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I would so tap that?!.....Apple acquires 'Mobeewave' startup......
Posted by: NewtonMP2100
Date: July 31, 2020 08:11PM
.......a startup which created a system that lets shoppers tap a credit card or smartphone on another phone to process a payment......


Apple Acquired Mobeewave, a Startup That Lets Smartphones Accept Payments Using NFC

....Apple has purchased payments startup Mobeewave, which created a system that lets shoppers tap a credit card or smartphone on another phone to process a payment. The functionality could allow iPhones to be used as payment terminals with no additional hardware required.

According to Bloomberg, Apple purchased the startup for approximately $100 million. Mobeewave's technology works with NFC, which is built into all modern iPhones. Mobeewave's website says sending payments with the Mobeewave app is as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a smartphone.

Apple hired the whole Mobeewave team, which includes dozens of employees, and the company is continuing to work from Montreal where it is based. Apple confirmed the acquisition with its typical statement: "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans."

As Bloomberg points out, the acquisition has the potential to allow Apple to compete with companies like Square, which makes hardware that allows iPhone users to accept credit and debit card payments.



tap.....tap.....taping.....on the window........?!



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I reject your reality and substitute my own!



Edited 3 time(s). Last edit at 07/31/2020 08:14PM by NewtonMP2100.
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Re: I would so tap that?!.....Apple acquires 'Mobeewave' startup......
Posted by: Don C
Date: July 31, 2020 09:08PM
I still have one bill a month that requires a check, our cleaning lady. Obviously we would have to both have phones with this capacity, but it would put a stop to that one check. Would be a bonus for her as she would not have to deposit the check.

Well, OK, I still pay some contractors for work on the house by check, but that is irregular.
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Re: I would so tap that?!.....Apple acquires 'Mobeewave' startup......
Posted by: N-OS X-tasy!
Date: August 01, 2020 12:00AM
Quote
Don C
I still have one bill a month that requires a check, our cleaning lady. Obviously we would have to both have phones with this capacity, but it would put a stop to that one check. Would be a bonus for her as she would not have to deposit the check.

Well, OK, I still pay some contractors for work on the house by check, but that is irregular.

Why not pay her via Apple Cash?



It is what it is.
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Re: I would so tap that?!.....Apple acquires 'Mobeewave' startup......
Posted by: Racer X
Date: August 01, 2020 01:55AM
Takes about a minute to deposit a check via your smartphone. My credit union allows access to the first grand immediately too.



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