While the first release of Apple Watch will attract gold-standard customers: high income, younger, and extremely engaged in digital banking, payments, and shopping, the second wave of adopters will likely follow in 2016 year, which could be the real test for apple.
Acceptance of MasterCard consumer cards for Apple Pay is picking up more steam with the addition of 25 new financial institutions nationwide. In addition, cardholders with a MasterCard small business card from Bethpage Federal Credit Union or Navy Federal Credit Union can also now leverage Apple Pay.
In today’s CardFlash News Que: QCard (EMVCo); Acumera (ZipLine); Net Element (PayOnline) and Passenger (Giftbit).
The first mobile wallet designed exclusively for a retail card partner is here. Marcus and Capital One have introduced the new Neiman Marcus (NM) Mobile Wallet, now available within the NM App for all Apple iPhone users.
Nigeria’s Diamond Bank has become the first African bank to launch a fingerprint recognition feature on its mobile app. The service, an iOS Touch ID, is a major leap for the African bank.
CA-based CO-OP Financial Services is re-launching CO-OP Mobile, its mobile banking application now featuring optional real-time, person-to-person payments and remote check deposit capabilities for credit union smartphone users.
San Francisco-based LoungeBuddy now enables travelers passing through ALD’s The Club Airport Lounge locations in the USA to instantly purchase lounge access through the LoungeBuddy mobile App using Apple Pay or a major credit card.
AZ-based Electronic Commerce International (ECI) has hopped on the Apple Pay bandwagon. Small and mid-sized merchants can now take advantage of this fast and secure in-store payment method via ECI.
There is little doubt Apple Pay has set the stage for mobile payments as iPhone unit sales hit 74.5 million in the fourth quarter. Apple Pay currently accounts for two out of every three dollars spent in contactless payments over the top three payment networks.
Miami-based Net Element’s Aptito released version 2.3 of its cloud-based mPOS platform. Aptito’s all-in-one restaurant and bar POS and business management software gives restaurants the tools to reduce payroll costs, improve efficiency, and increase customer satisfaction.
Consumers now making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
Rising star payments innovator PA-based USA Technologies (USAT) rolled-out nationwide new acceptance points for Apple Pay. This immediately adds approximately 200,000 Apple Pay acceptance points.