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
#2Apple is enough of a behemoth to finally drag this industry forward. I use Apple Pay whenever possible. Mostly because it’s fast and secure. And I don’t mean “fast and secure” like a marketer, but actually fast and actually secure.
I can’t believe that the best thing the credit industry could come up with was chip and pin. Slow, insecure[1], and awful experience. Begone, parasites.
1. https://www.kaspersky.com/blog/chip-and-pin-cards-insecure/1...
Re: Apple Pay on pace to account for 10% of global card transactions
#3> Apple Pay accounts for about 5% of global card transactions and is on pace to handle 1-in-10 such payments by 2025, according to recent trend data compiled by Bernstein, a research firm.
Re: Apple Pay on pace to account for 10% of global card transactions
#4BART and Muni need to start accepting Apple Pay ASAP. You can already do it in the UK and many other countries.
Adoption of technologies like NFC payments in public transport is a good metric to see how competent a local government is.
Re: Apple Pay on pace to account for 10% of global card transactions
#5I 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 often very hard or not possible to enter discount codes or other special checkout options like "pick up in store" when using the apple pay button(s); when I don't have any codes, I dearly appreciate not having to make an account for that merchant and i'm significantly more likely to spend money at websites that support it.
Re: Apple Pay on pace to account for 10% of global card transactions
#6They will accelerate if they could roll out Apple Card around the world.
Re: Apple Pay on pace to account for 10% of global card transactions
#7[deleted]
Re: Apple Pay on pace to account for 10% of global card transactions
#8Apple is enough of a behemoth to finally drag this industry forward. I use Apple Pay whenever possible. Mostly because it’s fast and secure. And I don’t mean “fast and secure” like a marketer, but actually fast and actually secure. I can’t believe that the best thing the credit industry could come up with was chip and pin. Slow, insecure[1], and awful experience. Begone, parasites. 1. https://www.kaspersky.com/blog/c…
The patents underneath Apple Pay are mostly Mastercard...
Re: Apple Pay on pace to account for 10% of global card transactions
#9I 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…
I have actually started preferring 76 stations because they all support the 76 app which lets me pay without credit card. My card was skimmed (and recreated into a new physical card!) earlier this year, which almost certainly happened at a gas station.
Re: Apple Pay on pace to account for 10% of global card transactions
#10Apple is enough of a behemoth to finally drag this industry forward. I use Apple Pay whenever possible. Mostly because it’s fast and secure. And I don’t mean “fast and secure” like a marketer, but actually fast and actually secure. I can’t believe that the best thing the credit industry could come up with was chip and pin. Slow, insecure[1], and awful experience. Begone, parasites. 1. https://www.kaspersky.com/blog/c…
In Romania we have Visa PayWave for years. For small amounts you just wave the card in from of the POS and you are done. For bigger amounts you are asked your PIN and I find that reasonable.
I don't see how waving my watch in front of the POS would make this easier, it would actually be more cumbersome depending on how the POS is presented.