Apple pay ▪ Yesterday

AAPL: 110.78

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Apple has declared that Apple Pay is off to a “great start” almost a year after its launch with the company seeing steady growth in Apple Pay transactions every month. In a statement to Bloomberg, the company said:

“We’re off to a great start and we are seeing continued, double-digit monthly growth in Apple Pay transactions since launch,” Apple said in an e-mailed statement.

Apple Pay launched last year with the iPhone 6 and iPhone 6 Plus in the US. The service expanded to the UK a few months ago. In Apple’s January investor call, Cook claimed 2015 was “the year of Apple Pay”. However, Bloomberg notes that not everyone is as thrilled with the mobile payments service as Apple is. At both Panera Bread and Firehouse, Apple Pay transactions make up low single-digit percentages of overall purchases…

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Apple pay ▪ October 2

AAPL: 110.38

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Apple pay ▪ September 18

AAPL: 113.45

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Apple is one step closer in its plans to take Apple Pay into the company’s second-largest market, China. The WSJ reports that Apple has created a company in the Shanghai free-trade zone specifically to operate its Apple Pay business in the country, and seeded it with $13.4M of capital.

The Apple Inc. entity, named Apple Technology Service (Shanghai) Ltd., was registered in the city’s free-trade zone on June 10, according to the Shanghai government’s company-registration database. Its business operations include technical consulting, services and system integration in the field of payments, the database showed.

With China already a bigger market for Apple than Europe, and looking set to overtake the USA in size, the potential for Apple Pay in the country is huge. Mobile payment is already widely accepted in China, with more than 300 million people using Alipay, the mobile wallet service created by ecommerce giant Alibaba …  expand full story

Apple pay ▪ September 16

AAPL: 116.41

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Apple pay ▪ September 15

AAPL: 116.28

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Apple Pay compatibility in the UK grew by two major banks last week with the addition of Lloyds and Halifax, and today Apple has added over 40 to its list of participating issuers. Since launching in the United States nearly a year ago, Apple’s mobile payment solution has steadily been signing on and rolling out support for waves of new banks and credit unions around the country. These are the latest to join: expand full story

Bank of America has updated its mobile banking app to allow sign-in using Touch ID, and has added Apple Watch support for balances, recent transactions and alerts.

The new fingerprint and Touch ID sign-in capabilities provide eligible Android, iPhone and iPad customers with a secure and convenient way to log into the mobile banking app using their fingerprint. This feature allows access to the most common functionality of the app without the additional need for a passcode.

The mobile banking app is now compatible with Apple Watch, allowing users to view account balances and recent transactions for their linked checking, savings, credit card and investment accounts, as well as receive real-time alerts and notifications on their wrist … 

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