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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

#551

Post by post_break »

bobbylarrybobby wrote: post #544
post_break wrote: post #528

Earlier quoted context omitted.

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.

Barber shop, movers, cab driver, bellhop, coat check person, doormen/building staff around the holidays

Maybe I'm a prude but I wouldn't tip for any of those services besides getting a hair cut. Need to add elevator driver and that guy in the bathroom who stands around and makes everyone uncomfortable.

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

#552

Post by namibj »

digisign wrote: post #534
namibj wrote: post #526

Earlier quoted context omitted.

Like the euro countries with IBANs?

NZ and similar has had bank to bank payments for ...decades?

Fee-less and effectively instant? That's the state we are at, now, though it doesn't work for all banks due to the separate clearing system for instant transfers. Normal transfers just take a bank day delay if you're unlucky.

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

#553

Post by manquer »

snotrockets wrote: post #396
manquer wrote: post #308

Earlier quoted context omitted.

Threat model should include banks , credit scores and spending patterns of credit cards is the foundation of credit worthiness in this country . For example, your credit score is penalized if your have high utilization on your card doesn’t matter if you never default on a payment, Low credit score results in low limits in turn keeps utilization high. Bank knowing I defaulted on a card as a risk parameter is one thing…

Those are highly regulated, regarding which data they can or can not use, and that regulation is (surprisingly?) very consumer friendly. There's more of a risk of a CRA getting hacked and their collected data being sold

The advise I have always given is you must have credit history to apply for any sort of loan. To get a good history apply for a credit card even if you don't need one and use it, but no so much that your utilization is too high that will reduce your score. Merely apply for a loan your credit score goes down just cause you applied!. How is this consumer friendly ?

It would be one thing if Credit Score for a government run central thing, couple of private companies having all your spending data without your consent at all seems major invasion of privacy.

Scoring methodology depends on sharing my private spending data to others, data that I cannot control being resold or have full visibility into its use. CRAs will try to charge you to "freeze" your credit or even see your own data!.

This is extremely anti-consumer, CRA industry did not develop for consumers or their protection, it is merely a tool for businesses to improve their operations.

Imagine if FB had a "social credit" and that is now used every social gathering as an eligibility criteria, and Facebook charged you to see your own data, that is how the current system feels.

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

#554

Post by jhatax »

jedberg wrote: post #539
tantalor wrote: post #536

Earlier quoted context omitted.

The clerk is the store. Your obligation ends when the clerk has the money.

But how do you know the clerk works for the store? You don’t feel at all obligated to make sure they are actually the store?

From the way you are describing this, you seem distrustful of someone who walks up to you with a device, scans a barcode, shows you the price of said item which matches the tag in your hand, prints a receipt, accepts a tap as payment, let's you walk away with said item.

This flow summarizes almost every transaction I have had at Banana Republic, Gap, and the Apple Store, to name a few retailers. I have not had reason to distrust the clerk, disheveled or otherwise. Once I receive a notification from my credit card that an entity with the same name as the store has posted a transaction to my card, I walk out the door with my purchase. I have not once thought (or cared) about the store receiving the money once I am out the door.

What's the reason for the distrust?

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

#555

Post by munk-a »

CamperBob2 wrote: post #522
moron4hire wrote: post #362

Earlier quoted context omitted.

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.

Well, in all fairness, Uber mostly killed the whole taxi industry by being really really illegal and not following any of the rules - including those meant for regulatory capture and those for safety. About 3000 women are sexually assaulted by Uber drivers every year - I'm not saying that doesn't happen with taxis too, just be careful about painting a too-rosy picture.

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

#556

Post by draw_down »

dkonofalski wrote: post #123
danShumway wrote: post #78

Earlier quoted context omitted.

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.

No post body was provided.

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

#557

Post by girvo »

lostcolony wrote: post #521
siver_john wrote: post #488

Earlier quoted context omitted.

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.

Wow really? That’s surprising for some reason. Here in Australia that’s super common, RFID is in every card you can think of.

If I go to the farmers market on the weekend, they all accept cash or tap-to-pay with a Square tap-only reader, and that’s it.

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

#558

Post by alephnan »

SOLAR_FIELDS wrote: post #400
ritwikr wrote: post #60

Earlier quoted context omitted.

Stripe does have a physical terminal too ( https://stripe.com/terminal ) but I've never seen it at a merchant.

Huh, I did not know that, I’ve also never seen one out in the wild.

2018: "Square become Stripe, while Stripe becomes Square"

Stripe's bread and butter is payment backends, while Square was the point-of-sales system

https://news.ycombinator.com/item?id=18007454

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

#559

Post by reaperducer »

gtk40 wrote: post #349
dkonofalski wrote: post #123

Earlier quoted context omitted.

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.

In my area most restaurants with table service don't have an easy way to do tap-to-pay (a few chains have something at the table for you to pay at that supports it). Also two of my most common retailers do not (Kroger and Home Depot). Very few gas stations support it, though the one closest to me recently added it.

Kroger and Home Depot

Yep, Kroger and Home Depot are the biggest stores I've been to recently that don't take tap-to-pay, but there are some other national chains.

Also recently: my neighborhood florist, doughnut shop, parking garage, and hamburger stand don't take tap-to-pay. I've never been to a gas pump that does, though they all have the logo for it on the front. Every time I've inquired, the people inside say it's not enabled.

Record stores are about 50%. The one I went to most recently, I had to show them how to do it.

But interestingly, my shoeshine guy does take tap-to-pay.

I always keep at least one backup card and some cash in my wallet. I recently had to make an emergency trip to the Walgreens at 5am, and its credit card/tap system was down. It was cash-only for about a week. Glad I had cash backup so my family member's health wasn't held hostage by a technology glitch.

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

#560

Post by jedberg »

syspec wrote: post #541
jedberg wrote: post #368

Earlier quoted context omitted.

If a random disheveled looking person comes up to you in the middle of a store and says "I can take your cash and give you a receipt", and they they show you a legit looking receipt, do you feel that it would be ok to give them money and take the receipt? Sure, it's the store's job to make sure people aren't impersonating their employees and stealing their receipt papers, so that's on them right?

That's exactly what they do at the Apple store, and they don't seem to be hurting for business

I never said the would be hurting for business, so I'm not sure how that's relevant.

That being said, the Apple store has security guards up front and it's generally a pretty small space where someone faking it would be noticed.

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