“They can’t stop talking about Apple Pay,” Olga Kharif and Elizabeth Dexheimer report for Bloomberg. “The mobile-payment service announced by Apple Inc. last month will probably drive discussions and new-product announcements at tech-industry conference Money20/20, which kicks off today in Las Vegas, said Richard Crone, chief executive officer at researcher Crone Consulting LLC. ‘They might as well call it Apple Pay20/20,’ Crone said in an interview. ‘It will dominate the conversation and have an honorable mention in every presentation.'”
“Representatives of technology companies, retailers, banks and payment networks attend the four-day conference. A crowd of about 7,500 is expected, including more than 750 CEOs,” Kharif and Dexheimer report. “The conference will be ground zero for competing mobile-payment firms, many of them rolling out new products and features. CU Wallet, operator of a mobile-payments platform for credit unions, will announce that its service due out next year can work the same way Apple Pay does — with consumers tapping a phone on an in-store terminal, Chief Executive Officer Paul Fiore said in an interview.
Kharif and Dexheimer report. “‘It was prompted by Apple Pay,’ Fiore said. ‘It’s Apple’s branding, it’s Apple’s relationships, it’s Apple’s customers. In the banks’ environment, you’ll see banks’ products.'”
Read more in the full article here.