Will Apple Pay be the tipping point to make people switch their wallets for their phones? Sep 14th

All about Canadian credit cards. Learn the ins and outs and get the latest news.
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BMO eclipse Visa Infinite Privilege changes: Annual fee increased & spending caps now based on category Nov 24th

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RWRDS Daily Update – January 2 Jan 2nd

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January 13 Update: Use Aeroplan Miles for award travel to Cuba, Save up to 35% with Hilton in Asia Pacific & more! + MORE Jan 14th

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Know which perks you’ll use before picking a credit card + MORE Oct 9th

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Disappearing Air Miles rewards and other consumer news you may have missed: The Marketplace cheat sheet Jul 31st

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NEW YORK, N.Y. – Apple wants the plastic credit card to become as rare as the paper check.
On Tuesday, the company announced Apple Pay, a digital payment system that lets people pay for retail store purchases using their phones rather than cash or credit cards. The service, which will work both with iPhones and Apple’s new Watch, is backed by a host of big retailers, along with most major banks and credit card issuers, including Visa, MasterCard and American Express.
So-called contactless payment isn’t new. Starbucks, McDonald’s, PayPal, Google and Square offer their own services, but only a small portion of customers use them. Some experts believe Apple Pay —with its presence on millions of iPhones and its advanced security features— could be the service that leads to widespread adoption of the digital wallet.
Citi Investment Research analyst Mark May believes the sum total of mobile payments could grow from $1 billion in 2013 to $58.4 billion by 2017.
Payment digitization paints an enticing vision of shopping’s future: simply tap your device against a checkout screen and walk away with your new shoes…

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