141–150 of 225 posts
ApplePay is only on iPhone 6. This means that the availability rate for this technology will get into (tens of) millions in a couple of years, based on the update cycle with the phone carriers. Realistically we're talking 2-4 yrs. Plenty of time for providers to get acquainted with the technology and to integrate it into their retail systems. For developers it would be interesting to see how the API looks like and if…
ApplePay is only on iPhone 6. This means that the availability rate for this technology will get into (tens of) millions in a couple of years, based on the update cycle with the phone carriers. Realistically we're talking 2-4 yrs. Plenty of time for providers to get acquainted with the technology and to integrate it into their retail systems. For developers it would be interesting to see how the API looks like and if…
This seems similar to Google Wallet, which has been around for a few years. How does Apple plan to make this a bigger success?
Google Wallet was terrible because you had to unlock your phone and enter a PIN, making it instantly way more cumbersome than swiping a card. Since the iPhones that have NFC also have TouchID, they can authenticate you instantly without resorting to a PIN. If it works as advertised, it will be a huge improvement over Google Wallet. (I still think Square got closest to an ideal payment scheme with Pay with Square, whe…
Does anyone know why exactly payments in apps also require the iPhone 6? I thought that iPhone 5S also had a secure element for storing data (Touch ID).
ApplePay is only on iPhone 6. This means that the availability rate for this technology will get into (tens of) millions in a couple of years, based on the update cycle with the phone carriers. Realistically we're talking 2-4 yrs. Plenty of time for providers to get acquainted with the technology and to integrate it into their retail systems. For developers it would be interesting to see how the API looks like and if…
Also on the watch.
Earlier quoted context omitted.
Google Wallet uses exactly whatever standard let's you tap a credit card to a contactless payment terminal. I assume Apple Pay is the same thing?
They use the same tech to communicate (NFC) but Apple's security features seem unique.
What is Apple's Cut going to be to use Apple Pay ? 1. Say, I have an app that will Apple Pay. So in addition to 30% cut made by Apple for my app will using Apple Pay cost more ? 2. I understand this will require NFC terminal to recognize the payment through Apple Pay but that's in physical store. If I already have some payment method setup for my app why should I choose to use Apple Pay ? or I guess my question is Ap…
Apple Pay won't change anything about purchasing apps / in-app purchases.
Apple Pay won't take a 30% cut of every transaction.
Does anyone know why exactly payments in apps also require the iPhone 6? I thought that iPhone 5S also had a secure element for storing data (Touch ID).
Would you like to pay with "Apple Pay", "Google Wallet", "Windows Payment", "BlackBerry Wallet" or "Web Payment"? OK, NFC or BLE?
Earlier quoted context omitted.
Looks like Apple's commission is ~15-25 BPS for participating banks (from those banks): "The biggest “surprise” over last 2 months is that Apple has squeezed 15-25bps from the 5-6 participating banks at launch (C, BAC, COF, JPM, Amex and perhaps WFC)." http://blog.starpointllp.com/blog/?p=3855
BPS?
A unit that is equal to 1/100th of 1%