... and an increasing portion of the fraud. Apparently CHIP+PIN is making POS fraud harder so theives are moving to Apple Pay. Unfortunately I don't have details on how they use Apple Pay. It might be all social engineering for all I know.
Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
51–60 of 113 posts
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#52Earlier quoted context omitted.
Thailand is a massively cash based society, especially with that whole "nobody pay their taxes" thing. Credit card are mostly used to take money out of the atm.
Yeah, I'm aware of that aspect, but I've never been anywhere else where the staff can't follow a simple instruction (No signature required) because they are so ingrained that card === signature. Also, for the younger generation (i.e. 20s/30s) I think credit cards are much more popular than their parents generation - my sister-in-law and her husband (both Thai, so not influenced by western approach) use cards most pla…
Canada is like that. Few times it's printed out a signature slip the cashier looked as if I just tried to rob them.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#53I think the main reason I started using Apple Pay in my regular shopping is because paying with chip takes so long to process. Sometimes it can take 20-30 seconds for the chip transaction to complete at the grocery store, while Apple Pay takes 5 seconds or less.
I really miss the speed of magstripe payments.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#54I think the main reason I started using Apple Pay in my regular shopping is because paying with chip takes so long to process. Sometimes it can take 20-30 seconds for the chip transaction to complete at the grocery store, while Apple Pay takes 5 seconds or less. I really miss the speed of magstripe payments.
Is so slow the chip processsing in the USA? Here in Spain is very fast
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#55Here in Switzerland, nearly every terminal supports contactless payments and Apple Pay has launched ~1 month ago. Yet, next to nobody uses it because it's generally not available even though it has officially launched: Nearly all of the banks here are boycotting it and are pushing their own mobile payment startup [1] which also has much worse usability and was initially launched by the Swiss post, a company that stil…
New Postcards ship with 6 digit PINs, so there's a little progress there. Twint feels like a step back though...
Verivox made a survey* about Swiss credit cards supporting Apple Pay, I've just ordered a 'Simply VISA Card'. Apple Pay is the reason that I'm actually paying for a credit card for the first time.
* = https://www.verivox.ch/nachrichten/welche-schweizer-kreditka...
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#56When I first got an iPhone with Apple Pay, I felt ridiculous pulling it out to buy groceries. It felt gimmicky, like I was showing off. That changed when my grocery store started requiring chipped cards to use the chip. AP easily shaves 20-30 seconds off the transaction. I can pay while items are still being scanned, I don't have to remember to remove the card, and the auth process is just faster. Works well enough f…
Can't upvote this enough. The new "insert card" bullshit is a perfect example of a small group of powerful companies having a monopoly and being completely out of touch with the wants of their users. We took an obsolete magnetic media that worked fast and efficient and somehow made the user experience much worse. Top that off with the fact that fraud protection is much better on credit card purchases thanks to automated data analysis and we end up with an inferior product that didn't really need to be upgraded in the first place. I bet this credit card insertion issue is going to become a case study for business students everywhere in a couple of years.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#57I think a better market to look at for contactless payments is Australia. Over here we use them for everything . Apple pay has just started rolling out and pretty much 95% of places I've shopped/eaten at support it. If you're curious about adoption rate, it's a good case study as there's an existing contactless credit card system already in place.
The problem is that it's just more fiddly to pay for things using my phone than my card, which makes the use case pretty small (times when I have my phone but not my wallet). I do like that once I've linked my card to Samsung Pay I get instant transaction notifications whether I actually pay with my phone or with my card though.
It is more fiddly, but it's also considerably more secure. I prefer it for that reason, and intend to disable tap on my cards soon, using them only as chip cards when tap isn't supported.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#58I think a better market to look at for contactless payments is Australia. Over here we use them for everything . Apple pay has just started rolling out and pretty much 95% of places I've shopped/eaten at support it. If you're curious about adoption rate, it's a good case study as there's an existing contactless credit card system already in place.
edit: this is all wrong: The Australian banks make a lot of money off interchange fees. Apple wants a cut of the interchange fee to get access to Apple Pay (which is what ANZ did recently). This has slowed the Apple Pay rollout, but not because banks don't want to share the fee. By all accounts, the banks do want to be on Apple Pay, but each bank wants to give Apple the same cut as its competitors do (or at least, no…
You are pretty much totally wrong. Australian banks make much less from interchange fees than their US counterparts. Apple wanted the same fee in Australia as it collects in the US. With interchange fees being smaller in Australia this cut represented a much bigger portion of the total fee. The banks here have also already invested a lot of money and effort in driving contactless payments by issuing all cards with the technology for at least the last few years plus providing the payment terminals. They therefore think Apple is providing less value than in the USA and should thus be entitled to a smaller cut when an Apple Pay transaction happens.
When they banks applied to the competition regulator for permission to collectively bargain with Apple they specifically undertook to negotiate about fees individually. What the banks want to collectively negotiate is access to the NFC hardware on Apple devices so they can provide their own digital wallets and bypass Apple Pay.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#59I haven't used cash in Australia in the past year. Contactless payments on any purchase under $100 is dead simple and it's a lot easier to tap a bit of plastic that authenticate and use a phone.
I find it's useful to stick to cash as a budgeting measure. It's too simple to lose track of how much you're spending when the amounts are effectively invisible. I'll make a cash withdrawal and then try to make it last without contactless payments.
Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments
#60Here in Switzerland, nearly every terminal supports contactless payments and Apple Pay has launched ~1 month ago. Yet, next to nobody uses it because it's generally not available even though it has officially launched: Nearly all of the banks here are boycotting it and are pushing their own mobile payment startup [1] which also has much worse usability and was initially launched by the Swiss post, a company that stil…
> Swiss post, a company that still thinks that a 4 digit pin on their debit card is good enough
How many examples can you provide of a 4 digit card pin being brute forced? Is there any other scenario where a 4 digit pin has been compromised but a 6 digit pin would be safe?