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News retail

Apple negotiates 15 cents per $100 spent on Apple Pay transactions

Apple’s apparently got some admirable leverage where its transaction negotiations are concerned. Per the mighty Financial Times, Apple will be garnering 15 cents on every US$100 purchase, more than Google managed for its Google Wallet initiative. Sources familiar with Apple’s banking and credit card arrangements have stated that Apple will get a 0.15 percent cut […]

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iPhone Rumor Software

Rumor: Apple working on e-wallet, could debut technology alongside iPhone 6

It probably won’t come as a surprise, but Apple may be working on its own e-wallet technology that could debut alongside the iPhone 6 this fall. Per The Information, anonymous sources close to the store claim that Apple is accelerating work on a mobile payments system, or digital wallet, that could be ready by this […]

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Business Finance Mobile retail Services

Does Clinkle have a shot at competing in the mobile payments game?

So, you may be asking, “What is Clinkle?”. It would be a good question too since there hasn’t been a lot said about it given Clinkle’s “cloak of secrecy” about its development. In fact, during its beta period (still ongoing), employees were allowed to offer the service to friends and family with the specification that none […]

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iPhone News Patents

Apple receives NFC-driven “iTravel” patent

This could be interesting. Per Free Patents Online, the U.S. Patent and Trademark Office on Tuesday officially awarded Apple ownership of its “iTravel” concept for e-ticketing with an NFC-equipped iPhone. U.S. Patent No. 8,215,546, entitled “System and Method for Transportation Check-In,” was granted to Apple this week. First filed with the USPTO in 2008, the […]