Apple Inc. and Visa Inc. are facing claims by Universal Secure Registry, a small Boston-area company, that their mobile-payment partnership infringes four of its patents.
To hear Apple CEO Tim Cook tell it, Apple Pay is experiencing "a phenomenal traction." But the company does not reveal specific numbers about Apple Pay as it relates to key metrics.
In-app payments via Apple Pay have been available with the ExxonMobil Speedpass+ app since last year, but this week the petroleum giant boosted the app to enable users to pay at the pump at 9,600 U.S. Exxon and Mobil stations via the Apple Watch.
PayByPhone will add Apple Pay as a payment option for U.K. drivers later this year, as competition in the fast-growing market for mobile payment apps intensifies.
Apple Pay still struggles to displace cash and cards in the U.S., but its recent integration with Western Union shows the mobile wallet has some untapped potential.
Net Element Inc., a global payments processor with offices in Miami and Moscow, has extended support for Apple Pay to Russian consumers via its PayOnline subsidiary.
Western Union Co.’s mobile app customers can now use Apple Pay to send funds originating in the U.S. to more than 200 countries and territories worldwide, including domestic bill-payments.
Only 13% of an estimated 680 million iPhone users have ever used Apple Pay, according to a report from the Wall Street Journal, which cites data from venture capital firm Loup Ventures.
Australia's government says the country's large banks cannot collectively bargain with Apple over terms of support for Apple Pay, ending a public battle between Apple and the banks that has lasted at least a year.
