Apple is just getting started with its payments product Apple Pay. It’s looking like 2015 is going to be a big year for it as more and more institutions and businesses adopt it.
We already learned that Chevron, which already offers it at some of its stores, is planning to introduce Apple Pay support at gas pumps in early 2015.
Now it’s looking like UK banks are warming up to it. The Telegraph reports:
Negotiations between the Silicon Valley giant and at least one of the biggest banks have proved tricky, however, because of wrangling over the terms, including what data Apple will be able to access, according to sources.
It is understood the bank is uncomfortable with the amount of personal and financial information Apple wants to collect about its customers. Some executives fear Apple Pay and the data it delivers to Apple could serve as a beachhead for an invasion of the banking industry.
Meanwhile, New York City is said to be weighing Apple Pay, as well as PayPal and bitcoin, for parking ticket payment. MarketWatch reports:
The city’s finance department is looking into alternative payment methods like Apple Pay, PayPal and Bitcoin for the roughly $600 million in parking ticket revenue it collects annually by issuing up to 10 million tickets.
Square is also expected to support Apple Pay in 2015.
Image via Apple