Apple ‘Pushing Retailers Hard’ to Accept Apple Pay, in Spite of Low Customer Demand
Apple said in January that 2015 would be “the year of Apple Pay.” A recent Reuters report suggests otherwise, however. According to an interview with retailers, as the payment system is approaching the end of its first year, many don’t see the demand for the platform. Apple’s contactless payment system has gained some traction with financial institutions and merchants, although according to the recent survey the percentage of acceptance is small. Reuters surveyed 98% of retailers from the National Retail Federation’s list of the top 100 U.S retailers. Less than a quarter accept Apple Pay,....
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American multinational banking and financial services holding company JP Morgan Chase & Co. has announced the launch of its own version of a mobile payment system, Chase Pay, which will allow users to pay major retailers and merchants in the U.S, including the country’s largest retailers Walmart and Best Buy. As a rival platform, the bank’s mobile payment network is set to challenge Apple Pay in various strategies. For example, since its launch a year ago, Apple Pay failed to convince major retailers including Walmart and Best Buy to accept payments through its technology. In fact,....
Apple Pay isn't even here yet and, arguably, it's already winning the war against bitcoin. Like the digital currency, Apple is disrupting the payments system, but people will probably use it more than they use bitcoin. Cupertino has carefully focused on three areas to make sure that happens: front-end experience, financial institutions, and merchants. So what is the cryptocurrency community going to do about it? Apple Pay's holy trinity. Apple nailed the customer experience side. For starters, it rolled out the system with the new iPhone, and with the announcement of the Apple Watch, both....
Apple recently announced that it is going to extend its Apple Pay service to United Kingdom. Apple Pay is a mobile wallet and payment system launched late last year. In spite of the usual Apple's way of presenting things along with relevant technical components, enabling contactless and in app payments failed to meet the expectations after many retail chains and companies refused to adopt it. During the launch of Apple Pay, the company announced that it is going to collaborate with all major banks, credit card companies and retail chains to ensure countrywide usage of Apple Pay in the....
A federal judge in California has ruled that Apple Inc. is shielded from the “Toast Plus” class action lawsuit where a fake crypto wallet app was available in the Apple App Store. A customer sued the tech giant after downloading the fraudulent app and lost some crypto.
Apple Not Liable for Loss After Customer Downloaded Fake Crypto App
Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where a fraudulent cryptocurrency wallet app was available for download on....
Just about a week ago on September 9th 2014, Apple introduced its new Apple Pay payment solution for the iPhone 6 and iPhone 6 plus. The payment solution comes with a range of features that would make shopping on your mobile phone that much more convenient. At the same media launch, Apple announced that they were partnering with various companies and organizations ranging from credit card companies and banks that issue cards, to retailers across the United States. However, several organizations including Walmart and Best Buy were quick to deny any plans to support Apple Pay. Apple Pay and....