No thanks, stay here.  

  We notice you are visiting from a U.S. Internet provider. Switch to our U.S. website.

Industry News

Apple and the evolving role of mobile payments

By Joseph Trigliari

25/08/2011 - Steve Jobs' resignation as CEO of Apple may signify a key moment in the history of business. Jobs' role in forging Apple's unique brand identity and iconic status was instrumental. Already, analysts are debating what it means for the technology sector, and banking leaders are questioning its impact on financial services.

The iPhone and iPad are the most popular mobile devices in their respective smartphone and tablet mediums, but how these devices comply with emerging mobile payment services has been a subject of debate.

Notably, analysts wonder when near field communication chips will begin to be included in Apple products, as NFC is often viewed as the bridge to widespread mobile payment adoption, and how the company plans to leverage financial institutions to do it.

"One of the company's clearest payments patents, made public last year, doesn't even use the word 'bank' once and mentions credit cards only once," reports Daniel Wolfe for American Banker. "If Apple's policies change along with top management, the company may end up in a more open relationship with banks."

Related News - Point-of-Sale Terminals

Canadian Bankers Association develops blueprint for mobile payments

15/05/2012

The number of smartphone owners in Canada now represents half of all wireless users, and many retailers have already installed point-of-sale terminals enabled with the technology that can accept mobile payments.

Full Article

EMV payments cards more widely circulated

11/05/2012

Merchants that have not yet invested in point-of-sale terminals capable of accepting EMV-chip cards might feel more pressure soon, since the number of cardholders is growing. Data recently released by EMVCo reported that 45 percent of all cards in the world contain EMV microprocessing chips

Full Article

Retailers want mobile POS systems, study shows

02/05/2012

The surveyed merchants believe the mobile credit card processing devices will help them provide better customer service and greater payment convenience since they won't be restricted to the front of the store.

Full Article

Canadian retailers could be early adopters of mobile payments

26/04/2012

Reuters reported that Canadian retailers could be ahead of the curve when it comes to mobile payment processing.

Full Article