501–510 of 778 posts
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They give you a physical card that clearly has an EMV chip. Don’t know if it includes MSR. But you should be able to use this almost anywhere, it doesn’t depend on contactless ApplePay.
They said it doesn't have anything embossed or printed on it, and call it "beautiful", so I doubt it'll have a mag stripe.
Disappointing.
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Yes. This is roughly half of the transaction fee. The other half is to self-fund the rewards illusion that gets customers to use the card.
> rewards illusion Maybe if you don't pay your balance every month, but the rewards are very real for me.
It's true that you pay the inflation regardless of whether you use a card or not, though. And you only get the reward if you do use a card.
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> Their CC will hold an egregious APR % and draconian penalties for people who fail... "Lower interest rates" "No penalty interest rates" https://photos.reportinglive.com/p/2019-03-25/f1553535277.jp...
> Variable APRs range from 13.24% to 24.24% based on creditworthiness. Rates as of March 2019. > Late or missed payments will result in additional interest accumulating toward your balance. From the footnotes in the apple card announcement page.
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Goldman is a client of Apple's. It's possible that they do some shady shit, but it's also possible that they don't want to fuck up their relationship with the world's most valuable company or jeopardize their entry into the consumer space. Their profit motive might save them. Or it could be a disaster, who knows. My guess is that Goldman would trade on the aggregate data
Wasn't there a lawsuit that an investment bank (can't recall if it was Goldman Sachs or not) can deceive its clients and not disclose that it has a competing or directly contrary interest? And then there's this, and a dozen other stories about Goldman Sachs deceiving its clients in the past. https://www.washingtonpost.com/opinions/goldman-sachss-long-...
I want to know what sort of extended warranty insurance they will provide. There was no mention of this in the presentation today. They mentioned giving 3% cash back on anything bought from Apple. Right now American Express is giving me 3% back on all computer purchases and extending AppleCare by 2 additional years. I made the most recent purchase with that card via Apple Pay. So if I went out and bought a new MacBoo…
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> Just allow me to create as many 'virtual' credit cards from a single card and that's enough 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.
This is not what parent is talking about; they want to be able to generate a unique number for a website where the number + CVV is entered manually .
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Amazon Prime Video is a worldwide service: https://www.primevideo.com Content varies by region, though, of course. And naturally nowhere do they tell you need to use primevideo.com instead of amazon.com as an international customer.
Thanks for the heads up. I signed up for the 7 day free trial. There are some good shows. I guess I'll keep it for a few months so i can binge watch those shows. Very little sci-fi shows though.
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Payment platforms, including Visa and Mastercard, have deplatformed merchants, are currently deplatforming merchants, and will continue to deplatform merchants, for all sorts of reasons, since day 1. This sort of deplatforming happens for moral reasons (adult content), discriminatory reasons (Suppression of gay activist movements in the 90s), political reasons (Suppression of IRA/ISIS symathisers), legal reasons (Enf…
We get up in arms about it because we think that it's unethical in all but the last case. Society as a whole should be publicly deciding which personal transactions are forbidden, not the payment processing platform.
seriously though, i don’t really think it’s in a company’s purview to promote those values, otherwise they’d let their employees vote on who their ceo should be or wether their jobs should be outsourced or not etc... it definitely is in their purview to maximize their profit and at least in the short-term it would seem banning is “easier” (aka profitable) since it quells any “controversies” quickly enough...
please note, i’m not defending tech companies or payment processors banning merchants etc, just stating how i see it for my limited experience...
I wonder how this is reconciled. "Apple also says that it’ll use machine learning and Apple Maps to label stores that you use in the app, and use that data to track purchases across categories like “food and drink” or “shopping.”" "Like many of Apple’s products, privacy is a big push here. “Apple doesn’t know what you bought, where you bought it, and how much you paid for it,” said Jennifer Bailey, VP of Apple Pay. A…
Apple Maps 'significant locations' feature and similar are also on-device only - Apple does not know where your home or work is – your phone does, but that data never leaves it.
MasterCard obviously knows what you purchase and where, as they are the ones processing the transaction, but that data transits Apple's servers in encrypted form, which Apple is unable to read by design, I expect.
This is interesting to observe from the UK. - Cashback is generally lower here because interchange fees are regulated/capped to 0.3% for personal credit cards and 0.2% for personal debit cards. Offers of 2% cashback simply won't work outside the US so I'll be curious to see how (if?) they try and expand this globally. - "All of the spending tracking and other information is stored directly on the device, not Apple’s…
There are higher cash back cards also the cash back is usually capped on a monthly basis rather than on a flat %.
So far for this year I have £341.92 cash back on the card.
Mind you that this isn’t a new card I had it for 5 years.