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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

#521

Post by lostcolony »

siver_john wrote: post #488
sn1de wrote: post #448

Earlier quoted context omitted.

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 is…

I'm not even sure there, at least for another few years. No store, mom and pop or otherwise, would want to be "tap to pay only" as a means of taking credit card payments. There are still plenty of cards out there that don't have RFID chips.

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

#522

Post by CamperBob2 »

moron4hire wrote: post #362
munk-a wrote: post #326

Earlier 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!"

And people wonder why Uber killed the whole taxi industry overnight.

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

#523

Post by el-salvador »

denimnerd42 wrote: post #351
Twisell wrote: post #259

Earlier quoted context omitted.

And what really make this a 5th modality is the required CVV (card verification value) printed on the backside of the card.

From what I know is CVV isn't required if the card is presented in person. The card processor will revoke your agreement if you verify the card is present and it's actually not however.

I'm not sure if this is still the case. But some years ago when paying with a mag stripe card in two South American countries seemed to type the CVV code on the POS terminal. This was different from other countries where they type the last four digits of the card number.

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

#524

Post by TheKarateKid »

monkeynotes wrote: post #412
anonymouse008 wrote: post #393

Earlier quoted context omitted.

The real news is Apple specifically took a non competitive stance — making the API available to third parties like Stripe - rather than building in house, leveraging Apple Card connections, or similar

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

They're playing the long game. Apple wants market usage to build bargaining power with the banks. They saw how the original Google Wallet was blocked from adoption because of control by the carriers and banks. Remember ISIS Mobile Wallet? (That name aged terribly..)

We saw how it took 10+ years and a dominating market position for Apple to show their claws with controlling 3rd parties with the App Store. Make no doubt that once a significant portion of the market uses Apple hardware or services for transactions, that they will want control and a cut of the transaction.

Notice how they say: partner-enabled iOS app

This means Apple has to endorse each 3rd party, and they remain under Apple's control just like app developers.

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

#525

Post by 96stanleylee »

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 was shocked reading the title thinking 'No way this isn't already on Apple devices'.

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

#526

Post by namibj »

Apocryphon wrote: post #408
digisign wrote: post #399

Earlier quoted context omitted.

They are required for the CC transaction, this adds an additional player that should not be necessary. In civilized countries they have direct bank to bank transfers.

"Civilized" countries?

Like the euro countries with IBANs?

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

#527

Post by rodgerd »

dzhiurgis wrote: post #478
Kognito wrote: post #454

Earlier quoted context omitted.

Haven’t used cash since the pandemic started in the UK. Covid encouraged even market traders and street food vendors to move to contactless payments - which were just about the final holdouts.

NZ'er here - haven't used cash for years, except when you sell something online or buy drugs. Spend is kinda hilarious - in supermarket checkout "can I pay $150 in cash and remaining using card?" just so you don't have to deal with coins.

Same, but it's largely been that way since the early 90s.

It's weird getting pitches from US FinTechs that are solving problems that literally only exist because of how painfully backward that US financial infrastructure is.

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

#528

Post by post_break »

skeeter2020 wrote: post #104
hn_throwaway_69 wrote: post #55

Earlier quoted context omitted.

Eh, I hope it doesn't. Tipping needs to die out. I'd prefer to have the moving company pay the movers a living wage such that a tip would be unnecessary and politely refused.

Please don't confuse the restaurant industry where tips subsidize wages with the original idea of tipping as a sign of gratitude an thanks. A tip can be a meaningful and impactful way to say "You went beyond expectation, did an awesome job and I really appreciate it". Why would you not want that option?

Tipping at a restaurant is the only place where I would tip face to face. Maybe a valet but I avoid that like the plague too since you're giving your car to someone and no accountability. Name a few face to face tipping scenarios besides food and valet that is common? I'm seriously blanking on anything.

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

#530

Post by el-salvador »

jalk wrote: post #520
Tempest1981 wrote: post #280

Earlier quoted context omitted.

> original copy-to-paper mechanism And when the pressure-stamp machine broke, the merchant would use a pen, and write the card number by hand. No problem.

Or just drag the length of the pen over the paper while card is underneath. Repeat a couple of times to get a good imprint while making sure to keep paper/card alignment

I've had this happen in 2018/2019 in a Central American country.
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