Apple Faces Local Battles as Its Prepares Global Payments Push

Apple has made mobile payments look easy, after a decade of mostly failed experiments by banks, telecom operators and retailers to woo consumers away from cards and cash. Apple Pay has taken the United States by storm since its launch in September, and the company has said it already accounts for around $2 out of every $3 spent using “contactless”

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Banks Find Fraud Abounds in Apple Pay

When Apple was planning its Apple Pay electronic payment system last summer for its iPhones, the nation’s banks raced to be included among the first credit card issuers associated with the new technology. Apple’s news release announcing Apple Pay had gushing quotes from Jamie Dimon of JPMorgan Chase, Brian Moynihan of Bank of America and Kenneth Chenault of American Express,

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Cash May Be King, but Smartphones Seek to Rule at the Register

Using your smartphone to make payments in shops or public transport should become more widespread this year, but its supremacy will depend on how successful retailers are in enticing people to keep their cards or cash in their pockets. The stakes are high for phone manufacturers and operators, not to mention banks, as the success of contactless systems where consumers

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As Hacking Grows, Biometric Security Gains Momentum

With hackers seemingly running rampant online and millions of users compromised, efforts for stronger online identity protection – mainly using biometrics – are gaining momentum. Biometrics, which can include fingerprints, iris scans, facial or voice recognition and other methods, got a major boost with Apple’s introduction of its iPhones with Touch ID. Samsung followed with its own fingerprint scanner and

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