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Target reportedly developing its own Apple Pay-like mobile wallet service

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American retail chain Target is said to be developing its own mobile payment service that would compete with Apple Pay, according to the latest Reuters report this morning. Target’s mobile wallet service is described as being in the early stages of development with a possible launch possibly planned for sometime next year. Like other retailer-specific mobile wallets, Target’s mobile wallet would let customers pay for goods through a smartphone app.



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Apple Pay now works with Kohl’s Charge, the first store credit card to add support

Apple Pay store cards

Clothing retailer Kohl’s has become the first business to offer support for using store credit cards with Apple Pay. Kohl’s, which is the second largest U.S. department store behind Macy’s, has long been a participating store for accepting the mobile payment service, and now Kohl’s Charge card users can add the store credit card to the Wallet app in iOS 9 on iPhone and iPad and watchOS 2 on Apple Watch.

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Apple Pay now works with over a dozen more banks and credit unions

Apple Watch Apple Pay 21

Apple’s official list of participating banks and credit unions supporting Apple Pay has grown by more than a dozen today. This means that even more people can start using Apple Pay to pay for purchases using the iPhone 6 or Apple Watch at hundreds of thousands of participating merchants. Apple Pay also allows in-app purchases on iPad Air 2 and iPad mini 3 in addition to iPhone 6. These are the latest banks to join the Apple Pay party:

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Apple Pay setup by two-thirds of iPhone 6 owners, nearly half only used once says survey

Apple Pay iPhone 6

Research shared by Phoenix Marketing International offers new data for Apple Pay‘s adoption and performance since it launched in the United States in October last year. The survey polled just over 3,000 credit cardholders to conclude that “11% of all credit card-owning households” and two out of three iPhone 6 users have used Apple Pay. Aside from a high adoption rate for the mobile payment service, the survey also highlights that almost half of those Apple Pay users have used the service just one time.

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Apple Pay continues its PGA Tour with MasterCard at the Arnold Palmer Invitational golf event

MasterCard Shows Latest Payment Technology At Arnold Palmer Invitational

Apple Pay partner MasterCard used the PGA Tour kickoff in Phoenix earlier this year to promote Apple’s mobile payment service, and today MasterCard announced that Apple Pay will be accepted at the upcoming Arnold Palmer Invitational in Orlando, Florida. MasterCard says that almost all vendors at the golf event will accept Apple Pay and other contactless payment options for paying for merchandise and concessions.

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New Apple Pay FAQ details fraud, fees & merchant policies ahead of Apple Watch

Apple Pay iPhone 6

Ahead of likely Apple Watch and Apple Pay announcements on Monday during Apple’s ‘Spring forward’ event, Apple has spruced up the main Apple Pay site to further highlight the Watch’s compatibility with Apple Pay and clarify frequently asked questions about the service for merchants. Changes to the site include a dedicated page for finding out where to use Apple Pay, and a new FAQ support document to help merchants learn about Apple Pay and start accepting the mobile payment service.

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Apple Pay China expansion reportedly stalled by ChinaUnion, regulators

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We learned last fall that Apple plans to bring Apple Pay to China by partnering with UnionPay. Code found within iOS pointed to Apple preparing its mobile payment service for China while MarketWatch reported Apple was working on a deal with the institution. Several months later, however, MarketWatch now reports that Apple is “struggling with its relationship with UnionPay,” adding that Apple has not yet established an agreement it hoped to reach by March.

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Opinion: Apple Pay is easier than swiping a card … until it’s not

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Apple unveiled its mobile payment service Apple Pay last September alongside the iPhone 6 and Apple Watch later rolling it out to new iPhone users in October through the free iOS 8.1 software update. Dozens of banks and credit unions have flipped the switch on Apple Pay since then as more merchants have announced support or plans to accept the new payment method.

Apple Pay, which allows users to securely pay in stores using the latest models of the iPhone simply by placing the smartphone near a special terminal, uses your existing credit or debit card without revealing personal information like your name or card number to merchants.

In practice, Apple Pay is a real delight to use as a payment method as it feels a bit like you’re skipping the payment process altogether; I imagine moving from cash and checks to debit and credit cards years ago felt similar. There’s still a social oddity about paying with your phone in many parts of the United States in 2015, though, which I’m not sure happened with the transition to using cards.

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