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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

#671

Post by alwillis »

dagmx wrote: post #208
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

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

Not only must you be reviewed by the App Store, but your app will require security entitlements to act as a payment processor. And you'll have to be a registered Apple developer in good standing.

If a malicious actor went through all this trouble to grab some transactions, they'd be shutdown within hours of the scam and Apple would refund the money.

Also, who's going to trust or want to use "Bob's rando payment processor"? No merchant is going to do that.

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

#672

Post by sbcd »

jacquesm wrote: post #467
tuyiown wrote: post #223

Earlier quoted context omitted.

For france: contactless on phone should be ok with widely used card providers (VISA) Beware, since covid, use of cash has dramatically fallen, last month a restaurant struggled to give me 2€ change, they didn't have 2€ in cash ! Paying in cash with the right amount should never be a problem though.

That may have been a signal that you should tip more.

France is not America, thank you very much. I have never seen people leave tips here.

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

#673

Post by stephen_g »

GrifMD wrote: post #593
stefan_ wrote: post #583

Earlier quoted context omitted.

Because I can somewhat trust the Square terminal will show the correct amount? If I swipe some random persons iPhone, whats stopping them from showing a $10 total and charging $1000? Is the iPhone gonna print a receipt?

This is an interesting to think about. Say you're at an ice cream stand that has a Square Reader (the little square hockey puck reader) that's paired with an iPhone running Square's payment reader. The merchant rings you up for $5, shows you the phone in their hand indicating the cost, and the Square Reader lights up to show it's ready for payment. You pay via inserting your credit card, which processes in a few seco…

Can’t you turn on in your bank app to get a push notification immediately on every transaction? I have this turned on for both of my credit card accounts, so literally within a second or two of tapping or inserting (whether physical card, or Apple Pay on the watch or phone) I get a notification telling me how much was just charged to my card.

Useful for double checking that something hasn’t gone wrong and I haven’t been charged the wrong amount! I’d also see if a fraudulent transaction went through.

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

#674

Post by stephen_g »

profmonocle wrote: post #209
melling wrote: post #23

Earlier 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…

The magnetic stripe is basically phased out in Australia. Sometimes readers let you swipe if the chip doesn’t read after the second try, but the terminals actually don’t let you swipe otherwise and tell you to insert the card if you try!

It’s been like this for several years now - and tap to pay has basically been the default (for purchases under $100) for even longer.

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

#676

Post by anitil »

stephen_g wrote: post #674
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…

The magnetic stripe is basically phased out in Australia. Sometimes readers let you swipe if the chip doesn’t read after the second try, but the terminals actually don’t let you swipe otherwise and tell you to insert the card if you try! It’s been like this for several years now - and tap to pay has basically been the default (for purchases under $100) for even longer.

I think the limit has been raised now? I bought something for around $130 and tapped for it the other day

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

#677

Post by ec109685 »

anonymouse008 wrote: post #393
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 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

Apple relies on payment processors for ApplePay as well, so this is normal.

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

#678

Post by potamic »

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?

If businesses see their employees making more, you can guarantee that they will reduce wages. Because total compensation is the bargaining chip in this contract between employer and employee, and what determines demand for that job. When this happens, it hurts the people who are less advantaged in making tips. You can find plenty informartion on how gender, race, age and appearance play a huge factor in making tips.

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

#679

Post by namibj »

digisign wrote: post #626
namibj wrote: post #552

Earlier quoted context omitted.

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.

Yes, though I actually prefer non-instant... at least once I fixed my bill-pay amount before it cleared at 10pm that evening.

Oh sure, that instant effect is more important for transactions where you don't feel like waiting for it clearing before getting the "reward". Say, being able to buy at an online shop before noon to get it shipped the same day, without any credit history or such required.
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