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So we want to make payments via our phones. My first thought would be to create a protocol for this. Instead we get ApplePay and GoogleWallet and whatnot. If the internet was invented today, we would have AppleMail instead of email and GoogleTrans instead of http.
So we want to make payments via our phones. My first thought would be to create a protocol for this. Instead we get ApplePay and GoogleWallet and whatnot. If the internet was invented today, we would have AppleMail instead of email and GoogleTrans instead of http.
Apple pay is an interesting and natural move from Apple. They probably have the largest number of credit cards info on earth. I think this business can eventually become larger than the iTunes if they execute it well. I couldnt find any information on whether Apple pay users can use this for online purchases or not. If they do this may be their next move will be to naturally be the Paypal competitor.
Does Apple charge anything for the transaction?
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The cynic in me winces when thinking of the mess all the banks and interested companies would make trying to get together and build a payment standard. Just look at the terrible mess of stuff like OFX.
FIX
I really hope this doesn't end up fragmenting the NFC payments space. Only Apple Pay is accepted in one place, and only Google Wallet is accepted in another. Both of these technologies work with contactless card readers, let's just stick with that.
I have a feeling on the terminal side, it looks just like like a plastic card with PayPass.
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Does Google Wallet have similar security features, such as not storing or transmitting your actual credit card number or your name, or use of a secure enclave in the phone hardware?
No. Google Wallet simply blurts the magstripe information into the reader over NFC. It has no security features to speak of.
Chrome is complaining that Google Safe browsing detected an ongoing phishing attack.
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Does Apple charge anything for the transaction?
I'm REALLY curious about this. Will they charge a transaction fee and have it as another revenue stream for them (like iTunes/App store)? Or is it going to be another commoditization of their competitor's/partners products in order to move more hardware (like iMessage). If it's the latter that would be a HUGE deal. I just can't imagine they would be able to resist taking a slice of that $12 billion/day transaction pi…
Anyone else seeing a 'Phishing attack ahead'? Chrome is complaining that Google Safe browsing detected an ongoing phishing attack.