Apple will pay one-time bonuses of as much as $1,000 (roughly Rs. 73,710 crores) to store employees next month, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company will give out $1,000 (roughly Rs. 73,710 crores) to retail staff hired before March 31, while those who joined later will get $500 (roughly Rs. 36,840), the report said. ... Read More »
HIGHLIGHTS Garmin Vivoactive 3 is priced at Rs. 24,990 Available via online and offline channels It also offers contactless payment option Garmin on Tuesday unveiled the Vivoactive 3 smartwatch in India. Priced at Rs. 24,990, the new Garmin Vivoactive 3 will be available in select stores of Croma, Helios, and Reliance Digital as well as Flipkart and Amazon. It will ... Read More »
The UK will not pay a 100bn-euro (£84bn) “divorce bill” to leave the EU, Brexit Secretary David Davis has said. He told ITV’s Good Morning Britain the UK would pay what was legally due, in line with its rights and obligations, but “not just what the EU wants”. It comes amid claims by the Financial Times that the settlement sought ... Read More »
Etsy (NASDAQ:ETSY) just announced a further simplification of it’ payment process by allowing buyers to use Apple Pay on the web. Before this announcement, Etsy customers had to use the company’s iOS app in order to use Apple Pay. This of course required having to install the app on the phone. As of now, buyers can use Apple Pay directly ... Read More »
The release of the new iOS 10 was not the only announcement made at the Apple (NASDAQ:AAPL) Worldwide Developers Conference in San Francisco recently. The tech giant said that Apple Pay, Apple’s mobile-payment service, will come to the Web this fall. Shopify, a cloud-based, multichannel commerce platform designed for small and medium-sized businesses, is among the first companies to publicly ... Read More »
Samsung Pay Mini Web Payments Service to Be Launched in South Korea This Quarter Tech giant Samsung Electronics Co Ltd said on Thursday it will launch a mobile web payments service for all smartphones powered by Google Inc’s Android mobile operating system in South Korea in the first quarter. The service, called Samsung Pay Mini, will allow Android smartphones to ... Read More »
BI Intelligence See Also THE PAYMENTS INDUSTRY EXPLAINED: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem Shifting trends and priorities are set to transform the growing mPOS ecosystem THE RETAILER MOBILE WALLETS REPORT: How stores can benefit from developing their own digital payments apps This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more ... Read More »
A US jury Wednesday ordered Facebook and creators of its Oculus Rift to pay $500 million (roughly Rs. 3,370 crores) to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen. The Texas jury made the award in a trial in which Oculus was accused of basing its Rift headset on technology stolen from ZeniMax’s ... Read More »
In 2014, Apple Inc. announced its new mobile payment and digital wallet service, Apple Pay. It allows users to make payments through mobile devices at contactless points of sale and in iOS apps. Through a near field communication (NFC) antenna, a chip storing encrypted payment information, and Apple’s Touch ID and Wallet, Apple devices are able to communicate wirelessly with ... Read More »
Square, the payment solution that allows merchants to accept debit and credit cards right from a mobile device, has just announced its newest product. The announcement came from Square founder Jack Dorsey on Twitter when the CEO shared a link to Square Reader. Square Reader will allow merchants to accept payments from contactless payment systems like Apple Pay as well ... Read More »
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