The service is set to go live imminently in India too, however so far it's been outpaced by the global spread
of Apple Pay and Android Pay.
As CEO Cook explained, Apple is seeking to invigorate what is essentially decades - old technology through the use
of Apple Pay.
The 6 Plus also heralds the arrival
of Apple Pay, which stores your payment cards to Passbook and uses the phone's NFC chip to let you pay for goods with a quick tap of the phone at supporting stores.
The inner workings
of Apple Pay represent a departure from most mobile wallets and payment services.
Apple Watch is more expensive and features a finite number of straps, but integrates better with the iPhone thanks to its use
of Apple Pay, Siri and other first - party apps Apple likes to horde.
In a way, India could be deemed the single biggest country this fast - growing digital wallet service has so far entered, considering the local absence and shaky prospects
of both Apple Pay and Android Pay.
A way to pay your friends: A recent Recode report says Apple has been weighing a peer - to - peer payments service that would compete with the likes of Venmo and Square Cash, but it's unclear whether that would be a feature
of Apple Pay or whether it would exist as a cash - exchange feature in iMessage (or both).
Apple Pay Cash is technically part
of Apple Pay, Apple's mobile payment system, but it lives in Apple's iMessage app.And all the money you receive via Apple Pay Cash will live on a virtual card called Apple Pay Cash card, which exists within Wallet, Apple's... Read more
The solutions offered by the company are getting a tough competition with the emerging growth
of Apple Pay in markets such as the US, Canada and UK.
Of course, in Japan, they actually use a different technology to NFC, so along with the launch
of Apple Pay in the country, Apple will also be selling the iPhone 7 with support for a technology called Felica — it's very similar to Bluetooth, but the broader point is that the iPhone will now support Apple Pay in Japan.
At the WSJD Live conference, Apple CEO Tim Cook talked about the payment skirmish that reared its head after the launch
of Apple Pay, the upcoming Apple Watch and Apple's view on the future of TV.
Apple is already imbibing the holiday spirit as it announced Tuesday morning the exclusive discounts and offers for users
of Apple Pay on the web ahead the holiday season.
A lot of personal data is tied into your fingerprint on iPhones with Touch ID features — not the least of which is credit card information used as part
of the Apple Pay mobile payment service.
Additional bank institutions now support Apple Pay Apple is expanding the coverage
of Apple Pay in some of the markets.
Tim Cook expects 2015 to be «the year
of Apple Pay».
As an extension
of Apple Pay, Apple is reportedly looking to break into the peer - to - peer payment systems.
The long - awaited evolution
of Apple Pay has finally arrived.
Insider sources claim that the Cupertino - based company has already struck deals with the country's four largest state - run banks, opening the possibility
of Apple Pay launching as early as February next year, just in time for the Spring festival.
The possibility of this happening could give Samsung Pay the boost that it needs to get ahead
of Apple Pay.
This is the first time Apple has allowed NFC in their mobile products to be used for something outside
of Apple Pay.
However, Apple's website makes clear that they have chosen strategic merchant partners in both the physical and online world to ensure coverage and immediate traction
of their Apple Pay service.
This update allows NFC in the Apple Watch to work with something outside
of Apple Pay.
Whether your customers are paying online, in a mobile app, at the cash register, or all of the above, we are ready to process
all of your Apple Pay transactions.
Every Apple Pay payment needs to be confirmed by using the fingerprint
of the Apple Pay user.
However, first we have to wait and see how the introduction
of Apple Pay in the US will go and how the actual perceived consumer and merchant experience will be.
While it was revealed on September 11 that the iPhone 6 and the iPhone 6 Plus would not be launching in China on September 19, it is not all bad news for those who want to take advantage
of Apple Pay.
So far there have been three updates to iOS 11, with no sign
of the Apple Pay improvements.
For over a month, a number of news sites have published articles saying that Apple (AAPL) is working on a way for users
of its Apple Pay payment system to send money to each other.
Ever hear
of Apple Pay or Google Pay?
«Adding peer - to - peer is all about increasing adoption for the eventual use
of Apple Pay for in - store payments.»
And, of course, who could forget the stunning integration
of Apple Pay into the Messages app which allows instant peer - to - peer payments using a card held against Apple Pay on that device.
Meanwhile, iOS 11 leverages the excellent cameras in the latest iPhones to deliver an improved augmented - reality experience; boasts notable enhancements to Apple Maps, Messages, Photos and Siri; and includes a built - in money - transfer service built on the foundation
of Apple Pay.
The big change in iOS 11.2 is Apple Pay Cash, a peer - to - peer version
of Apple Pay that spells bad news for Venmo, but should be a welcome feature for anyone who struggles splitting the check.
Apple has published a new how - to video to teach iOS users the basics
of Apple Pay Cash.
Users who want to fully take advantage
of the Apple Pay cash in the upcoming update may have to scan a photo ID, such as a state ID, according to iHelp BR [via Apple Insider].
One of the biggest inclusions in this release is the availability
of Apple Pay Cash beta on compatible iPhone and iPad devices.
Samsung needs to provide as many compelling smartwatch use cases to keep consumers locked into its smartphone hardware, and PayPal is desperately looking for partners to keep it relevant against the threat
of Apple Pay's ubiquity.
Beyond the iPads, there may be more details about the launch
of Apple Pay, a system that will let iPhone 6 and iPhone 6 Plus owners spend money at participating stores simply by using their phones» fingerprint scanner and holding the device up to the register.
Though Apple is pushing to brand Apple Pay as a cool shiny, it has not pushed across the message
of Apple Pay's safety, security.
Coincidentally, Apple just posted a terrific series
of Apple Pay ads (watch them here).
Apple could fit different levels
of Apple Pay authentication to those various retail security policies and then offer them up as options to merchants or payment processors.
It'll take time to roll out widely, and may never reach the critical mass
of Apple Pay unless Google gets bullish with companies to implement it.
One of the most interesting features
of Apple Pay Cash is the ability to send and receive funds in real time.
Also, the recent announcement
of Apple Pay is expected to drive an additional boost to contactless based mobile payment applications which is revolutionary.
There's also now a «Fitbit Wallet» on this watch, which lets you buy things using the watch's NFC chip, rivaling the capabilities
of Apple Pay and Android Pay.
The entire business model
of Apple Pay is heavily reliant on its partnerships with e-commerce and retail companies such as Best Buy, Target and Walmart.
Apple Pay Whether paying with your wrist feels convenient to you will probably depend on whether you like the idea
of Apple Pay in general, but if you've used it on your iPhone and liked it, the Watch is an even faster and more seamless experience.
They wrap up the first part of this podcast by examining the future
of Apple Pay, why it might succeed where Google Wallet failed, and how lawyers could utilize these changes to get ahead in their practice.
Look at Australia where the wicked combination of apples cut on the interchange plus regulated interchange rates has gutted miles and points programs on cards plus resulted in very limited bank acceptance
of Apple pay.
If you have an iPhone, iPad or Apple Watch, you should probably be taking advantage
of Apple Pay.