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.
Apple may be planning to enhance the capabilities of Touch ID for additional security, according to a patent recently published by the United States Patent and Trademark Office. The patent itself was created by Dale R. Setlak, co-founder of AuthenTec, the company Apple acquired for $356 million back in 2012 to help create Touch ID itself.
We’re kicking off the merry month of December with another edition of the New App Recap! Our latest collection can be used to unlock your Mac with an iOS device, share pics of iPhone home screens, get free photo effects, collaborate with members of your household, and gain quick access to a doctor. The weather outside may be frightful, but this week’s apps are delightful!
It's a shame that some retailers such as CVS and Rite-Aid aren't so keen on adopting Apple Pay, but do they really deserve to have a class action lawsuit aimed at them? Apparently, if you work at the firm of Schubert, Jonckheer & Kolbe, that answer may be yes. The firm is currently looking into the matter to see if they have enough of a foundation for a case, and they're polling customers to see how they feel about the chains' decision to hold off on Apple Pay for now.
iOS 8 in its latest iteration continues to make news and shake things up. Why was there the glitch that released the broken update? What are some more hidden tricks, tips, and tweaks in the latest operating system. But probably the biggest newsmaker this week was Apple Pay and how some retailers are reacting (hint: not good).
It looks as though FBI Director James Comey, long a critic of the iPhone's security measures, may at last have something to cheer about. Today a circuit court judge in Virginia ruled that the fingerprints used to access an iPhone through Touch ID aren't protected by the Fifth Amendment, thus allowing law enforcement officials to access the devices of suspects.
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."
Apple has enjoyed a generally smooth launch of its Apple Pay mobile payment service, but that track record changed today in the face of reports from CNN and Bloomberg that some Bank of America customers found the service was charging them twice for certain transactions. Considering that the service relies on a delicate balance between technology, banks, retailers, and credit companies, it's actually rather surprising that we haven't heard many more horror stories besides this.
If you're worried about the comparative safety of the upcoming Apple Pay service, you might be comforted to know that several reputable banks have expressed confidence in the service. The Daily Dot spoke with four of the banks involved in the project today — heavyweights like Chase, PNC, Navy Federal Credit Union, USAA — and all seem in agreement that Apple has something good on its hands.
Over the last few years, we've heard plenty of speculation about how Samsung and Android will trump the iPhone, yet every time Apple releases a new smartphone, the opposite seems to be true. Our Wednesday Morning Report takes a look at Samsung's quarterly profit drop, along with a peek at an iPad Air 2 dummy unit, and a new contender for the mobile payment throne. Click to read more!