Grocers, retailers gobble up Apple Pay in time for holidays
U.S. consumers have eschewed in-store mobile payments for years, but Apple Pay is making headway in that area just a month after the service launched Oct. 20.
U.S. consumers have eschewed in-store mobile payments for years, but Apple Pay is making headway in that area just a month after the service launched Oct. 20.
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Several major national and international banks are planning to launch their own mobile payments apps next year.
It's been around only a week, but Apple Pay is already making waves in the mobile payments field. On Monday, major drugstore chain CVS joined rival Rite Aid in disabling the NFC (near-field communication) payment function on in-store terminals.
Recent moves by Rite Aid and CVS to stop taking mobile payments from Apple Pay and other NFC-enabled systems stem from a protracted battle between major U.S. retailers and Visa and MasterCard.
The launch this week of Apple Pay is giving many people their first taste of NFC payment technology, which allows them to buy things in a store by bringing an iPhone 6 close to a compatible terminal.
The launch of Apple Pay on Monday has brought considerable publicity to a technology that's already embedded in millions of Android smartphones yet has so far failed to take off.
MasterCard is testing a contactless payment card with a built-in fingerprint reader that can authorize high-value payments without requiring the user to enter a PIN.
Is the dawn of the age of ubiquitous e-payments finally here? Can we throw away our credit cards yet?
Apple has finally added near field communications (NFC) capabilities with its latest iPhone 6, which is likely to be a tipping point for increased uptake of mobile payment technology, says Telsyte analyst Rodney Gedda.
The long expected migration of the U.S. payment system to the Europay MasterCard Visa smartcard standard finally appears to be gathering steam.
The California State Senate has killed a bill that would have required California retailers to implement the Europay MasterCard Visa smartcard (EMV) standard that's seen as far safer than magnetic stripe technology used today.
A leader of the LulzSec hacking group is walking free after serving about seven months in prison because of his cooperation with police that has helped prevent hundreds of other attacks.
GE Capital has responded to media reports that financial websites run by GE Money could be vulnerable to the Heartbleed security bug by saying that it has “no reason” to believe any customer data has been compromised.
Industry efforts to shore up payment card security after the massive data breach at Target appear to be devolving into a battle over chip vs. PIN technology between retailers and credit card companies.