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Apple announces Apple Card credit card

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Re: Apple announces Apple Card credit card

#181

Post by mrfusion »

siculars wrote: post #34
ckastner wrote: post #4

> 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.

Me too. But isn’t it annoying when gas pumps still ask you to enter your zip code?

Re: Apple announces Apple Card credit card

#182

Post by delfinom »

Cyph0n wrote: post #138
runako wrote: post #91

Earlier quoted context omitted.

Here in the Southeast of the US, the adoption of Apple Pay (and I presume Samsung Pay) has definitely been increasing. Square/Clover/all the POS's used by coffeeshops and other small businesses have been taking Apple Pay for a few years now. But recently CVS started taking it, and CVS is everywhere (~6,200 stores in the US). Whole Foods is on Apple Pay. I understand Target will be following soon. It's still not 100%…

> I understand Target will be following soon. Target has already deployed Apple Pay in NC at least. I only recently bought an iPhone, but I was pleasantly surprised by the number of merchants that accepted Apple Pay.

Target has been resisting and dragging their feet because they really really really want people to use their store card instead.

Re: Apple announces Apple Card credit card

#183

Post by spectramax »

onlyrealcuzzo wrote: post #118
AznHisoka wrote: post #104

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.

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…

I found Spotify cancellation process surprisingly refreshing. Just a big giant cancel button with a confirmation. Done.

Re: Apple announces Apple Card credit card

#184

Post by m3kw9 »

throwawaysea wrote: post #172

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.

Banks are pretty big too

Re: Apple announces Apple Card credit card

#186

Post by simonsarris »

gesman wrote: post #116

Where’s my perks? Lounge access? Hotel discounts? No reason for me to switch from my AMEX or Costco card for puny Apple points. Unless I missed something.

The perks aren't great for someone with good card(s) already. Actually, they aren't great to the marginal consumer (who doesn't have any cards yet) either. Square's Cash App card gives 10% off at Trader Joes/Whole Foods/Kroger plus discounts at a host of fast food places, and can be gotten by anyone, even without a bank account or credit check or anything. The downside is its a debit card, the plus is that the rewards compete with A+++ credit cards.

Re: Apple announces Apple Card credit card

#187

Post by onlyrealcuzzo »

vtange wrote: post #141
onlyrealcuzzo wrote: post #118

Earlier quoted context omitted.

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.

Firstly, MOST businesses don't store any credit card information so it's easier to be PCI compliant if the need arises and in order to limit liability. So if you trust the business enough to put in your CC#, you don't have to worry about the biggest issue.

Secondly, I don't know of ANY company that deletes customer data upon cancellation. I've worked at a few ecom companies now, and the marketing team would just LOL at that idea. Past customers are pretty much your highest converters. No way are you gonna get rid of your data on them.

MAYBE in Europe with GDPR. Even still, no company I've worked at does this even for European customers. I'm skeptical a meaningful percentage of companies do.

Re: Apple announces Apple Card credit card

#188

Post by clairity »

dmayle wrote: post #146
theshrike79 wrote: post #77

Earlier quoted context omitted.

They explained this in the keynote. They are generating a per-transaction card number, so there is no reasonable way for Mastercard to track what a certain person is buying.

What they described was card tokenization via the existing EMV standard for contactless payments. * Tokenization is using a unique per-device credit card. These are generated by the payment network, so Mastercard knows who is making the payment. * EMV includes per-transaction tokens. At no point did Apple say anything the prevents MasterCard from tracking your purchases. MasterCard shares this data with the credit ne…

yes, goldman sachs and mastercard will most certainly data mine the information to correlate transactions to each other and to certain people. it won't be perfect, but it's not truly anonymous either.

Re: Apple announces Apple Card credit card

#189

Post by ralusek »

throwawaysea wrote: post #172

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.

Look no further than the recent issue where Patreon competitor Subscribestar had payment processors Stripe and PayPal stop processing their payments for _political_ disagreements with the purported beneficiaries of the donations through the platform. PayPal said that it was actually one of the underlying payment processors, and it was suspected to be MasterCard.

That incident was the first time I've ever taken the need for alternative payment processors very seriously.

Re: Apple announces Apple Card credit card

#190

Post by jwr »

AznHisoka wrote: post #104

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.

Revolut lets you do this, but I suspect they will be going out of business soon, given the new competition from Apple.
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