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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

#121

Post by exikyut »

numpad0 wrote: post #94
twobitshifter wrote: post #54

It notes that it’s supported iPhone XS or later - what feature was added to the XS that is not in the X? When Apple names the “pro” model like this does it mean that the XR from the same generation is not supported?

8 Global/7 JP and later has FeliCa secure element; checkm8 exploit works up to X. It’s a fine thinking to not accept secure transaction originating a potentially jailbroken device; perhaps that’s why?

I was wondering about that too. I wonder how much SecureROM extraction pays nowadays? It used to be $200k circa 2015: https://ramtin-amin.fr/#nvmedma

(Interim while the above URL currently doesn't work: https://web.archive.org/web/20200217151824/http://ramtin-ami...)

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

#122

Post by NovemberWhiskey »

minhazm wrote: post #53
jeffbee wrote: post #17

I wonder what role GS, the Apple Pay backend, has in this, if they are involved at all.

GS is the backend for Apple Card. Is it also the backend for Apple Pay? I don't think I've seen any evidence of that. I also don't see why Apple would need GS for that. Each bank needs to support Apple Pay, and Apple likely just integrates directly with Visa, Mastercard, Amex, etc.

Apple Pay is a Apple->payments-network; Apple Card is payments-network->GS/Apple. Apple Pay with Apple Card is the two tromboned together.

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

#123

Post by dkonofalski »

danShumway wrote: post #78
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.

Thanks, I was actually pretty confused by this at first glance. As a non-Apple-user I've never personally used the feature, but I still thought that stuff like Tap to Pay was a somewhat large selling point for the Apple Watch. So for a second I wondered if I had just been drastically misunderstanding how that worked for a long time and had somehow never actually checked/verified that iPhones/Watch could do that.

I use it nearly every day and definitely for almost every purchase I make. I no longer carry around a wallet now that digital IDs are a thing and have only had 1 situation in the last 6 months where I needed a physical card because they had TTP disabled on their terminal.

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

#124

Post by avianlyric »

djrogers wrote: post #43
thebean11 wrote: post #13

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.

Sure but that's something card networks already deal with via chargebacks. If merchants get caught doing that, they'll have their payment processor, the processors acquirer and Mastercard/Visa all over them like a bad rash.

You can guarantee that the merchants collateral, or any unpaid funds will be taken and used to automatically refund anyone that went near their readers, and if the money can't be claimed from the merchant, then the payment processor or acquirer will be forced to cough up.

All the card networks take this type of fraud very seriously. They understand that they only get to keep their very lucrative positions in this world if people 100% trust card readers to not rip them off, and to get easy compensation if they do. So they come down hard on businesses that threaten that trust.

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

#125

Post by dogma1138 »

tut-urut-utut wrote: post #85
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.

I honestly don't see what's so revolutionary about this. Why would anyone shell out multiple hundreds of € when a device that accepts payments can be purchased for a fraction of the iPhone price? E.g the most expensive device here [1] is only 120 €, and it can also print the bill. The cheapest that does the job is a mere 20 €.

Because you still usually need a mobile device the modern cashless till today is an iPad with an NFC dongle to take payments now you can skip the dongle..

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

#126

Post by iamacyborg »

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.

I was working for a company that was working on this sort of device a couple years ago and that was definitely the feedback we received in early UX trials.

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

#127

Post by lotsofpulp »

losvedir wrote: post #33

Is this only for merchants? I feel like here in the US we still don't have a great way to send money back and forth with friends and family. Zelle is decent if both parties' banks support it, but otherwise I've tried Google Pay, Paypal, Venmo, and they all have some problem or another. A lot of them (I'm looking at you PayPal) require you to give them your bank username and password!

I wonder how many bank account holders are not part of Zelle. Based on the list of banks, it seems like it must cover a good majority of people.

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

#128

Post by CPLX »

mike1o1 wrote: post #82
yuuu wrote: post #67

Earlier quoted context omitted.

I had movers a couple months ago and tried to tip them. Note that I don't ever carry cash and am a proponent of abolishing the Federal Reserve. I asked them for their Ethereum or Bitcoin address, and they said, "neither of us don't have that, but we take cash." I calmly tried to explain to them the evils of the Federal Reserve for around five minutes, then began to set them up with their own cryptocurrency wallets on…

I can't tell if this is satire or not.

This line really should answer that question:

> By the end of the exchange, they were both very happy with the arrangement and thanked me profusely for setting them up to use the future of currency, although I was still in the process of explaining its importance.

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

#129

Post by iamacyborg »

djrogers wrote: post #49
duxup wrote: post #30

Earlier quoted context omitted.

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

Square and similar terminals aren’t mounted anymore - the vast majority I see these days are wireless wedges that use Bluetooth or some other wireless protocol.

There's a big difference between something that looks like a payment terminal and what appears to just be a personal mobile phone though.

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

#130

Post by Nextgrid »

tut-urut-utut wrote: post #85
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.

I honestly don't see what's so revolutionary about this. Why would anyone shell out multiple hundreds of € when a device that accepts payments can be purchased for a fraction of the iPhone price? E.g the most expensive device here [1] is only 120 €, and it can also print the bill. The cheapest that does the job is a mere 20 €.

The UX of an iPhone is much better than most legacy card terminals and as others have said, many people already own one and thus wouldn't need anything other than installing an app.
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