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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

#191

Post by ThePowerOfFuet »

TazeTSchnitzel wrote: post #153
needusername wrote: post #82

Earlier quoted context omitted.

There is a lot of deliberately confusing marketing. "Tokenization" simply means that a new PAN is generated once per device. This is a normal PAN registered with the payment scheme and your issuer. It has to be a normal PAN, otherwise it would never pass through all the exiting payment infrastructure. What is generated per transaction is the EMV unpredictable number, but this is part of the EMV protocol and done for…

> What is generated per transaction is the EMV unpredictable number, but this is part of the EMV protocol and done for any EMV transaction. What about when magstripe emulation is in use, does Apple Pay support that in the US?

EMV is the antithesis of magstripe and the two have absolutely nothing to do with each other. Contactless EMV is NFC.

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

#192

Post by thom »

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…

Yeah, absolutely love it. Just by virtue of breaking the £30 limit for contactless payments I now just never need my wallet. For a long time I held off upgrading my previous iPhone, and it never really occurred to me that Apple Pay was a killer app, but it's probably the single biggest quality of life upgrade that a piece of technology has given me in 5 years or so. My only sadness is that not many websites support it - where they do, you don't have to type out endless steps in a wizard, just give a thumbprint and that's it.

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

#193

Post by Multicomp »

aggie wrote: post #167

Apple Pay is great, but I wish it was more universally accepted at point of sale. But in the US we're not even at consistency in any form of POS payment method. Disney World (Florida) notably spent a BILLION dollars implementing a wonderful contactless payments++ system called MagicBand. [1] Last week I was shocked that at Disneyland (California), where they haven't implemented MagicBand, they not only don't accept A…

The number of integrations between MagicBand and the existing &/or legacy systems must be staggering.

At the very least, there is the integration between the MagicBand and FREEDOM-POS, the point of sale software running at Disney parks.

It could be as simple as the band functioning as a reference to the built-in EFT account called 'play money', which is a stored value account generated on a POS and assigned to a given serial number (say, a disposable wristband, season pass card number, MagicBand number) and either filled with cash to store and deplete, or linked to a credit card to charge indirectly.

It could be as complex as the MagicBand bypassing FREEDOM entirely and interfacing directly with a back-end server that knows the card details, merely racking up charges over time to be periodically charged directly to the customer's card.

Either way, I'd love to get a peek behind the curtain at the Disney IT operations, warts and oddities specifically.

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

#194

Post by rconti »

whalesalad wrote: post #37
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…

That's an interesting viewpoint. Where do you live? I would imagine you live somewhere that is not along the coastline in the USA. The only time I have ever run into any kind of social friction (percieved or actual) it was only around the time that it had just rolled out and everyone would groan and say stuff like "yeah, it says we do apple pay but it wont work" But after those initial bumps it is really prevalent an…

I'm in the Bay Area, and whenever I'm not a not-familiar store, I'm a little self conscious and have one hand ready to reach for my wallet at the smallest hurdle with contactless.

Some people just don't want to be "that guy" holding up the line, for any reason. Even if it might have been faster to try contactless a second time.

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

#195

Post by ThePowerOfFuet »

nerfhammer wrote: post #121
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.

I thought that was because the whole point of the chips is that it's vastly more secure and contactless is hopelessly insecure

EMV contactless is essentially as secure as a chip-based transaction (same chip, but look-ma-no-contact).

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

#196

Post by rconti »

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…

Also, overseas with a US CC you almost always have to sign, even if you have a PIN on the card, because the card are set to prefer signature (sometimes you can get away with a PIN; eg, in a parking garage with no cashier).

However, with Apple (okay, now Garmin) Pay, I never have to sign.

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

#197

Post by closetohome »

dangus wrote: post #190

Probably off topic: I love Apple Pay for online website purchases. So easy to not have to create an account for everything. For IRL transactions, my contactless card is easier than dealing with my phone, double tapping and face authenticating.

I'm developing a terrible habit of only buying things if the site supports PayPal or Apple Pay.

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

#198

Post by digsy »

Multicomp wrote: post #193
aggie wrote: post #167

Apple Pay is great, but I wish it was more universally accepted at point of sale. But in the US we're not even at consistency in any form of POS payment method. Disney World (Florida) notably spent a BILLION dollars implementing a wonderful contactless payments++ system called MagicBand. [1] Last week I was shocked that at Disneyland (California), where they haven't implemented MagicBand, they not only don't accept A…

The number of integrations between MagicBand and the existing &/or legacy systems must be staggering. At the very least, there is the integration between the MagicBand and FREEDOM-POS, the point of sale software running at Disney parks. It could be as simple as the band functioning as a reference to the built-in EFT account called 'play money', which is a stored value account generated on a POS and assigned to a give…

Technology wise, Magic Bands are awesome.

You can pay with them in the parks (no fishing around for cash or your credit card), it links to your Disney accounts, you can use them as a ticket to get into the parks and it functions as your door key at Disney hotels and cruise ships.

And it all just works.

The amount of data they collect from this must be staggering.

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

#199

Post by gregmac »

thom wrote: post #192
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…

Yeah, absolutely love it. Just by virtue of breaking the £30 limit for contactless payments I now just never need my wallet. For a long time I held off upgrading my previous iPhone, and it never really occurred to me that Apple Pay was a killer app, but it's probably the single biggest quality of life upgrade that a piece of technology has given me in 5 years or so. My only sadness is that not many websites support i…

Not sure how contactless limits are set, but I suspect it's by the merchant. In Canada most are $100, though there's a handful of places that do $200. Costco is $400. If you go over the limit, you get promted to insert your card and use a pin.

Signing a signature is basically obsolete - in fact I can't remember the last time I did. Restaurants usually have a wireless terminal they bring over.

It's strange how regional those types of things are though. I am always surprised traveling in the US when I'm asked to sign (even with chip or contactless, which makes zero sense).

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

#200

Post by cageface »

After some initial teething pains Apple Pay & the card are a pretty nice user experience. I'm hesitant to use this too much though because I feel like I already have too many eggs in Apple's basket. Overall I'm a happy customer these days but I'd still rather depend on a bit more diverse array of hardware & software vendors even if it's less convenient and integrated.
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