Market Mad House

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

Android Pay

Uncategorized

1,443 Financial Institutions Accept Apple Pay, Chase Pay at Phillips 66

There is an interesting reason for the widespread acceptance of Apple Pay among U.S. banks and credit unions that many Americans do not realize. Your Uncle Sam is partially subsidizing Apple Pay; by underwriting its insurance costs, through the Federal Deposit Insurance Corporation or FDIC.

The FDIC provides $250,000 in deposit insurance for every depositor at most banks and credit unions. That means it; and not Apple or the bank, might be responsible for the losses that might be incurred if Apple Pay failed or got hacked.

Read More
Opportunities

Does Chick-fil-A Accept Apple Pay?

So it sounds as if some consumers are having trouble using Apple Pay. Although it looks as if more retailers accept Apple Pay than Alphabet’s (NASDAQ: GOOG) Android Pay. Interestingly enough there are a few brands that accept Android Pay but not Apple Pay.

Read More
Market Insanity

Apple Battles Banks in Australia

It looks as if Apple Pay is a niche solution that may never get widespread acceptance. Instead of a massive payment platform like Visa (NYSE: V), Apple Pay may end up as a niche player in payments similar to Discover (NYSE: DFS).

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
Grocery Wars

MasterCard Joins the Payment App Wars

MasterPass looks like a serious contender in the payment wars that has a few advantages over Apple Pay. A big one is the existing MasterCard payment network. One critical step the company has done is to get the big monster banks including BOA and Citi (NYSE: C) onboard. Notably missing is Chase which is pushing its own Chase Pay solution.

Read More
Opportunities

Android Pay in Singapore and at Walgreens

Android Pay is spreading to more retailers and banks in the United States. Its most popular feature will be a rather old fashioned one – the ability to get cash. According to Mashable, some customers will be able to get cash from Bank of America (NYSE: BAC) ATMs using Android Pay.

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
Grocery WarsLong IdeasThriftYou Missed It

Is Current C Dead or Merely Delayed?

The Apple-zombie press is hyping up the Current C “postponement” as a victory for Apple Pay, yet it could be a serious defeat for Apple’s (NASDAQ: AAPL) payment app.

The danger for Apple; and Alphabet’s (NASDAQ: GOOG) Android Pay, is that Big Retail has concluded that app payment is a niche product that will not drive many sales. The retail giants’ executives think that contactless payment is simply not worth the time and effort.

Read More