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Apple Pay on pace to account for 10% of global card transactions

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Re: Apple Pay on pace to account for 10% of global card transactions

#421

Post by blntechie »

commandar wrote: post #275
hprotagonist wrote: post #5

I unabashedly love apple pay and use it preferentially whenever I can. in the US, it's faster than chip-and-pin cards by a LOT. It rolls a new number every time I use it, so i can pay at sketchy gas stations at 2 AM and not care about skimming. More and more gas stations are upgrading their pump POS pads so i can refuel my bike without digging under my armour for my wallet. On websites, my only quibble is that it's o…

>More and more gas stations are upgrading their pump POS pads so i can refuel my bike without digging under my armour for my wallet. This is literally the first time I've heard a use case that would actually make me care about contactless versus a swipe/insert. Grabbing my phone off the RAM mount would be considerably easier pulling my gloves off and trying to fish out my wallet. In the past, I've always been incredi…

If you have an Apple Watch, you don’t even have to grab the phone.

Re: Apple Pay on pace to account for 10% of global card transactions

#422

Post by PhantomGremlin »

kelnos wrote: post #76
judge2020 wrote: post #27

Earlier quoted context omitted.

30-90 seconds is a big exaggeration. Using chip without a pin number takes at most 5 seconds, and using a pin only increases the wait for the duration it takes to enter the code.

I don't think I've ever seen a US chip reader take 5 seconds. 10-20 seconds seems to be the norm (at least for businesses that have always-on internet connections). Google Pay for me definitely takes under 5 seconds, unless the reader is particular about where I hold my phone, and I don't get it right on the first try.

Costco chip read takes 1 or 2 seconds.

Their POS software was obviously written by competent people who care about what they're doing. Not by clowns laid off by Barnum & Bailey.

Edit: I did a few minutes of reflection about this, since it's an astonishing claim compared to standard practices. But what's probably happening has to do with membership. A checkout begins with the POS system scanning a membership card. So the system already knows exactly who they are dealing with. Then the chip read can probably do less in terms of the transaction; perhaps the transaction is automatically approved once an initial chip read verifies that the card is present.

Just to be clear, this is using a standard Visa EMV credit card, not a Costco affiliated card.

Re: Apple Pay on pace to account for 10% of global card transactions

#423

Post by zie »

ric2b wrote: post #417
zie wrote: post #262

Earlier quoted context omitted.

source: "Apple doesn't retain any transaction information that can be tied back to you—your transactions stay between you, the merchant or developer, and your bank or card issuer."[0] 0: https://support.apple.com/en-us/HT203027

Right, Apple doesn't, Goldman Sachs does. I wonder which one you trust more and if you really prefer this data to be stored by GS. Once again Apple's marketing makes people believe things that aren't true, without actually lying.

You are thinking Apple Card, the Apple credit card, which is different from Apple Pay, the payment platform. That said, I don't disagree that GS almost certainly collects every bit of data they can.

Re: Apple Pay on pace to account for 10% of global card transactions

#424

Post by ceejayoz »

reaperducer wrote: post #415
ceejayoz wrote: post #399

Earlier quoted context omitted.

That doesn't matter, though. No one else touches the device.

You put your device down in public areas. You touch your nasty device and then touch other people, their desks, door handles, and on and on and on. The germs don't magically stay on the device.

The point is no one else touches my device or credit card, and I don't touch the terminal.

Re: Apple Pay on pace to account for 10% of global card transactions

#425

Post by jjeaff »

turc1656 wrote: post #379
aggie wrote: post #167

Apple Pay is great, but I wish it was more universally accepted at point of sale. But in the US we're not even at consistency in any form of POS payment method. Disney World (Florida) notably spent a BILLION dollars implementing a wonderful contactless payments++ system called MagicBand. [1] Last week I was shocked that at Disneyland (California), where they haven't implemented MagicBand, they not only don't accept A…

MagicBands are awesome. Took the family to Disney last year and it made everything a breeze. Photos, food plans, park/hotel/room access. Everything. All professional photos from the photographers walking around were just in our account when we logged in and could download whatever we wanted. FastPasses were linked as well from whatever we selected on our mobile phones. Best billion dollars they ever spent. Hands down…

I agree it is a nice perk. But I can't say it is anywhere close to "orders of magnitude" better. It was nice to not have to dig out a credit card for each purchase. But that is pretty minimal friction. And possibly welcome friction for those not on an unlimited budget.

Re: Apple Pay on pace to account for 10% of global card transactions

#426

Post by jjeaff »

tzs wrote: post #261
notJim wrote: post #26

I honestly love Apple Pay, but I don't use it super often because it makes me self-conscious. I feel like a bit of a dick for some reason. If you try to do something "weird" and it doesn't work, people get annoyed, or it feels like an imposition. Even when it works, people sometimes make some kind of comment. Relatedly, it's unpredictable whether it will work or not. It usually does, as long as the card machine says…

> I honestly love Apple Pay, but I don't use it super often because it makes me self-conscious. I feel like a bit of a dick for some reason. If you try to do something "weird" and it doesn't work, people get annoyed, or it feels like an imposition. 1. Get an Apple Watch. In the following, I will assume you wear this on your left wrist. 2. Set up Apple Pay on the watch. Keep the card you have set up as your main Apple…

I seriously doubt anyone cares. It doesn't even cross my mind when I pay with Google pay. And I can't remember ever paying attention to how the person in front of me pays unless they are already holding up the line and then start pulling out coupons and checkbooks.

Re: Apple Pay on pace to account for 10% of global card transactions

#427

Post by rkuykendall-com »

ssully wrote: post #400
xenspidey wrote: post #385

Earlier quoted context omitted.

Google Pay (then Google wallet) came out in 2011, 3 years before Apple pay and 4 years before Samsung Pay. So no, Apple was not the one to field the technology.

Yeah, but it was another case of Apple doing it better then anyone. I was an Android user from probably 2009 until 2016 and used Google Wallet as much as I could. In fact, I think I still have my Google Wallet card [1] in a drawer at home. The simple fact was Google Wallet's NFC payments were neat when they worked, but the support was terrible. I am not sure if it's because the US was so behind when it came to credit…

It's like how people say Microsoft had resolution independence before Apple. It's true... if you don't care that it was shit. This is HackerNews though, the spiritual successor to "No wireless. Less space than a Nomad. Lame."

Re: Apple Pay on pace to account for 10% of global card transactions

#428

Post by sjwright »

muppetman wrote: post #352
sjwright wrote: post #225

Earlier quoted context omitted.

You are right that the core of Apple Pay security is functionally identical to chip and contactless transactions. However a seemingly trivial but important difference with Apple Pay is that it doesn't use your physical card number—instead it uses a different card number randomly assigned to your device. The payment networks can therefore recognise Apple Pay-assigned numbers and know to demand full Apple Pay authentic…

I live in New Zealand and both Google Pay and my Garmin watch have unique numbers. This doesn't seem to be Apple exclusive at all? I have 2 Garmin watches, 2 Google Pay capable devices and a single physical card and the numbers are all different. At least, the last four digits are.

Nobody said it was an Apple exclusive.

But to be fair, after trying to do payments in various other ways, Google eventually built their Android payments platform to be an almost perfect 1:1 recreation of Apple Pay.

(And this is a recurring theme with Android. I'm not saying Google aren't within their rights to build things however they wish, but it is remarkable how often Google make loud smug noises about how they've done things differently to Apple—only for those points of differentiation to quietly disappear a few years later. Say what you will about Apple, a company that makes plenty of horrible mistakes, but it's remarkable how often they do get things exactly right the first time.)

Re: Apple Pay on pace to account for 10% of global card transactions

#429

Post by sjwright »

blub wrote: post #405
sjwright wrote: post #225

Earlier quoted context omitted.

You are right that the core of Apple Pay security is functionally identical to chip and contactless transactions. However a seemingly trivial but important difference with Apple Pay is that it doesn't use your physical card number—instead it uses a different card number randomly assigned to your device. The payment networks can therefore recognise Apple Pay-assigned numbers and know to demand full Apple Pay authentic…

Is that US-only maybe? I've had the last 4 digits of my CC printed on receipts paid with ApplePay in Europe.

The last four digits of your physical credit card number are stored by Apple Pay for the purposes of account identification.

There are varying reports of people seeing unfamiliar (i.e. device) numbers and their card number on receipts. I've no knowledge about exactly why there's no consistency, but my suspicion is that Apple Pay sends these four digits as metadata during the contactless transaction. Older contactless terminals would ignore it and naively print four digits of the account number, whereas newer terminals might recognise that metadata and print that on the receipt instead.

It's also possible that the physical card's last four digits are being sent back to the terminal by the network.

Re: Apple Pay on pace to account for 10% of global card transactions

#430

Post by fphhotchips »

Consultant32452 wrote: post #318
fphhotchips wrote: post #284

Earlier quoted context omitted.

I've always found contactless to be significantly faster than insert and more reliable than swipe - have you not found the same thing?

I find insert/chip is much slower because I have to leave the card in the device and pay close attention to the screen to figure out when I'm allowed to remove it. With a swipe pulling my card out, swiping, putting card can in wallet is a single action.

Sure, but that's not contactless, that's chip and pin. Contactless is exactly that; you need not touch the machine (though many do).
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