Last night’s Apple event might not have been as exciting as their September event, but the company still introduced us to a new line of iPads and a beautiful, 5K display iMac.
They also announced the launch date of the highly anticipated Apple Pay payment system, which is set to revolutionize the way we pay for products and services.
Tim Cook & Co. announced that Apple Pay will launch on Monday, October 20th on conjunction with the roll out of iOS 8.1.
iOS 8.1 may even been more anticipated than Apple Pay after the software update was plagued with numerous bugs in its first update. iOS 8.1, however will bring the Apple Pay service to certain devices with the update.
Along with announcing the launch date of the service, the company also announced they have successfully signed up an additional 500 banks which will support Apple Pay – a further testament to the service’s unique lure. (more…)
if you needed any more proof that social networks are quickly entering the realm of mobile, peer-to-peer payments, then you need not look further than this latest partnership.
The world’s second largest social network, Twitter, has partnered with France’s second largest bank – Groupe BPCE – to essentially allow users to transfer money through their tweets.
BPCE made an announcement last month, saying that they will be partnering with Twitter in a new mobile payment service, but that details of how the service will work will all be revealed when it is launched.
And today is that day. At a press conference this morning, the social giant and the bank unveiled how their new service ill work and what it means for French Twitter users.
Firstly, the new service will tie in with BPCE’s existing mobile payment system called S-Money. Before the Twitter integration, S-Money allowed users to send money to their peers via text message. Now that service is essentially getting an upgrade with the Twitter integration.
The service is currently only available for users with French cellphone numbers and bank accounts, but is not limited to those who have a bank account with BPCE. (more…)
Nowadays we have so many cards we need to carry industrial sized wallets with us. From debit cards to credit cards, gift cards and access cards – it’s all a little too much.
Wouldn’t it be great (for security and our sanity) if all our cards could be linked to one? Of course it would – and that is exactly what Plastc card wants to do.
Plastc card is a ‘smart card’ that can hold up to 20 different cards in its system. All you have to do, is load your array of cards onto Plastc and then store them there, electronically.
Much like the concept of Coin – that can hold 8 cards and let you choose between them – Plastc card also allows you to choose which card you would like to use by simply swiping on the card’s touch screen, or E-ink display, to select the one you want.
Plastc also has NFC and EMV technology capabilities, which of course accompanies the more secure chip reader cards, rather than the less secure, outdated magnetic strips. (more…)
Facebook wants to be more than just your go-to social network and platform for talking to your friends. It seems that the social giant now also wants to be your preferred platform for sending money to your friends – well at least when they enable their newly unearthed mobile payments feature.
Andrew Aude is a computer science student from Stanford University who brought Facebook’s plans for mobile payment to light after he hacked the code of Facebook Messenger and discovered the new feature.
Aude, who posted screenshots and a video of the feature in action on Twitter, used Cycript – a iOS and Mac hacking tool – to enable the feature on his jailbroken iPhone.
As the screenshots and video show, the mobile payments feature allows you to send money to your friends in Messenger, just as you would send a photo or video.
Aude says the entire process is fairly simple. You simply tap a button to start the payment process, select the amount and hot send. Easy and fast – apparently. (more…)
Apple really hit it out of the park with their event last night. Along with finally announcing the much anticipated iPhone 6 and iPhone 6 Plus as well as the swoon-worthy Apple Watch, the company also announced an all new service that will allow for mobile payments called Apple Pay.
Apple Pay is a mobile payment platform, that will in essence, allow you to make payments straight from your iPhone through the Apple Pay service.
The main goal with Apple Pay, as Tim Cook announced last night, is to make credit and debit card payments more secure – and of course easier and more efficient.
Cook started by saying that their goal is to eliminate the ‘fairly antiquated’ process of paying by card. He emphasized the fact that current credit or debit card payments are not as secure as we think. Magnetic strip cards are outdated and highly susceptible to fraud. While most of us have a chip card nowadays, these are also not as secure as they should be.
That is why the safest, most secure and most streamlined way of paying is mobile payments. As Cook said, with the current way of paying with physical credit cards, we are “totally reliant on exposed numbers”.
Apple Pay incorporates NFC technology to make the payments more secure. But besides the inner workings of Apple Pay, how it works (in layman’s terms to you and me) is quite simple. (more…)
Online shopping has become many a customer’s first choice of access when it comes to purchasing. Unfortunately due to security concerns and legislation it sometimes takes quite a while to get through the “Checkout” counter on any given website. The experience is sometimes similar to a day at the department of home affairs. To make this process not only super quick but also easy and secure MasterCard introduced MasterPass to the South African public yesterday.
According to the MasterCard press release: “MasterPass enables consumers to make convenient, simple, fast and secure digital payments. Digital wallets accessible through the MasterPass acceptance network allow consumers to store all their MasterCard or other branded credit, debit or cheque card information, and shipping and billing address details securely in one place. This gives them the ability to make secure online payments without the repeated hassle of entering these details each time.” (more…)
Everyone with an iTunes account is a loyal customer of Apple’s, right? It means they have your credit card information. Also, if you have an iPhone 5S that means that you can do almost anything on the device with the tap of a finger. How nice would it be to pay for anything on your phone with just the tap of a finger?
That is definitely Apple’s thinking, and it can be completely understood. The Wall Street Journal reports that Apple is building its own mobile payments business to take on the likes of PayPal and Google. (more…)
Sending and receiving money through mobile has become increasingly popular. Even in emerging markets like Africa, the digitalization of money has become an everyday-thing.
In South Africa, there are many different ways to send or receive money on your mobile. Internet banking aside, many companies offer made-for-mobile money sending systems, that make sending money as easy as sending a text message.
Dashboard and World Wide Worx have recently collected data on mobile money sending in South Africa as part of a collective Mobility 2014 study.
In the survey, they questioned 1200 people. 9% of the people surveyed said that they had used mobile money sending services over the past three months. (more…)