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Keyword: applepay

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  • Bitcoin not built to last, despite recent surge

    07/01/2019 9:28:19 AM PDT · by SeekAndFind · 47 replies
    New York Post ^ | 07/01/2019 | Jonathan Trugman
    Last week we saw bitcoin, the great hope of cryptocurrency, skyrocket to over $13,000. It was in the vicinity of $3,200 as recently as December. Why? Maybe it was Facebook’s new venture into creating its own digital currency, Libra — although, if that were to be successful, how it would offer any type of validation of bitcoin is beyond me, and a whole lot of smart people on Wall Street. In fact, it might spell the beginning of the end for bitcoin. There are almost no major Wall Street investors of substance with meaningful track records who have invested in...
  • How Banks Could Control Gun Sales if Washington Won’t

    02/20/2018 7:40:39 AM PST · by The_Media_never_lie · 92 replies
    New York Slimes ^ | Feb. 19, 2018 | Andrew Ross Sorkin
    What if the finance industry — credit card companies like Visa, Mastercard and American Express; credit card processors like First Data; and banks like JPMorgan Chase and Wells Fargo — were to effectively set new rules for the sales of guns in America? Collectively, they have more leverage over the gun industry than any lawmaker. And it wouldn’t be hard for them to take a stand. PayPal, Square, Stripe and Apple Pay announced years ago that they would not allow their services to be used for the sale of firearms.
  • Apple Pay Is Crushing Samsung Pay

    02/27/2016 1:16:40 PM PST · by Swordmaker · 9 replies
    The Motley Fool ^ | February 26, 2016 | By Ashraf Eassa
    This Android phone maker's mobile payments service continues to lag Apple's own. Along with the launch of its iPhone 6/6 Plus phones, Apple (NASDAQ:AAPL) introduced its very own contactless mobile payment system known as Apple Pay. Unsurprisingly, with the launch of its own Galaxy S6 smartphones, Apple rival Samsung (NASDAQOTH:SSNLF) released its own, very creatively named mobile payment system known as Samsung Pay.Also, it would seem that Apple Pay is utterly crushing Samsung Pay.Billions vs. just hundreds of millionsSamsung recently bragged that its Samsung Pay service is now up to 5 million users and they have spent "over $500 million"...
  • Apple Pay Is Creaming Walmart in the Mobile Payment Wars

    05/11/2015 2:49:30 PM PDT · by Swordmaker · 13 replies
    Time Money ^ | May 10, 2015 | Jacob Davidson
    Walmart and a host of other retailers are trying to make inroads in the mobile payments marketplace. And they're failing. One of the most interesting, least talked about wars in tech is turning into a rout. Ever since Apple launched Apple Pay last year, the iPhone maker has been waging battle against an unexpected competitor: Walmart. And America’s largest retailer is losing badly. A quick recap on the story so far: Walmart has spent years fighting for lower “interchange fees,” the 1% to 3% charge that retailers pay to card-issuing banks on every credit-card transaction the retailers process. Those fees...
  • Fraud Starts to Take a Bite Out of Apple Pay

    03/04/2015 8:14:33 AM PST · by 11th Commandment · 39 replies
    WSJ Online ^ | March 3, 2015 7:59 p.m. ET | DAISUKE WAKABAYASHI and ROBIN SIDEL
    It didn’t take long for fraud to find its way to Apple Pay. Some banks are witnessing a growing incidence of fraud on Apple Inc.’s mobile-payment service as criminals exploit vulnerabilities ...... The problem was brought to light in late February Cherian Abraham, ..... He said fraud “is growing like a weed, and the bank is unable to tell friend from foe.”Mr. Abraham said it isn’t “an anomaly” for fraud to account for about 6% of Apple Pay transactions, compared with about 0.1% on transactions that involve swiping a credit card.Banks pay Apple 0.15% of every transaction made on...
  • Missouri Democrat wants to require ID for every Apple Pay payment

    01/23/2015 9:03:29 AM PST · by House Atreides · 46 replies
    MacDailyNews ^ | January 23, 2014
    A Missouri lawmaker is pushing a measure that would require identification each time a person uses Apple Pay with their iPhone or other mobile payment systems on their non-Apple phones. “Democratic Rep. Joshua Peters of St. Louis says the bill he introduced Wednesday requires customers to show a state driver’s license or other identification when they use a mobile wallet app or other electronic payment system... ... “Merchants would have to record the license or identification number or could be responsible for the illegal purchases made if a device is reported stolen.”
  • Here's Apple Pay in Action (video) [and replacing min-wage clerk jobs]

    09/12/2014 8:03:39 AM PDT · by ctdonath2 · 36 replies
    TechCrunch ^ | 9/9/14 | TechCrunch
    At 1:40, demonstrates using an iPhone to bypass a fast-food cashier entirely: open app, recognizes you're at a restaurant, shows the menu, you pick what you want, tap "Pay", authorize with fingerprint on phone, go to food pickup window.