Chase: Over 1 Million Wallets Provisioned on Apple Pay

Discussion in 'MacRumors.com News Discussion' started by MacRumors, Feb 24, 2015.

  1. MacRumors macrumors bot

    MacRumors

    Joined:
    Apr 12, 2001
    #1
    [​IMG]


    During its investor call today, Chase announced (via AppleInsider) that over 1 million customers have provisioned their credit and / or debit cards for use with Apple Pay. Additionally, the company provided a look at the demographics of its Apple Pay users.
    [​IMG]
    Eileen Sierra, CEO of Chase Card Services, said that its customers who use Apple Pay tend to be young and have higher incomes, with 69 percent of their Chase card Apple Pay transactions credit based.

    Sierra also revealed that the financial company has seen "good growth" in the number of its customers provisioning their cards on Apple Pay. Those customers have been using their Chase cards through Apple Pay at the top five merchants 58 percent of the time, with all remaining merchants making up the remaining 42 percent.

    While Apple hasn't provided adoption details on Apple Pay, CEO Tim Cook did announce in January that Apple Pay accounted for two of every three contactless dollars spent on American Express, Visa and MasterCard. Bank of America announced in January that nearly 800,000 of its customers were using Apple Pay, and point-of-sale suppliers have seen a massive increase in interest following Apple Pay's launch last October.

    Although Apple Pay is having early success in the United States, it has yet to expand past its borders. Reports indicate Apple is in talks with Canadian partners to launch Apple Pay in that country as soon as March, while Visa today announced it would launch tokenization in Europe in mid-April, paving the way for Apple Pay to expand into the continent.

    Article Link: Chase: Over 1 Million Wallets Provisioned on Apple Pay
     
  2. Ted13 macrumors 6502a

    Ted13

    Joined:
    Dec 29, 2003
    Location:
    NYC
    #2
    This is why Google Wallet is such a joke by comparison -- it has been "released" since 2011 and still hasn't achieved anything remotely close to what Apple Pay did in a few short months.
     
  3. Seoras macrumors 6502

    Seoras

    Joined:
    Oct 25, 2007
    Location:
    Scotsman in New Zealand
    #3
    Essential

    There was a day when having a computer at home was a luxury and then the day came when it became a necessity, even for the computer illiterate (banking, tax returns, on line shopping, keeping touch with family, etc).
    The App that did it for the PC was the web browser (which drove the online technological revolution)

    I can't help but feel that the smart phone is maturing faster from luxury to necessity especially when I see how well Apple Pay is doing.
    Loved by all. The consumers, the banks and the retailers.

    This is the killer App that makes owning one essential.
     
  4. dec. Suspended

    dec.

    Joined:
    Apr 15, 2012
    Location:
    Toronto
    #4
    And yet it has the potential to reach far more people via their Android phones. Unfortunately, neither Google nor Apple care much for Canada, so I'm here, paying my wine (of course Californian - anything Cupertino!111!!) with one of my cards in my faux leather wallet.
     
  5. liavman macrumors 6502

    Joined:
    Sep 22, 2009
    #5
    Chase could have had one more person ( me ) if only they allowed the specific Chase Visa Card ( business card ) I use everywhere. Oh well, CITI Visa card got that spot.

    I also wish more places accept Apple Pay. Whole Foods and Walgreens are the only places I have used it. Given how convenient it is, I wish restaurants and gas stations take it. Frequency wise, that is my top two swipe merchants.
     
  6. spectrumfox, Feb 24, 2015
    Last edited: Feb 24, 2015

    spectrumfox macrumors 6502a

    Joined:
    Oct 18, 2013
    #6
    Yow... the pure defensiveness in your post is scary.

    Instead of concentrating on praising Apple for their good job, you have to immediately bring up their competition and squeeze in a jab. Even though Google Wallet's overall adoption is not the fault of Google at all, but the fault of the cell phone carriers who made every attempt to block it for the last four years.

    Android's success seems to affect you in a very personal way, so much you feel you need to lash out at them unprovoked. It's very obvious, you may want to dial it back a bit.

    I know this is a Mac fan site and all, but try to show a little maturity.
     
  7. ViperDesign macrumors 6502a

    ViperDesign

    Joined:
    Aug 7, 2007
    Location:
    Utah
    #7
    I never understood why people like you say this, do you understand that all of the phone companies except TMobile blocked their application? Do you understand that you can't get a foot in the door if they keep it locked and guarded 24/7?

    Geez, get over yourself and your apple fandom
     
  8. pnoyblazed macrumors 6502a

    pnoyblazed

    Joined:
    Mar 1, 2008
  9. ViperDesign macrumors 6502a

    ViperDesign

    Joined:
    Aug 7, 2007
    Location:
    Utah
    #9
    Again another misinformed message from someone that doesn't understand why Google didn't have the success apple is having.

    That's okay, APPLE IS AWESOME!
     
  10. Klae17 macrumors 65816

    Klae17

    Joined:
    Jul 15, 2011
    #10
    Google has had four years to go around those problems that apple has shown they can do. Apple pay doesn't rely on the carriers, that is Google's fault and failure. If you can't get your foot in the door, find another door.
     
  11. Amacfa macrumors 68000

    Amacfa

    Joined:
    May 22, 2009
    Location:
    D.C.
    #11
    Ha!
     
  12. spectrumfox macrumors 6502a

    Joined:
    Oct 18, 2013
    #12
    Heh, how quickly you forget that Apple is the one who calls the shots because they bully American carriers into doing whatever they want. But that's beside the point.

    Google has already found another door. They recently bought Softcard, so soon Google Wallet will have support of all four American cell phone carriers. This will allow them to have their app on every Android device sold around the world.
     
  13. kcirtap00 macrumors regular

    Joined:
    Oct 21, 2014
    #13
    That's Google's fault for putting themselves in the position of being at the mercy of the phone carriers. Apple hasn't allowed carrier politics to influence the iPhone since it was launched. Verizon wanted to load iOS with their own bloatware and Apple said no.
     
  14. spectrumfox macrumors 6502a

    Joined:
    Oct 18, 2013
    #14
  15. B2k1977 macrumors regular

    Joined:
    Mar 15, 2009
    #15
    It would be nice if...

    My Google Wallet card worked with :apple: Pay. :D
     
  16. kcirtap00 macrumors regular

    Joined:
    Oct 21, 2014
    #16
  17. sohelpme macrumors member

    Joined:
    Jan 31, 2009
    #17
    Yes. That is EXACTLY how percentages work. If some things account for 58% of a total, then all the rest account for 42%. If it doesn't, you need to go back and redo remedial math.
     
  18. spectrumfox macrumors 6502a

    Joined:
    Oct 18, 2013
    #18
    Oh, of course it doesn't. Market share only demonstrates Android's overall success.

    But, you're right. That hardly means anything... :cool:
     
  19. dec. Suspended

    dec.

    Joined:
    Apr 15, 2012
    Location:
    Toronto
    #19
    I'm glad we have such balanced members like yourself here, otherwise it'd be a total Apple-Fanboy-Fest, but with people like you taking out those fanboys with a sniper-like precision there's nothing to fear :) . Thanks for your contributions so far (and now, finally write something nice about Apple... lol, just joking :) )
     
  20. spectrumfox macrumors 6502a

    Joined:
    Oct 18, 2013
    #20
    I paid for my McDonalds tonight using my iPhone 6 and Apple Pay. How's that? :cool: :apple:
     
  21. macduke macrumors G4

    macduke

    Joined:
    Jun 27, 2007
    Location:
    Central U.S.
    #21
    I've only used it a few times but it was kinda fun and simple to use. Retailers are going to be the biggest roadblock to this with them wanting to collect every last piece of information about us. That's why I'm worried Google will ultimately win: they will give them everything for market share because they are market share whores. Even though they make more money off of iOS users than Android, they still keep at it.
     
  22. dec. Suspended

    dec.

    Joined:
    Apr 15, 2012
    Location:
    Toronto
    #22
    I'm a foodie, go away. :(
     
  23. Teste macrumors 6502

    Joined:
    Jan 8, 2011
    #23
    Where is the graphic showing how Apple pay users include significantly more hipsters than the non users? :eek::rolleyes:;)
     
  24. kcirtap00 macrumors regular

    Joined:
    Oct 21, 2014
    #24
    Where to begin....

    Its an old example but Ford vs Ferrari. Clearly one is better than the other even though Ford market share is significantly higher.

    Time and time again its been shown that iPhone users spend more on apps and services which is why they are targeted first by developers instead of android users. Should success be measured by how many people have androids but don't use them for anything?

    Apple's revenue is at a worldwide record high (with smaller market share). And Android phone manufacturers like Samsung are tanking. Does making little profit constitute success in your book?
     
  25. BvizioN macrumors 601

    BvizioN

    Joined:
    Mar 16, 2012
    Location:
    Manchester, UK
    #25
    So let me guess. Every single company, including some supermarkets makes cheap plastic phones/tablets and slaps on them a free OS called Android, and put it on a market for cheaper then an evening meal with a glass of wine, and because all this trash in a world is sold on a bigger number then the products of a single company who sales premium products, its called success???

    Yeah, right. Whatever makes you happy :)

    So, was it impossible for Google do do it in the way Apple did, and before Apple did? Or it had to wait four years until Apple made it relevant?
     

Share This Page

58 February 24, 2015