payment

Eight 'payment' stories September 2011 - November 2015

Apple, Google, PayPal & others form coalition to ensure lawmakers understand financial tech

Ben Lovejoy Nov 3 2015 - 4:06 am PT

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

Sarah Guarino Oct 11 2014 - 9:00 am PT

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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.

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

Jordan Kahn Oct 7 2014 - 8:48 am PT

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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:

@bzamayo Apple significantly improved BLE in iOS 8, which allowed us to build a reliable experience for paying people nearby.

— Square Support (@SquareSupport) October 7, 2014

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.

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

Jordan Kahn Jun 5 2014 - 5:47 pm PT

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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.

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

Ben Lovejoy Jan 30 2014 - 7:29 am PT

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PayPal image

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.

iPhone 4 owners begin receiving their $15 ‘Antennagate’ settlement checks from Apple

Apr 22 2013 - 7:40 pm PT

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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.

My iPhone 4 settlement check is here! Buying a boat and sailing the world. Thanks, lawyers! #retired pic.twitter.com/4vrjxfLcgq

— Brad Kelly (@bradkellyfilms) April 22, 2013

Phil Schiller: App Store is more democratic than traditional retail, Passbook is not a direct payment service

Jordan Kahn Jun 13 2012 - 9:39 am PT

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In a recent story about growing concerns among app developers who want better ways to promote their apps in the App Store, The Wall Street Journal published quotes from an interview with Apple’s Vice President for Worldwide Marketing Phil Schiller about the “tremendous amount” of work Apple does to help new apps get discovered. Schiller also talked about how things will improve with the redesigned App Store, Facebook integration, and new user tracking tools for developers in iOS 6:

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Lowe’s brings on 42,000 iPhones for payment system similar to Apple Store’s (update: we’ve got screenshots)

Jake Smith Sep 8 2011 - 5:54 pm PT

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Linea-Pro from Infinite Peripherals

Lowe’s has purchased 42,000 iPhones to begin using a similar payment system that you see in Apple Store’s, as reported by Bloomberg (via The Next Web). We’ve all had the pleasurable event of purchasing an Apple product, where the checkout doesn’t take place at a cash register. Rather, the Apple retail employee whips out a EasyPay iPod touch to take your money. Each Lowe’s store will receive 25 iPhones to process payments and answer customers’ questions.

Along with the purchase of the phones, Lowe’s will roll out a web app called MyLowe’s that will allow customers to look up information regarding products, warranties, etc. Presumably, the device features a credit card scanner added on (as seen above on an iPod touch). Lowe’s isn’t first to hop on this bandwagon, as Old Navy and Home Depot have been doing similar with portable devices.

Update: We have screenshots of the app after the break:

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