Apple Pay to rival PayPal with person-to-person payment systemNovember 12, 2015 - 22:11 AMT PanARMENIAN.Net - Apple is reportedly discussing the possibility of developing a person-to-person payment system, meaning people could directly transfer money between devices, Digital Spy said. The Wall Street Journal is reporting that the company is in talks with U.S. banks including J.P. Morgan Chase & Co., Capital One Financial Corp., Wells Fargo & Co. and U.S. Bancorp. It would also put them in competition with PayPal's mobile payment service Venmo. The service would allow device users to transfer payments from their accounts through Apple devices. It will likely employ Apple Pay, which launched last year in the U.S. and this year in the UK. Apple Pay stores a secure, digital recreation of your bank card on an iPhone, which allows you to make in-store transactions through tapping a handset terminal. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |