Apple in Talks with Major Banks to Launch Apple Pay in UK During First Half of 2015
Top banks across the UK are currently negotiating with Apple to launch Apple Pay in the country during the first half of 2015, reports The Telegraph. Sources close to the matter note that the major banks have cited privacy concerns over the personal and financial information of users, but admit that they are positive about the impact the service has had in the United States.
It is understood the bank is uncomfortable with the amount of personal and financial information Apple wants to collect about its customers. Some executives fear Apple Pay and the data it delivers to Apple could serve as a beachhead for an invasion of the banking industry.
Sources accepted no major bank will want to miss out on Apple Pay, however, as early signs from the United States suggest it may be the service to finally convince consumers to pay with mobile phones.
The news comes after Apple posted a job listing for an "Apple Pay Intern" earlier this month, which revealed that the company is "working hard" to expand its payment service across Europe, the Middle East, India, and Africa. Visa also said in September that it would be working with Apple to roll out Apple Pay across Europe in 2015, and e-commerce giant Alibaba has also been in talks with Apple over a potential partnership that would bring the service to China.
Apple Pay has seen impressive early adoption numbers since first launching in October, with ITG noting that the service accounted for 1% of all digital payment dollars in November. Apple Pay has seen adoption at a number of popular retailers and restaurants in the United States, including Macy's, Subway, Walgreens, McDonalds, Whole Foods, Nike, and more.
Popular Stories
Apple is set to unveil iOS 18 during its WWDC keynote on June 10, so the software update is a little over six weeks away from being announced. Below, we recap rumored features and changes planned for the iPhone with iOS 18. iOS 18 will reportedly be the "biggest" update in the iPhone's history, with new ChatGPT-inspired generative AI features, a more customizable Home Screen, and much more....
Apple today released several open source large language models (LLMs) that are designed to run on-device rather than through cloud servers. Called OpenELM (Open-source Efficient Language Models), the LLMs are available on the Hugging Face Hub, a community for sharing AI code. As outlined in a white paper [PDF], there are eight total OpenELM models, four of which were pre-trained using the...
Apple has announced it will be holding a special event on Tuesday, May 7 at 7 a.m. Pacific Time (10 a.m. Eastern Time), with a live stream to be available on Apple.com and on YouTube as usual. The event invitation has a tagline of "Let Loose" and shows an artistic render of an Apple Pencil, suggesting that iPads will be a focus of the event. Subscribe to the MacRumors YouTube channel for more ...
Best Buy is discounting a collection of M3 MacBook Pro computers today, this time focusing on the 14-inch version of the laptop. Every deal in this sale requires you to have a My Best Buy Plus or Total membership, although non-members can still get solid second-best prices on these MacBook Pro models. Note: MacRumors is an affiliate partner with Best Buy. When you click a link and make a...
There are widespread reports of Apple users being locked out of their Apple ID overnight for no apparent reason, requiring a password reset before they can log in again. Users say the sudden inexplicable Apple ID sign-out is occurring across multiple devices. When they attempt to sign in again they are locked out of their account and asked to reset their password in order to regain access. ...
Apple used to regularly increase the base memory of its Macs up until 2011, the same year Tim Cook was appointed CEO, charts posted on Mastodon by David Schaub show. Earlier this year, Schaub generated two charts: One showing the base memory capacities of Apple's all-in-one Macs from 1984 onwards, and a second depicting Apple's consumer laptop base RAM from 1999 onwards. Both charts were...
Top Rated Comments
Let's have a look to what Apple has to say (http://support.apple.com/en-us/HT203027):
So what data collection are we talking about?
I hate it when people say stuff regarding data mining without making it explicit what they are talking about. This is the reason why 99% of the global population thinks Google and Apple sell your data. Making people aware of privacy and technology starts with accurate and informed reporting.
It pays to have an understanding of what each newspaper panders to. In the words of Jim Hacker:
Sir Humphrey: The only way to understand the Press is to remember that they pander to their readers' prejudices.
Jim Hacker: Don't tell me about the Press. I know *exactly* who reads the papers.
The Daily Mirror is read by the people who think they run the country.
The Guardian is read by people who think they *ought* to run the country.
The Times is read by the people who actually *do* run the country.
The Daily Mail is read by the wives of the people who run the country.
The Financial Times is read by people who *own* the country.
The Morning Star is read by people who think the country ought to be run by *another* country.
The Daily Telegraph is read by the people who think it already is.
Sir Humphrey: Prime Minister, what about the people who read The Sun?
Bernard Woolley: Sun readers don't care *who* runs the country - as long as she's got big t**s.
Had the UK banking sector been on their toes, one would have grasped Apple Pay and got first-mover advantage. Many people would have moved to that bank. It is the way to go and will change banking and transactions forever. Procrastination again from a bunch of old-world thinkers. Get on with it!
Yes, the reason being is that they're pure scum, along with all the other lie factories: The Sun, The Star, The People, The Express, The Sun on Sunday, The Times, Telegraph - neoliberal piss barrels.