Apple Watch uses constant skin contact to validate Apple Pay purchases

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A couple of reports yesterday and today have highlighted a little tidbit of information many have been wondering about the upcoming Apple Watch: How will the device make sure payments via Apple Pay are secure? Both the iPhone 6 and iPhone 6 Plus have the convenient Touch ID sensor to validate that your purchases are indeed being done by you, but new information suggests that the Apple Watch is going to accomplish this security in a slightly different way…

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Apple Events channel added to Apple TV for iPhone / Wearable live stream

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Image via @SonnyDickson

Apple announced on Thursday that it will broadcast this year’s iPhone event live for Safari and Apple TV users, and today Apple TV has revived the dedicated Apple Events channel for viewing the announcement live during the event. The channel usually remains for a short time after the event for on-demand viewing. As always, we’ll be sharing major announcements from Apple’s event for those who cannot view the live stream throughout the event. Read more

Apple reportedly negotiated transaction fee discounts w/ major banks ahead of mobile payment system

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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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Hundreds of businesses in London are about to flip the switch on payments via iBeacons

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In Brixton, South West London, hundreds of businesses will soon integrate iBeacons as part of one of the first real-world networks for mobile payments using Apple’s Bluetooth LE iBeacon tech

In Brixton, businesses introduced a local currency in 2009 that eventually switched from paper into mobile payments by text. Around 250 businesses in the area accept the currency, which is meant to keep the money in the community and support smaller independent local businesses. By the starting of next month, the currency will have its own mobile app called Brixton Pound, and iBeacons will make it easy to automatically prompt users for payments. The Brixton Pound organization teamed up with Dingo for the payment solution and kontakt.io for the iBeacon hardware and integration: Read more

Apple Store employees switching from iPod touch to iPhone 5s for EasyPay POS system

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Apple is in the process of updating the iPod touch units used by Apple Store employees as a mobile point-of-sale system to the iPhone 5s, according to sources familiar with the roll out. 

Apple first started using its iPod touch as an “EasyPay” system for employees in its retail stores back in 2009 and currently uses 4th gen iPod touch or previous models for staff. It uses a point-of-sale attachment for the iPod touch that adds a magnetic stripe reader, barcode scanning functionality, and more. It’s not clear the exact motivation behind Apple’s move to the iPhone after long using the iPod touch, but the device does provide a few advantages.  Read more

Flint mobile billing app adds invoicing, Passbook coupon support, and card scans via camera

iOS users looking to accept payments on their mobile devices now have another option. Flint has just been updated to version 2.0. The app adds several new and useful features for small businesses, such as the ability to create invoices right in the app.

The app also introduces support for Passbook coupons. Merchants can create their own coupons and issue them to customers as Passbook passes. The Flint app can then scan these coupons and apply them directly to a transaction.

The 2.0 update also allows merchants to create orders with multiple items, and scan credit and debit cards using the camera on their iOS device. Cash and check sales can also be tracked within the new app and customers can get receipts for their transactions.

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

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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.” Read more