Following the launch of Apple Pay in the UK two weeks ago, Apple is continuing the rollout with the addition of two major banks, HSBC and First Direct. Customers who have credit cards or debit cards with those banks can start using Apple Pay now. As with other UK Apple Pay transactions, there is a £20 transaction limit at most retailers apart from those with upgraded payment terminals that support higher-value contactless purchases. The £20 limit is getting raised to £30 in September.
Credit card ▪ July 28
Credit card ▪ May 5
Update: Home Depot says it plans to accept Apple Pay in the near future.
Home Depot appears to have quietly stopped accepting Apple Pay. Although never officially named as a partner, the company has supported contactless payment and Apple Pay used to work in at least some of its stores. An Apple support document updated last week lists Home Depot as one of the stores that “might not currently be set up” to accept Apple Pay.
The change appears to be related to Home Depot’s deal to accept PayPal as a payment method both in store and online … expand full story
Credit card ▪ April 29
Amazon and Target won’t be the only major retailers on your wrist for long: sources say that Apple is finishing up work on a version of its Apple Store application for the Apple Watch. The Apple Watch app will come “soon” as part of an update to the Apple Store iPhone and iPad application, and will likely enable customers to make certain types of Apple Store purchases from their wrists, as well as receiving Apple Store-related notifications. As the Apple Watch does not have a keyboard, more involved orders will require the user to move over to the iPhone app. Apple will ask employees to push Apple Store app installations for the Apple Watch to customers this summer, when the Watch goes on sale in Apple’s own stores. Until then, retail employees will be encouraged to show off the Apple Store app on demo Apple Watches.
Credit card ▪ February 12
Credit card ▪ January 27
While Apple Pay is the gold standard for safe card transactions, some partner banks are leaving customers vulnerable to fraud via identity theft thanks to weak checks when cards are added to Apple Pay, according to mobile commerce consultants Drop Labs. Some partner banks are consequently seeing fraud rates six times higher than with physical cards.
For consumers, Apple Pay is extremely safe, thanks to the use of Touch ID fingerprint verification and single-use code transmission rather than sharing full card details. Drop Labs claims that the weak link in the chain is what happens when cards are added to Apple Pay … expand full story
Credit card ▪ December 19, 2014