Apple Pay has only been around since October, but according to a new report from ITG, the service has already grabbed 1 percent of the total digital payment dollars spent in the U.S. in November. If the trend continues, the report suggests, Apple has already won itself a more loyal mobile payment audience than some rival services like PayPal. That's an impressive gain for so short a period, especially since ITG notes that Google Wallet has only managed to reach 4 percent since its release in 2011.
The outlook isn't looking so hot for CurrentC, the rival mobile payment system that major retailers like Walmart, Rite-Aid, and CVS have rallied around instead of Apple Pay. Earlier today (and only a few hours after playing up CurrentC's security features in a blog post), CurrentC owner Merchant Customer Exchange (MCX) informed its early users via e-mail that some of their e-mail addresses had been obtained by "unauthorized third parties."
As you might recall from today's Morning Report, word got around this weekend that both Rite-Aid and CVS had dropped Apple Pay only a few days after they started supporting the service in favor of the merchant-friendly but cumbersome CurrentC service. This afternoon, Apple released a statement in response to the news expressing optimism despite the loss of two powerful retailers.
Judging from our Twitter feed, all anyone wanted to talk about this weekend was how drugstore chains CVS and Rite Aid have gone out of their way to prevent iPhone 6 owners from making purchases with their new handsets — and there may be a very good reason for this, as outlined in our Monday Morning Report. We also take a look at OS X Yosemite adoption and how iPhone 6 preorders are trumping Samsung on their own turf. Kick off the week with a click!
Apple might be focusing its efforts with Apple Pay on the United States at the moment, but reports demonstrate that you can use the service overseas if you have a U.S.-based credit card attached to your Apple Pay account. This isn't just true for Americans; it also allows some iPhone 6 and iPhone 6 Plus owners from other countries to join in on the fun in the right circumstances.
There's just one more night of sleep before iPhone, iPad, and iPod touch owners will be able to download iOS 8, but if you're restless and need something to bide the time with, check out our Morning Report for Tuesday to learn why the iPhone 6 NFC chip won't work with anything except Apple Pay, examine the latest one-click Photoshop and Lightroom plug-ins, and discover why Apple apps are being preloaded onto larger capacity iPhone 6 models. Click to read all of the details!
At long last, iPhone 6 is here. Callied "the biggest advancement in iPhone history," by Apple CEO Tim Cook at its unveiling, the latest version of Apple's popular smartphone comes in two versions: the iPhone 6 and the larger iPhone 6 Plus. So what's so special about these phones, and what can they do? Read on for a rundown of the most significant features.
After the reveals about the iPhone 6's hardware specs, Tim Cook once again took the stage to talk about what we're going to see in iOS 8. A little surprisingly, Cook jumped right in with long-rumored mobile payment system, officially called Apple Pay, beginning with a ad about the current "hassles" of paying for items with a credit card.
Tuesday will finally conclude months of rumors, speculation, and leaks about Apple's next smartphone, but not before the iPhone 6 could get shown off on video — apparently fully assembled and functional. Our Monday edition of the Morning Report also takes a look at a potential security measure in Apple's mobile payment plans, as well as teases forthcoming updates to Adobe's video applications. Click to read more!
News about Apple's rumored mobile payment initiative have been scarce over the last couple of months, but details are finally starting to emerge ahead of the company's September 9 media event. And they're worth paying attention to. According to Bank Innovation, Apple has secured lower credit card transaction fees for the service with heavyweights like Citigroup, JP Morgan Chase, Capital One, and Bank of America.