46 ( + 0.44 )
Apple Music in Taiwan, now up to 113 countries
Apple Music has now added its 113th country, Taiwan, to its expanding list of areas where it offers its paid subscription service. The price in the country will start at NT$150 (about $4.50 US) for an individual subscription, and that now includes (as it does in the rest of the world) the formerly free-but-ad-supported iTunes Radio feature, which as in other countries will be customized somewhat to offer channels of locally-popular music styles. Following on the heels of the addition of the service to Turkey, Apple Music is now available in 16 countries and regions -- including China, India, Russia, and Japan -- where Spotify has not yet arrived. http://apple.co/1Q3yI2e