Apple Partnering With American Express on iPhone Mobile Payments Initiative [Updated]

Discussion in ' News Discussion' started by MacRumors, Aug 31, 2014.

  1. MacRumors macrumors bot


    Apr 12, 2001

    Apple's rumored mobile payments initiative appears to be coming closer to launch, with Re/code reporting the company has reached a deal to partner with American Express.
    Apple was previously reported to have been in negotiations with Visa over the effort, which is said to leverage the upcoming iPhone 6. Just days ago, a logic board leak revealed the near field communications (NFC) chip destined for the iPhone 6 and which will presumably play an important role in enabling the mobile payments functionality.

    EasyPay mobile payments concept by Ricardo Del Toro
    With Apple's extensive database of credit card numbers linked to iTunes Store accounts and new security technology such as Touch ID built into the iPhone, the company is strongly positioned to leverage those assets for widespread adoption of mobile payments. The effort naturally requires partnerships with credit card processors and retailers, but the pieces do appear to be falling into place just ahead of next week's media event.

    Update 5:19 PM: A new report from Bloomberg claims Apple will be teaming with Visa and MasterCard in addition to American Express for its mobile payments initiative, which will be unveiled at Apple's media event on September 9.

    Article Link: Apple Partnering With American Express on iPhone Mobile Payments Initiative [Updated]
  2. JeffyTheQuik macrumors 68020


    Aug 27, 2014
    Charleston, SC and Everett, WA
    iPhone: Don't leave home without it.

    (and I don't)
  3. gramirez2012 macrumors 6502a

    Jun 21, 2010
    Chicago, USA
  4. TimWillz macrumors regular


    Apr 3, 2013
    Chester, United Kingdom
    I hope Apple doesn't take very long to role this out further than America. Still waiting for iTunes Radio in the UK...
  5. bushido Suspended


    Mar 26, 2008
    people in Germany have yet to adopt to credit cards let alone mobile payments lolol.

    credit cards to us means you buy things you cant actually afford
  6. JeffyTheQuik macrumors 68020


    Aug 27, 2014
    Charleston, SC and Everett, WA
    You know... at first I was against this, as I can see a lot of the negative aspects of it, but the more I see the proposed implementations, the more I like it!

    Next up, I'd like to see integration with iBank, Quicken, and other financial software. Having two people draining the same bank account is a recipe for disaster without a good synchronization plan.
  7. matrix07 macrumors 601


    Jun 24, 2010
    Amex should have Debit card.
  8. tigres macrumors 601


    Aug 31, 2007
    Land of the Free-Waiting for Term Limits
    AMEX rocks. All I carry.
    Good partnership indeed, was hoping for this.
  9. Zxxv macrumors 68040

    Nov 13, 2011
    don't have a credit card, don't have an iPhone 6. Oh well
  10. JeffyTheQuik macrumors 68020


    Aug 27, 2014
    Charleston, SC and Everett, WA
    I understand why you say this, but they're a tool to be used wisely. I had a boss that said this:

    Good decisions require wisdom.
    Wisdom comes from making bad decisions.

    I have another saying:
    Smart people learn from their own mistakes.
    Wise people learn from others' mistakes.
  11. lowercaseperson macrumors 6502

    Oct 5, 2006
    Can someone smarter than me expound on the "ceiling" of NFC technology? It seems to me like Bluetooth is more mature and better technology, but it has also been around for a long time and evolved dramatically from version 1.0.

    What can we reasonably expect from NCF technology in the next few years, as it seems this is legitimately payment technology of the near future.
  12. \-V-/ Suspended


    May 3, 2012
    Wow you don't have an iPhone 6?! You're so far behind! Oh wait, nobody here does
  13. DotCom2 macrumors 68040

    Feb 22, 2009
    I do too and I already have my iTunes account linked to my AmEx so I'm good to go!
    Can't wait for this and I hope it's widely adopted.
  14. stuffradio macrumors 65816

    Mar 17, 2009
    I don't have an iPhone 6 yet either!
  15. PsykX macrumors 6502a

    Sep 16, 2006
    Who does ?

    Who doesn't ?
  16. Nevaborn macrumors 65816


    Aug 30, 2013
    I thought talks were ongoing at a near done deal level with Visa which is a great place to be for international adoption. This talk about American Express though sounds further along than I believed so will be interesting to see which gets mentioned at keynote.

    It is still very early days though so it will not be a song and dance affair. Most likely a tie in to the NFC announcement which itself I am not expecting to be the show piece.
  17. PsykX macrumors 6502a

    Sep 16, 2006
    Okay now, that concept is ef*ing awesome ! I can't wait to see how that concept will come out of Apple.

    At the same time, I find it rather dangerous to always be only "One touch away from buying stuff". Let's hope it won't make my finger heavier.
  18. Dave245 macrumors 604


    Sep 15, 2013
    I was thinking the same, altho there is not many places that use NFC in the UK that's outside of London anyway. We still haven't had iTunes Radio, but i am looking forward to the iPhone 6, especially if it comes in a 5.5" model.
  19. groovyd Suspended


    Jun 24, 2013
    hopefully this will make some chinsy retailers reconsider accepting amex. that is my biggest gripe of amex. customer service is top notch.
  20. OmegaRed1723 macrumors 6502


    Jun 19, 2009
    The Waste
    I've yet to see anyone use NFC to make a purchase. Granted, I live in a relatively rural area of New England, but even in metropolitan areas I visit (Boston, NYC) are people really clamoring for this feature? It takes five seconds to take a debit card out of my wallet and swipe it. Surely it will take much longer to pull out the phone, unlock it, open the payment app, wait for the connection, and confirm the purchase.
  21. ousboui macrumors newbie

    Aug 28, 2014
    would be better to make payments with the wearable

    It would be even more convieniant to make payments with the wearable device.
  22. groovyd Suspended


    Jun 24, 2013
    next stop, apple introduces it's own credit processing allowing the world to ditch visa, amex, mastercard, etc...
  23. ArtOfWarfare macrumors G3


    Nov 26, 2007
    I don't know if I agree with the labels of "Smart" and "Wise" for your two types of people, but I like this saying.
  24. emir macrumors 6502a


    Apr 5, 2008
    Still waiting for iTunes Radio in Turkey. Besides, the first Apple Store was launched in Turkey almost half a year ago but because of the law they still don't have the system in which every employee can take payments via credit cards. Turkish law still requires us to get printed receipts and the transaction to be conducted via POS machines. So I doubt this feature will ever be used in Turkey.

    On the other hand we have credit cards that are equipped with Visa fast pay that enables you to make payments less than $20 wirelessly by just getting your card close to the thing.

    I really wish this will be available and widespread though. I can see it get very useful.

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