Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

Post by kogepathic » Wed, Jul 27, 2016, 6:21 AM UTC

pokstad wrote: post #56

el_benhameen wrote: post #45

When 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 automa…

Post by LaSombra » Wed, Jul 27, 2016, 6:22 AM UTC

kogepathic wrote: post #61

pokstad wrote: post #56

Earlier quoted context omitted.

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 automa…

> I bet this credit card insertion issue is going to become a case study for business students everywhere in a couple of years. Maybe in America. In the rest of the world, we have had chipped cards for years (Canada, Europe) and people don't have a problem using them.

Post by jonathankoren » Wed, Jul 27, 2016, 6:24 AM UTC

josephpmay wrote: post #13

oggedintocom wrote: post #7

It's interesting reading about chip+pin and contactless payments in the US - in Australia 95%+ of transactions are chip+pin, and 70% of that (almost all transactions under $100) are contactless. The system isn't perfect, and anecdotal stories from LEOs indicate fraud has risen due to the low friction of contactless transactions, but obviously it's not too big a problem for the banks to wear (as all fraudulent contact…

The US Chip + Signature system is 1000x worse than the Chip + Pin systems I've experienced in any other contry

Post by pilif » Wed, Jul 27, 2016, 6:25 AM UTC

tomcorrigan wrote: post #60

pilif wrote: post #14

Here 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?

Post by stormbrew » Wed, Jul 27, 2016, 6:26 AM UTC

chmars wrote: post #28

stephenr wrote: post #21

I kept my Australian bank issued Visa card for a while when I first moved to Thailand, and used it while we were getting stuff set up locally. Even though it's never presented locally, with that card cashiers would often get the "sign or pin" prompt on the terminal, and then ask me (or gesture if their English wasn't great), and I'd usually pick pin, which would then produce a slip with "No signature required" printe…

Signing actually helps against fraud: Signatures can be compared, PINs cannot – and you can be made liable … :(