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Apple Working with American Express on iPhone 6 Mobile Payments

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Re: Apple Working with American Express on iPhone 6 Mobile Payments

#71

Post by snom380 »

personZ wrote: post #69
snom380 wrote: post #63

Earlier quoted context omitted.

Is the payment industry prepping for fingerprint authenticated NFC? In half a year we're likely to see discussions about how whatever Apple is launching in 9 days was "obvious" and how they once again just happened to catch the wave at the right time. And for some reason other companies suddenly find it technologically feasible to fit NFC into their wearables, something that was apparently impossible before 9.9. 2014…

Not only do you hold up things that Apple hasn't released, gloating about their grand innovation of vapour, you apparently don't realize that credit cards have NFC. There is nothing "impossible" about fitting NFC in just about anything, and your strawman simply makes no sense at all. Fingerprint authenticated NFC? That would be solving a complete non-problem, misunderstanding the whole role of NFC. You can get busine…

I know what NFC is. I know how easy it is to implement and how cheap it is (I have two dev boards myself). I was making a joke. My point was that after Apple releases something, many competitors often follow the same path, even though said technology has been available for years, the difference being that once Apple puts it together in a usable way and adds good software on top, others decide they need to implement the same thing. Was 2010 the year when a thin, ARM based tablet computer finally became technically feasible? Of course not. But when Apple released the iPad, the rest of the world rushed to follow their example (including BlackBerry and HP).

In any case, let's come back in half a year or a year and see how other companies have responded to what, if anything Apple releases next week.

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#72

Post by prawn »

pilsetnieks wrote: post #18
rmc wrote: post #12

Earlier quoted context omitted.

American Express is not commonly supported outside the USA.

Despite the name, it actually is. Not so much as Visa and MasterCard but it's still quite widespread. On the other hand, when I see an American tourist trying to pay with a Diners Club, I feel sorry for them.

Most places in Australia, if they support American Express, charge extra to cover fees.

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#73

Post by prawn »

twoodfin wrote: post #7
julianpye wrote: post #6

Apple working with 'INSERT ANY CC PROVIDER' on iPhone 6 Mobile Payments... More interesting is the question which technology will be used. NFC has to play a role here, because the technology is in the market and scalable. My weirder and more riskier bet is that NFC on the Apple wearable will refit all older iPhones with mobile payments. Until now noone has put NFC on a wearable, even though it makes most sense to hav…

John Gruber hinted at the same last week: http://daringfireball.net/linked/2014/08/28/september

What in our wallets/pockets couldn't be replaced by a single digital device (such as a phone)? Or a wristband/watch communicating with a phone?

In my wallet/pockets: cash, business cards, credit cards, driver's license, loyalty cards, keys.

Will we still carry the wallet as we know it in 5-10 years?

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#74

Post by nwh »

threeseed wrote: post #62
toomuchtodo wrote: post #59

Earlier quoted context omitted.

Isn't NFC much less secure though than chip and pin?

That is why in most countries (I can't speak for the US) they cap the maximum withdraw limit to something like $100. That way the risk to the bank and consumer is minimal. Here in Australia our largest bank (Commonwealth Bank) has an app that will generate a code that you can enter into the ATM to make a withdrawal i.e. card not required. It has a similar risk profile to NFC.

Pity the code is so long it's easier just to use your card.

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#75

Post by encoderer »

personZ wrote: post #47
marcobooth wrote: post #44

Earlier quoted context omitted.

I rarely use NFC payments for any purchases. If Apple gets into the payment space, I probably will. The reason they get credit is that people actually use the solutions they provide.

The reason they get credit is that people actually use the solutions they provide. The entire payment industry is moving to chip / NFC, and the parent offers up that maybe Whole Foods is prepping for Apple. No, they aren't. They're prepping for, again, the entire payment industry. Hundreds of products across all major payment vendors. You haven't used it because the US payment space in particular is very slow, but so…

> This happens repeatedly: Apple is very good at choosing the right time to enter a market -- hitting it when it hits primetime -- and then they get credit for creating the market. I

I know. Remember when Microsoft started the tablet market in 2003 and then Apple comes along 7 years later and steals credit for tablets! Psh!

And remember when Apple got credit for smartphones when all they did was enter the market that BlackBerry had created and turn it on it's fricken head with a device so much of a leap-frog that blackberry management thought would never ship? [http://mathiasmikkelsen.com/2011/05/blackberry-makers-though...]

And remember when they strolled into the MP3 player market after the Rio players were crushing it with literally thousands of units sold every year? They step into that market right when it's about to blow up and next thing you know, everybody acts like Apple was the company that put the white buds in everybody's ears!

In all seriousness, yes, Apple does of course time their entry into a market. And when they do, they unleash a torrent of innovation, marketing, and brand goodwill. I bet name recognition for fitbit is under 50% on the street. What do you think that would/will be if Apple released a similar wearable? Like them or not, Apple products are iconic. My dad knows iPod and iPhone. Do you think he knows HTC One? Or even Galaxy S?

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#76

Post by rmc »

Crito wrote: post #70
Theodores wrote: post #50

Earlier quoted context omitted.

Seems some people beg to differ. However AMEX costs more for the retailer, therefore, with everyone already with Visa/MC, why, as a retailer allow people to pay with AMEX? If you want to double your transaction costs, eat into your profit margin, have more admin for the book-keeper, then why not!!! Part of the point of AMEX is that everyone is insured against scammers that bit more, hence the higher price/charges, ho…

CC fraud in America, contrary to popular European belief, is not a problem for American consumers. American consumers are not liable for fraudulent charges made with their card; resolving them is a simple matter of telling your CC company that the charge was fraudulent (the majority of the time, the CC company has already figured that out themselves). Chip and Pin buys American consumers fuck-all; it is merchants and…

There are countless USA tourists who go to Europe with their non-chip-and-pin cards and then wonder why it doesn't work. And that must suck for your holidays. So let's try to reduce that.

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#77

Post by Drakim »

encoderer wrote: post #75
personZ wrote: post #47

Earlier quoted context omitted.

The reason they get credit is that people actually use the solutions they provide. The entire payment industry is moving to chip / NFC, and the parent offers up that maybe Whole Foods is prepping for Apple. No, they aren't. They're prepping for, again, the entire payment industry. Hundreds of products across all major payment vendors. You haven't used it because the US payment space in particular is very slow, but so…

> This happens repeatedly: Apple is very good at choosing the right time to enter a market -- hitting it when it hits primetime -- and then they get credit for creating the market. I I know. Remember when Microsoft started the tablet market in 2003 and then Apple comes along 7 years later and steals credit for tablets! Psh! And remember when Apple got credit for smartphones when all they did was enter the market that…

Nobody contests that Apple products are iconic. The trouble, a lot of people seem to think that since Apple popularized something, they "own" it now and any other company that enters the market (or was in the market before Apple!) is now "stealing" what rightfully belongs to Apple.

Re: Apple Working with American Express on iPhone 6 Mobile Payments

#78

Post by t0mas88 »

Oletros wrote: post #39
t0mas88 wrote: post #15

Earlier quoted context omitted.

True, although in the Netherlands this seems to be changing in the last few years. A lot of restaurants and stores for clothes/shoes etc are now accepting them. Grocery stores over here almost never accept credit cards. If Apple sings some kind of exclusive deal for iPhone payments with the credit card companies I expect that half of Europe will start accepting credit cards because people willing to pay for a 600 eur…

Since when European countries did not accept credit or debit cards?

I meant American Express. Acceptance of Mastercard and Visa is fine here, but American Express used to be far behind and is now playing catch-up.

And for groceries in Amsterdam for example you're going to be searching for quite some time for a supermarket that accepts credit cards. They only accept debit, which is what 99% of the population has as their primary card. Of course everybody has a credit card as well, but that's mostly used for online shopping and things like restaurants, not supermarkets.

So totally different from the US where any supermarket accepts credit-cards.

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