Techmeme
September 13, 2014, 5:30 AM

Top News

Nathaniel Popper / New York Times:
Apple Pay charged a lower transaction rate by banks than typical for credit card transactions, won't be accepted by Walmart and Best Buy  —  Banks Did It Apple's Way in Payments by Mobile  —  JPMorgan Chase's chief financial officer, Marianne Lake, took the stage at a financial conference …
Ian Kar / Bank Innovation:
Apple Poaching Talent from AmEx, PayPal, Google — for Loyalty Program  —  Apple has been filling out its payments team for the past few months, poaching a number of executives from PayPal, American Express, and others - but not just to prep for Apple Pay's launch this week.
More: FinextraThanks:@iankar_
Josh Lowensohn / The Verge:
Tim Cook on Charlie Rose: no plans for social networking; Apple's top competitor is Google  —  Tim Cook says Apple could have made a bigger iPhone ‘years ago’  —  Apple CEO tells Charlie Rose the company's been patient  —  Apple CEO Tim Cook says the company could have made a larger iPhone long ago …
Ina Fried / Re/code:
iPhone 6 Plus sells out within hours, Apple reports “record number” of pre-orders for new iPhones, AT&T says demand is higher than past two years  —  Larger iPhone 6 Plus Sells Out, “Record Number” of iPhone Pre-orders  —  Yep, lots of people tried to order new iPhones as pre-sales began just after midnight on Friday.
Peter Kafka / Re/code:
Apple Users Download Free U2 Album Two Million Times  —  Some of you do not want the U2 album Apple is giving away.  But lots of you were willing to download it.  Or, at a minimum, your iPhones and MacBooks did.  —  iTunes users have downloaded more than 2 million copies of “Songs of Innocence” …
Fortune:
Square raises $100 million at $6 billion valuation  —  Payments company Square has raised $100 million in new funding at a valuation of nearly $6 billion, according to a Delaware filing obtained by VCExperts.com and shared with Fortune.  —  The San Francisco-based company issued 6.4 million …
Jordan Kahn / 9to5Mac:
Accessory makers hit delays as iPhone 6 production eats up Lightning connector supplies  —  Record shipments of Apple's new iPhone 6 models unveiled this week might mean more headaches for companies building accessories with Apple's Lightning connectors.  Several sources tell us in the lead …
More: TechnoBuffalo and UbergizmoThanks:@markgurman
Chris Ziegler / The Verge:
Motorola's unlocked, unbranded Moto X will be called the ‘Pure Edition’  —  I can think of many, many times where I've called the flavor of Android that ships on Nexus phones “pure Android,” and it looks like Motorola is taking a cue: its direct-sale, unbranded, unlocked Moto X will be called the Moto X Pure Edition when it ships.

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Earlier Picks

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