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Apple has unveiled that customers can start making payments with the touch of a finger on October 20, 2014, when Apple Pay becomes available in the US.
More than 500 financial institutions now are in line to support Apple Pay, but could their involvement in the scheme just be a placeholder until individual banks solidify their own mobile payments plans? At least one industry observer believes that is the case.
The Payments Security Task Force today announced a forecast of participating acquirers who estimated that at least 47 percent of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015, according to a press release. The estimates are based on forecasts provided by acquirers representing approximately 80 percent of U.S. purchase volume.
The Obama Administration is preparing to announce that federal agencies must begin using EMV-enabled chips in electronic benefits transfer cards distributed to citizens, according to a report by The Hill, which cited “multiple sources.”
Just weeks after Alibaba’s new financial arm was revealed, the company has announced that its Alipay service is now expanding into the US and Russia, leaving eBay in further trouble.
Companies are attracting an increasing number of consumers on Twitter, with brands recording an average of 43% increase in followers last year, according to a recent report from ExactTarget Marketing Cloud.
Fast-growing Instagram has exploded to over 200 million monthly active users in just three years. And although millions of businesses have joined Instagram, few have successfully figured out how to harness the popularity of the image-based social platform.
Twitter is aiming to launch its new Buy button officially in the first quarter of 2015 after trialing the payment method last month.