Contactless but you have to tap and most will make slight contact :) exciting nevertheless!
Apple unveils contactless payments via Tap to Pay on iPhone
371–380 of 736 posts
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#372Earlier 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…
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…
> is still possible
Wait what?
I think in many parts of the world that isn't possible anymore for a long long time. Like all of EU.
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#373Earlier quoted context omitted.
Is there a "tip with venmo" poster displayed or do you have to ask the bartender their venmo account name? I've never seen this before, but agreed that it's rare.
A potentially malicious third-party selling your financial transaction history is not the best choice... by far.
I wasn't arguing in favor of Venmo, but are VISA and MasterCard really better options in this regard?
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#374How does Square feel about this?
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#375Earlier quoted context omitted.
Paying with your phone is actually more secure than the old mag-swipe method. Your phone will tokenize your credit card information, which makes it significantly harder to track credit card usage across various merchants. Of course it isn't as private as cash, but it is a step forward from mag-swipe. Square has a good explainer if you want to read more: https://squareup.com/us/en/townsquare/what-does-tokenization...
Harder for whom? The attack vector here isn't "hackers compromised everyone and can correlate your data", it's "Visa knows everything about you". I agree with the GP, this is a huge privacy blind spot.
hackers need not apply. I'm sure retailers will happily sell your transaction data to a third party aggregator, and that transaction data is more fine grained than what Visa gets to know about you (spending at Walmart vs specifically buying diapers).
So now Apple gets to know what Visa knows. Still, for the time being, they don't seem to know individual items. And many here seem to think Apple is more trustworthy than random anonymous data broker.
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#376Three 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…
Wait until small businesses discover that Stripe keeps the full 3-4% fee even when issuing refunds. This makes Stripe unsuitable for many types of small business, like clothing or electronics stores where customers are accustomed to be able to purchase items with the intention of returning all or a portion of the order. Square does NOT charge this fee, which makes it a much better option.
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#377Is 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 don't like Zelle because I like using a credit card and accumulating credit card points. so its a non-starter for me. although one time I did a chargeback on a Venmo transaction, and Venmo banned me. that was an inconvenient few months before I maybe tricked their system. maybe as in I'm not sure they are just tolerating me.
But Zelle, Venmo, and similar are cash apps...? Why would you want to pay a 3% credit card fee per transaction just so you could accumulate a couple credit card points?
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#378Earlier quoted context omitted.
> Swiping pressure-sensitive paper over the raised numbers (the original method) is still possible I've seen this still happen occasionally in taxis - or rather I saw it happen within the past decade. When I last lived in the states I'd bump into it especially with rural taxis - I assume it's dying quickly though because it's incredibly inconvenient when compared to paying via an app or tapping. The lack of raised di…
I've had a lot of taxi drivers tell me they couldn't take credit cards at all. That is, until I tell them "I have no other way to pay, so I guess... later dude". Suddenly it's, "oh, oh, oh, the card reader is working again, look at that!"
Whenever I get into an airport taxi I always mention "Oh you take credit card right?" due to the queue system at airports they either reply yes and, if they actually don't, I get out guilt free at the other end - or they reply no and I move to the next taxi down the line. A significant number of airport taxis do shady stuff to try and extract extra or under the table payment.
(Edit, just to clarify - I get out of the Taxi on the other end guilt free because the driver lied to me about payment options. I don't like skipping out on service payments - I think people should be paid fairly for the work they're doing (even if I could get away with not paying)... but if you're lying to me you're doing me a disservice)
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#379Outside of USA, where most people don't have an iPhone, I don't really see the point.. It would be more usefull with ipads or any less personal device : If the shop's owner haves an iPhone accepting paiement but it's an employee doing the paiements, the shop opwner has to give his personal phone to the employee to accept paiement ? Or he needs to buy an other iPhone with no personal data and accepting paiement (is it…
Lots of people other than shops take money. There are lots of one-man businesses or tradespeople who take credit card through services like SumUp which require a seperate device paired to their phone. For people like that this will be very useful.
Both my plumber and the guy who fixed our washing machine used SumUp, as did most of the market-stall holders at the Christmas market this year. All of them were using the phone-linked version (rather than the one with its own SIM).
Sure, it's not right for everyone, but it will be perfect for a lot of people.
Re: Apple unveils contactless payments via Tap to Pay on iPhone
#380Outside of USA, where most people don't have an iPhone, I don't really see the point.. It would be more usefull with ipads or any less personal device : If the shop's owner haves an iPhone accepting paiement but it's an employee doing the paiements, the shop opwner has to give his personal phone to the employee to accept paiement ? Or he needs to buy an other iPhone with no personal data and accepting paiement (is it…
> Later this year, US merchants will be able to accept Apple Pay and other contactless payments simply by using iPhone and a partner-enabled iOS app
The target user is a US-based merchant. Most likely, it's a small business, perhaps a sole proprietorship, that uses a small Square reader today. This gives that business one more way to accept payments, but without the extra hardware.
A business with multiple employees/points of sale has alternatives. This is probably not the solution for them.