
Pay for drinks via mobiles
Starbucks is incorporating Apple’s Passbook app from the end of September, according to reports. This means that the coffee giant will integrate its existing Starbucks digital payment card into the new app for users to pay for their hot drinks. To use the service, customers can scan a barcode that appears on the user’s smartphone display over an optical reader in-store.
Passbook, a feature of Apple’s newly released iOS 6, is a mobile wallet that allows iPhone and iPod touch users to keep frequently used cards at their fingertips. Starbucks has been using similar technology for over a year, which allows its customers to store money on a Starbucks card that is loaded into a smartphone app available for both iPhone and Android phones. Starbucks’ customers can pay for their coffee by scanning the barcode that appears on the user’s smartphone display over an optical reader at Starbucks.
The news follows the deal American Express struck with Apple application.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more