wallet

Apple may shake up the next version of iOS with the introduction of a true mobile wallet, forecasts Morgan Stanley analyst Katy Huberty.

Dubbed a "killer app" by the analyst, the mobile wallet feature would surface as part of iOS 7, which Apple is expected to preview at its Worldwide Developers Conference in June.

Huberty's prediction echoes that of fellow Apple analyst Gene Munster, who also thinks a digital wallet is in Apple's future. However, Munster believes the technology won't surface on iOS devices for another year or two.

Apple got its feet wet in … Read more

Apple may finally step its toes into the digital wallet world over the next year or two, forecasts Piper Jaffray analyst Gene Munster.

The analyst believes a payment option for iOS users may launch with the iPhone 6 in the first half of 2014. Apple will use a technology other than or in addition to near-field communications (NFC), but its system will work with existing mobile payment solutions.

The company already has one major asset ripe for a digital wallet system -- its users.

Apple holds the key to around 500 million iTunes users and their linked credit cards, which … Read more

Digital wallet operators, like Google, PayPal, and others, should be charged a fee for offering such a service, according to Visa CEO Charlie Scharf.

Speaking at the Barclays Emerging Payments Forum yesterday, Scharf said "it is totally appropriate" for credit card companies to charge digital wallet operators a fee on all transactions, according to Reuters, which was in attendance.

Scharf's comments come after eBay revealed in a February regulatory filing that MasterCard was planning to charge it a fee for its digital wallet service starting in June. The actual amount PayPal pays isn't expected to be … Read more

Consumers may one day ditch their plastic credit cards, but that doesn't mean that they'll abandon their credit card companies.

In fact, the move from a leather wallet to a digital one could be a boon for companies like Visa, Mastercard, Discover and American Express.

Digital wallets, which allow users to store their credit cards, retail loyalty cards, coupons and even tickets in digital form on a mobile device, have been one of the most talked about emerging segments of the mobile market. Everyone from Google to Apple to Microsoft to PayPal to wireless carriers and even retailers … Read more

Samsung is taking its cue from Apple for a new mobile app.

Dubbed Wallet, the app is basically Samsung's version of Apple's Passbook. As described on the app's API page for developers, the app "allows users to store and manage event tickets, boarding passes, membership cards, and coupons all in one place."

The app lets providers integrate their apps with Samsung Wallet so that mobile device users can add their electronic tickets and coupons. Those tickets display bar codes that can then be scanned at terminals. Demoing the app at Mobile World Congress today in … Read more

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This week on Crave, William Shatner has some choice words for J.J. Abrams, and we toss one back in the greatest drinking game ever invented. Cheers! Plus, we dodge a bullet the size of a football field as an asteroid nearly collides with Earth. Phew. … Read more

Wallets usually aren't the most exciting accessories. They hold your money and cards in place and pretty much stay quietly out of sight. If you have a Sonic Wallet, however, your wallet will be making a racket every time you open it.

Sonic Wallets come in eight flavors: American flag, baseball, Buddha, drum machine, Jesus, moolah, The Scream, and Shakespearean insults. A small sound device in the Tyvek wallet is triggered on opening. The American flag wallet plays "Stars and Stripes Forever" and "The Star Spangled Banner." The Jesus wallet gives you the sounds of harps and angelic choruses.… Read more

The digital wallet has been anointed by many as the future of payments. In the present, however, virtual-pay apps remain largely untouched and misunderstood.

Only 51 percent of U.S. consumers are even aware of digital payment providers other than PayPal, and a teeny-tiny percentage of people -- 12 percent spanning all brands -- have actually used applications such as Google Wallet, MasterCard PayPass Wallet, or Square Wallet, according to a new study from analytics firm ComScore.

ComScore analyzed data from a panel of 1 million U.S. consumers and two separate surveys of U.S. Internet users in November … Read more