In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Equally important is the way in which Apple can test the use of Apple Pay at vending machines. If it is successful in USA Technologies’ machines, Apple Pay can be adapted to the Redbox video rental machines, which are found at almost every supermarket in the United States.
Read More
Electronic payment methods like credit cards do involve an obvious physical loss so they lead to less psychological pain. That’s one reason why banks like payment apps; they might lead to more overdraft fees and interest payments and more profits for banks. It’s also why Walmart (NYSE: WMT) was so quick to roll out Walmart Pay, to get people buying more.
Read More
Starting in 2017 customers will be able to use Chase Pay at more than 5,000 Walmart and Sam’s Club Stores in the United States, a Chase press release indicates. Chase users that do not want to wait until then can use Chase Pay through Walmart’s, Walmart Pay app right now.
Read More
Despite the revenue decline, IBM is still making a lot of money. It reported $11.83 billion in net income and a free cash flow of $3.533 billion on September 30, 2016.
Read More
It looks as if expanding Apple Pay’s reach is easier than getting people to actually use it or retailers to accept it.
Read More
That’s what makes it a widows and orphans stock, no matter what happens it will make money for the foreseeable future perhaps the next 10 years or so. This reminds me of another major Buffett investment; Walmart Stores Inc. (NYSE: WMT). Like Apple, Walmart has so much money $483.83 billion in revenues in June 2016; that it can survive what would be catastrophic losses for the average company several times over.
Read More
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
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
Interestingly enough the biggest threats to PayPal among these solutions; will be Chase Pay and Walmart Pay. Apple Pay is not a direct threat to PayPal, because it is a niche product that major retailers are refusing to use. That might change this fall; if reports Apple is planning to offer online payment via Apple Pay for the holiday season are true.
Read More
It looks as if Walmart might become the new leader in the payment solutions industry. One has to wonder how the Apple Zombies will react to that. Will it actually get them to start shopping at Walmart or not?
Read More