The prospect of using our phones in place of wallets is exciting to absent-minded people everywhere, but how well is adoption of mobile payments going in the real world? A recent survey looking at adoption of Apple Pay a few months out from its introduction shows that consumers are enthused about it, but are having trouble finding retailers where they can use the service. [More]
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PayPal Takes Out NY Times Ad To Taunt Apple Over Security Issues
If you ran a large and prosperous online payments company, you might feel threatened by Apple’s announcement that they’ will start their own mobile payments service, called Apple Pay. Not PayPal, though. Nope. Paypal isn’t scared. In fact, PayPal has started taunting Apple over security issues, mocking the company over the recent public dump of nude celebrity self-portraits that had been stolen and circulated online. [More]