171–180 of 778 posts
Highlights: - 2% on all Apple Pay purchases - 3% on Apple purchases. - Zero fees - Virtual card numbers - Privacy
>- Virtual card numbers can you create your own?
You would not be able to "choose" a vanity number of your own choosing besides being really insecure but also because CC numbers have to fit an algorithmic pattern to be valid: https://en.wikipedia.org/wiki/Luhn_algorithm
I am impressed, however this any some of the other products announced are just a pinata for anti trust advocates. however this product to me is the premier product of the event. finally someone is taking credit card use to the next level in both usability, features, and security. Most important is the level of privacy they are offering. Now if the three percent discount holds true it will be the defacto means of purc…
Earlier quoted context omitted.
Re: Privacy: Cash is the most privacy friendly payment method. Followed by virtual credit cards, which aren't really that private but an improvement over the usual. Here with Apple Card, even if Apple might not choose to centralise your payment data, the underlying network (MasterCard, in this case) most certainly can know where you spent it, and vendors at point of sale can keep track of it too.
They know that SOMEONE spent money at a location, they won't know who it was.
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Yes. I'm so sick of businesses relying on people not cancelling to exist, and thereby making their calcellation process as time consuming and obtuse as possible to reduce consumers chances of cancelling. Consumers should be able to just NOT pay for a service, and then it's on the service-provider to turn off the customer's access. I can't tell you the amount of services I've past up on simply because I don't want to…
Does their data remain though? If it does then your data would still be in danger of hackers if said business got attacked, etc. Aren't businesses supposed to treat customer data as liabilities now? Some consumers would want complete removal of their data after deciding not to continue paying for service.
how about this - I dont use my cards that often - maybe 20 times a week. i'd be much happier if i got a notification through a side channel with a proposed charge and I could click 'yes' or 'no'.
it makes alot more sense to me than having to poll my account to look for potential fraud and argue with the bank about re-issuing a card with a new number.
wouldn't that be simple? i understand that for some usage patterns that would be inconvenient.
the broader point is that I shouldn't need to expose personal information just to buy a tea towel, I shouldn't even have to give you my email address so you can start sending my helpful hints about how awesome your other products are.
I am impressed, however this any some of the other products announced are just a pinata for anti trust advocates. however this product to me is the premier product of the event. finally someone is taking credit card use to the next level in both usability, features, and security. Most important is the level of privacy they are offering. Now if the three percent discount holds true it will be the defacto means of purc…
I imagined Elizabeth Warren in a fit of rage sitting in her office watching the livestream.
There was a big emphasis on privacy. Apple does all the categorization and geolocation on device. There was a slide dedicated to the point that Goldman Sachs will never share the data with advertisers. But no word on MasterCard. Will they share the data, is that their business?
Plus there are normally other companies involved when a transaction is settled later, like First Data.
> get a digital card that they can use anywhere Apple Pay Apply Pay users: how broad is Apply Pay adoption? Is this a viable replacement for a VISA, Mastercard or AMEX? I'm intrigued by the privacy angle to this, seeing as VISA and Mastercard apparently share and/or sell a lot of transaction data with/to third parties. Edit: The article has been updated: As rumored, Apple is partnering with Goldman Sachs for Apple Ca…
I use Apple pay wherever possible. It is far quicker and more convenient than either cash, chip card or swipe in that order. Besides convenience, security and privacy are the backstop for my usage. I just trust Apple more to not be sleezy with my transaction history.
cash is the most convenient secure and private form of payment. applepay if i run out of cash or its a larger transaction. chip (in the US) is hobbled by stupid UX (insert card, tap random buttons, sign, etc.), so swipe is usually quicker and more reliable. i never use debit.
I don't thing it is healthy to have big entities like this control fundamental services like payment processing. How long before the opaque governance of the App Store is applied to their payments offering? How long before activists start making this a new vector for deplatforming? Apple also announced a news offering ( https://www.techradar.com/news/apple-news-plus ) and I think the same concerns apply there.
Just allow me to create as many 'virtual' credit cards from a single card and that's enough. Every single provider that promised that feature has either underwhelmed, or gone out of business.
Apple Pay already does this via the "EMV Payment Tokenisation Specification":
* https://en.wikipedia.org/wiki/Apple_Pay#Technology
Anyone can implement it; it's not Apple-proprietary.