51–60 of 736 posts
That's a pretty awesome way of letting iphones start to replace POS terminals. It's been done before through add on and swiping, but the major cc companies are phasing out swiping. And the real play is introducing this into an iPad at some point. An iPhone is handy day to day and great for small run produce markets, but it's been a long while since I have gone to restaurants around my college campus that didn't have…
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.
Like a work uniform, it doesn't really serve any immediate purpose but it gives the transaction authenticity.
I wonder what role GS, the Apple Pay backend, has in this, if they are involved at all.
I would really like to see it become normal for tipping people this way (that isn't at a cash register / tap) but with AirDrop. For example, I recently had movers. I went out of my way to get a cash tip for them earlier. It would have been nice to skip that and just ping it at them somehow without awkwardly saying "Hey friend do you have Venmo? Apple Pay? CashApp? I'd like to tip you. What's your phone number?! Let m…
Earlier quoted context omitted.
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.
That's sounds like stored value or contactless debit. What do you mean "not really paying"?
It's still got the "contactless" part, though.
Earlier quoted context omitted.
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…
EU has contactless paying for a while now, but it uses a chip embedded in the bank card.
Earlier quoted context omitted.
I don't think tap to pay can be skimmed in the same way you can with swiping. You'd have to actually clone the data on the NFC chip, which isn't possible through a tap from what I understand.
It’d be trivial for a rogue payment app to display one $ amount on the screen yet deduct another.
Either way though, this is different from skimming. Skimming allows the skimmer to make future transactions which is much much worse.
Earlier quoted context omitted.
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.
That's sounds like stored value or contactless debit. What do you mean "not really paying"?
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.