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Apple Discussing Mobile Payments Partnership With Nordstrom
Nordstrom may be one of Apple's first merchant partners when Apple launches its upcoming mobile payment initiative, reports Bank Innovation. Apple is said to be in talks with Nordstrom about its payments service, suggesting Nordstrom could be one of the first retailers to support payments via iPhone.
Earlier this year, a report suggested Apple was speaking with several high-profile retail store chains about a mobile payment service, in order to retailer gauge interest and explore possibilities for a unified payment service, and Nordstrom may have been included in these talks.
EasyPay mobile payments concept by Ricardo Del Toro
In addition to partnering with retailers, Apple is also said to have signed deals with American Express, MasterCard, and Visa for its mobile payments initiative, which will likely leverage technologies like NFC, Bluetooth, and iBeacons, in addition to Touch ID, Apple's fingerprint-sensing security technology.
According to reports, Apple's payments service will allow iPhone owners to use their devices to make payments both online and in retail stores. Apple is expected to announce its mobile payments initiative during its September 9 media event.
The "talks" Nordstrom and Apple have been engaged are related to payments -- but the extent of those talks is unclear. Apple was looking for a clothing brand with a large physical reach, our source said, but also with an established and high-end brand. With a strong brick-and-mortar presence, but with a focus on digital innovation as well, our source said Nordstrom was a "great" pick for Apple.Nordstrom is a logical partner for Apple, as its retail stores already use Apple's iPhones and iPads as point-of-sale systems. According to Nordstrom employees, Apple's mobile point-of-sale systems are purchased directly from Apple and were updated to work with 'the most recent iPhones" just a few weeks ago. Bank Innovation suggests that Nordstrom's current point-of-sale systems, which are said to be the same as Apple's own in-store EasyPay systems, may possibly be compatible with Apple's upcoming mobile payment service.
Earlier this year, a report suggested Apple was speaking with several high-profile retail store chains about a mobile payment service, in order to retailer gauge interest and explore possibilities for a unified payment service, and Nordstrom may have been included in these talks.
In addition to partnering with retailers, Apple is also said to have signed deals with American Express, MasterCard, and Visa for its mobile payments initiative, which will likely leverage technologies like NFC, Bluetooth, and iBeacons, in addition to Touch ID, Apple's fingerprint-sensing security technology.
According to reports, Apple's payments service will allow iPhone owners to use their devices to make payments both online and in retail stores. Apple is expected to announce its mobile payments initiative during its September 9 media event.
Related Roundup: Apple Pay
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59 months ago
This is amazing! Now when I shop at Nordstrom once every 7 seven years, I can save 10 seconds on swiping my card!
59 months ago
Nordstrom's? What % of the iPhone toting population shops there, even twice a year? :eek:
How about getting some "basic" stores on board?
Suggestions, people, suggestions! :D
Look, I get it that Nordstrom is pricey, but come on. Think about it. They obviously are doing very well, because they make a lot of money ($12.5B revenue, $734M net in FY 2013).
How many of those shoppers do you think are carrying Android devices vs iPhones?
59 months ago
Nordstrom's? What % of the iPhone toting population shops there, even twice a year? :eek:
How about getting some "basic" stores on board?
Suggestions, people, suggestions! :D
You're looking it from the wrong direction. Instead, what % of Nordstrom's patrons own an iPhone? I'd bet 80-90%.
59 months ago
They plan to add these guys 1-at-a-time?
Why not partner with credit card swiper companies or something, so that these sorts of abilities start showing up at gas stations, liquor stores, targets, grocery stores and everywhere else a credit card is manhandled. Once that works spiffily, then we can all collectively work on how to get it to work at restaurants (and if we get off the tip-for-service system during this time, so much the better)
Why not partner with credit card swiper companies or something, so that these sorts of abilities start showing up at gas stations, liquor stores, targets, grocery stores and everywhere else a credit card is manhandled. Once that works spiffily, then we can all collectively work on how to get it to work at restaurants (and if we get off the tip-for-service system during this time, so much the better)
59 months ago
I rarely shop there. I guess I will wait till it shows up at Starbucks. I expected Starbucks to be one of the first ones.
59 months ago
You are not alone. I think I've been in that place one time my entire life. I just know as a guy to avoid that place at all cost; there is nothing good that can come from it.
If you can afford to waste $1200+/yr on a smart phone and contract you can shop at Nordstrom. Go to the Nordstrom Rack. They have hundreds of them.
59 months ago
Kind of interesting that so many fans of expensive Apple products are also too low brow to shop at Nordstroms. And here I thought it was a middle-of-the-road store competing with Bloomingdales while Macy's is a rung down and Neimans a rung up.
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