Apple Pay

Coin, the company behind the innovative electronic card that aimed to consolidate your wallet into a single card, has today announced the 2.0 version of its offering. The first iteration of Coin began shipping in April 2015 and anyone who owns the first generation of the product is eligible for a free upgrade to Coin 2.0. Coin 2.0 includes a variety of enhancements, most important of which comes with the addition of NFC.

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While Apple has been mostly mum on the numbers behind Apple Watch sales so far, Best Buy is standing behind the iPhone maker’s general message that the Apple Watch has been a hit with customers. The electronics retailer started selling Apple Watches this month in select stores, first in the United States and later in Canada, and today Best Buy’s CEO Hubert Joly said Apple Watch demand has been “so strong” both online and in stores as the retailer plans to carry the smartwatch at even more locations.
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Further expanding on its recent “If it’s not an iPhone, it’s not an iPhone” ad campaign, Apple today has uploaded a new iPhone ad to its YouTube channel. This ad highlights Apple Pay, Apple’s contactless payment solution. The ad marks the first time Apple itself has advertised Apple Pay, although some banks and credit cards have run Apple Pay ads independently.

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Over a dozen more banks and credit unions around the United States have turned on support for Apple Pay in Apple’s mid-August update. The latest additions follow a larger rollout to over 40 institutions around the country earlier this month and Apple Pay’s first international debut in the UK last month. These are the latest banks to support Apple Pay plus the full list so far:
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A new survey of Apple Watch owners by Wristly found that 80% of those in the US and UK have already used Apple Pay, and suggests that this number could eventually hit 95%. The survey was limited to the two countries where Apple Pay is currently available.

The firm found that only 19% of Watch owners hadn’t yet tried Apple Pay, and of those only a quarter of them either had concerns or saw no benefits, suggesting that the rest were likely to try it at some later point.

The data also found that owning an Apple Watch dramatically increased the chances of using Apple Pay … 
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It appears that the expansion of Apple Pay into Australia could be farther off than some had hoped. According to a report today from The Sydney Morning Herald, Apple is in negotiations with at least four of the largest banks in Australia in order to form partnerships for Apple Pay in in the region. However, the report claims Apple is having issues in negotiations centered around the fees it collects from the currently supported Apple Pay markets of the United States and United Kingdom.

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Nearly one year after launching its first devices with NFC chips, the iPhone 6 and iPhone 6 Plus, to enable the Apple Pay mobile payments system, Apple has joined the official NFC Forum as a top-tier sponsor. Along with the sponsorship role, Apple has joined the forum’s Board of Directors, according to the forum’s official website. The site lists representation from Aon Mujtaba, a Director on Apple’s Wireless Systems Engineering team for the iPhone. Paula Hunter, the NFC Forum’s Director, made the announcement by saying that the organization is “delighted to welcome Apple to [its] board of directors as an NFC Forum sponsor member.”

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[Update: Statement from CVS below the fold…]

When Apple Pay launched in the US late last year, Apple’s mobile payment system was officially accepted by several launch partners and unofficially supported by even more retailers and vendors. Then a small number of retailers banded together as members of the Merchant Customer eXchange actually disabled mobile payment support at checkout in favor of an upcoming CurrentC payment system. Drug store chains CVS and Rite Aid were among the first to block Apple Pay support after initially accepting it and even prompting a response from Apple. Now Rite Aid is ending that blockade as it announced today that it will officially accept Apple Pay starting this weekend.
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American Express credit cards have supported Apple Pay since the iOS device-based mobile payment service launched nearly a year ago, and today AmEx announced that it has turned on support for corporate cards in the United States. Previously, American Express cards in the US were limited to consumer cards and OPEN Small Business cards. Apple CEO Tim Cook first shared that the expansion was coming during last month’s quarterly conference call with analysts.
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Retail data analytics firm InfoScout has told payment industry conference PYMNTS R2 that the percentage of U.S. iPhone 6 owners who have tried Apple Pay fell from 15% in March to 13.1% in June. Usage has also fallen sharply among those who have tried the service. Surveying iPhone 6 owners who have previously used Apple Pay and were shopping in a store that accepts the payment method, the percentage using Apple Pay fell from 39.3% in March to just 23% in June.

Payment industry site Pymnts suggests that while the fall is in some ways unsurprising, Apple must also accept part of the responsibility … 
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Apple has now flipped on support for Apple Pay to more than 40 additional banks and credit unions across the United States. The new banks join a steadily growing list of over 400 institutions across the country with active support for Apple’s mobile payment service. Apple Pay also recently debuted in the UK with 9 of the major banks supported so far. You can find the latest additions of US banks below:
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After my first impressions, lengthy update, decision point and one month update, this week is when I have to officially lose the ‘skeptic’ prefix to my Apple Watch diary series and relabel myself as a fully-fledged convert.

The trigger for this realization was a fairly small one, but one which clearly demonstrated to me that – little by little – the Apple Watch is transforming itself into a gadget I eventually won’t want to be without … 
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Following the launch of Apple Pay in the UK two weeks ago, Apple is continuing the rollout with the addition of two major banks, HSBC and First Direct. Customers who have credit cards or debit cards with those banks can start using Apple Pay now. As with other UK Apple Pay transactions, there is a £20 transaction limit at most retailers apart from those with upgraded payment terminals that support higher-value contactless purchases. The £20 limit is getting raised to £30 in September.

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With Apple Pay now up and running in the UK, Apple is continuing to roll out additional banks and credit unions in waves across the US for its iPhone, iPad, and Apple Watch-based mobile payment service. The latest round includes 34 more institutions now supporting Apple Pay. Here are the latest to join in the US as well as the full list to date:
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Apple Pay went live in the UK earlier this week with its first international rollout since debuting in the US last October, but Apple’s iPhone- and Apple Watch-based mobile payment solution hasn’t been without its own launch issues across the pond. To start, Apple Pay is a bit restricted in the UK as it is limited to transactions under £20 until September when the contactless payment rules change and the limit increases slightly to £30. Aside from a low transaction limit, paying with the iPhone or Apple Watch using Apple Pay at the London Underground transportation system has caused some initial confusion for riders as there are a few things to consider when paying electronically…
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Apple Pay has gone live in the UK today with over 250,000 officially blessed locations (although Apple Pay will work at any standard NFC terminal) and seven banks. In the runup to the launch, the main holdout has been Barclays bank who instead promoted their alternative ‘bPay’ service.

Now, though, they have changed their tune. Over Twitter, Barclays announced that it is actually  ‘really excited’ about Apple Pay and will add support for the service to Barclaycard debit and credit cards in future.

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As we reported would happen, Apple Pay will be going live in the U.K. today. The service launches in the country with support from more than 250,000 stores, including Waitrose and Transport for London on its transportation networks. Currently, 8 U.K. banks support Apple Pay. Those banks are American Express, First Direct, HSBC, Nationwide, NatWest, Royal Bank of Scotland, Santander and Ulster Bank. Notably missing from that list is Barclays, who is said to still be in negotiations with Apple to support the platform.

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HSBC appears to have let slip the release date of Apple Pay in the UK over Twitter. In a tweet that has since been deleted, a support representative from the bank said ‘Yes! It’s due to launch this Tuesday! We are excited too’. 9to5Mac previously reported the 14th July date for the expansion of Apple Pay into the UK a couple of weeks ago.

UK retailers also seem to think that the Apple Pay launch is imminent as signs showing support for the contactless technology have started appearing across the country, as noted by 9to5Mac readers and Matt Brian on Twitter.

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Apple is continuing the roll out of Apple Pay today with the addition of 20+ new US banks and credit unions supporting the iPhone, iPad and Apple Watch-based payments service.

The total 23 new banks and credit unions include:
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