I have to admit, I'm an apple hater but... this actually changes everything. Maybe time to buy the new iphone.
Apple Pay
21–30 of 225 posts
Re: Apple Pay
#22I think I'm missing something on this, but how is it possible Apple isn't storing credit card information on the device or their servers? How are they connecting the payments you make with Apple pay back to the credit card you choose to use.
Re: Apple Pay
#23This seems similar to Google Wallet, which has been around for a few years. How does Apple plan to make this a bigger success?
if by similar you mean actually the same, yes they are similar
Re: Apple Pay
#24Can someone local find out where exactly the Antenna is? Nokia devices have been great at this with the touchpoint at the edges, which feels natural, while most Android devices have an awkward spot somewhere in the lower middle. Is it on the Apple logo? This may still make it feel awkward to use.
The Verge (among others) is reporting that the antenna is located along the top edge of the phone [1]. Photos of the Apple Pay gesture in action on the slides seems to corroborate this.
And my gut tells me that this is a secondary reason for why they moved the power button over to the right side of the phone (primary reason being to accommodate smaller hands with the larger screen sizes).
[1] http://www.theverge.com/2014/9/9/6107091/apple-watch-iphone-...
Re: Apple Pay
#25I think I'm missing something on this, but how is it possible Apple isn't storing credit card information on the device or their servers? How are they connecting the payments you make with Apple pay back to the credit card you choose to use.
I assume once they register your credit card number with the card provider, they have no longer any use for it. The connection between your card number and your apple id can be stored on the card provider side.
Re: Apple Pay
#26Does this work on the web or just in-app? What is Apple's Commission?
I am confused by this as well. I thought apple did not allow people to make credit card purchases within an app, am I wrong or will these rules change? Where is the line drawn for using an IAP vs Apple Pay (where I presume Apple takes no cut)
Re: Apple Pay
#27Can someone local find out where exactly the Antenna is? Nokia devices have been great at this with the touchpoint at the edges, which feels natural, while most Android devices have an awkward spot somewhere in the lower middle. Is it on the Apple logo? This may still make it feel awkward to use.
The Verge (among others) is reporting that the antenna is located along the top edge of the phone [1]. Photos of the Apple Pay gesture in action on the slides seems to corroborate this. And my gut tells me that this is a secondary reason for why they moved the power button over to the right side of the phone (primary reason being to accommodate smaller hands with the larger screen sizes). [1] http://www.theverge.com/…
Thanks! That sounds indeed as if they tried to optimize the experience. Watching people try finding the NFC sweetspot by swiping the bottom of their device around on a reader deviceis painful.
Re: Apple Pay
#28How are they deciding who can accept Apple Pay in stores? For instance, how do mom and pop shops who use Square readers get on board with Apple Pay? Is it safe to assume that in the future, an iPhone itself can be a device that ACCEPTS payments too?
Jack Dorsey just posted on twitter that square will support Apple Pay. https://twitter.com/jack/status/509413534862544896
How will they actually accept the payment though? Apple Pay requires Touch ID (or Apple Watch), which is the consumer's device.
Does that mean there will be an API for 3rd party developers to ACCEPT Apple Pay over the air? Or do they have to build a special Card Reader? Or would they have to bring back an Apple Pay supported Square Wallet app?
Re: Apple Pay
#29From what I gather, it's a tokenized mobile payment system using NFC. The cool part would be the "dynamic security code" - essentially a 2 factor authentication.
Most likely performs a card not present transaction on a back-end system, not sure how they wouldn't store the card number though. I imagine each merchant will have to get setup to acquire finds from this payment method.
I'm fine with this - I believe 2 factor authentication and tokenization is the way to go with payments, but I'm hoping for some innovation on the POS end so that the payment networks have a standardization.
Edit: I'm the opposite of an Apple fan, but network based payment tokenization with 2 factor authentication is something I've been preaching for a while now!!
Re: Apple Pay
#30This seems similar to Google Wallet, which has been around for a few years. How does Apple plan to make this a bigger success?
Hopefully this means stores will actually install the NFC readers or whatever.
One interesting unrelated development: the US is moving to chip-and-PIN cards next year. Merchants that don't move over to the new system (in other words, those that still take signatures instead of having you do the chip-and-PIN thing) will be responsible for fraud that occurs in their stores... so merchants will switch.
If merchants are getting new credit card terminals anyhow, it seems likely they'd get NFC compatible ones.
I noticed that the Whole Foods near me just changed their credit card terminals a couple of weeks ago...