As more data emerges about e-commerce giant Alibaba in the run-up to its IPO Thursday (September 18), it is becoming increasingly clear the size and scope of the company’s reach AliExpress, the online marketplace created in 2010 to facilitate sales to overseas consumers from Chinese...
Given that Walmart’s own mobile payment plan—MCX, now branded as CurrentC—has no plans to go live nationally until next year, the world’s largest retail chain will not initially support Apple Pay, which is accepted to start accepting payments next month. But the anti-interchange mode of...
On the one hand, Apple and PayPal have been partners for almost a decade, notes ReadWrite, going all of the way to the early iTunes Music Store days. But given that PayPal has been actively pushing its own mobile payment app as a retail in-store...
New York City’s two competing systems to pay for cab rides by mobile app have struck a truce, so passengers no longer have to guess which one works in what cab. On Wednesday (Sept. 10), VeriFone, whose Way2ride system worked in about half of NYC’s...
The mobile payment relationship between the major banks and Apple is, to put mildly, a delicate one. Apple’s move has the potential to vastly increase mobile payment revenue, which would create a potentially highly lucrative new market for the banks. But the precise details of...
How should telcos around the world react to Apple Pay? Should they ride along and cooperate fully—potentially hurting their own mobile wallet efforts—and sell as much data, bandwidth and phones as possible? That would be a continuation of the telecom players’ existing model, conceding the...
The announcement by Apple that they are going into the payments business as been good news point of sale tech maker Verifone. Currently less that 20 percent of U.S. payment terminals are NFC-ready, reports Bloomberg, a fact that may now change now that Apple is...
It looks like Apple might have a tougher time jumping into mobile payments than the euphoric press coverage would indicated, since the consumer population seems persistently dedicated to their total lack of enthusiasm for using their phone as a payment method. According to a new...
PYMNTS.com Bitcoin Price and Volatility index. Follow 303 Cryptocurrencies here: http://coinmarketcap.com/ . Bitcoin Tracker | Week 40 Apple Pay is here and will it kill bitcoin? Well, maybe a bit coincidental but bitcoin prices fell to $474.21 from $486.93 on the news, according to the...
