MasterCard

31 'MasterCard' stories January 2012 - September 2014

Apple demonstrates just how quick & easy Apple Pay is to use [Video]

Ben Lovejoy Sep 10 2014 - 3:55 am PT

[youtube=https://www.youtube.com/watch?v=4I9MbIrlEUw]

After launching its new mobile wallet service Apple Pay during yesterday’s keynote, the company gave demos afterwards, TechCrunch sharing a video.

The card you have registered with your Apple ID becomes your default card, but you can add others by using the camera on the iPhone 6 to identify it. The iPhone requests permission from your bank, and the card is then added to Passbook …
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Apple reportedly negotiated transaction fee discounts w/ major banks ahead of mobile payment system

Zac Hall Sep 4 2014 - 12:44 pm PT

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Screen Shot 2014-09-04 at 2.43.58 PM

Financial site Bank Innovation reports that Apple has negotiated lower transaction fees with American Express, Bank of America, Capital One, Citigroup, and JP Morgan Chase ahead of the debut of its mobile payment system expected to be announced alongside the new iPhone models next week. The report notes that the banks were likely willing to lower rates to ensure participation and due to Apple’s security measures including the iPhone’s Touch ID sensor.

The first thing Apple has done is convince these four FIs to consider transactions from Apple’s upcoming payments venture — said to launch with its forthcoming iPhone 6 introduction — as “card present” transactions, which carry a lower discount rate than “card not present” transactions, because of lower fraud risk.

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Apple reportedly discussing mobile payment partnership with Nordstrom

Mike Beasley Sep 2 2014 - 3:04 pm PT

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Apple is reportedly in talks with department store Nordstrom to join as a partner for the company’s mobile payment system, as noted by Bank Innovation. As has been previously reportedly, Apple is also in talks with several other retailers about the possibility of accepting iPhone-based payments, and has deals in place with MasterCard and American Express as well as Chinese payment processor UnionPay to support the feature.

According to the Bank Innovations report, people familiar with Nordstrom’s systems have confirmed that the company’s current point-of-sale hardware is purchased from Apple and recently received a software update to work “with the latest iPhones.” These devices are said to be the same updated EasyPay systems implemented recently in Apple Stores across the country.

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Amex updates iPad app with Mayday-like live video chat to customer care team

Ben Lovejoy Feb 11 2014 - 5:03 am PT

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American Express has updated its free Amex for iPad app to provide live video chat with a customer care rep somewhat similar to the latest Kindles and their Mayday functionality. The facility is available only when using wifi rather than mobile data.

The app description says that the video chat facility is limited to “eligible card members” – the definition of which Amex has not shared. I guess there’s one way to find out whether you’re eligible …

The app also allows customers to search for transactions, generate filtered statements, create expenditure charts, pay bills and manage rewards and offers.

Google Wallet for iOS updated with single sign-on, card adding via camera

Mark Gurman Dec 4 2013 - 9:57 am PT

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Google has updated its Google Wallet application for the iPhone with a few notable enhancements. First, like it has added to its other apps on iOS as of late, Google now allows single sign-on for Wallet. This means that if you are signed in via Google to YouTube, Gmail, Adsense, or other compatible Google apps, you can be automatically logged in to the Wallet app. More interestingly, you can now use your iPhone’s camera to capture the data from your debit card or credit card to connect it to the app. Google added that feature to the Android app last month. Google Wallet recently launched a physical card program for Wallet. The update is free in the App Store.

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Apple hiring developers for next gen payment platform to help retail ‘enter new markets’

Jordan Kahn Nov 25 2013 - 8:38 am PT

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Image (1) square-payment-dongle.png for post 49007

Apple today posted a job listing on its website looking for a Payments Software Engineer that will “help build a next generation payment platform.” Apple says the payment system will consist of integration of payment devices, middleware and acquirers that will “push the boundaries in new markets for Apple Retail.”
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Mastercard/Paypass to be NFC partner with Apple on iPhone 5?

Seth Weintraub Jan 30 2012 - 1:41 pm PT

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iPhone NFC by moneto

We had some time to talk to a well-connected developer at Macworld who was building an app that— among other capabilities— includes NFC reading for the purpose of mobile transactions. We were obviously curious why they would do that, noting that third party NFC readers for iPhone were not popular (aside from the recently announced Moneto, above). The developer told us that he had no hardware knowledge, but he had spoken to Apple iOS engineers on multiple occasions, and they are “heavy into NFC.”

I asked how confident he was, and he said, “Enough to bet the app development on.”

This is not the first we have heard that iPhone 5 would have NFC, however. Besides the deluge of ideas Apple has patented with NFC, the New York Times said pre-iPhone 4S that an upcoming iPhone would have NFC. While it did not turn out to be the iPhone 4S, it could be the one coming up.

(Moneto again)

The question is now: Who will Apple partner with for its payment systems? Over the weekend we received some hints…
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