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 | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |