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MasterCard offers free travel on London Underground using Apple Pay

11/23, 11:05am

Free Fare Mondays refunds travel costs paid with MasterCard via Apple Pay

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.


Apple CEO talks diversity, health products, UK Apple Pay

11/12, 1:04pm

Cook's European tour a busy mix of meetings, appearances

On a European tour ostensibly to promote the new iPad Pro, Apple CEO Tim Cook has had a variety of meetings -- ranging from his usual unannounced appearances at Apple Stores to meeting with the finance chief of the UK to a speech to students at an Italian university. With the UK's Chancellor of the Exchequer George Osborne, Cook wanted the government to help speed up adoption of mobile payments; in various UK newspaper interviews, he hinted at further health products, and in Italy, he waxed reminiscent on his own schooldays.


Chase introducing Chase Pay app next year powered by CurrentC

10/27, 8:23am

Chase-produced Apple Pay alternative will use barcodes for payments

JPMorgan Chasewill be taking on the mobile payments market with its own service, by partnering with retailer consortium MCX to produce a CurrentC-based app. Chase Pay is anticipated to launch in the middle of next year, with bank customers expected to be able to pay for goods and services at a number of retailers using their smartphone, though unlike its main competitors, such as Apple Pay, the system will use on-screen barcodes to facilitate payment instead of NFC.


Apple Pay goes live in the UK, lacks support of some major banks

07/14, 6:33am

NatWest, RBS, Santander among first banks supporting Apple Pay in UK launch

Just as previously rumored, Apple Pay has gone live in the United Kingdom, approximately nine months after it first launched in the United States. Usable with existing contactless payment systems in more than 250,000 retailers across England, Wales, Scotland, and Northern Ireland, the service includes support for quite a few banks and financial institutions in the country, though there are a few notable banks missing from the initial launch list.


Barclays UK reverses course, will 'imminently' support Apple Pay

07/10, 6:53pm

Bank had faced customer defections, publicity backlash over resistance

After becoming best known for being the only major UK bank not to support the forthcoming rollout of Apple Pay support in the UK in favor of its own, much more awkward "bPay" solution, Barclays has apparently done an about-face and announced that it will provide "imminent" support of Apple Pay in the UK in the near future. The mobile payments system, anticipated to formally go live on Thursday, will still face some limitations.


Home Depot to support Apple Pay across entire 2,000-store chain

05/05, 4:47pm

Some stores had been supporting the service unofficially alongside NFC rivals

Contrary to earlier media reports that suggested Home Depot would drop the mobile payments service, in fact the company has announced that it formally plans to support Apple Pay throughout its entire US operation, making it the largest retailer thus far to support Apple's mobile-payments platform. The announcement comes alongside, and will not replace, stores' acceptance of payment rival PayPal, and the chain says it may continue to add other payment forms.


Google Wallet balances now have FDIC protection

04/19, 8:43pm

Funds of Google Wallet users now held in FDIC-insured accounts

Google has taken a step to protect the users of Google Wallet, by making funds stored on their accounts FDIC-insured. Confirmed to Yahoo Finance, Google is now storing funds of its users in multiple banking institutions that are protected by the Federal Deposit Insurance Corporation, safeguarding account balances in the event the company or bank shuts down.


Softcard shutting down mobile payments apps on March 31

03/05, 1:13pm

Service ending following Google purchase of IP, technology

Softcard, the mobile payments service backed by carriers AT&T, Verizon Wireless, and T-Mobile, will be closing completely by the end of this month. The company revealed that, following the purchase of its intellectual property and technology by Google, the Softcard app will cease working on March 31, with accounts automatically closing on the same date.


PayPal acquires Paydiant, adds NFC to Here card reader

03/03, 11:45am

Paydiant purchase gives PayPal custom mobile wallet services to offer retailers

PayPal has made two announcements relating to mobile payments at Mobile World Congress, including an acquisition. The company has purchased Paydiant, a startup that provides mobile wallet services to retailers and banks for payments, loyalty cards, and coupons. At the same time, PayPal advises it will be making an updated version of its Here Chip and PIN reader, this time one that works with NFC.


Android Pay reportedly launching at Google I/O in May

02/26, 11:10am

Android Pay rumor comes as Softcard pulls support for Windows Phone

Google will be launching a new payments API at its Google I/O developer conference in May, a report claims, potentially giving Apple Pay some stiff competition. Android Pay will allow developers to not only add mobile payments to their apps, but to also facilitate in-store purchases via smartphone over NFC. The news comes as Softcard reveals it is starting to pull support for its apps, following the purchase of its intellectual property by the search company.


Briefly: Microsoft Office 365 in Education, Pingit pays Twitter names

02/25, 6:58am

Microsoft simplifies student enrollment process for free Office 365 subscription

Microsoft is offering a simpler way for students around the world to check their eligibility for a free Office 365 license. While free subscriptions have been around for a while, it typically involved a lengthy process to check for eligibility. Now, students and teachers need to just sign up with a valid school email address to receive their subscription, which includes installation of Office apps on up to five computers and up to five mobile devices, as well as 1TB of OneDrive storage.


Google buys Softcard technology, signs Google Wallet distribution deal

02/23, 3:58pm

Verizon, AT&T, T-Mobile to pre-install Google Wallet on new smartphones

Google is preparing to compete more intensely against Apple Pay, by acquiring mobile payments technology from Softcard. At the same time, Google has struck a deal with AT&T, T-Mobile, and Verizon Wireless to have Google Wallet pre-installed on sold devices, the same group of carriers who backed the Softcard payments system in the first place.


Cook proclaims 'Year of Apple Pay'; Apple cash stockpile now $178B

01/28, 3:02am

Now taking two-thirds of mobile payments; cash grows despite payouts

If you are making a contactless mobile payment in the US based on a Visa, MasterCard or American Express account, odds are that you're doing it from an iPhone 6 model. During the conference call with analysts, Apple CEO Tim Cook revealed that the company's Apple Pay mobile payments system -- only in its fourth month -- now accounts for more than $2 of every $3 of money paid in that manner. In addition, CFO Luca Maestri updated analysts on the still-growing (but more slowly) cash stockpile Apple has, now at $178 billion.


Mobile payment company Softcard potentially for sale

01/17, 1:35am

Possible buyers include Google. PayPal

Softcard, a mobile payments system that preceded but competes against systems such as Apple Pay and Google Wallet, was created as a joint venture with investments by mobile carriers AT&T, Verizon, and T-Mobile. In the midst of Apple implementing near-field communications (NFC) for Apple Pay, along with internal struggles at Softcard, reports are surfacing that the mobile payment company is being sized up for purchase, potentially by one of its rivals.


Line prepares to globally launch mobile payments service soon

12/05, 3:45pm

Mobile payments through Line to use secondary password, Touch ID

Japanese messaging service Line is preparing to globally launch a mobile payments service for iOS and Android in the near future. Line Pay, a service which has already launched in its native Japan in October, will allow its users to register payment details within the app, using their account to pay for Line stickers and other items from the Line store, as well as other online retailers and physical locations.


Banks, credit unions continue adding support for Apple Pay

12/03, 7:54pm

Supporting merchant list also expanding as holidays near

Apple Pay, the iPhone maker's new system for mobile payments secured by Touch ID technology, has gained more acceptance as banks and credit unions continue to add support for it. Specifically, two new credit unions -- L&N Federal Credit Union and UW Credit Union -- are now allowing their cards to be used with Apple Pay, and M&T Bank has authorized its small business debit cards to be compatible with the system. A host of other institutions have already announced they will be supporting Apple Pay soon.


Grocery chain Meijer bucks CurrentC, accepts NFC mobile wallets [u]

10/30, 5:48pm

Will test MCX executives' recent doublespeak claims on exclusivity

[Updated with MCX clarification] Rather than disable its NFC-compatible terminals and stop taking Apple Pay (or Google Wallet, or Softcard) mobile payments after a period of compatibility, grocery chain Meijer has said it has "no plans" to stop accepting NFC-compatible systems in its stores -- despite being a member of MCX's CurrentC program, which contractually bars competing systems. The CurrentC system, which does not formally begin until sometime next year, may try to impose fines as per its agreement with Meijers.


Memo shows Rite-Aid's disabling of Apple Pay, NFC systems deliberate

10/24, 7:16pm

Will replace bank-sponsored system with competing mobile wallet platform next year

Following reader complaints of Rite-Aid stores no longer accepting Apple Pay or Google Wallet payments (following a brief period where both worked properly) and a "cone of silence" from PR representatives, leaked documents have revealed that the reversal by Rite-Aid on accepting NFC-based payments was deliberate, and that it may never accept Apple Pay, since it is planning to go with a rival mobile payments platform -- sometime next year.


Panera Bread memo confirms Apple Pay to launch on October 20

10/15, 7:24pm

Employees in process of being trained; systems will also support Softcard, Google Wallet

An internal memo at bakery cafe chain and Apple Pay launch partner Panera Bread has confirmed that Apple intends to launch the e-payment system on October 20, and that training is underway throughout the chain, which plans a massive promotional campaign to let customers know it can accept mobile payments using Apple Pay or other NFC-based e-wallet systems. A one-minute video and a FAQ sheet are among the training materials front-line Panera employees will need to get up-to-speed on the new system.


Cook on Tuesday announcements: Steve would be 'incredibly proud'

09/10, 12:20am

Apple Watch may be first new product never seen by Jobs, Apple Pay 'incredibly safe'

In interviews with the Wall Street Journal and ABC News' David Muir, Apple CEO Tim Cook reiterated many of the sentiments expressed during the Tuesday press even that introduced the two new iPhone 6 models, the Apple Watch wearable and the Apple Pay mobile payments system. He also, however, had a few words in response to questions, ranging from his thoughts on Steve Jobs in the three years since his passing, and how the iPhone 6 will trigger "the mother of all upgrades."


Disney stores being fitted with upgraded iBeacons, NFC readers

09/09, 12:17am

Apple Stores, McDonalds also said to be receiving upgraded beacons, NFC terminals

Ahead of an expected announcement of an Apple-led mobile payments solution, there have been new reports that prominent retailers such as Disney Stores, McDonald's and Apple's own retail stores have joined the ranks of businesses receiving new, upgraded NFC readers and iBeacon sensors as required. The system, if successful, could offer a future alternative to the planned move to a "chip and PIN" credit- and debit-card system already widely in use in Canada and Europe.


Analysts raise AAPL targets on iPhones, iWatch, iOS 8 excitement

09/03, 7:00pm

Cantor Fitzgerald, Piper Jaffray push expections to $120 and beyond

The long-awaited but finally-approaching arrival of larger-screen iPhone models and Apple's probable entries into health, home automation and mobile payments have some Wall Street analysts believing Apple's oft-repeated mantra that its forthcoming product and services pipeline is the strongest the company has had in years, if not ever. In new notes to clients, both Cantor Fitzgerald and Piper Jaffray have raised targets for AAPL to new all-time highs.


Amazon Local Register takes on Square, PayPal with mobile card reader

08/13, 7:35am

Amazon severely undercuts competitor transaction fees for Local Register launch

Amazon is taking on PayPal and Square in mobile payments, by releasing its rumored card reader for smartphones. Local Register is a combination of the Square-style card reader and an accompanying mobile app to create a small and portable point-of-sale system, allowing retailers to directly accept physical credit and debit card payments.


Square announces expansion into EMV chip card readers for business

07/31, 8:05pm

Payment service jumps ahead of Visa, Master Card dates to shift to chip cards

Square, a company that helped open mobile payments up to the masses, released news today that it would be expanding its device offerings with a reader for chip-based credit cards, now frequently used outside the US. While the company states that typical Europay, Master Card and Visa (EMV) solutions are costly, it will release an affordable model to enable sellers to accept the secure payments.


Report: Apple could debut payments system, e-wallet with iPhone 6

07/23, 7:00pm

May build on iBeacons, Passbook, Touch ID and partners to create truly seamless, secure system

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.


Briefly: Venmo's AirDrop-like mobile payments, Weatherbug update

02/19, 2:12pm

Vemo updated, introduces Bluetooth detection of fellow users for mobile payment

Mobile payment app Venmo has released an update today, featuring a new method of sending a prompt money transfer to friends. Venmo facilitates mobile sending and receiving of money, ideal in situations such as splitting a dinner bill with friends, or for any other payment need. By using Bluetooth, Venmo can detect other Venmo users and provide a list of who is nearby. Though the app has not yet been updated on iTunes as of this writing, Venmo is free, and requires iOS 5.0 or later.


Vodafone Wallet payment app out in Spain, rest of Europe to follow

11/22, 10:39am

Android app allows NFC payments, offers sticker for non-NFC devices

Vodafone has launched a mobile payments system in Spain, one which will be making its way to other areas of Europe in the future. The Vodafone Wallet, and first accompanying payment app Vodafone SmartPass, will be able to make payments using their Android smartphones, with funds being transferred from a nominated bank account.


Square Cash launches in US, transfers money via e-mail

10/16, 7:28am

Entire payment transaction carried out over e-mail after registration

Payments system Square has opened up its e-mail-based money transfer service to users in the United States, added on top of its existing in-store and mobile paymentsservices . At the same time as widening availability of Square Cash after starting its beta in May, the company is releasing a pair of apps for iOS and Android that performs the same type of transaction as the e-mail version.


PayPal Beacon offers hands-free Bluetooth LE mobile payments in stores

09/10, 7:56am

Plug-in dongle detects PayPal app on smartphones, alerts merchant

PayPal has introduced a new dongle for mobile transactions that allows for hands-free payments in stores. The PayPal Beacon, designed to be plugged in at retail environments, uses Bluetooth 4.0 Low Energy to communicate with smartphones running the PayPal mobile app, with customers able to allow payments to continue by confirming with store employees, rather than pressing anything on their smartphone.


PayPal extends SDK to Android, provides in-app mobile payments

05/14, 4:40am

Developer kit to allow credit card scanning

Payment service PayPal has launched a new software development kit for Android. Following on from the iOS version launched in March, the Android SDK will allow developers to integrate PayPal payments into their apps, providing them with an alternative payment processing system to Google Play, and the option to pay for in-app items or services by credit or debit card.


Samsung, Visa deal adds payWave mobile payments to phones

02/25, 4:55pm

Future NFC-enabled Samsung devices to have app preloaded

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.


PayPal prepares Here mobile payments for European launch

02/22, 9:46am

Initial roll-out in UK uses new Chip & Pin device

PayPal is rolling out a new version of its Here mobile payments system for Europe. Starting in the UK, the payments service will be providing businesses a pocket-sized device that will offer Chip & PIN protection for payments through a retailer's mobile phone, instead of the triangular attachment used in the United States.


Skype offers direct carrier billing to users in Russia

02/05, 2:54pm

Mobile payments service Mach plans same for US, Canada

Voice over IP service Skype has started to support direct carrier billing for Skype Credit in Russia, with the United States and Canada set to follow. The new mobile payments option will allow Skype users to purchase Skype Credit directly from the mobile device through their smartphone's browser, with the charge being applied to their account.


US Bank tests mobile payments with NFC-enabled iPhone case

01/13, 9:33pm

Go Mobile being tested in Utah, Oregon

US Bank is commencing trials of its Go Mobile payments service for mobile phones. Available in Salt Lake City, Utah and Portland, Oregon, the bank will allow iPhone 4 and iPhone 4s owners to perform NFC payments, by encasing their phone with a specially created case with Near Field Communications chips embedded.



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