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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |