UPDATED 04:43 EDT / MAY 28 2015

NEWS

Report: Apple to introduce Apple Pay rewards program at WWDC in June

As is customary, Apple will announce new features and product enhancements at next month’s Worldwide Developers Conference, slated to kick off on June 8. One of the announcements, according to a report from The New York Times Wednesday, is a rewards program rolled into Apple Pay.

[…] analysts have noted that a missing piece from Apple Pay was a rewards program to keep users returning to participating merchants. People familiar with Apple Pay said that next month, Apple will announce such a program offering perks to consumers who make purchases with the service, though they declined to reveal details.

The report, which focused on Google and Apple’s respective mobile payments strategies, gave no further details of what an Apple Pay rewards program could potentially entail.

CurrentC, a rival mobile payments provider, supports loyalty and rewards cards directly in its app, allowing users to add charge cards and rewards cards to the app for ease of use.

Apple, by contrast, only lets users store loyalty and rewards cards in Passbook – making for a less elegant solution with no direct access from Apple Pay.

Judging by the wording in the report, Apple may extend its offering to include some form of rewards system directly linked to users’ Apple Pay transaction. These could include cash refunds, loyalty points, or more.

Google is slated to launch Android Pay, its API for third-party app developers to include mobile payments in apps, at the company’s I/O developer conference this week. The platform is said to support loyalty and rewards programs natively.

Apple Pay is also gaining support for Canadian financial institutions in iOS 9, according to a report from 9to5Mac earlier this week. This seems to indicate that Canada will be the first country to support Apple Pay outside the U.S.

Screenshot: SiliconANGLE via apple.com

A message from John Furrier, co-founder of SiliconANGLE:

Your vote of support is important to us and it helps us keep the content FREE.

One click below supports our mission to provide free, deep, and relevant content.  

Join our community on YouTube

Join the community that includes more than 15,000 #CubeAlumni experts, including Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger, and many more luminaries and experts.

“TheCUBE is an important partner to the industry. You guys really are a part of our events and we really appreciate you coming and I know people appreciate the content you create as well” – Andy Jassy

THANK YOU