While retailers and banks continue to jump on the Apple Pay bandwagon, consumers have not yet caught on – particularly for holiday shopping.
A new payment platform is promising to combine beacons and Apple Pay. The technology, from startup Pay with Drop is a beacon-driven mobile payments consumer app and POS solution that lets shoppers pay for items via the app from up to 200 feet away, then pick up purchases at a designated location.
Macy's has unveiled a new app that allows customers to snap photos of outfits they like, upload them, and have the same items or something similar made available immediately for purchase.
In the few short weeks since Apple Pay's launch, the fledgling mobile payment platform has already left its mark, elevating mobile payments from a solution without a problem to one capable of jump-starting mobile wallet use.
The launch of Apple Pay has turned up the heat on the fledgling Merchant Customer Exchange's (MCX) mobile payment platform CurrentC.
The launch of Apple Pay this week has thrust mobile payments into the spotlight, illuminating not just the new payment platform and its promise, but also a competitive platform being developed by a group of merchants.
Both CVS and Rite Aid drugstore chains ran into trouble trying to implement the new Apple Pay mobile payment system.
While PayPal is one of the early success stories in mobile payments, the eBay, PayPal split, along with a new focus on Apple Pay, may loosen the payment processor's grip on mobile payments.
Since Apple announced the launch of virtual payment platform Apple Pay Sept. 9, brands have already signed on to use it, but Walmart wasn't interested in the new payment platform.
Apple introduced a series of new products including new iPhones and a wearable, but it's the long awaited mobile payment option, Apple Pay, that will tie together hardware, software and retail in an entirely new way.