Tag: Apple mobile payments

Apple Pay snags 48 percent of mobile wallet use

Jorge Gonzalez
Mobile wallet - Person using Apple Pay

Even with this massive share, its use represents only a tiny fraction of total retail payments. Mobile wallet use is beginning to take off, and Apple Pay is leading the way with a considerable market share. That said, even with such a high position among transactions made via smartphone, it barely represents a sliver of total in-store payments. The use of these payment apps for in-store commerce is rising but is barely there next to cash and cards. The new PYMNTS report titled “Mobile Wallets Adoption: Apple Pay @8 –…

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Does Apple have the right to the NFC technology used for its mobile wallet?

Stephanie Beck
NFC technology - Apple wallet

Aire Technology patent-holding company has filed a lawsuit against the iPhone maker. Irish patent-holding company Aire Technology has sued Apple over alleged patent infringement for the NFC technology and digital wallet tech used in many iPhone models. The lawsuit was filed with the US District Court for the Western District of Texas. The company’s lawsuit asserts that Apple products such as the iPhone and Apple Watch “that support NFC and/or mobile payment applications, such as Apple Pay […] infringe at least one claim” of three US patents. Those patents were…

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Researchers spot contactless Visa and Apple Pay Hack for unauthorized payments

Jesse Collins
Apple Pay - iPhone payments

Experts found that large unauthorized transactions can be made through locked iPhones. Researchers have announced that it is possible to make large unauthorized contactless payments on Apple Pay on locked iPhones by exploiting the way the mobile wallet is designed to boost convenience at ticket barriers using a Visa card. The researchers recorded a video that demonstrated how an unauthorized contactless £1,000 payment could be made. The Computer Science departments of Birmingham and Surrey Universities researchers’ video showed that the Apple Pay transaction of £1,000 was made with zero-contact and…

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Apple Pay mobile payments now available at all New York City subway stations

Jorge Gonzalez
Apple Pay Mobile Payments - New York Subway

NYC has completed its One Metro New York (OMNY) digital transaction system. New York City public transit users can now use Apple Pay mobile payments at all subway stations as well as in all buses as the system completed its rollout of the new One Metro New York (OMNY) feature. The feature allows people to use their smartphones or even their Apple Watch to pay their fare. The addition of Apple Pay mobile payments and other digital transactions provide riders with more ways to ensure they can quickly and easily…

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Will Apple Pay QR codes become an option for iPhone users?

Jorge Gonzalez
Apple Pay QR codes - Person using Apple Pay

The tech giant is reportedly researching ways to integrate the barcodes into future mobile payments. Apple Pay QR codes don’t currently exist, as iPhone users must employ near field communication (NFC) technology to complete a mobile payment transaction. However, growing information suggests that the iPhone maker is looking into secure barcode scans. A growing body of evidence suggests that the company is looking into ways to make Apple Pay QR codes secure to scan to complete transactions. While using NFC based tap or contactless transactions at a retailer’s payment terminal…

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