Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Samsung Pay

Opportunities

Chase Freedom Giving Cash back on Android Pay and other Digital Wallets

Walmart Pay users will not get cash back by paying with Chase Freedom, but they can get 5% Cashback by using Chase Pay at Walmart. Walmart (NYSE: WMT), America’s retailer accepts Chase Pay because it is a quick-read (QR) code based application like Walmart Pay. Although Chase Pay users can get 10% cash back at Walmart; if they pay with the Chase Sapphire or Freedom Unlimited Cards, before December 24, 2017, Nerdwallet reported.

Read More
CryptocurrencyOpportunities

Visa and the Value in Payments

Nor are mobile wallets such as PayPal, Apple Pay, Walmart Pay, Android Pay, Samsung Pay, and Alipay, automatically a threat to Visa’s business.

Only 16% of Americans said they had used a mobile wallet in 2015, a JPMorgan Chase survey indicates. The same survey found that only 56% of large businesses and 25% of small businesses were accepting payments from such mobile wallets.

Read More
Cryptocurrency

Apple Pay can be hacked

It is possible for hackers to steal the Apple Pay “payment token” using public Wi-Fi or a fake Wi-Fi hotspot that asks users to create a profile. In other they can crack Apple Pay by using a time tested hacking tactic called Wardriving.

Read More
Cryptocurrency

Android Pay Ads American Express in Canada, Samsung Pay adds PayPal

France’s major banks are refusing to support Apple Pay, TechCrunch reported. Only two French banks; Caisse d’Épargne/Banque Populaire (it’s the same company) and Carrefour Banque, currently support Apple Pay. That’s bad because France is the only major Eurozone nation where Apple Pay is available.

Read More
Opportunities

Samsung Pay in India, Apple Pay in Ireland, Apple Pay might be coming to Belgium and Italy

Apple Pay launched in Ireland on March 7, Apple Insider reported. This means it is now available on the entire island. IPhone users can already use the app in Northern Ireland, which is part of the UK.

Read More
Opportunities

Microsoft Reveals its Answer to Apple Pay

So far you can only access Visa (NYSE: V) and MasterCard (MA) through Microsoft Wallet. American Express and Discover are not mentioned at its website. Just eight banks are mentioned but only two major US banks accept it; Bank of America and US Bank. One major Canadian Bank TD Bank is also mentioned at the website. Chase is listed there as coming soon

Read More
Market Wisdom

Some Great Alternatives to Checking

It is possible to survive without a checking account; and even live a fairly normal middle class life in modern day America. There are actually a wide variety of excellent alternatives to checking out there.

Read More
Opportunities

The Big Payment App Battle: NFC vs QR Code

The real conflict in brick and mortar app payment is that there are two very different technologies in widespread use. This makes systems incompatible and effectively drives a wedge between the different companies offering payment solutions and their customers.

Read More
Market Insanity

Chase’s Big; and Possibly Desperate, Gamble on Mobile Payment

Chase has become the first bank to go live with a mobile payment solution similar to Apple Pay; Chase Pay. The Chase Pay website is now live; although the solution itself is not yet accepted in any retailers. Instead the digital wallet supports a number of lesser online retailers; including Harry & David, and 1-800 Flowers, in what looks suspiciously like a beta test.

Read More
Long IdeasStocks

Current C is dead, Walmart building own Payment Ecosystem

t looks as if Current C is probably dead, but at least two major new payment apps are rising from its ashes. Both Walmart Pay and Chase Pay have the potential to be far larger than Apple Pay, which is bad news for Apple Inc. (NASDAQ: AAPL). Those brands and not Apple Pay could be the future of payment.

Read More