iGyaan Network

Tag: Apple Pay

  • Apple Wants To Launch Apple Pay In India

    Apple Wants To Launch Apple Pay In India

    Apple is planning to bring its payment service, Apple Pay in India. During his recent visit to India, Eddie Cue, SVP for internet services and software admitted that seeing more and more international payment mechanisms entering India has encouraged Apple as well. Earlier in September, iGyaan had reported that Apple has begun testing Apple Pay in India and launch the payment service by the end of 2017.

    It is great that all of these payment mechanisms is coming out in India because it empowers people to be able to pay. What Apple pay does is make that process easy, integrated and safe. We absolutely want to bring Apple pay to market here

    Apple Pay securely stores credit cards, debit cards, or other sensitive payment information from the Wallet app and lets the user pay for goods directly from their mobile device. For Apple Pay to work, the merchant needs to have a contactless machine which is compatible with Apple Pay. During the transaction, TouchID or FaceID is required to authenticate the payment. Once the authentication is successful, a subtle vibration confirms that the transaction was successful.

    India has seen a floury of different payment services entering the country. Tech giants like Google, WhatsApp and Samsung has launched their payment services in India in the last couple of years. Other online payment apps like PayTM also allow its users to make cardless payments directly through the PayTM app, although, you need to top up your PayTM balance before making any transactions. In the case of Samsung and Apple Pay, transactions are made directly from the credit or debit card synced with your account.

    Google launched Tez in early September in India. The app has a widespread support of banks and has already hit over 5 million downloads on the Play Store.

    Apple may be late to join the online or cardless payment services party but, Apple is India’s second largest premium smartphone maker along with Apple Pay’s integration with iOS 11 and the Apple ecosystem will be a huge factor.

  • Apple Pay Will Enter India By The End Of 2017

    Apple Pay Will Enter India By The End Of 2017

    On September 12, Apple launched the iPhone 8, 8 Plus, the eagerly awaited iPhone X along with Apple Watch Series 3 and Apple TV 4K. Apple also announced that the global rollout of iOS 11, which was announced at the WWDC 2017, will start seeding to compatible iPhones and iPads on September 19. One of the most popular features available on iOS devices is Apple Pay, which is not yet available in India. However, sources close to iGyaan tell us that Apple has begun testing Apple Pay in India and will be introduced in the country by the end of 2017. Sources tell us that Apple is in talks with several merchants like Starbucks and Croma stores, and banks like HDFC Bank, Standard Chartered, and Citi Bank to introduce the contactless payment machines compatible with Apple Pay at their outlets. 

    Apple Pay securely stores credit cards, debit cards, or other sensitive payment information from the Wallet app and lets the user pay for goods directly from their mobile device. For Apple Pay to work, the merchant needs to have a contactless machine which is compatible with Apple Pay. During the transaction, TouchID or FaceID is required to authenticate the payment. Once the authentication is successful, a subtle vibration confirms that the transaction was successful.

    The cardless payment service works on the new MacBook with TouchID and all iOS devices launched after iPhone 6, including the iPhone SE which is one of the most popular iOS devices in India and also the only Apple product currently being manufactured in India at the company’s Bengaluru Campus. Devices compatible with Apple Pay are:

    • iPhone 6/6 Plus
    • iPhone6s/6s Plus
    • iPhone SE
    • iPhone 7/7 Plus
    • iPhone 8/8 Plus
    • iPhone X
    • iPad Pro
    • iPad Air 2/iPad Air 3
    • iPad Mini 3/iPad Mini 4
    • Apple Watch Series 1/ Series 2/ Series 3
    • MacBook Pro 2017 with TouchID

    Samsung has already introduced Samsung Pay in India which works exactly like Apple Pay, except that it doesn’t need a compatible contactless machine to work. Samsung Pay works with any card payment machine, giving it an advantage over Apple Pay. Other online payment apps like PayTM also allow its users to make cardless payments directly through the PayTM app, although, you need to top up your PayTM balance before making any transactions. In the case of Samsung and Apple Pay, transactions are made directly from the credit or debit card synced with your account.

    Google also launched its own UPI based mobile payments app, Tez in India on September 18th. The app has a widespread support of banks and the Finance Minister of India, Mr. Arun Jaitley himself launched the app and even made the first ever Tez transaction. It will be interesting to see how many banks come on board with Apple Pay and how Indian consumers react to the service as the convenience of PayTM and a surge of Google Tez by December may hamper the popularity of Apple Pay. However, considering Apple is India’s second largest premium smartphone maker along with Apple Pay’s integration with iOS 11 and the Apple ecosystem may persuade iPhone and other Apple product owners to switch to Apple Pay.

  • ATMs to Support Apple and Android Pay

    ATMs to Support Apple and Android Pay

    Because many retailers still don’t offer NFC support for payments, life is still not as easy as it could be if among other things smartphones could also be used to do ATM transactions as well. This is precisely what Bank of America and Wells Fargo are working on offering at their ATMs in the US.

    “We’ve been working on the technology that allows us to hook to digital wallets, leveraging NFC on mobile phones to replace the card at the transaction at the ATM. Right now the wallet that we support is Android Pay,” says Jonathan Velline, Wells Fargo’s Head of ATMs.

    Similarly, Bank of America is also working of employing NFC at its ATMs. It should be made available in February in some ATMs in Silicon Valley, New York, San Francisco, Charlotte and Boston. Even though Bank of America has not explicitly mentioned which wallets would be supported, we can assume them to be Apple and Android Pay for now.Android Pay 1

    While these potential developments sound fancy and appealing, there is no news on when they will be available in India as well. Hold your breath until we update you about the next development on this front.

    Source

  • Apple Pay Likely to Incorporate Peer-to-Peer Payments in 2016

    Apple Pay Likely to Incorporate Peer-to-Peer Payments in 2016

    Apple is in talks with a number of top U.S banks to create its own person-to-person mobile payment service, which could see an early 2016 launch. Banks like Chase, Capital One, Wells Fargo, and U.S. Bancorp have discussed the prospects with Apple.

    Apple Pay currently deals with sending money to businesses, but that could change by next. Currently, apps like PayPal’s Venmo and Google Wallet allow for person-to-person transactions, while some banks have their own apps that allow you to make payments directly. To get this plan off the ground, Apple will have to navigate its way through individual bank platforms and find a way to incorporate the banks within the Apple Pay world.

    apple-pay

    Apple may look to simply tap into an existing payment service from top banks called clearXchange, and loop that into Apple Pay. That would allow users to send money from a checking account to anyone with an email address or mobile number. Apple may not be looking to make money off this latest idea, and likely wants to broaden the scope of Apple Pay and the overall benefit of the iPhone.

    This is all part of Apple CEO Tim Cook’s vision that paper money will no longer exist in the future. “Your kids will not know what money is,” he said during his address at Trinity College in Dublin, Ireland. In today’s technological world most transactions are taking place online. The biggest challenge here is to avoid cyber attacks.

    During his speech, Cook said that Apple will dedicated itself to preventing hackers from stealing customers’ information. “We plan to continue to encrypt end to end with no back door,” Cook said. “We will productively work with the governments to try to convince them that’s also in their best interests in the national security sense.”

     

  • Samsung Pay is Already a Smashing Success in South Korea

    Samsung Pay is Already a Smashing Success in South Korea

    Mobile payment seems to be the next big thing getting users excited in the tech world. It refers to transactions, under specific financial regulations to ensure safety, using a mobile device. The latest company to be in news related to this tech development is Samsung, creating headlines with Samsung Pay. Samsung Pay

    The newest service of the company has been launched in its home country of South Korea less than a month ago, and the company claims it has already witnessed transactions amounting to $30 million. This amount is spread across 1.5 million transactions. They were made by people who were active throughout the course of last month, many using the service every day. The device mainly used for it was Samsung Galaxy Note 5.

    Earlier, Google Wallet has been a noticeable name in the realm of mobile payment. Apple is yet to introduce the service and there is little official news available about its launch. It would be interesting to see Samsung Pay pitted against other tech giants and the way in which market responds to it outside Korea.

  • Reports Suggest Google’s Android Pay Might Release This Week

    Reports Suggest Google’s Android Pay Might Release This Week

    Apart from its burgers and fries, McDonald’s is also known for being quite tech savvy. They have free Wi-Fi, complimentary iPads and were even one of Apple Pay’s first few partners. Now, recent information also suggests that the McDonald’s is preparing employees to be ready for the new Android Pay system.

    Android Pay

    The exact date of release, that has been indicated by a leaked memo is said to be on the 26th of August 2015. The Android Pay was announced at Google’s I/O developer conference in May and is said to launch in the United States first.

    android pay

    Android Pay relieves users from the hassle of carrying cards and the payment is done at merchants’ contactless terminals. Simply unlock the device and as soon as you place it near the machine’s NFC reader, a card interface will pop up automatically. Fingerprint scanning isn’t a must. Pick from the virtual cards to complete your payment. With this, you are done. Payment confirmation and transaction details will be received on your smartphone. There is no need to call up Android Pay and put in a separate PIN or password to authenticate payments. Android Pay deals with all by integrating with the security of the operating system.

    The Android Pay has the same results as Apple Pay – you can swipe your phone instead of using cash or cards. Further reports also suggest that the new Android Pay will run on the Android KitKat or above.

    However, Google has not made any official statement about the release of their new feature.
  • Apple Pay Steps Out of the US For the First Time, Arrives in UK Next Month

    Apple Pay Steps Out of the US For the First Time, Arrives in UK Next Month

    The WWDC 2015 kicked off in style. Along with introducing iOS 9 and OS X El Capitan, another set of important announcements made by the tech giant were about Apple Pay, the company’s NFC and Touch ID-based mobile payment solution.

    Jennifer Bailey, Vice President of the Online Store of Apple, came up on stage to talk about the service. She announced that it will finally be made available in the UK, from July 2015. People will now be able to make quick transactions at Boots UK, BP, Costa Coffee, Dune, JD Sports, KFC UK & Ireland, Liberty, LIDL, Marks & Spencer (M&S), McDonald’s UK, Nando’s, New Look, Post Office, Pret A Manger, SPAR, Starbucks, SUBWAY stores, Wagamama and Waitrose.

    Apple pay 1

    Apple is partnering along with HSBC, Santander, Natwest, Nationwide, First Direct for the UK launch, and many more. Users will also be able to redeem reward cards from Kohl’s, Walgreens and Dunkin’ Donuts. The biggest news of all was that Apple even managed to rope in Transport for London to accept Apple Pay. So you can use your iPhone or Apple Watch to pay for your travel or daily commute.

    Physical stores aren’t the only places where this service comes of use, you can use Apple Pay to pay within apps; cutting short the procedure. Apps that will accept Apple Pay in the UK, include Addison Lee, Airbnb, Argos, Booking.com, British Airways, Domino’s, easyJet, Hailo, HotelTonight, hungryhouse, JD Sports, Just Eat, lastminute.com, Miss Selfridge, Ocado, Stubhub, thetrainline.com, Top 10, Topshop, Uncover, Vueling, YPlan, Zalando and Zara, among others. To pay within apps, Apple Pay is compatible with iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3. Another important advancement to Apple Pay is that later this month, Pinterest will launch ‘buyable pins’ that will allow you to buy things from Nieman Marcus and Macy’s using the Apple Pay.

    Apple pay 2

    Other than the UK, Apple also announced Apple Pay will be adding support for rewards programs and store-issued credit and debit cards. Apple Pay has managed to expand merchant acceptance to over one million locations in the coming month. With this addition, Apple Pay will accept credit and debit cards across all major card networks, issued by the most popular banks, representing 98 percent of all credit card purchase volume in the US.

    Paying using Apple Pay is as simple as holding your iPhone near the contactless reader in the store, while keeping a finger on the Touch ID. With Apple Watch just double click the side button and hold the face up to the contactless reader to make a purchase right from your wrist. For now, Apple Pay is currently supported for iPhone 6 and iPhone 6 Plus and the new Apple Watch, allowing you to pay for items. Apple uses the NFC technology and the Touch ID fingerprint reader to authenticate purchases for buying goods in a store. Keep on checking iGyaan for more updates.

  • Here’s How Android Pay Can Pose a Threat to Apple Pay

    Here’s How Android Pay Can Pose a Threat to Apple Pay

    Along with unveiling the brand new version of Android OS, Android M, at the annual developers conference I/0 2015, Google cleared its vision to help customers buy regular products with utmost ease. The tech powerhouse showed the Android community its recent development on mobile payments that made Android lovers applaud Google. The ace up its sleeves was Android Pay, through which Google was aiming at Apple’s contactless payment service, Apple Pay. However Android Pay came late into the mobile payment battle, it has certain distinctive features that would strengthen its position in this domain. Let’s check out how it works and how it can contribute to making our lives easier.

    How to Use it?

    android pay

    Android Pay relieves users from the hassle of carrying cards and the payment is done at merchants’ contactless terminals. Simply unlock the device and as soon as you place it near the machine’s NFC reader, a card interface will pop up automatically. Fingerprint scanning isn’t a must. Pick from the virtual cards to complete your payment. With this, you are done. Payment confirmation and transaction details will be received on your smartphone. There is no need to call up Android Pay and put in a separate PIN or password to authenticate payments. Android Pay deals with all by integrating with the security of the operating system. The feature is much easier to use with Android M as devices equipped with the latest Android OS version supports fingerprint reading just like Apple Pay.

    Along with that, Google has thought of another strategy to allure Android users. As the users checkout, the loyalty programs and special offers automatically apply. This way, loyalty programs and offers get received along with payments, which is essential for the contactless payment system.

    Here’s the video demonstrating the use of Android Pay:

    https://youtu.be/OueObu2aA_M

    The technology governing Android Pay is analogous to the one regulating Apple Pay. It makes use of the similar NFC (Near Field Communications) technology, which is regular on most Android smartphones these days. Together with that, current software is all that is needed for Android Pay to run on any Android handset. Google has partnered with top payment processors, mobile carriers, payment networks, banks and retailers to deliver your choice and flexibility. The bank apps also pay a pivotal role of integrating with Google’s platform to add your credit and debit cards directly to Android Pay.

    Talking about the security parameters equipped in Android Pay, the tokenization method spotted on Apple Pay dominates Google’s payment system as well. A virtual account number is created for the user so that retailers never come to know your actual card details.

    Why it is likely to beat Apple Pay?

    Google’s payment system will give a major boost to mobile payment. Users can pay in stores, food courts, buy apps, and at every possible place where Android Pay or an NFC logo is visible. According to the company, the feature arriving this summer will work in 7,00,000 stores in the US and with a 1,000 Android apps.

    android pay 1

    Though Apple Pay is efficient, its usage is limited to those using iPhone 6, iPhone 6 Plus, Apple Watch and iPad. On the contrary, Android Pay is expected to work with all smartphones with Android 4.4 KitKat and above. Considering the vast user base of Android, Android Pay is likely to take over Apple Pay in the near future. Android users account for more than 80 per cent of the smartphone users. Even if a small per cent of total Android user base utilizes Android Pay, it will easily surpass Apple Pay users.

    The second factor that will add to Android Pay’s success is its compatibility with older phones. The feature will allow even the 2013 models to work with Android Pay such as Galaxy S4, HTC One M7, and more. As there will be more users, more retailers would like to install the NFC payment system at their stores. This way, Google will penetrate deep into the mobile payment segment than Apple, in spite of the fact that Apple came in early in October last year.

    Meanwhile, there is no detail about it coming to countries outside the US, but we are anticipating it to arrive in India later this year.

  • Microsoft to Introduce Mobile-Based Payment System to Take on Samsung and Apple

    Microsoft to Introduce Mobile-Based Payment System to Take on Samsung and Apple

    Smartphones have become an even essential part of our lives. With the addition of payment systems, smartphones will soon take over the role of your wallet. While Samsung and Apple have already introduced their payment systems, other manufacturers are joining in. Microsoft, the makers of Windows Phone devices, have also announced that they will be unveiling their payment system soon.

    Microsoft had showcased a tap to pay feature on its devices at a conference for Windows hardware makers in China. It was said then that this feature would not require support from the network operators. Just like Samsung and Apple Pay, this feature will also be based on NFC.

    Microsoft’s plans were brought to light by Faisal Khan, a banking consultant. He found that Microsoft has already got permission from the American state of Idaho and has applied for licenses in all the states of the country.

    Mobile payment was available on Windows phone through the Softcard app but the service closed down when Google bought Softcard. Bill Gates had predicted, after the launch of Apple Pay, the technology will soon be available on all smartphones. Considering the speed at which things are moving, it might be easy to visualize such a future.

  • Samsung Pay is Now Ready to Go Head On With Apple Pay

    Samsung Pay is Now Ready to Go Head On With Apple Pay

    Samsung has announced its own version of Apple Pay, titled Samsung Pay at MWC 2015. With S-Pay customers can make secure mobile transactions. Samsung has collaborated with Visa and Mastercard and is planning to further expand the eco-system with the likes of American Express, Bank of America, Citi, JP Morgan and US Bank.

    Samsung offers this capability by deploying a technology called Magnetic Secure Transmission (MST). Consumers can use Samsung Pay in merchant locations regardless of whether the terminals support NFC or traditional magstripe, which is the vast majority of existing terminals.

    The system essentially relies on the Galaxy S and Note devices fingerprint sensor. Users just need to swipe up from the bottom to launch the Samsung Pay app, choose their credit card and simply authenticate the transaction with their fingerprint. Proper safety measures have been taken, Samsung has integrated the system with its KNOX platform, ARM TrustZone and tokenization.

    Samsung claims it has tied up with 90% retailers in the US already. Samsung Pay launches in the United States and Korea in the summer, while other regions (such as Europe and China) will follow later. The first devices to support it will be the Samsung Galaxy S6 and Samsung Galaxy S6 Edge.

  • Apple Watch Will Have the Power to Replace Your Car Keys, Says Tim Cook

    Apple Watch Will Have the Power to Replace Your Car Keys, Says Tim Cook

    Just when we thought that we knew everything important about Apple’s much-awaited Watch, there was another significant disclosure by the company. The CEO of the organization, Tim Cook, took to the stage to enlighten the audience about the magnitude of the Apple Watch and informed that it has the power to replace your car keys.

    Cook further stated in an interview given to The Telegraph that the Watch is designed in a way to replace car keys, so as to get rid of the clumsy, large fobs used for vehicles. Commenting on the battery of the wrist gadget, Tim elaborated its battery will go on for a full day and the charging time will be lesser than that of the iPhone.

    Apple watch 4

    Bearing another primary feature of the iPhone, the Watch will embed the company’s digital wallet service Apple Pay, which hoped to replace credit cards. This is not the first time Apple has dived into the automobile segment. Last March, it showcased CarPlay that lets drivers perform essential features like browse contacts, make calls and more without leaving the steering wheel.

    Well, hearing all this, we are much more excited about the official launch than ever. The company has scheduled a special event for 9th March where the Watch will be finally unveiled.

  • Google Plans to Knock Down Apple Pay With its New Pay Service ‘Plasco’

    Google Plans to Knock Down Apple Pay With its New Pay Service ‘Plasco’

    The battle to bring out an invincible pay system is getting tougher by the day. Google launched a mobile payment assistance app called Google Wallet in 2011 but got overshadowed by Apple Pay, which made a late entry last year in October. The internet search beast is not quietly accepting the competition; according to reports, Google is now planning to roll out a new pay service.

    Tentatively titled as ‘Plasco’, Google’s forthcoming service is one step ahead of all the payment services ever emerged. If the rumours are to be believed, then Plasco has been designed in a way that Android users don’t require to take their phones out of their pockets. The new system activates on its own when a user enters a store with Bluetooth on. At the time of paying to the retailers, users just have to utter their initials at the cash counter, and the payment will be made automatically.

    Google wallet 0
    Google Wallet

    The service runs as an app and is provided to retailers by Google. When users step in a store, the retailers are notified of the Plasco users and can make the payment. Clearly the system seems too easy to be secure. Right now, Google is in the testing phase, seems like there is some time before we know clearer details and features about the service.

  • Samsung to Introduce Apple Pay-Like Payment System With Galaxy S6

    Samsung to Introduce Apple Pay-Like Payment System With Galaxy S6

    Samsung wants its next flagship Galaxy S6 to overtake all existing records and attain the top spot among the users. The South Korean firm is taking every possible measure to ensure this and according to a Korean media report, the company is geared to launch a new payment system, Samsung Pay, with the Galaxy S6.

    The Korean Times stated –

    Samsung Electronics’ new smartphone Galaxy S6, set to make its debut at the Mobile World Congress (MWC) in Barcelona in Spain next month, will look a lot like Apple’s iPhone 6, sources said Monday

    As per the report, the producer has already partnered with VISA as one of the payment partners in the system. The Samsung Payment System will be based on LoopPay technology. Through the new fingerprint sensor embedded on Galaxy S6, users can pay by just touching LoopPay-enabled cards. The rumour going around is that the device will sport a non-swipe fingerprint sensor that requires you to place your finger and hold it for a minute like the iPhone.

    samsung pay

    Meanwhile, talks have surfaced that LoopPay is working on cases for Galaxy S5 and Galaxy Note 4. These cases would be touch-enabled and will allow making payments through phones like the upcoming Galaxy S6. As of now, there is no information about Samsung Pay coming to Note Edge, but we expect the company will extend support to this device as well.

    There are a lot of speculations about the forthcoming flagship by Samsung; as many wait anxiously for its upcoming launch at the MWC.  Samsung has used many tactics to market this phone, but only time will tell whether it will live up to its expectation.

  • Google Might be Planning its Own Mobile Payment Solution

    Google Might be Planning its Own Mobile Payment Solution

    Apple’s Apple Pay mobile payment system was unveiled last year on the same day we saw the Apple Watch, iPhone 6 and iPhone 6 Plus for the first time. With Apple Pay all you need to do for paying at stores is bring your phone near the payment sensor, and that’s it, your payment is done. Apple Pay is available on both, the iPhone 6 as well as the iPhone 6 Plus.

    Now it seems like Google is also looking to add the popular feature in its portfolio. NFC-based payment system is said to eliminate plastic money (credit cards) for hassle free payments. The Android maker is reportedly in talks to acquire Softcard, the a mobile payment company, and subsequently launch its own NFC-based payment system.

    Softcard, formerly known as ISIS, is a joint venture of
    Softcard, formerly known as ISIS, is a joint venture of  Verizon, T-Mobile, and AT&T

    Softcard is a joint venture of Verizon, T-Mobile, and AT&T which has been going through a rough patch lately. Softcard earlier this month laid off about 60 employees and has been in a consolidation phase. According to TechCrunch, hundreds of millions of dollars apparently were sunk into the company by all three carriers.

    Apple, right now, enjoys the monopoly of owning its own NFC-based payment system. Looks like we’ll have to wait a while to see Google’s retaliation.

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