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Apple Pay on pace to account for 10% of global card transactions

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Re: Apple Pay on pace to account for 10% of global card transactions

#21

Post by crooked-v »

fierarul wrote: post #10
3fe9a03ccd14ca5 wrote: post #2

Apple is enough of a behemoth to finally drag this industry forward. I use Apple Pay whenever possible. Mostly because it’s fast and secure. And I don’t mean “fast and secure” like a marketer, but actually fast and actually secure. I can’t believe that the best thing the credit industry could come up with was chip and pin. Slow, insecure[1], and awful experience. Begone, parasites. 1. https://www.kaspersky.com/blog/c…

In Romania we have Visa PayWave for years. For small amounts you just wave the card in from of the POS and you are done. For bigger amounts you are asked your PIN and I find that reasonable. I don't see how waving my watch in front of the POS would make this easier, it would actually be more cumbersome depending on how the POS is presented.

In the US it's usually 'insert card into reader, then wait 30-90 seconds'. I don't know where the delay comes from, but Apple Pay is usually faster for me.

Re: Apple Pay on pace to account for 10% of global card transactions

#22

Post by stefan_ »

ksec wrote: post #6

They will accelerate if they could roll out Apple Card around the world.

What does the rest of the world want to do with this? Europe doesn't care for >2% transaction fees, and to people in China used to the convenience of sending money around with WeChat, this whole credit card number business must look positively ancient.

Plastic cards and P(iece)O(f)S(hit) terminals with a RJ45 connector? No man, you just scan this QR code here.

Re: Apple Pay on pace to account for 10% of global card transactions

#23

Post by Cu3PO42 »

hprotagonist wrote: post #5

I unabashedly love apple pay and use it preferentially whenever I can. in the US, it's faster than chip-and-pin cards by a LOT. It rolls a new number every time I use it, so i can pay at sketchy gas stations at 2 AM and not care about skimming. More and more gas stations are upgrading their pump POS pads so i can refuel my bike without digging under my armour for my wallet. On websites, my only quibble is that it's o…

> It rolls a new number every time I use it,

Are you positive about this?

When I used Apple Pay (in Germany) I always got the same card number. It was my understanding that the number is generated when you add a card to Wallet and is unique to your device, but not transaction.

EDIT: The Apple support site [1] claims the following:

> Full card numbers aren’t stored on the device or on Apple Pay servers. Instead, a unique Device Account Number is created, encrypted, and then stored in the Secure Element.

I believe this aligns with my understanding.

[1] https://support.apple.com/guide/security/credit-debit-prepai...

Re: Apple Pay on pace to account for 10% of global card transactions

#25

Post by bdcravens »

jhenkens wrote: post #9
hprotagonist wrote: post #5

I unabashedly love apple pay and use it preferentially whenever I can. in the US, it's faster than chip-and-pin cards by a LOT. It rolls a new number every time I use it, so i can pay at sketchy gas stations at 2 AM and not care about skimming. More and more gas stations are upgrading their pump POS pads so i can refuel my bike without digging under my armour for my wallet. On websites, my only quibble is that it's o…

I have actually started preferring 76 stations because they all support the 76 app which lets me pay without credit card. My card was skimmed (and recreated into a new physical card!) earlier this year, which almost certainly happened at a gas station.

Shell and Exxon have the same.

Re: Apple Pay on pace to account for 10% of global card transactions

#26

Post by notJim »

I honestly love Apple Pay, but I don't use it super often because it makes me self-conscious. I feel like a bit of a dick for some reason. If you try to do something "weird" and it doesn't work, people get annoyed, or it feels like an imposition. Even when it works, people sometimes make some kind of comment. Relatedly, it's unpredictable whether it will work or not. It usually does, as long as the card machine says you can "tap", but sometimes it doesn't.

This would all be better if I ever saw anyone else use it, but I don't.

Edit: wanted to add that here in Portland, we have the special Apple Pay transit wallet for the bus, which is amazing! I only infrequently take the bus, and it's so nice to never worry about whether I have exact change for the fare.

Re: Apple Pay on pace to account for 10% of global card transactions

#27

Post by judge2020 »

crooked-v wrote: post #21
fierarul wrote: post #10

Earlier quoted context omitted.

In Romania we have Visa PayWave for years. For small amounts you just wave the card in from of the POS and you are done. For bigger amounts you are asked your PIN and I find that reasonable. I don't see how waving my watch in front of the POS would make this easier, it would actually be more cumbersome depending on how the POS is presented.

In the US it's usually 'insert card into reader, then wait 30-90 seconds'. I don't know where the delay comes from, but Apple Pay is usually faster for me.

30-90 seconds is a big exaggeration. Using chip without a pin number takes at most 5 seconds, and using a pin only increases the wait for the duration it takes to enter the code.

Re: Apple Pay on pace to account for 10% of global card transactions

#28

Post by hrdwdmrbl »

3fe9a03ccd14ca5 wrote: post #2

Apple is enough of a behemoth to finally drag this industry forward. I use Apple Pay whenever possible. Mostly because it’s fast and secure. And I don’t mean “fast and secure” like a marketer, but actually fast and actually secure. I can’t believe that the best thing the credit industry could come up with was chip and pin. Slow, insecure[1], and awful experience. Begone, parasites. 1. https://www.kaspersky.com/blog/c…

IMHO, chip and pin is quite good in Canada.

But yes, I too use Apple Pay whenever possible. I feel like I'm doing my small part to drag the industry forward. (Though my secret hope is that Visa and Mastercard get replaced with something else. Hopefully that's easier to do after their intermediated by Apple Pay)

Re: Apple Pay on pace to account for 10% of global card transactions

#29

Post by brlewis »

wikiman wrote: post #13
avocado4 wrote: post #4

BART and Muni need to start accepting Apple Pay ASAP. You can already do it in the UK and many other countries. Adoption of technologies like NFC payments in public transport is a good metric to see how competent a local government is.

New York is very quickly rolling out OMNY, which does support apple pay. It makes me happy, and I can't wait until I can buy my monthly that way

Also Portland, Oregon - https://support.apple.com/en-us/HT207958

Chicago and Miami are likely to follow suit since they already support Fitbit Pay (disclaimer: my employer, but I don't speak for them) - https://www.fitbit.com/us/technology/fitbit-pay/banks

Re: Apple Pay on pace to account for 10% of global card transactions

#30

Post by princekolt »

stefan_ wrote: post #22
ksec wrote: post #6

They will accelerate if they could roll out Apple Card around the world.

What does the rest of the world want to do with this? Europe doesn't care for >2% transaction fees, and to people in China used to the convenience of sending money around with WeChat, this whole credit card number business must look positively ancient. Plastic cards and P(iece)O(f)S(hit) terminals with a RJ45 connector? No man, you just scan this QR code here.

You should revisit your concept of what Europe likes. Even in Berlin, the cash-only capital of Europe, I almost never use cash anymore.
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