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Stripe and Apple Pay

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Re: Stripe and Apple Pay

#71

Post by dalyons »

stephenr wrote: post #69
jawngee wrote: post #66

Earlier quoted context omitted.

No, nobody really uses checks anymore. Most payroll is direct deposit, person to person is Paypal, Venmo or your bank's version of them. Edit: bills and rent are possibly the last hold out, but usually you set up bill payments through your bank.

I remember reading tweets from an Australian that moved to the US (to work for Apple as it happens) commenting on the banking system maybe 2 or 3 years ago: Basically his experience was: - Cheques were still reasonably common, to the point that some bank(s) had mobile apps to scan a cheque to deposit it! - "Bill payments" through a bank usually involved bank staff literally preparing a cheque on your behalf, and mail…

I'm an Aussie who's been I'm the Bay Area for about a year now, I'll confirm what you say, American banks are absolutely prehistoric compared to Australia. Cheques are still very common for rent, govt etc(I haven't filled out a bloody cheque since my Dolomites account when I was 12). Paying other people for shared expenses (dinner, weekend away etc) is a mess of 3rd party services, some of which charge fees, none of which are ubiquitous. I still end up dealing in cash for a lot of things(!). I never thought I'd say it, but I miss the aus banks so much, it's just so inconvienient here.

Re: Stripe and Apple Pay

#72

Post by stephenr »

jawngee wrote: post #70
stephenr wrote: post #69

Earlier quoted context omitted.

I remember reading tweets from an Australian that moved to the US (to work for Apple as it happens) commenting on the banking system maybe 2 or 3 years ago: Basically his experience was: - Cheques were still reasonably common, to the point that some bank(s) had mobile apps to scan a cheque to deposit it! - "Bill payments" through a bank usually involved bank staff literally preparing a cheque on your behalf, and mail…

Wire transfers are not common (other than Direct Deposit). Yes, banking apps can scan and deposit checks. Most banks offer a paypal like feature to send money to people. People prefer paypal to using those services though. I sometimes still get paid by clients using checks, but most have switched over to direct deposit or paying with credit cards. International wire transfers are another beast due to the IRS and all…

And then wait for it to clear, hope it doesn't get lost, order a new cheque book, etc.

Edit: did you notice what I said about transfers in Thailand: instant. I can, within about 90 seconds, send money to a person or business at any other bank in the country. A cheque is only "basically the same time" if your scale for comparison is years.

Cheques are absolutely a pain in the ass, and you're kidding yourself if you think the us isn't woefully behind the times in terms of banking.

I thought thailand was bad when I tried to setup a foreign currency account, but it's like Star Trek era banking compared to amercia

Re: Stripe and Apple Pay

#73

Post by induscreep »

evanspa wrote: post #65
awicklander wrote: post #45

Earlier quoted context omitted.

So is Apple Pay in essence another way to get a credit card processed against stripe? If you have an app that customers can store credit cards on, it's not clear to me what the additional benefit of apple pay is? Is it simply a better/faster way of getting the card information to stripe by way of thumb press as opposed to key entered?

With Apple Pay, your physical credit card number is NOT stored on the iPhone 6's secure element; instead, a token is (the token is effectively an alias to your credit card number; it looks like one too - is 16 digits, etc, so will work nicely w/existing payment infrastructure). So there's additional security there. If your iPhone 6 is stolen, you can report it stolen, and the issuing Bank of your credit card will sim…

Just curious...does Google Wallet also do the same thing?

Re: Stripe and Apple Pay

#74

Post by induscreep »

jonknee wrote: post #48
induscreep wrote: post #41

Earlier quoted context omitted.

You actually can: "The alternative is to provide your own server-side solution to receive payments from your app, decrypt payment tokens and interface with the payment provider. Handling credit and debit card payments can be complicated and unless you already have the expertise and systems in place, an SDK from a payment provider is the quickest and most reliable way to support Apple Pay in your app." From: https://d…

... That's not directly. The "interface with the payment provider" is what Stripe is and this lets you interface with Stripe.

What is the barrier in building your own interface with the payment provider? Is it red tape, or technical challenges?

Re: Stripe and Apple Pay

#75

Post by astral303 »

induscreep wrote: post #73
evanspa wrote: post #65

Earlier quoted context omitted.

With Apple Pay, your physical credit card number is NOT stored on the iPhone 6's secure element; instead, a token is (the token is effectively an alias to your credit card number; it looks like one too - is 16 digits, etc, so will work nicely w/existing payment infrastructure). So there's additional security there. If your iPhone 6 is stolen, you can report it stolen, and the issuing Bank of your credit card will sim…

Just curious...does Google Wallet also do the same thing?

no

Re: Stripe and Apple Pay

#76

Post by sickyd »

pc wrote: post #28
trevmckendrick wrote: post #26

Earlier quoted context omitted.

https://support.stripe.com/questions/apple-and-stripe-tos-an... I assume this would apply to Apple Pay, too.

No; this is now out-of-date. (I work at Stripe.)

But... https://developer.apple.com/apple-pay/Getting-Started-with-A...

Re: Stripe and Apple Pay

#79

Post by Alphasite_ »

comex wrote: post #46
unfunco wrote: post #34

Earlier quoted context omitted.

Which sort of makes sense with today's announcements, they said they had the ability to now detect between taps and presses with the Apple Watch, that technology seems like it could be easily integrated under a trackpad as-well...

Apple trackpads can already distinguish between a finger touching them and being physically depressed, though I don't know what it has to do with payments.

Thats a very different mechanism.

Re: Stripe and Apple Pay

#80

Post by batuhanicoz »

madeofpalk wrote: post #67
scholia wrote: post #64

Earlier quoted context omitted.

In Europe, we can already pay for things with contactless bank cards, without even tapping (up to about $30). If you want to do it like NFC or iPay, you can always stick your payment card to the back of your phone.... UKCards Association says "44.6 million contactless cards in circulation in the UK, used to make 22.1 million contactless transactions in May 2014". http://www.theukcardsassociation.org.uk/contactless_co…

You joke about sticking your card to your phone but that's what my bank did https://www.commbank.com.au/blog/tap-pay-new-commbank-app-io...

We have NFC sim cards in Turkey that enables regular phones (even dumb ones) to make purchases. (http://www.garanti.com.tr/en/personal_banking/credit_cards/b...)

There are also NFC enabled stickers, watches and key fobs.

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