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.

applepay
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.

Related Roundup: Apple Pay

Top Rated Comments

TC03 Avatar
101 months ago
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.
So what data are we talking about? Didn't Tim Cook explicitely state that Apple Pay works because Apple doesn't collect data about its customers?

Let's have a look to what Apple has to say (http://support.apple.com/en-us/HT203027):

Apple Pay is also designed to protect your personal information. Apple Pay doesn't collect any transaction information that can be tied back to you. Payment transactions are between you, the merchant, and your bank.
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.
Score: 21 Votes (Like | Disagree)
andy845 Avatar
101 months ago
Still no iTunes Radio in the UK so I'll believe this when I see it...
Score: 11 Votes (Like | Disagree)
Gaspode67 Avatar
101 months ago
Understanding the British Press.....

I tend to bow out of threads when people start with the 'Daily Mail' Cliche.

It's become a Godwins Law of its own.


But back on topic, In theory it should be easier to get up and running in the UK, fewer banks, an extensive, established NFC network, etc.

The £20 limit should go for fingerprint authenticated purchases, and indeed would need to, it would be embarrassing not to be able to use Apple Pay in an Apple Store, where few things cost less than the £20 limit!
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.
Score: 5 Votes (Like | Disagree)
Sandstorm Avatar
101 months ago
Why so slow, even in the UK? The rest of the world, especially smaller countries, probably can forget about :apple:Pay for any foreseeable future :(
Score: 5 Votes (Like | Disagree)
sraworld Avatar
101 months ago
UK Banks

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!
Score: 4 Votes (Like | Disagree)
Upgrader Avatar
101 months ago
There's a reason why that rag is called The Daily Fail

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.
Score: 4 Votes (Like | Disagree)

Popular Stories

USB C Over Lightning Feature

EU Passes Law to Switch iPhone to USB-C by End of 2024

Tuesday October 4, 2022 3:30 am PDT by
The European Parliament today voted overwhelmingly in favor of enforcing USB-C as a common charging port across a wide range of consumer electronic devices, including the iPhone and AirPods, by the end of 2024. The proposal, known as a directive, forces all consumer electronics manufacturers who sell their products in Europe to ensure that a wide range of devices feature a USB-C port. This...
General iOS 16 Feature Yellow

10 New iOS 16 Features Coming Later This Year

Monday October 3, 2022 2:41 pm PDT by
iOS 16 was released to the public three weeks ago with a customizable Lock Screen, the ability to edit iMessages, improvements to Focus modes, and much more. And in the coming months, iPhone and iPad users have even more new features to look forward to. We've rounded up 10 new features coming to the iPhone and iPad later this year, according to Apple. Many of the features are part of iOS...
ipad pro m1 feature

Gurman: Apple Event This October Remains Unlikely, No Touch ID for iPhone 15

Sunday October 2, 2022 6:41 am PDT by
Apple is developing new iPad Pro, Mac, and Apple TV models, and at least some of these products will be released in October, according to Bloomberg's Mark Gurman. However, Gurman continues to believe that Apple is unlikely to hold an event this month. In the latest edition of his Power On newsletter, Gurman said "the big iPhone 14 unveiling last month was probably it for Apple in 2022 in...
iOS 16

Apple Preparing iOS 16.0.3 With More Bug Fixes Following iPhone 14 Launch

Monday October 3, 2022 7:53 am PDT by
iOS 16.0.2 was released last month with several bug fixes for iPhone 14 issues, excessive copy and paste permission prompts, and more. Now, evidence suggests that Apple is planning to release iOS 16.0.3 with additional bug fixes. Evidence of an upcoming iOS 16.0.3 software update has shown up in MacRumors analytics logs, which have been a reliable indicator in the past. There are several...
Apple SIM Card

Apple SIM No Longer Available for Activating New Cellular Data Plans on iPads

Sunday October 2, 2022 8:04 am PDT by
As of October 1, Apple SIM is no longer available for activating new cellular data plans on supported iPad models, according to an Apple support document. Introduced in 2014, the Apple SIM was designed to allow iPad users to activate cellular data plans from multiple carriers around the world. Initially, the Apple SIM was a physical nano-SIM card, but it was embedded inside later iPad Pro...
maxresdefault

Video: AirPods Pro 2 vs. Bose QuietComfort II

Monday October 3, 2022 12:50 pm PDT by
Apple on September 23 officially launched the second-generation version of the AirPods Pro, introducing updated Active Noise Cancellation, Adaptive Transparency, improved sound, and more. Right around the same time, Bose introduced new QuietComfort II earbuds with many similar features, so we thought we'd compare the two to see which has the edge. Subscribe to the MacRumors YouTube channel for ...
General YouTube Feature 1

You May Soon Need to Be a YouTube Premium Subscriber to Watch 4K Videos

Monday October 3, 2022 4:29 am PDT by
YouTube may make watching videos in 4K quality on the platform exclusive to only YouTube Premium subscribers, according to screenshots posted by users on Twitter and Reddit. On Reddit (1,2) and Twitter, some users have started to recently notice that on iOS, and presumably across other platforms also, YouTube is now saying that in order to watch videos in 4K, the user must be a paying...
dynamic island alan dye

Apple Executives Talk About iPhone 14 Pro's Dynamic Island in New Interview

Sunday October 2, 2022 10:48 am PDT by
In a new interview, Apple's senior vice president of software engineering, Craig Federighi, and Apple's vice president of human interface design, Alan Dye, sat down to discuss the thinking behind the iPhone 14 Pro's Dynamic Island and how it was developed. During the interview with the Japanese magazine Axis, Federighi, who oversees the development of iOS, said Dynamic Island represents the...