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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

#181

Post by Tarragon »

ProfessorLayton wrote: post #107
mrosett wrote: post #15

I thought Apple pay was really dumb... and then I started using it. Especially with an Apple Watch: when I get to checkout, I can fumble with my wallet, dig out a card, wait ten seconds for the chip to read, and then put the card away.... or I can tap a button on my watch twice and wave it near the reader. Done.

Agreed, I use Apple Pay semi-frequently, but in my experience the ergonomics taken a step back since I upgraded my iPhone. I went from pulling my phone out of my pocket with my thumb already on Touch ID > hold near reader > paid to pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11, and I've locked the screen ina…

On iOS faceid phones double tap launches wallet from any state and you can authorize the payment before you put it near it to the reader.

Try: double tap as you pull phone out -> look at screen to authorize default card -> hold near reader.

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

#182

Post by ticmasta »

taurath wrote: post #19

5% at the moment seems like an incredibly high number to me, at least in the US. I looked it up here, where the stats say a different number: https://www.pymnts.com/apple-pay-adoption/ Also latest is about 51% of merchants have compatible equipment. 1.1% of sales is apple pay. Also usage numbers have gone down from 2018 to 2019. Seems like a puff piece to me?

5% growing to 10% just sounded crazy to me. For this to be true every iPhone user has to be making a butt-load of purchases and always using Apple Pay. I haven't seen any numbers that would back up this level of adoption.

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

#183

Post by ticmasta »

dragonsky67 wrote: post #166
Brakenshire wrote: post #31

Earlier quoted context omitted.

They’re claiming 5% of global card transactions, that surely can’t be true, there are quite a few developed countries where iPhones are not that common, and countries where other contactless payment systems are already widespread. And what about middle income and poor countries?

In Australia I would say that about 90% of card transactions are contactless and of them a good 30% use some type of phone payment. Isn't even blinked at any more.

Is debit payment a big thing in Australia? For smaller payment amounts I see debit cards way more frequently than CC or mobile.

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

#184

Post by ticmasta »

needusername wrote: post #112
yalogin wrote: post #77

Earlier quoted context omitted.

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

Sure you can. It's not a special case. That's the beauty of Apple Pay. Industry standard protocol. If the merchant accepts contactless credit cards then Apple Pay will work. No need for any special hardware, any special software or any contract changes.

>> No need for any special hardware, any special software

ha ha - except for the iphone, watch and apple pay; no special hardware nor software required.

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

#185

Post by paxys »

georgeburdell wrote: post #135

Semi-related, but is there a way to setup Apple Pay without disclosing your fingerprint? Unlike passwords, fingerprints are not protected by the 5th Amendment https://time.com/3558936/fingerprint-password-fifth-amendmen...

You can use a regular password or PIN. However your fingerprint (or face profile in case of FaceID) never leaves your device in the first place.

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

#186

Post by hu3 »

zie wrote: post #122
herpderperator wrote: post #117

What frustrates me is the way everyone talks about Apple Pay as if it's the standard in mobile payments. Everyone calls contactless payments Apple Pay, which is technology other countries have had for many years built into the cards themselves via an NFC chip. Visa calls it PayWave(TM), because you just wave your credit card over the terminal to pay. I have been taking advantage of the benefits of contactless pay sin…

My understanding is Google Pay, Samsung Pay, etc allow Google and friends to track your CC purchases because of the way it's designed, where Apple Pay is designed in such a way that Apple can not tell who you are spending your money with.

What happens when someone asks for a refund?

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

#187

Post by dangus »

notJim wrote: post #17

A big part of this is that apparently US credit card companies decided not to include contactless when they switched over to chip cards, in order to save money. Ironically, contactless was becoming fairly common before the move to EMV, but is now pretty rare. I think about half my cards had it a few years ago, but now none do.

Contactless is all over the US but is rarely advertised and retail employees tend to tell me to “insert my chip.”

Weirdly enough, I have visited a US retailer that did not have working chip, but working contactless.

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

#188

Post by ProfessorLayton »

reaperducer wrote: post #174
ProfessorLayton wrote: post #107

Earlier quoted context omitted.

Agreed, I use Apple Pay semi-frequently, but in my experience the ergonomics taken a step back since I upgraded my iPhone. I went from pulling my phone out of my pocket with my thumb already on Touch ID > hold near reader > paid to pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11, and I've locked the screen ina…

pulling my phone out > hold near reader > phone says get face closer > double tapping the lock screen button which is kind of out of the way on my iPhone 11 You're doing it wrong. Pull phone out → double-click wallet button → Authenticate face → Hold next to reader → done.

Fair point, however, it is worth pointing out I upgraded from a Touch ID phone, where one simply places the phone close to the reader and applied the same behavior to a Face ID phone. I don't believe I'm alone in this learned behavior, and blaming the user for "doing it wrong" is not a sign of great UX.

Anyway, thanks for the tip (being sincere here).

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

#189

Post by function_seven »

needusername wrote: post #104
anamexis wrote: post #89

Earlier quoted context omitted.

So, yep? They didn't claim it was a unique feature of Apple Pay.

They make it sound like there is a special "Apple sauce" that they built and strongly suggest they generate a new PAN for every transaction. The suggest that a "token" instead of a PAN is used for the transaction. This is very misleading. If you read it very carefully they are not wrong, but for the uninitiated a wrong impression is crated. They are using an industry standard protocol that is 25 years old.

> but for the uninitiated a wrong impression is created

I'm somewhat uninitiated, and I definitely got the wrong impression. So thanks for your clear-up.

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