Apple's Beats brand in April unveiled the Powerbeats Pro, a redesigned wire-free version of its popular fitness-oriented Powerbeats earbuds.
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.
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.
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.
Related Roundup: Apple Pay
[ 91 comments ]
Top Rated Comments
(View all)
60 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.
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.
60 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 :(
60 months ago
Understanding the British Press.....
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.
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.
60 months ago
meh not excited anymore. Was excited when they announced it but they've left it too long.
60 months ago
I wonder how they will get around the £20 limit on contactless transactions, if they will let Apple Pay transact a higher amount?
There won't be a limit because Apple Pay has security. The £20 is to protect you for not needing to put in a pin code
60 months ago
Apple should launch Apple Pay in Japan.
Japan introduced NFC based mobile-payment system over 10 years ago and has now the largest number of NFC enabled point-of-sale terminals (over 1 Million) in the world. iPhone is also the dominant smartphone in Japan, with near 50% of market share in the country.
Japan introduced NFC based mobile-payment system over 10 years ago and has now the largest number of NFC enabled point-of-sale terminals (over 1 Million) in the world. iPhone is also the dominant smartphone in Japan, with near 50% of market share in the country.
60 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!
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!
60 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.
60 months ago
Report from the Torygraph, just as unreliable as the Daily Mail - read the comments for the view of their readership.
[ Read All Comments ]
Since its introduction with iOS 7, AirDrop has become the favored means for iPhone and iPad users to instantly share photos, videos, documents, and more to nearby Apple devices over Wi-Fi and...
Twelve South today launched a new product called the "StayGo," which is a portable hub that connects to USB-C MacBooks and MacBook Pros.
Note: MacRumors is an affiliate partner with...
The team behind Pixelmator Pro today released a major update for the photo editing app, introducing useful new capabilities that make it easier than ever to edit your photos.
There's now a...
Television maker LG says that updates will soon arrive that make HomeKit and AirPlay 2 available on supported TVs.
LG's Australian support account on Twitter responded to a customer query...
Alongside the launch of iOS 12.4, Apple today released new versions of iOS 9.3.6 and iOS 10.3.4 for older iPhones and iPads that aren't able to run iOS 12.4.
The iOS 9.3.6 update is...
Alongside the release of iOS 12.4 with its new data migration tools for iOS devices, Apple today released a new 12.4 software update designed for the HomePod.
The new HomePod software will be...
Apple today released macOS Mojave 10.14.6, the sixth update to the macOS Mojave operating system that first launched in September. macOS Mojave 10.14.6 comes over a month after the release of macOS...
Apple today released tvOS 12.4, the eighth update to the tvOS 12 operating system that runs on the fourth and fifth-generation Apple TV models. tvOS 12.4 comes more than a month after the release of...
