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The Internet of Things is changing the way payments are transacted

11/06/202311/03/2023 Jorge Gonzalez

Internet of Things - Mobile payments IOT

Smart payments and the way they take place is a rapidly evolving ecosystem that isn’t slowing down. The Internet of Things (IoT) is providing enhancements to the entire world in which we live through a rapidly growing spectrum of connected items in our lives. A substantial component of this IoT trend has to do with being able to complete smart payments. Though it feels as though it wasn’t all that long ago that smart payments first came into existence, and for many people, the idea of using wearable technology to…

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.…

Tech giants play a substantial role in mobile wallets innovation and competition

09/22/202309/21/2023 Stephanie Beck

Apple and Google were considerable players in establishing tap-to-pay regulations and technology. A new Consumer Financial Protection Bureau (CFPB) report has placed the spotlight on the way mobile wallets are impacted by the policies and practices of tech giants. This is particularly true when it comes to the way that smartphones and wearables are used to transact. For instance, Apple currently has a ban on bank and payment apps from being able to access the Apple iOS device tap-to-pay functionality, setting fees for mobile wallets through Apple Pay. On the…

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.…

Vipps mobile payment app takes on Apple in Norway

02/17/202302/15/2023 John Montgallo

The application is calling for the European Union’s (EU) antitrust regulators to take action. Norwegian mobile payment app company Vipps has called for European Union (EU) antitrust regulators to require Apple to permit access to its tap-and-go functionality without any restrictions, said Rune Gaborg, the company’s CEO. The goal is to make it possible for other companies to be more competitive in the digital transaction space. Gaborg made his comments seeking action from the EU’s antitrust regulators against the iPhone maker the day after Apple made its latest effort to…