Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments • Hacker News Board

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#21

Post by stephenr » Wed, Jul 27, 2016, 5:34 AM UTC

I kept my Australian bank issued Visa card for a while when I first moved to Thailand, and used it while we were getting stuff set up locally.

Even though it's never presented locally, with that card cashiers would often get the "sign or pin" prompt on the terminal, and then ask me (or gesture if their English wasn't great), and I'd usually pick pin, which would then produce a slip with "No signature required" printed, which they would then insist I sign.

Just in the last few months I've noticed more contactless terminals at larger stores (particularly the nation-wide chains) but I can't imagine what confusing unnecessary process they'll end up using for that...

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#22

Post by honkhonkpants » Wed, Jul 27, 2016, 5:42 AM UTC

kinkora wrote: post #17

Kpourdeilami wrote: post #6

Earlier quoted context omitted.

Really? In Canada, almost everyone uses them and almost everywhere supports them

It's definitely a US thing. Here in Australia, everyone hardly uses Apple Pay and all major banks have their own cards/app that does NFC payments. I find it really strange that it is not widely adopted in the US since it removes a lot of friction when it comes to paying for stuff ergo encourages more business. I.e. my usual coffee joint was always packed in the mornings and since they adopted NFC payments a few years…

Experience here is the complete opposite. When I buy a coffee I hand the guy a few bucks and leave. If the clown in front of me starts waving their iPhone at the terminal, I start rolling my eyes and tapping my fingers.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#23

Post by honkhonkpants » Wed, Jul 27, 2016, 5:42 AM UTC

kinkora wrote: post #17

Kpourdeilami wrote: post #6

Earlier quoted context omitted.

Really? In Canada, almost everyone uses them and almost everywhere supports them

It's definitely a US thing. Here in Australia, everyone hardly uses Apple Pay and all major banks have their own cards/app that does NFC payments. I find it really strange that it is not widely adopted in the US since it removes a lot of friction when it comes to paying for stuff ergo encourages more business. I.e. my usual coffee joint was always packed in the mornings and since they adopted NFC payments a few years…

Experience here is the complete opposite. When I buy a coffee I hand the guy a few bucks and leave. If the clown in front of me starts waving their iPhone at the terminal, I start rolling my eyes and tapping my fingers.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#24

Post by thomasfoster96 » Wed, Jul 27, 2016, 5:42 AM UTC

forthwall wrote: post #4

This might be one of the few signs that Apple is giving out that it is moving more into the software field.

> ...that it is moving more into the software field.

Wow, if Apple is only just moving into the software field, they must have some killer apps on the way.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#25

Post by xbmcuser » Wed, Jul 27, 2016, 5:42 AM UTC

I really don't get what the whole hoopla about contact less payment is in the US we have had contact less payment cards for years now. And now they are working on a system that can use android pay and other nfc payment systems for mrt and bus services as well. Currently we can use the same nfc debit/credit card we have but it has a separate top up system.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#26

Post by nolok » Wed, Jul 27, 2016, 5:43 AM UTC

stephenr wrote: post #21

I kept my Australian bank issued Visa card for a while when I first moved to Thailand, and used it while we were getting stuff set up locally. Even though it's never presented locally, with that card cashiers would often get the "sign or pin" prompt on the terminal, and then ask me (or gesture if their English wasn't great), and I'd usually pick pin, which would then produce a slip with "No signature required" printe…

Thailand is a massively cash based society, especially with that whole "nobody pay their taxes" thing. Credit card are mostly used to take money out of the atm.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#27

Post by _kyran » Wed, Jul 27, 2016, 5:44 AM UTC

I haven't used cash in Australia in the past year. Contactless payments on any purchase under $100 is dead simple and it's a lot easier to tap a bit of plastic that authenticate and use a phone.

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#28

Post by chmars » Wed, Jul 27, 2016, 5:45 AM UTC

stephenr wrote: post #21

I kept my Australian bank issued Visa card for a while when I first moved to Thailand, and used it while we were getting stuff set up locally. Even though it's never presented locally, with that card cashiers would often get the "sign or pin" prompt on the terminal, and then ask me (or gesture if their English wasn't great), and I'd usually pick pin, which would then produce a slip with "No signature required" printe…

Signing actually helps against fraud: Signatures can be compared, PINs cannot – and you can be made liable … :(

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#29

Post by JumpCrisscross » Wed, Jul 27, 2016, 5:45 AM UTC

jjcm wrote: post #11

I think a better market to look at for contactless payments is Australia. Over here we use them for everything . Apple pay has just started rolling out and pretty much 95% of places I've shopped/eaten at support it. If you're curious about adoption rate, it's a good case study as there's an existing contactless credit card system already in place.

"The consumer in the U.K., Australia and Canada is able to use the same form factor everywhere she shops. The contactless card that she taps one place is the same card that she dips at merchants that may not be contactless-enabled. In those places and in those markets, consumers don’t have to put away a contactless card and pull out another form factor to pay for something at a merchant she likes to visit.

Yet, that’s what the consumer is being asked to do in the U.S." [1]

It seems the UK and Australia's concentrated banking/payments sectors (e.g. Barclays drives 40% of British credit and debit spend and has 38% of the British merchant acquirer space [1]) facilitated a fast and coördinated roll-out.

That said, to what degree was Apple Pay designed for in-app, versus meatspace, purchasing? (Irrespective of how it was pitched to JPMorgan and friends.)

[1] http://www.pymnts.com/nfc/2016/uk-lessons-for-us-mobile-paym...

Re: Apple Pay Now Accounts for Three-Fourths of U.S. Contactless Payments

#30

Post by kereta » Wed, Jul 27, 2016, 5:47 AM UTC

It will probably increase after back-deals to slow down the chip payment method.

Electronics: nano-seconds, Software: micro-seconds, Internet communication: mili-seconds, Waiting 10+ seconds for nothing: Priceless!

Keep up the shady deals Apple! Mr Monocle Vanity Warbucks you!

Still not as evil as that shady let's cheat the engineers, Arnon guy making salary-cap anti-competition deals between Google/Apple/Adobe/Facebook though. Geez that piece of human garbage.