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

fortune.com

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

#91

Post by mmmBacon »

zensavona wrote: post #79
jjcm wrote: post #11

I 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.

I live in Australia and since we already have contactless payments everywhere I don't understand the benefit/s Apple Pay provides over tapping my card on the terminal. Am I missing something?

Yep. Apple Pay uses a one time authorization code and not your card numbers, etc... The merchant does not get your card number or name. They can only use that authorization code for one transaction. Even if your PIN is stolen, the thief still cannot access your account.

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

#92

Post by lloeki »

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…

Same here in France, Apple Pay is launching against a user base that is very welcome to using NFC payment by debit card, banks that are trying to launch their own broken mobile payment solution as a paid option, and mobile operators that require special SIMs and apps that you must at best sideload if they're outright not requiring a device bought from the operator store with a custom firmware. Oh and there's Fivory, the startup that's obviously better because it's French (you know, like french cars, French people are overly infatuated with home-made stuff).

Hopefully Android Pay comes soon, so that most mobile phones get a ready to use native solution and all this crap gets swiped under the rug.

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

#93

Post by lostsock »

mmmBacon wrote: post #91
zensavona wrote: post #79

Earlier quoted context omitted.

I live in Australia and since we already have contactless payments everywhere I don't understand the benefit/s Apple Pay provides over tapping my card on the terminal. Am I missing something?

Yep. Apple Pay uses a one time authorization code and not your card numbers, etc... The merchant does not get your card number or name. They can only use that authorization code for one transaction. Even if your PIN is stolen, the thief still cannot access your account.

Contactless cards do exactly that. There is no advantage in using Apple Pay

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

#94

Post by lostsock »

batiudrami wrote: post #40
honkhonkpants wrote: post #22

Earlier quoted context omitted.

Experience here is the complete opposite. When I buy a coffee I hand the guy a few bucks and leave. If the clown in front of me starts waving their iPhone at the terminal, I start rolling my eyes and tapping my fingers.

Tipping probably has something to do with this. On US EFTPOS terminals you're prompted to add a tip/percentage/cash/okay/okay/okay/pay with card. In Australia you're given a total, the cashier sees the card in your hand, asks "Paypass?", and bang, it's done. Entire transaction is over in Additionally, the lack of tipping means that people who pay with cash expect their exact change back and will wait for it, or will…

10 seconds would be the extreme end of things. Most of the time it takes more like 3 or maybe 4.

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

#95

Post by egeozcan »

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.

I live in Germany and I think this could be simplified:

- Items are scanned

- The cashier tells you the amount

- You mention that you'll pay with your card, usually showing it is enough too

- The cashier activates the chip scanner

- You insert your card to the reader

- Wait a second or two, the screen changes to "Enter PIN"

- You enter your PIN and press the green button

- You wait around 5 seconds and hopefully it says "{success_message}\n\n Please remove your card"

- You remove the card and put it back to your wallet

- Receipt is printed, the cashier discards it if you don't take it. Sometimes they ask if you want to take it.

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

#96

Post by Xiol »

zensavona wrote: post #75
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…

Aren't you able to just tap your chip card on the terminal without a pin for purchases less than ~$100? I live in Australia and this is literally everywhere.

It's the same here in the UK.

Contactless cards are on the rise here and are incredibly convenient - moreso than Apple/Android pay, IMO. You don't have to wake a card up to use it and the batteries never run out!

http://www.theukcardsassociation.org.uk/contactless_contactl...

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

#97

Post by rimantas »

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…

Wow, this is first time I see someone claiming that chip is inferior to magnetic stripe on card. I don't even remember when I had to use magstripe… But I do remember cashiers swiping cards repeatedly and then putting them into the plasctic bag so they could be read. Zero problems with chip.

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

#98

Post by kyriakos »

exabrial wrote: post #77
kogepathic wrote: post #61

Earlier quoted context omitted.

> 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.

Keep in mind, we don't have chip-and-pin like you have. We have chip-wait-print-find-a-pen-then-sign-a-paper :( I'd totally be hapaying with chip/pin

I haven't done that in so long I forgot how it used to be in the past..

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

#99

Post by robin_reala »

zensavona wrote: post #75
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…

Aren't you able to just tap your chip card on the terminal without a pin for purchases less than ~$100? I live in Australia and this is literally everywhere.

£30 in the UK, $52 AUD with a standard card. There’s some talk that Apple Pay might become effectively unlimited because it’s backed up by a biometric token too.

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

#100

Post by krolley »

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…

At the moment Apple Pay have only two supporting banks: Swiss bankers and Corner. Now that Twint and Paymit are merging, they have most major banks and shops (Credit Suisse, Postfinance, Raiffeisen, UBS, ZKB, Migros, Coop, Swisscom) behind them, so I think Apple will struggle. Also, unlike other markets I think Switzerland has a very low usage of contactless payments. I rarely see anyone use them but maybe that will change with the rise of Twint (e.g putting little Twint signs next to every terminal).
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