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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

#481

Post by dzhiurgis »

mrep wrote: post #451
hk__2 wrote: post #156

Earlier quoted context omitted.

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.

I'm in the US and the only time I can remember going to an ATM in the past 5 years is because farmers markets sometimes give you discounts > credit card rewards for cash and weed shops cannot use banks so you have to pay cash.

IMO farmers markets would disappear if they stopped using cash. It's basically synonym for tax avoidance sprinkled with some fraudulent claims how your honey cures everything.

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

#482

Post by rattlesnakedave »

pdpi wrote: post #466
bduerst wrote: post #458

Earlier quoted context omitted.

Honestly, I think it was Apple refusing to fully support NFC until 2016 that prevented the market from jumping on contactless payments, at least in the US. They were holding something like a third of the market back from doing it which really made selling adoption to merchants difficult.

Contactless bank cards were widespread in the UK before Apple or Google had their own payment systems. I think the "real story", as it were, is that the banking industry held contactless payments way more than Apple ever did.

This is correct. The other comment that I can't reply to is incorrect. Banks not supporting apple pay were a significant holdup to NFC payments in the US.

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

#483

Post by jacquesm »

jurmous wrote: post #284
larkost wrote: post #225

Earlier quoted context omitted.

For Americans visiting the Netherlands one word of caution: many of the pay terminals (especially the parking ones) do not seem to like U.S. cards, and even some the vendors from Europe. When we were on vacation there a few years ago it was a roulette game to figure out if parking meters would take my card or that of my father in law (from Hungary). The problem is that they have a local exchange there, and do not hav…

Most shops in the Netherlands work with maestro of mastercard and vpay of Visa. It is directly linked to our bank credit and has low transaction fees. Maestro and vpay is accepted all over the world. We work directly with IBAN numbers and not with credit card types like mostly in the world. Normal Mastercard/visa credit don’t work here since shops have to pay way higher transaction fees while almost nobody uses them.…

> It will be phased out though in 2023 to Mastercard debit and visa debit

That sounds like an absolutely terrible idea. Why would we give these two rotten-to-the-core companies such power over our payment systems?

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

#484

Post by kevin_thibedeau »

pdpi wrote: post #466
bduerst wrote: post #458

Earlier quoted context omitted.

Honestly, I think it was Apple refusing to fully support NFC until 2016 that prevented the market from jumping on contactless payments, at least in the US. They were holding something like a third of the market back from doing it which really made selling adoption to merchants difficult.

Contactless bank cards were widespread in the UK before Apple or Google had their own payment systems. I think the "real story", as it were, is that the banking industry held contactless payments way more than Apple ever did.

There was an attempt to deploy contactless cards in the US in the mid 00's. I used mine once at a grocery store. Merchants rarely supported them so banks stopped issuing them.

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

#485

Post by dkonofalski »

throwaway22032 wrote: post #350
dkonofalski wrote: post #301

Earlier quoted context omitted.

It sounds like the whole benefit behind this new form of Apple Pay acceptance is that there is no app. You just double tap the sleep/wake button to open Apple Pay and then tap the phone to the payee's phone. That's no more complicated then reaching for a wallet and pulling cash out of the wallet.

It's significantly more complicated because there's a protocol and negotiation involved. If I want to give you $1, I hold my hand out and there it is. I can literally stuff it into your back pocket. You're not involved in the exchange, there is no exchange. We can even do it UDP style - imagine that I check out of a hotel room and leave a dollar on the bedside table for the room staff. There's not even an ack. By con…

The user doesn't know that any of that stuff is going on, though, and you don't need data for this to work.

It's not anywhere near as complicated as you're making it out to be. Those saying "I had to go to an ATM" are simply voicing a legitimate downside of cash that this doesn't have because you only have to get an iPhone once whereas you have to go to an ATM/bank every time you need cash.

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

#486

Post by sithadmin »

echelon wrote: post #437
sithadmin wrote: post #381

Earlier quoted context omitted.

It has probably been 5 years since I've encountered the most basic Square reader in the wild (the $10 magstripe one), and I can think of a single time in the past two years I've encountered the cheap one you're referencing (which is why I forgot about it in the first place).

I see these $50 ones all the time: https://squareup.com/shop/hardware/us/en/products/chip-credi... Plus if your customer drops this, they're not breaking your expensive iPhone screen.

Yeah, those. I basically never see them anymore. There was a short time where they seemed pretty common, but I honestly only remember seeing one once in the last two years, at a farmers' market booth. All the vendors I frequent that used to use that have either upgraded to the full-function $300 Square terminal, or moved to using other solutions like Toast or Clover.

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

#487

Post by dzhiurgis »

msoad wrote: post #258
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.

Not all iOS devices have NFC. This is an iPhone-only feature

MacBooks strangely doesn't have NFC - IMO it's ultimate solution for U2F.

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

#488

Post by siver_john »

sn1de wrote: post #448
monkeynotes wrote: post #412

Earlier quoted context omitted.

I am surprised Apple didn't make this a closed system and compete with Square for small businesses.

It competes with anyone selling point of sale hardware. I think Square falls into that camp, no? I wouldn't want to be in that space right now. I don't see how this doesn't usurp a big chunk of their market since it isn't even a decision between buy this or buy that, but buy that or just use the thing already in my pocket.

Anyone who is going to be buying PoS from Square at a rate greater than just the phone attachment reader, this won't be sufficient for. Using a phone for a business you personally run is fine, using a phone as the central point of your business for even a relatively small fast casual is going to be a nightmare.

And for those even on Square Apple's ipads are still the preferred choice as far as I can tell. So there isn't much of a benefit other than fees.

For anything larger than a small fast casual you quickly run into greater integration needs with things like KDS (of which a few do use tablets, Toast, Fresh, etc, and even then I think ipads are preferred. I know Square integrates with a few of those as well as NorthStar so, I don't think they may have much to fear other than at the low end mom and pop stores.

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

#489

Post by dzhiurgis »

TIPSIO wrote: post #47

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…

iPhone needs a little printer that prints a QR code that represents an NFT that was just minted in blockchain

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

#490

Post by labster »

Reason077 wrote: post #475
profmonocle wrote: post #209

Earlier quoted context omitted.

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…

> "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." I've noticed all the UK-issued cards I've received in the last year or two no longer have the raised numbers. Just the same details printed in ink on the card. Quite an improvement as the card details are easier to read now! Still seem to h…

The numbers are no longer raised on my US Amazon card, but due to gray-on-gray the numbers are much harder to read. Smaller numbers give more white space for a very clean design. So I get to see much better modern UX as I squint to read my card.
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