Apple mobile payments Archives

Apple Wallet can now add PayPal and Venmo Cards

10/17/202310/16/2023 Sam Lambert

PayPal has announced that it is allowing its customers to add its cards to the mobile wallet app. In what is likely a strong reflection of how popular mobile payments have become, PayPal has now announced that it will let its customers add their PayPal or Venmo credit and debit cards to their Apple Wallet. This makes it possible for the mobile payment app users to collect cashback and rewards. Using Apple Wallet, PayPal and Venmo card users will be able to accumulate cashback and rewards when they make purchases.…

Apple Pay Later launches, letting US consumers buy now

03/31/202303/29/2023 Stephanie Beck

Apple Pay Later - Buy Now Pay Later - Mobile

This type of popular way of shopping has reached the iPhone maker and its mobile wallet. Earlier this week, Apple Pay Later was launched by the iPhone maker as a “buy now, pay later” (BNPL) service for consumers in the United States. The initial rollout is only to select users, but they do intend to complete a full rollout this year. The launch of Apple Pay Later is starting in the United States and will begin with a number of select users, expanding in coming months to a full rollout.…

Apple Pay snags 48 percent of mobile wallet use

08/22/202208/19/2022 Jorge Gonzalez

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 –…

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

10/29/202110/28/2021 Stephanie Beck

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…

Researchers spot contactless Visa and Apple Pay Hack for unauthorized payments

10/05/202110/02/2021 Jesse Collins

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…