According to a report from SimilarTech, a Web analytics firm, Apple Pay on the Web has become quite popular. SimilarTech’s platform tracks more than 30 million web pages per month and shows that Apple Pay has turned into the 5th most popular payment platform used by eCommerce websites ranked in the top 10.000. It is the 5th most widely-used payment...
Hackers have found a new target and victim: Apple Pay. The ever-popular new payment app is now the victim of a hacking, but it wasn’t a full-blown hacking as we have seen with various retailers. This hacking was a soft hacking, which some industry experts see as a possible test run for something bigger down the road. Due to this...
Studies have shown that those who pay with Apple Pay are more likely to return to the same store again in the future. Perhaps it is because they genuinely like the store, but it is even more plausible that it is because they are able to use Apply Pay. While it gets a lot of press, like Bitcoin, many merchants...
With Apple Pay’s launch earlier in October 2014, the mobile payments industry received a flurry of attention. Continuing to go wireless and paperless, the mobile payments method is catching on with many merchants and customers. Interestingly, when Apple Pay joined the market they did not introduce any revolutionary payment system to the market, rather they seemed to find themselves in...
It’s been a few months since Apple announced its release of Apple Pay, a mobile wallet available on the iPhone 6 and iPhone 6 Plus. But mobile wallets have been around for a few years, and Americans have been very slow to adopt them. So why are so many mobile payment processing officials excited about the future of Apple Pay...
Every time you log into the Internet there seems to be another company trying to squeeze into the mobile payment market. ApplePay says they have created a way for consumers to pay with the iPhone6 that it virtually fraud proof. This is a great idea and it may work – if your customers are purchasing via an iPhone6, and your...
Apple Pay has gotten a lot of press lately. The new payment platform by Apple, allows for consumers to pay for products just by holding their phone up to a merchant terminal and clicking ok. Equipped with an intuitive interface and the ability to be used with multiple devices (Apple Pay is available on iPhone 6, iPhone 6s, and iWatch)...
U.S. banks are preparing for Apple Pay. After experimenting with mobile banking for years, many banks feel secure enough in the technology to let their customers use Apple’s new way to pay for merchandise. The new mobile platform allows for consumers to perform transactions with the new iPhone 6, iPhone 6s, and iWatch. This has sparked a fierce debate on...
A big incentive for merchants switching to Apple Pay is that they are not charged a fee for their usage. However, what you may not know is that your customers are charged a fee. Apple claims it is for security purposes; however, this fee is not well advertised. This is a big deal, especially for those in the financial consulting...
Tokenization is still a varied topic in the payment industry. Some consider it to be a taboo subject, while others are embracing it with open arms. The fact is, only time will tell what really happens with token payments. However, Apple is helping push the argument into the mainstream, thanks to their newly implemented “Apple Pay” system. While not everyone...
