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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

#381

Post by TazeTSchnitzel »

_bxg1 wrote: post #173
TazeTSchnitzel wrote: post #147

Earlier quoted context omitted.

> It only stores a single number (like the stripe, unlike the chips or phone-based NFC), and it effectively "broadcasts" it in a radius of a couple of inches This is only for magstripe-emulation contactless, which is very regrettably a thing, thanks United States! The civilised world uses true EMV contactless. Edit: Huh, even the US will be forced to use EMV contactless soon, apparently. Makes sense that Visa and Mas…

From a quick search, it sounds like "EMV contactless" means the NFC circuit follows the same procedure as "the chip" instead of the same procedure as the magstripe? If so, that would indeed solve the problem

Yes, exactly.

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

#382

Post by TazeTSchnitzel »

ThePowerOfFuet wrote: post #191
TazeTSchnitzel wrote: post #153

Earlier quoted context omitted.

> 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.

Unfortunately the United States exists, so there has been a need for magstripe emulation over NFC. I don't know exactly how it works — I think it's some kind of hack on top of EMV — but it does exist.

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

#383

Post by hanley »

derrick_jensen wrote: post #240
tzs wrote: post #231

Earlier quoted context omitted.

Another nice feature thing about Apple Pay (and maybe some others?) is automatic updating. Some place I could not use Apple Pay with was involved in a breach, and so my bank notified me that I was getting a new card, and to start using it as soon as it came in the mail. At about the same time as I got the email notice that this was happening, I got a notification on my iPhone that the card had been updating in Apple…

I've come across this in the Stripe API as a standard feature of a lot of cards. I haven't had one do this myself, but I also haven't lost a credit/debit card.

As someone who uses Stripe for a SaaS product, this is an amazing feature. It means not having to email/call the client just because they got a new card, and instead billing keeps going as if nothing changed.

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

#384

Post by gruez »

Hamuko wrote: post #344
gruez wrote: post #263

Earlier quoted context omitted.

> Unlike passwords, fingerprints are not protected by the 5th Amendment what's the threat model here? that law enforcement will force to make apple pay transactions? that law enforcement will request fingerprint data from apple?

Probably that law enforcement will force you to unlock your iPhone.

In that case, couldn't you use your toeprint or something?

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

#385

Post by xenspidey »

closeparen wrote: post #312
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…

Sometime around 2014-15 when Ventra was rolling out in Chicago, I was intrigued by the "contactless" thing it was advertising. Some copy on Citi's website indicated there might be a contactless version of my card. Customer service had no idea what I was talking about. After a while on hold, I learned that there had been a contactless version, but it was retracted. In the US market, Apple Pay came on the scene way big…

Google Pay (then Google wallet) came out in 2011, 3 years before Apple pay and 4 years before Samsung Pay. So no, Apple was not the one to field the technology.

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

#386

Post by astura »

davidmurdoch wrote: post #178
kelnos wrote: post #43

Earlier quoted context omitted.

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…

Same here (Google Pay). I've tried a handful of times over the past 2 years or so and it has never worked for me.

I tried to use Google Pay (back when it was Android Pay) at a Cumberland Farms and when the reader read my phone it actually crashed the payment system.

A few months later my grocery store put up "now accepts Android Pay" signs. I went through the self checkout lane and the phone was read, but the payment never went through. Had to use my card eventually.

Then my expensive phone broke and I bought one without mobile payments.

But it did work at Dunkin Donuts a few times, so there's that.

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

#387

Post by ubermonkey »

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…

The trick with the "weird" feeling is to bail quickly and use cash or a traditional card if the ApplePay process isn't working, so folks behind you don't get annoyed.

I've found that AP either works or doesn't in the first couple seconds (and is overwhelmingly the former).

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

#388

Post by ubermonkey »

jon-wood wrote: post #64
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…

This is a very US biased thing. In the UK it’s been months since I last encountered a card reader that didn’t do contactless, and almost as long since I’ve been told a place doesn’t accept cards. These days you’ll get looked at funny if you put your card in the machine unless you’re doing a substantial transaction. I still carry a small amount of cash on me just in case, but the same £10 note has been sitting unused…

Fun development: MOST US cards don't do contactless at all, which led to some annoying interactions for both US and UK merchants when we were visiting last summer.

UNTIL I realized that ApplePay worked on every contactless terminal. The bartenders & clerks looked at me a little funny, but when they realized they didn't have to do the goofy exception process required for a purchase signature, they didn't care.

Even so, though, cash is still king. I always have $100-200 on me.

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

#389

Post by chitza »

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…

That's because USA is way behind in card payment infrastructure (technologically speaking).

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

#390

Post by frockington1 »

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?

The drop from 2018 to 2019 might be due to Visa and other rolling out contact-less cards. I haven't used apple pay since I received new cards
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