payment Stories November 3, 2015

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With Apple Pay, Google Wallet and other services transforming the way people carry out transactions, Apple has joined forces with four other companies to ensure that lawmakers don’t end up ‘inadvertently’ stifling innovation in the financial services field.

Technology industry leaders Amazon, Apple, Google, Intuit and PayPal today announced the formation of Financial Innovation Now, a coalition that will promote policies to help foster greater innovation in financial services.

While the new organization uses relatively diplomatic language, it’s pretty clear that the aim is to ensure that politicians don’t screw things up by introducing poorly thought-out legislation, like the infamous example proposed by Democratic Rep. Joshua Peters …  expand full story

payment Stories October 11, 2014

iOS 8 How-to: Use Camera to enter in credit card info

With iOS 7, Apple added a new feature in iBooks, iTunes and the App Store that allowed users to scan iTunes gift cards with the device’s camera rather than manually entering the string of characters on the back of the card. Now in iOS 8, you can use the device’s camera to scan and enter credit card information.

To add your credit card for purchases open up Settings and tap on Safari.

payment Stories October 7, 2014

Square’s Cash iOS app adds ‘Nearby Payments’ for sending money over Bluetooth

Cash, the app launched by payments company Square last year for personal money transfers, today updated with a new way to send money on iOS 8 over Bluetooth LE. The feature is called Nearby Payments and allows users to send and receive payments by using Bluetooth to find and connect with nearby users. That’s opposed to the previous methods the app already offered including sending payments via text message and email. In case you’re wondering why it’s iOS 8 only:

Square notes that users will be able to select preferences for nearby visibility to allow either everyone or only contacts to see their availability. Today’s update to version 2.1 also includes the ability to “Quickly approve or decline money requests with actionable push notifications.” 

The updated Cash app by Square is available for free on the App Store now.

payment Stories June 5, 2014

Safari in iOS 8 uses camera to scan and enter credit card info

In iOS 8, Apple has a new feature in Safari that allows users to scan a credit card with the device’s camera rather than manually entering the number when making a purchase online.

When entering a credit card number into a form online to, for example, make a purchase, Safari already allowed users to quickly select credit cards stored in its Passwords & AutoFill settings. You can still do that, but in iOS 8 you’ll now also have the option to select “Scan Credit Card” and snap a picture of the card. Apple then uses optical character recognition of sorts to input the number into the text field in Safari. There’s also a way to scan and save cards using the camera directly from within the Passwords & AutoFill settings.

Website developers don’t have to do anything to enable the feature, as Safari appears to automatically detect when a credit card number is being requested and presents the option to scan above the keypad.

Safari received some other updates announced this week at WWDC too, including a redesign in OS X Yosemite on the Mac, and highly requested features on iOS like the ability to request a desktop site and a tab view for iPad.

payment Stories January 30, 2014

PayPal feels the threat from Apple’s mobile payment plans, says it ‘wants to help’

PayPal is clearly feeling the threat posed by Apple’s plans to use Touch ID to facilitate payment for physical goods from other retailers: re/code is reporting that the company has offered to help.

PayPal is essentially willing to white label parts of its payment service to be used in an Apple mobile payments system — anything from fraud detection to back-end infrastructure, even possibly down to the processing of payments.

“They’re telling them, ‘We’ll do it in the background,” one of these people said. “Basically, it’s just, ‘We want to be a part of this.’”

The plea is likely as desperate as it sounds, with two of the three payment industry execs re/code spoke to saying it’s unlikely Apple has any need of PayPal’s assistance. Apple has over 575 million iTunes accounts, most linked to credit cards, and already allows purchases from its own retail stores using the Apple Store app on iPhones. Apple also has patents in place for payment via both NFC and Bluetooth electronic wallet systems, so there doesn’t appear to be any part of the process the company couldn’t handle unaided.

PayPal’s relationship with Apple seems set to remain limited to that of a payment option for iTunes and online store purchases, and a reseller of iTunes gift cards.

payment Stories April 22, 2013

Check-iphone-4-settlement.

Payday has come for some of the first responders to the iPhone 4 class action lawsuit.  Last February a settlement was reached that granted iPhone 4 owners who had not previously received a free bumper for their “defective” iPhones a $15 payout.  Several of our readers are now reporting that they received their settlement checks today.  The first checks were issued on April 17 2013 and are void after July 16th.  Unfortunately the deadline for submitting a claim has passed so if you missed out the first time around it seems you are out of luck.

In case you forgot, the settlement found:

Apple was “misrepresenting and concealing material information in the marketing, advertising, sale, and servicing of its iPhone 4–particularly as it relates to the quality of the mobile phone antenna and reception and related software.”

Apple paid out a total of $53 million in the settlement, which was lawyers took a hefty $16M chunk.

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