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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

#71

Post by needusername »

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, so i can pay at sketchy gas stations at 2 AM

Nope. That's deliberately confusing Apple marketing. You get one PAN per device. The new "number" is just the EMV unpredictable number. You get that with any EMV card.

https://emvlab.org/emvtags/show/t9F37/

> and not care about skimming.

Because the PAN is only valid for online authorized EMV transactions.

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

#72

Post by notJim »

kelnos wrote: post #43
notJim wrote: post #26

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…

I've gradually started getting over my similar feeling-like-a-dick sentiments. I definitely always have the worry that it's not going to work (Google Pay for me here, though), and occasionally I'll fumble to hold my phone in exactly the right way for the particular card reader I'm presented with. I still also feel like if I hand a card to a cashier, and it isn't working right, I implicitly blame the store or their eq…

Me too, I'm trying to get over it. It's kinda silly to worry about mildly inconveniencing someone, and it'll be nice once it's the norm.

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

#73

Post by jbtule »

Cu3PO42 wrote: post #23
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 uni…

The device "card" number doesn't change with each purchase but it does have an additional one-time unique crytpogram as well as a dynamic security code that is needed to use that device number.

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

#74

Post by jon-wood »

princekolt wrote: post #30
stefan_ wrote: post #22

Earlier quoted context omitted.

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.

Europe loves card payments, but you’re much more likely to see people using debit cards because the EU regulates card fees, making it much less common to get credit cards that do cash back or similar reward programs.

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

#75

Post by ladberg »

rb808 wrote: post #16

Wow I always thought this was a gimmick that no one used, I'll have to evaluate. even 5% doesn't sound right to me (of course the headline is an estimate). > Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by 2025,

I find it super convenient from my Apple Watch and use it for most of my payments, but I'd agree that I'm also surprised by 5%. I rarely see anyone else using it even in the Bay Area at stores that have supported it for years.

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

#76

Post by kelnos »

judge2020 wrote: post #27
crooked-v wrote: post #21

Earlier quoted context omitted.

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.

I don't think I've ever seen a US chip reader take 5 seconds. 10-20 seconds seems to be the norm (at least for businesses that have always-on internet connections). Google Pay for me definitely takes under 5 seconds, unless the reader is particular about where I hold my phone, and I don't get it right on the first try.

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

#77

Post by yalogin »

gregdoesit wrote: post #61

I had dinner with members of the Apple Pay team a year or two back. I asked them, “So, who are your competitors? Google Pay? PayPal?” They laughed. “No, we don’t really track them. We have one main competitor. Credit cards. We care about Apple Pay being better, easier and more convenient to use than any of your credit cards.” And then, finishing dinner, the guy paid with his Apple Watch, using Apple Pay. The waiter w…

You can pay using Apple Pay at restaurants? Has to be a special case right?

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

#78

Post by snovv_crash »

cranekam wrote: post #56

Not in Switzerland! Over here pretty much only credit cards work with Apple Pay. I haven't found a single debit card that works with it (other than Revolut, which is only a bank if you squint at it). I assume this is because there is a thing called TWINT [0] here, which covers several payment concepts (peer to peer transfers, point of sale terminals, online) with an equal degree of mediocrity. It's not ubiquitous, fa…

The banks seem to be implementing their own version. Eg. UBS now has an icon on their app that puts it into card-payment mode. Only works on Android though.

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

#79

Post by pgm8705 »

I wish restaurants in the midwest would start embracing contactless payments. A local place I frequently visit finally introduced portable terminals that the wait staff brought to your table and I was pumped. They reverted back to the old way a few months later because "people got confused and didn't like having to interact with the terminal."

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

#80

Post by kelnos »

pathartl wrote: post #68
judge2020 wrote: post #27

Earlier quoted context omitted.

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.

While I agree with you it's definitely an exaggeration, part of the UX that's a bit of a pain for the purchaser is when the terminal is locked up until the cashier confirms the purchase. Either you're forced to leave your card in or you can't put your card in until they're ready. I really think some messaging to change it from "Please Wait" to "Waiting for cashier" would help the real non-tech-savvy people. My parent…

I think some of this is dependent on the hardware used? At least for Apple/Google Pay, I've noticed that for some merchants (Safeway), I can "pay" at any point while the cashier is still scanning times, while for others (Trader Joe's), I have to wait until the cashier is done and moves the transaction into the payment phase.

On the other hand, I don't recall a merchant where I could physically insert my card whenever I wanted, so the A/G Pay option is better in many/most places, even if there are some where you have to wait.

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