Apple Pay options begin emerging at select Bank of America ATMs

Posted by:
Date: Monday, June 20th, 2016, 08:51
Category: Apple TV, Finance, Google, News

bankofamericalogo

You’ll be able to start using Apple Pay at assorted Bank of America ATMs pretty soon.

According to an unconfirmed report posted to Reddit on Sunday, Bank of America customers living in Redondo Beach, Calif., can now withdraw cash from certain NFC-enabled ATMs. The system does not appear to be fully operational, however, as deposits still require a physical debit or checking account card.

Reports began to surface of Apple Pay integration at select Bank of America ATMs as of May. At the time, pilot program coverage was limited to two machines in San Francisco. Bank of America has not yet made an official announcement regarding ATM compatibility with Apple Pay, though it appears the service is slowly rolling out beyond the Bay Area.

(more…)

Apple to not provide financial, technical aid to GOP convention in wake of Trump’s comments

Posted by:
Date: Monday, June 20th, 2016, 07:18
Category: Finance, MacBook, News

2016_Republican_National_Convention_Logo

Thanks to the keen wit and bubble personality of one Donald Trump, Apple has told GOP leaders that it will not be providing funding or technical support for the party’s 2016 presidential convention, as it has done in years past.

The company cited Trump’s controversial comments about women, immigrants and minorities. Unlike Facebook, Google and Microsoft, which have all said they will provide some support to the GOP event in Cleveland next month, Apple decided against donating technology or cash to the effort, according to two sources close to the story.

(more…)

MCX to end CurrentC beta, disable all user accounts

Posted by:
Date: Wednesday, June 8th, 2016, 10:23
Category: Apple Pay, Finance, News, retail

currentc

Put a fork in CurrentC, it might just be done.

Following layoffs of 30 employees in May, the Merchant Consortium Exchange, or MCX, announced today that it is ending its the ongoing CurrentC beta test and postponing all future releases. The beta test will be suspended on June 28th, according to an email sent to beta testers in Columbus, Ohio.

Following the conclusion of the beta test, MCX will disable all consumer accounts and end their access to the service. The company offered the following comment in an email sent to beta testers:

“We will be concluding our beta test and postponing further releases of CurrentC on June 28, 2016. Therefore, June 28th will be the last day that transactions will be accepted using CurrentC,”

(more…)

Apple working to expand Apple Pay into Prime Asian, European markets

Posted by:
Date: Friday, May 27th, 2016, 08:15
Category: Apple Pay, Finance, News

applepayicon

Following up on the launch of Apple Pay in Singapore this week, Apple executive Jennifer Bailey has gone on the record stating that the company is planning a rapid expansion into every significant market it can with a focus on Europe and Asia. Apple Pay is currently available in the United States, the United Kingdom, Canada, China, Singapore and Australia. Apple has already said the mobile payments service will reach Hong Kong soon …

Bailey stated that Apple decides the next item on its Apple Pay expansion given a number of factors, although market size for Apple products tends to be a primary factor. She also stated that existing market penetration of contactless payment terminals and existing financial infrastructures also plays a factor.

(more…)

Apple Pay rival CurrentC delayed, may never see release following employee layoffs

Posted by:
Date: Wednesday, May 18th, 2016, 06:04
Category: Apple, Finance, Google, News, retail, Samsung

currentc

The CurrentC horse may never even make it out of the gate.

CurrentC, the payment platform backed by a group of retailers under the banner Merchant Customer Exchange that caused a kerfuffle when Apple Pay launched, may never see release.

The consortium announced Monday that the CurrentC rollout has been postponed and that the company will lay off 30 employees after “feedback from the marketplace and our Columbus pilot.” MCX tested CurrentC at Target, Walmart, and other retail locations in Columbus, Ohio.

(more…)

Apple Pay adds two of the five major Canadian banks, three more confirmed to come online in later months

Posted by:
Date: Tuesday, May 10th, 2016, 08:33
Category: Apple Pay, Finance, News, Wearables

applepayicon

In Canadian news that doesn’t focus on a horrible, raging wildfire, Apple Pay has gone through for Interact debit and major credit cards issued by Royal Bank of Canada and Canadian Imperial Bank of Commerce. Until today, customers of these banks had to use a non-bank-issued American Express card, bringing two of the five major banks under the Apple Pay flag.

ATB Financial and Canadian Tire Financial Services also go live today. Apple Pay VP Jennifer Bailey confirmed that all of the Big Five will be included and offered the following statement:

“We are thrilled that seven of Canada’s leading banks, including […] every one of the Big Five are bringing Apple Pay to their customers.”

(more…)

Apple releases Q2 2016 numbers, reports $10.5 billion profit, but first decline in revenue in over a decade

Posted by:
Date: Tuesday, April 26th, 2016, 14:33
Category: Finance, iPad, iPhone, News

applelogo1

The good news is that Apple made billions and billions of dollars in profits last quarter.

The bad news is that this represents a lower profit than Q2 of 2015.

For the first time ever, iPhone sales fell for the quarter. While this doesn’t include iPhone SE sales, Apple reported its first quarterly revenue decline in 13 years on Tuesday, which came as no surprise to the company and the investors and analysts who closely follow its finances.

After more than a decade of amazing revenue and profit leaps, Apple reported $10.5 billion in profits on $50.6 billion in sales. iPhone sales were down, the company selling only 51.2 million units in Q2, this number falling short of the 61.2 million iPhone units sold in Q2 of 2015.

(more…)

Apple adds more than 50 new banks and credit unions within the United States

Posted by:
Date: Wednesday, April 20th, 2016, 08:49
Category: Apple Pay, Finance, News

applepayicon

In addition to adding Apple Pay support to its sixth country, Singapore, recently, Apple added yet another crop of United States banks and credit unions that can add their credit and debit cards to Apple Pay.

The list goes as follows:

Access Federal Credit Union
Alcoa Tenn Federal Credit Union
Audubon Savings Bank
Bank of Stockton
Barrington Bank & Trust Company N.A.
Beverly Bank & Trust Company N.A.
Champlain National Bank
Community Trust Bank
Connected Credit Union

(more…)

Apple Pay now supported by Barclays, all major UK banks

Posted by:
Date: Tuesday, April 5th, 2016, 08:00
Category: Apple Pay, Apple Watch, Finance, iPhone, News, Software, Wearables

applepayicon

Apple appears to have locked down Barclays and the major UK banks for Apple Pay.

Barclays has announced that the bank has finally gone live and launched its support for Apple’s mobile payments service. This means that every major bank in the UK now supports Apple Pay, a big win for a country that already has wide availability of contactless merchant terminals in many stores.

Barclays customers can open the Wallet app on their iPhone and configure Apple Pay for their account on any iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus and the new iPhone SE.

(more…)

Apple Pay adds 27 banks, credit unions in United States

Posted by:
Date: Friday, March 4th, 2016, 08:12
Category: Apple Pay, Finance, News

applepayicon

Apple Pay is growing.

Following its launch in China and three million users logging on in just two days, Apple Pay has added another 27 bands and credit unions backing the 1,000+ partners in the U.S.:

1st Community Federal Credit Union

Abacus Federal Savings Bank

Bank of England

BankFirst Financial Services

Bull’s Eye Credit Union

Colfax Banking Company

Columbia Bank Florida

(more…)