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Apple unveils contactless payments via Tap to Pay on iPhone

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Re: Apple unveils contactless payments via Tap to Pay on iPhone

#23

Post by melling »

sabjut wrote: post #14

Clarification due to a somewhat confusing title: This is about the merchant using an iPhone to accept credit cards and other Tap to Pay devices. The customer was able to pay with Tap to Pay with their iPhone for a while now.

The long slow road to contactless payments. Almost 2 decades along in the technology adoption curve.

I was ready for this in 2005.

https://money.howstuffworks.com/personal-finance/debt-manage...

If course as the article points out, it wasn’t even new technology back then:

“ Not Exactly New Tech Mobile introduced the Speedpass in 1997. Speedpass is a small device on a keychain (called a fob) that users wave in front of the Speedpass logo on gas pumps. The cost of the gas is automatically deducted from the user's Speedpass account”

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#27

Post by Spivak »

melling wrote: post #23
sabjut wrote: post #14

Clarification due to a somewhat confusing title: This is about the merchant using an iPhone to accept credit cards and other Tap to Pay devices. The customer was able to pay with Tap to Pay with their iPhone for a while now.

The long slow road to contactless payments. Almost 2 decades along in the technology adoption curve. I was ready for this in 2005. https://money.howstuffworks.com/personal-finance/debt-manage... If course as the article points out, it wasn’t even new technology back then: “ Not Exactly New Tech Mobile introduced the Speedpass in 1997. Speedpass is a small device on a keychain (called a fob) that users wave in front o…

That’s not at all comparable since you’re not really paying. By that logic we’ve had contactless payments for hundreds of years in the form of opening a tab at a merchant.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#28

Post by llampx »

duxup wrote: post #26

Kinda weird. If a rando retail person pulls out their iPhone and asks me to tap... that's kinda strange in my mind. Something about "how do I know that isn't their personal phone?" would pop in my head. But things that seem awkward can become commonplace.

Even now, they can use a Square wireless terminal and you wouldn't know if its hooked up to their personal iPhone or what.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#29

Post by SOLAR_FIELDS »

axg11 wrote: post #20

Three interesting implications from this press release: - Stripe as the first user of the SDK vs Square: For any small business starting this spring, I can't think of a reason why they wouldn't use and iPhone+Stripe to start off. Zero hardware cost (assuming they have an iPhone), no need to wait for hardware delivery. - NFC will be coming to the iPad. - The ability to keep the same hardware but switch payment network…

Presumably companies like Square and Clover are selling their own POS hardware and probably are less than happy that every iPad and iPhone running latest OS with NFC is now a competitor to their hardware. Stripe does not make hardware (as far as I’m aware) so this initial partnership makes sense.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#30

Post by duxup »

llampx wrote: post #28
duxup wrote: post #26

Kinda weird. If a rando retail person pulls out their iPhone and asks me to tap... that's kinda strange in my mind. Something about "how do I know that isn't their personal phone?" would pop in my head. But things that seem awkward can become commonplace.

Even now, they can use a Square wireless terminal and you wouldn't know if its hooked up to their personal iPhone or what.

Absolutely true.... just seems like a mounted device like they usually are seem more 'official'.
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