Apple Pay in Australia: Customers lose out and all parties share the blame
Australian Labor MP Ed Husic has declared that by not supporting Apple Pay in Australia, the four major banks have engaged in anti-competitive behaviour.
Australian Labor MP Ed Husic has declared that by not supporting Apple Pay in Australia, the four major banks have engaged in anti-competitive behaviour.
Australians will be able to get their hands on Apple's digital wallet, Apple Pay, this year, the company has revealed.
U.S. banks are steadily shipping more secure chip-embedded credit and debit cards to consumers, but industry attention is also focused on whether merchants have installed updated payment terminals to accept the new cards.
Because of slack buyer interest and other obstacles facing mobile payments in the U.S., Apple and other companies must inject new features and inducements to boost adoption.
Best Buy explained Tuesday that it will support Apple Pay mobile payments, while also remaining a member of the MCX group of retailers that has promoted an alternative payment system called CurrentC.
Merchant Customer Exchange (MCX), a group of large U.S. merchants, said Monday it expects to launch an early version of its CurrentC mobile payment app mid-year in an unnamed, mid-sized market.
Fitness-band maker Jawbone and American Express plan to allow cardholders to buy goods using a future fitness band equipped with NFC, according to a report.
Major Australian banks have made mobile payments a priority tech initiative and are in various stages of rolling out technology that lets customers pay with smartphones. Commonwealth Bank and Westpac are so far leading the pack, but ANZ Bank and National Australia Bank (NAB) say they are planning to make their own moves soon.
A Samsung Galaxy S4 is no longer required to tap and pay using the Commonwealth Bank mobile app for Android.
Optus will extend its mobile payments app to smartwatches and other wearable devices, the telco said today.
Mobile in-store payments could grow dramatically in the U.S. as the result of a battle brewing among tech giants Google, Samsung and Apple.
Visa plans to roll out an additional layer of security for mobile digital payments called tokenization in Australia later this year, the credit card company has revealed.
Samsung is expected to unveil its newly-acquired LoopPay mobile magnetic payment technology inside its upcoming Galaxy S6 smartphone. The phone is widely expected to be announced March 1 at Mobile World Congress.
Trust is eroding among mobile device users when it comes to making purchases or app downloads.
The corporate tenants of a Swedish high-tech office complex are <a href="http://www.ibtimes.co.uk/stockholm-office-workers-epicenter-implanted-microchips-pay-their-lunch-1486045">having RFID NFC chips implanted</a> in their hands, enabling access through security doors, as well as services such as copy machines, all without PIN codes or swipe cards.