Apruve Allies with Matrix to Reduce B2B Credit Risk

Apruve last week announced a strategic alliance with Matrix Payment Systems to create a turnkey solution to mitigate the risk of advancing a revolving line of credit to business customers.
Under the agreement, the companies will help businesses streamline the extension of credit with less financial risk and fewer back office overhead expenses. “Apruve and Matrix have partnered to expand the reach of B2B payment solutions for distributors, wholesalers and manufacturers,” said Apruve CEO Michael Noble.

The original article can be found here: http://www.ecommercetimes.com/story/84799.html?rss=1

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Consumers Are Ready to Embrace 'Futuristic' Payment Tech

As many as 80 percent of U.S. residents support frictionless payment methods and technologies, suggests a survey of 1,000 consumers Viewpost published this week. Among its other findings:
Nearly 51 percent of survey participants were paid electronically through direct deposit;
Eighty-three percent of respondents believed paper checks would be eliminated completely within the next 20 years, and one-third expected their demise in just five years; and only 11 percent thought companies would continue to use paper-based billing.

The original article can be found here: http://www.ecommercetimes.com/story/84672.html?rss=1

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McDonald's Puts Mobile Ordering to the Test

McDonald’s has begun testing new mobile ordering and payment functionality at 29 of its restaurants in Monterey and Salinas, California. It will expand the pilot to another 51 restaurants in Spokane, Washington, on March 20. The company will run multiple pilots to gather customer feedback, work out any issues that arise, and streamline integration with its IT systems before rolling out its updated mobile app to nearly all 14,000 restaurants in the United States — as well as 6,000 others around the world — by the end of the year.

The original article can be found here: http://www.ecommercetimes.com/story/84382.html?rss=1

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Get Ready for the Mobile Pay Explosion

Who is leading the mobile payment race? There are several players competing today. PayPal started the revolution 15 years ago, and Apple Pay, Android Pay and Samsung Pay have joined the fray. Many newcomers are entering this space on a regular basis. The traditional money space has undergone change with innovations like debit cards and ATM machines. Though they took a while to catch on, they eventually transformed the way we interact with banks and money. Mobile Pay is expected to offer explosive growth opportunities.

The original article can be found here: http://www.ecommercetimes.com/story/83437.html?rss=1

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Apple Pay a hit in China with 3 million cards added in 2 days

Article Image Chinese consumers have flocked to Apple’s contactless payment solution in the weeks since its debut, with one bank reporting that more than 3 million cards were activated on Apple Pay in the first 2 days of availability.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4e02992c/sc/28/l/0Lappleinsider0N0Carticles0C160C0A30C0A30Capple0Epay0Ea0Ehit0Ein0Echina0Ewith0E30Emillion0Ecards0Eadded0Ein0E20Edays/story01.htm

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Apple, Samsung Cut Mobile Payment Inroads in China

Apple and Samsung last week announced separate mobile payment partnerships with China UnionPay, the only domestic bank card network in the People’s Republic of China. China UnionPay cardholders will be able to utilize Apple Pay and Samsung Pay via a mobile device. Both services will begin early next year, pending approval and certification from regulators. China UnionPay cardholders will be able to add their bank cards to Apple Pay on iPhone handsets, Apple Watch and the iPad. Samsung Pay will be available on several Samsung handsets.

The original article can be found here: http://www.ecommercetimes.com/story/82909.html?rss=1

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PSA: Don't use P2P money transfer services like Venmo with people you don't know

Article Image While smartphone-based person-to-person payment services are convenient, they aren’t necessarily a secure or guaranteed way to receive money. If you’re doing business with an unknown person, such as selling an item on Craigslist, you should just stick to cash. Here’s why.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4bc2bd2e/sc/15/l/0Lappleinsider0N0Carticles0C150C110C240Cpsa0Edont0Euse0Ep2p0Emoney0Etransfer0Eservices0Ewith0Epeople0Eyou0Edont0Eknow/story01.htm

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Apple May Enter P2P Mobile Payments Fray

Apple is in negotiations with several major banks to launch a peer-to-peer mobile payment system that would compete against rival digital payment companies, including PayPal and Square, The Wall Street Journal reported Wednesday. Apple is working on a plan that would allow consumers to transfer funds directly from their checking accounts to other people. It would be similar to the PayPal transfer system operated through Venmo. “It would also be a nice extension to Apple Pay,” said Kevin Krewell, principal analyst at Tirias Research.

The original article can be found here: http://www.ecommercetimes.com/story/82738.html?rss=1

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Amazon's Underground Unshackles Freemium Android Apps

Amazon last week freed a selection of Android apps of the in-app payment requirements necessary to enjoy them to their fullest. The value of the goodies in the apps labeled “Actually Free” comes to more than $10,000, Amazon said. The Actually Free apps can be accessed via Underground, a new app available from Amazon. Amazon Underground is essentially an expansion of the company’s core mobile shopping app. To take advantage of this cache of content, consumers only need an Amazon account, which is free, and an Android mobile device.

The original article can be found here: http://www.ecommercetimes.com/story/82440.html?rss=1

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Square launches Appointments iPhone app for booking, managing clients

Mobile payment firm Square on Thursday launched Square Appointments, a combination service and iPhone app for businesses dependent on client bookings.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/495a3bb3/sc/28/l/0Lappleinsider0N0Carticles0C150C0A80C270Csquare0Elaunches0Eappointments0Eiphone0Eapp0Efor0Ebooking0Emanaging0Eclients/story01.htm

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Apple Pay challenger CurrentC could postpone launch into 2016

MCX’s CurrentC mobile payment platform may not officially launch until 2016, since the consortium is working to get things right, CEO Brian Mooney said in an interview published on Wednesday.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/48ed9044/sc/28/l/0Lappleinsider0N0Carticles0C150C0A80C120Capple0Epay0Echallenger0Ecurrentc0Ecould0Epostpone0Elaunch0Einto0E20A16/story01.htm

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Consortium-backed Apple Pay competitor CurrentC to launch 'trial run' in August

CurrentC, the MCX-developed mobile payment platform backed by a number of major U.S. retailers, will reportedly see an initial trial run in August, signaling that the service is finally approaching a public launch.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/48694519/sc/28/l/0Lappleinsider0N0Carticles0C150C0A70C240Cconsortium0Ebacked0Eapple0Epay0Ecompetitor0Ecurrentc0Eto0Elaunch0Etrial0Erun0Ein0Eaugust/story01.htm

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Online payments halted in Greece, citizens eye Bitcoin to protect savings

In the midst of the ongoing financial crisis, Greece has stopped online payment transactions from going ahead using Greek debit or credit cards.

The original article can be found here: http://www.foxnews.com/tech/2015/06/30/online-payments-halted-in-greece-citizens-eye-bitcoin-to-protect-savings/

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Apple expects half of top US merchants will accept Apple Pay by end of 2015

Apple’s work to expand the footprint of its iPhone-based mobile payment service continues more than half a year after its debut, and while the company expects to bring a number of large merchants on board before the end of 2015, though it appears to be an uphill battle.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/46f88944/sc/28/l/0Lappleinsider0N0Carticles0C150C0A60C0A50Capple0Eexpects0Ehalf0Eof0Etop0Eus0Emerchants0Ewill0Eaccept0Eapple0Epay0Eby0Eend0Eof0E20A15/story01.htm

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Mobile Wallets as Credit Card Killers

Google Wallet, bitcoin and other payment systems have spent years trying to oust the credit card as the be-all and end-all of payment methods. Publications and pundits everywhere have been quick to hail new technologies as “credit card-killers,” and they’re not without justification. As a payment method, the credit card has lost whatever futuristic luster it may have once had. Magnetic stripes wear out, plastic snaps in half, and the incessant manual inputting of 16-digit numbers eventually gets tiresome.

The original article can be found here: http://www.ecommercetimes.com/story/81788.html?rss=1

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Visa readies network tokenization launch in Europe, sets the stage for Apple Pay debut

International payment network Visa on Tuesday announced that it would extend its network tokenization service — one of the foundational technologies behind Apple Pay — to Europe beginning in mid April, signaling that the first overseas launch of Apple’s mobile payment solution may not be far away.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/43bd759f/sc/46/l/0Lappleinsider0N0Carticles0C150C0A20C240Cvisa0Ereadies0Enetwork0Etokenization0Elaunch0Ein0Eeurope0Esets0Ethe0Estage0Efor0Eapple0Epay0Edebut/story01.htm

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White House announces federal cards for veterans, Social Security will support Apple Pay

The White House on Friday revealed that users of federal payment cards, including Social Security and veterans benefit debit cards, will become compatible with Apple Pay.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/435fb016/sc/1/l/0Lappleinsider0N0Carticles0C150C0A20C130Cwhite0Ehouse0Eannounces0Efederal0Epayment0Ecards0Ewill0Esupport0Eapple0Epay/story01.htm

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Swatch prepping Apple Watch, Apple Pay competitors, CEO says

Swiss timekeeping giant Swatch is planning a new smartwatch and mobile payment system to compete with the forthcoming Apple Watch and the already-established Apple Pay, the company’s CEO has said.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/43182d68/sc/15/l/0Lappleinsider0N0Carticles0C150C0A20C0A50Cswatch0Eprepping0Eapple0Ewatch0Eapple0Epay0Ecompetitors0Eceo0Esays/story01.htm

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Apple outlines Apple Pay, NFC operation in comprehensive patent filing

For a major mobile payment platform on the verge of launch, not much is known about the nuts and bolts behind Apple Pay. A new patent application discovered on Thursday, however, offers a detailed look at how NFC, secure enclaves and software come together to make safe transactions a reality.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/3f46a9b5/sc/46/l/0Lappleinsider0N0Carticles0C140C10A0C0A90Capple0Eoutlines0Eapple0Epay0Enfc0Eoperation0Ein0Ecomprehensive0Epatent0Efiling/story01.htm

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Plastc unveils new iOS-connected payment card with e-ink touchscreen

Silicon Valley startup Plastc on Tuesday unveiled a new, iOS-connected smart payment card with a number of innovative features — including built-in, programmable NFC and RFID –?less than a month before Apple is expected to unleash Apple Pay, its own bid to eliminate the plastic in consumers’ wallets.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/3f34c81b/sc/21/l/0Lappleinsider0N0Carticles0C140C10A0C0A70Cplastc0Eunveils0Enew0Eios0Econnected0Epayment0Ecard0Ewith0Ee0Eink0Etouchscreen/story01.htm

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