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Apple unveils contactless payments via Tap to Pay on iPhone

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Re: Apple unveils contactless payments via Tap to Pay on iPhone

#691

Post by rat9988 »

alwillis wrote: post #650
monkeynotes wrote: post #412

Earlier quoted context omitted.

I am surprised Apple didn't make this a closed system and compete with Square for small businesses.

I am surprised Apple didn't make this a closed system and compete with Square for small businesses. Apple isn't Microsoft. When was the last time Apple created something consumer facing from scratch instead of using industry standards or market leaders if they exist? They generally don't explicitly compete with commodity businesses unless there's something unique they're attempting to accomplish. They do stuff just b…

> When was the last time Apple created something consumer facing from scratch instead of using industry standards or market leaders if they exist?

I'm too lazy to recall every detail, but it happened, often. Last exemple I have in mind is maps. As far as tech is concerned, I believe metal is their own inhouse invention?

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#692

Post by msh »

HWR_14 wrote: post #411
josephg wrote: post #344

Earlier quoted context omitted.

I had no idea if the magnetic stripe on my (australian) credit card worked until a recent trip to the USA. I’ve had that card for years and I don’t think I’ve ever swiped it before. Australian POS terminals won’t let you use the magnetic strip on a card when chip & pin is available. Even inserting your card seems old fashioned now - PayPass (contactless payment) is by far the most common way to pay in australia. Each…

I'm far more likely to have my wallet on me than my phone. Credit cards have infinite battery life, 100% waterproofing, no real-time tracking/spying and low to no cost to lose. Cash trades out the low cost to lose for anonymity.

I think you are in the minority here.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#693

Post by thasaleni »

this is dope, and also something I have been working on on android (yes I am gonna be that guy, Android has supported this for a long time)... it's great for informal merchants, and maybe waiters that run around a bar collecting bills from customers... but actual POS devices aren't going anywhere, there is always gonna be a need for them, this function has been there and even has a name (softPos) many companies can give you this functionality TODAY on your android phone, so yes apple devices can now participate but it won't shake the market as everyone thinks.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#694

Post by kazanins »

WatchDog wrote: post #582
anonymouse008 wrote: post #393

Earlier quoted context omitted.

The real news is Apple specifically took a non competitive stance — making the API available to third parties like Stripe - rather than building in house, leveraging Apple Card connections, or similar

Presumably, in order to become an approved partner, you need to pay a kickback to apple.

Exactly! Same story as with Apple Pay: if you, as a card issuer, want your customers to use Apply Pay, you need to pay Apple.

Running "software POS" on Android does not require any special "partnerships" with Google, as access to NFC is open.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#695

Post by can16358p »

batuhanicoz wrote: post #500
can16358p wrote: post #316

Earlier quoted context omitted.

If only our banks also supported Apple Pay...

That's probably a BDDK (regulatory body for banks) issue. Good thing is you can actually use Apple Pay, I use my Watch to pay for stuff all the time. You have to have a foreign bank account that supports it, I use Wise since it allows Turkish customers.

Any issues about taxing etc if I get directly paid to Wise? I'd love to be able to use Apple Pay in Turkey.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#696

Post by vineyardmike »

Nursie wrote: post #654
vineyardmike wrote: post #642

Earlier quoted context omitted.

Yea... the Apple Card doesn't have RFID chips.

Why would it, you have your iPhone, right?

Yea, practically speaking the physical card is just a trinket to get people to sign up for the card.

BUT contact free payment via card and Apple Pay contact free payments are slightly different and I’ve been to POS terminals that had one but not other. But the point was that there exists cards that don’t have nfc capabilities, including the one made by the company at center of article.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#697

Post by Angostura »

tl wrote: post #579
Angostura wrote: post #548

Earlier quoted context omitted.

> We saw how it took 10+ years and a dominating market position for Apple to show their claws with controlling 3rd parties with the App Store. M Really? I thought Apple's position was fairly consistent and it took 10+ years for the companies using the App Store to get antsy.

That's a fairly revisionist view of history. Large partners had earlier had special pricing (ex: Netflix) lax enforcement of rules (ex: Facebook). Blowups where Apple presumed the right to levy a fee are also well known (Amazon book sales, Uber fares). The smaller fish got consistently screwed and no one was happy per se, but the sheer stupidity of Apple's recent actions do not help matters. For example, the app stor…

Fair point about the previous inconsistent enforcement. Thanks

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#698

Post by Reason077 »

profmonocle wrote: post #632
Reason077 wrote: post #475

Earlier quoted context omitted.

> "Swiping pressure-sensitive paper over the raised numbers (the original method) is still possible, though I haven't seen a merchant actually do this since maybe the mid-2000's." I've noticed all the UK-issued cards I've received in the last year or two no longer have the raised numbers. Just the same details printed in ink on the card. Quite an improvement as the card details are easier to read now! Still seem to h…

Not sure about Europe, but here in the US you can use the magstripe if your chip is broken. After three failed scans with the chip it lets you use the magstripe. I've always felt like it defeats the purpose - if the idea is that the chip is harder to clone, couldn't scammers just make fake cards with phony chips, and do that when they use it? I'd say maybe it raises fraud alerts faster, but I had a friend who did thi…

> "Not sure about Europe, but here in the US you can use the magstripe if your chip is broken."

Yeah, this used to be the case (years ago) in the UK too. But now days, most card readers no longer have magstripe readers on them. The chip is the backup now in case contactless fails!

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#699

Post by thasaleni »

scrollaway wrote: post #688
munk-a wrote: post #360

Earlier quoted context omitted.

Rotating numbers are still extremely viable with fixed card numbers - it's possible to issue a set of semi-permenant printed numbers and also offer a tool that can issue additional digits for untrustworthy retailers or strange one-off payments. The removal of digits from the card itself is a cost being levied on the customer and it provides no real benefit.

Removal of digits reduces reissuances which are annoying for both issuer and customer.

Cards are moving towards no card at all i.e. virtual cards. USA is very slow in adopting new payment technology compared to the rest of the world. I live in South Africa and tap to pay is so much of a thing that you do not have to worry if you leave your card at home as you can tap at like 80% of the merchants, and if you can't they will have a fall back like QR code etc, NFC enabled cards have been around for years and all the merchants are really quick in adopting them.

Re: Apple unveils contactless payments via Tap to Pay on iPhone

#700

Post by profmonocle »

lmm wrote: post #687
profmonocle wrote: post #622

Earlier quoted context omitted.

This reminds of of when I was in Oslo back in 2014. We ordered food at a small restaurant after confirming they accepted credit cards. When it came time to pay, the woman behind the counter refused to scan our credit cards because they had no chips. (It would have worked, every other card terminal we'd used in the country still supported magstripe, and I saw that her machine had a scanner. She didn't say the reader w…

> It would have worked, every other card terminal we'd used in the country still supported magstripe, and I saw that her machine had a scanner. She didn't say the reader was broken or anything, just refused to try. Just because the terminal has a magstripe reader on doesn't mean her merchant account provider accepts it. Plenty don't, or some transfer the liability to the store in that case. > If the card hadn't worke…

> In 2014 a card that doesn't have a chip might as well be broken.

Chips were basically non-existent on US cards in 2014.

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