Weekly Highlights: Apple Pay Gets Rewards, Disney Expands Movie Deal And More
It seems a week can't go by without another story relating to Apple Inc.'s (NASDAQ: AAPL) mobile payment solution. This week was no different.
Meanwhile, Walt Disney Co (NYSE: DIS) announced that consumers can buy movies on iOS and play them on Android devices -- and vice versa.
Microsoft Corporation (NASDAQ: MSFT) made waves with a major Office announcement.
WeSwap showed how it can change the way consumers exchange currencies.
And Snapchat might be on the verge of several very promising partnerships.
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Apple Pay Rewards Provider Says 'Thanx!'
Apple Pay continues to draw attention from consumers and bloggers alike, but this week's news is much more encouraging than the retailer ban that occurred last week.
Thanx, a loyalty and retention marketing company, announced this week that it is now compatible with Apple Pay.
"One of the key elements of Apple Pay -- and kind of the brilliant stroke on Apple's part -- is that they built the entire system on top of the existing payment infrastructure," Zach Goldstein, founder and CEO of Thanx, told Benzinga.
Disney Dropped Exclusivity, Brought Movies To Android
Disney already sells movies for a wide variety of platforms. Up until now, consumers couldn't purchase a movie on an iPhone and watch it on an Android device.
This change got a lot of media attention, but analysts weren't overly impressed.
"You have a content owner that has struck a deal with these two [companies] and has made the contract as such that there's no exclusivity," James Norman, founder and CEO of GroupFlix (an online streaming platform), told Benzinga. "Content owners are going to continue to push for no exclusivity because they need to be on every device."
Buying Currency Got A Lot Cheaper
Currency traders still have to rely on existing exchanges, but travelers now have a way to swap currencies with other individuals, thanks to WeSwap.
"As a traveler, consumers are really forced to pay very large fees to exchange currency," Jared Jesner, founder and CEO of WeSwap, told Benzinga.
"Being an ex-currency trader, I was very aware of what the [rates] were and what I was being charged. I grew very frustrated as a traveler. I've been charged a very high exchange rate and the hidden fees that they apply."
Microsoft Made Office Available For (Virtually) Everyone
Snapchat Can Change Media, But It Must Disrupt The Industry First
Snapchat -- the startup that couldn't be bought -- is rumored to be partnering with a number of key companies, including Spotify and ESPN.
Is this the company's path to success and monetization?
"I think the only way that Snapchat can really succeed and do really well is if they disrupt or hurt Instagram and/or Pinterest," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga.
"Probably more Instagram because Instagram is so popular. If they can't hurt Instagram, then they probably won't do well and fade away."
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