Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Apple unveils contactless payments via Tap to Pay on iPhone

apple.com

Post reply on HN
Print view View original

201–210 of 736 posts

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

#201

Post by newroman »

throwaway894345 wrote: post #81
jacquesm wrote: post #34

Earlier quoted context omitted.

EU has contactless paying for a while now, but it uses a chip embedded in the bank card.

I studied abroad in France in 2012--at this time, all European card readers had been chip-based for quite a while and my US credit card didn't have one. I couldn't figure out how to use them and many store clerks had no idea what to do with my magnetic-strip credit card. I went to England in 2019, at which point cards in the US had been updated to use magnetic stripes, and everyone was using tap-to-pay. It turns out…

I tend to not carry a card anymore, just my phone (Romania). I don't remember the last time I went to a shop that didn't accept card. Everyone who accepts cards accepts contactless.

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

#202

Post by mortenjorck »

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 tend to imagine most users of this feature will be individual owner-operators such as a seller at a farmer's market, so the distinction between their personal phone and a business POS terminal may be fuzzy to start with.

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

#203

Post by SSLy »

hk__2 wrote: post #156
jurmous wrote: post #111

Earlier quoted context omitted.

We in The Netherlands are one of the most cashless societies in Europe. We mostly pay with our mobiles or contactless with banking cards. We even are "going Dutch" sharing our bills with what we call a Tikkie: One person pays the bill and then we send over instant messaging our payment request for money which can be payed directly with one click and authentication in banking app. One thing that is annoying for foreig…

Can’t speak for other countries, but in France and Northern Italy this is the same: contactless cards everywhere. I live in France and --I have to check my banking app to check this because I don’t remember-- the last time I went to a cash machine was almost one year ago.

Same for Poland, and what I've heard, Sweden.

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

#205

Post by scarface74 »

echelon wrote: post #147
scarface74 wrote: post #118

Earlier quoted context omitted.

No software company wants to sell hardware outside of Apple. They only do so when forced to support their services. Software scales with a marginal cost of $0 and is much less messy. Before smart phones and generic hardware was a thing, I worked at a company that wrote software for field services (“sending people places to do things”) we had to resell and maintain custom ruggedized windows mobile devices, mobile sate…

No software company wants Apple to be anywhere near their business either. Apple greedily takes 30% and owns your customers. Apple is bad for business. When they come to your industry, be afraid.

Let’s be real, the only companies paying Apple 30% are the pay to win games selling loot boxes. That’s where most of the profit in the App Store comes from. It came out during the Epic trial.

Software companies like MS, Adobe and most of the streaming services don’t even allow you to pay for access through the App Store.

Anyone selling physical good if they are using any sort of Apple payment, they are using Apple Pay and paying standard credit card processing fees like Uber.

As far as Tap to Pay, they are charging the standard merchant amount that all other payment facilitators charge.

As far as “owning your customer”, I don’t want every Tom, Dick and Harry to have my personal information. I use “Hide My Email” whenever possible. Owning your customer also means jumping through hoops to cancel (see NYT).

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

#206

Post by [deleted] »

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.

[deleted]

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

#207

Post by pilsetnieks »

tiffanyh wrote: post #86

This is the outcome of Apple's 2020 acquisition of Mobeewave. https://www.pymnts.com/apple/2020/apple-buys-mobeewave-for-1... It essentially turns an iOS device into a POS system. Apple already gets 15 bps for all Apple Pay transactions. I'm curious to hear the additional monetization Apple plans to get for this.

> Apple already gets 15 bps for all Apple Pay transactions

Bits per second? Beets per sale? Blackened pieces-of-eight per scurvy-rat?

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

#208

Post by dagmx »

frb wrote: post #195

> Apple will work closely with leading payment platforms and app developers across the payments and commerce industry to offer Tap to Pay on iPhone to millions of merchants in the US. Is it just me feeling that Apple is again playing gatekeeper to iPhone APIs and hindering true competition by "working with leading platforms" aka. the big players, like Stripe or PayPal, essentially leaving startups and smaller players…

They do that when they're concerned about bad actors or want to prove out the API first with a controlled set of people who are willing to experience breakage

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

#209

Post by profmonocle »

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…

Something I was thinking about the other day is how some modern credit cards technically have four different ways to pay. Swiping pressure-sensitive paper over the raised numbers (the original method) is still possible, though I haven't seen a merchant actually do this since maybe the mid-2000's. Then you have magstripe, chip, and RFID all in the same card.

Pretty impressive backwards compatibility, although I think the original copy-to-paper mechanism is finally being phased out, since some new credit cards no longer have raised digits. (My new Visa from Chase has the digits on the back, and they're only slightly embossed and not in the same place. Probably wouldn't work with the old swipers.)

I wonder how long until magstripe is phased out?

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

#210

Post by atlbeer »

pilsetnieks wrote: post #207
tiffanyh wrote: post #86

This is the outcome of Apple's 2020 acquisition of Mobeewave. https://www.pymnts.com/apple/2020/apple-buys-mobeewave-for-1... It essentially turns an iOS device into a POS system. Apple already gets 15 bps for all Apple Pay transactions. I'm curious to hear the additional monetization Apple plans to get for this.

> Apple already gets 15 bps for all Apple Pay transactions Bits per second? Beets per sale? Blackened pieces-of-eight per scurvy-rat?

Basis points
Post reply on HN