Techmeme
September 12, 2014, 6:35 PM

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 Pay transactions: Bluetooth, in-app purchases charged “card-not-present” rate; card networks generate tokens  —  Here's How the Security Behind Apple Pay Will Really Work  —  Apple Pay was introduced by the giant technology company only three days 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.
Dan Primack / 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 …
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” …
Roger Cheng / CNET:
AT&T plans to offer Wi-Fi calling in 2015  —  AT&T's Ralph de la Vega also said he expects customer turnover to remain low in the third quarter.  —  AT&T will embrace Wi-Fi calling in 2015.  —  That's according to Ralph De la Vega, CEO of the company's mobility and enterprise business.
Frederic Lardinois / TechCrunch:
Google Offers Early-Stage Startups $100,000 In Cloud Platform Credits For 1 Year  —  If you are an early stage startup, Google wants to give you $100,000 in Cloud Platform credits for one year so you can host your applications on its servers (and not on AWS or Azure).
Wall Street Journal:
Facebook is trying to lure YouTube's biggest content creators, discussing advertising  —  Facebook Tries to Muscle In on YouTube  —  Social Network Makes a Pitch to Lure Content Creators, Discusses How Ads Might Be Used  —  In what may be another signal that Facebook Inc. wants to take on YouTube …
Tom Warren / The Verge:
Windows 9's new Start menu demonstrated on video  —  Microsoft may have demonstrated its new Start menu earlier this year, but thanks to a recent “Windows 9” leak we're now seeing every single part of the company's plans for bringing back this popular feature.
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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