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Apple Pay

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one.of.a.kind

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Dec 31, 2013
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Unique, Canada
Apple Pay turns iPhone into credit card.

"Apple Pay will be easier, safer, and available with every major credit card -- and at far more retailers than the competition."

140910025419-applepay-vs-paypal-620xa.jpg




http://money.cnn.com/2014/09/10/technology/security/apple-pay/index.html?hpt=hp_t1
 
Won't work in Canada until the CBA, Visa, MC and Amex come on board. Then you have Rogers, Bell, Telus and Shaw to deal with too. Gonna be a while...
 
WinterHawk said:
Won't work in Canada until the CBA, Visa, MC and Amex come on board. Then you have Rogers, Bell, Telus and Shaw to deal with too. Gonna be a while...
Click to expand...

I wonder if this is true, would seem to be a big HW upgrade opportunity for the telecom companies, Visa, Amex and MasterCard are on board in the US, wouldn't seem that hard to extend to Canada.
 
Canada is better prepared for NFC payments then the US as Canadians are in the top ranks for using debit cards. But Apple Pay won't go forward here without the Banks as they own the infrastructure via Interact.
 
Why should anyone trust APPLE? Their cloud is real secure...im sure they'll do nothing much to protect your info...besides you folks need to wise up, your data goes cross border read your licence to be raped by apple agreement.
 
I like using my phone to pay. (SBux, Timmies)

But

Air Miles?
 
WinterHawk said:
I didn't say it won't happen, it's just that Apple has a lot of hurtles to jump before hand...
Click to expand...

I doubt it will take that long, the Banks will want to maintain their wallets but Visa/MC/Amex can easily subvert that.
 
one.of.a.kind said:
Apple Pay turns iPhone into credit card.

"Apple Pay will be easier, safer, and available with every major credit card -- and at far more retailers than the competition."

140910025419-applepay-vs-paypal-620xa.jpg
Click to expand...

Of course this photo is a little misleading. Apple Pay won't work with the iPhone 4 or 5 unless you purchase an Apple Watch. I doubt many people are going to buy and wear the watch simply to use the Apple Pay feature. The other option is to buy an iPhone 6. How convenient, well for Apple any way. :rolleyes:
 
GameBoy27 said:
Of course this photo is a little misleading. Apple Pay won't work with the iPhone 4 or 5 unless you purchase an Apple Watch. I doubt many people are going to buy and wear the watch simply to use the Apple Pay feature. The other option is to buy an iPhone 6. How convenient, well for Apple any way. :rolleyes:
Click to expand...

And I don't get why people are so excited for this when the framework has already been in place for NFC payments for years and everyone is just waiting for places to get the hardware ready.
 
BlueLaser said:
And I don't get why people are so excited for this when the framework has already been in place for NFC payments for years and everyone is just waiting for places to get the hardware ready.
Click to expand...

Because it's been a framework. Google wallet was a failure, now the only alternative is bank specific apps - which is why NFC as a smartphone payments solution has been a disappointment. That will change pretty quickly.
 
onthebottom said:
Because it's been a framework. Google wallet was a failure, now the only alternative is bank specific apps - which is why NFC as a smartphone payments solution has been a disappointment. That will change pretty quickly.
Click to expand...

So you are saying apple will succeed not because it's technically superior but because of business wise it managed to convince banks and cc companies to support apple platform?
 
onthebottom said:
Because it's been a framework. Google wallet was a failure, now the only alternative is bank specific apps - which is why NFC as a smartphone payments solution has been a disappointment. That will change pretty quickly.
Click to expand...

Google Wallet and the Microsoft Wallet both used the same framework. All that was missing is adoption in stores. If stores had the ability to use the NFC functionality of the phones, we could've been doing this for a while already. Given that Windows Phone + Android users outnumber Apple, why is the Apple solution so "innovative" and why are merchants poised to adopt this standard now instead of the one that catered to the larger number of users, and why are consumers so obsessed with this new system as opposed to the one that already existed? Because this one will be adopted and the others weren't? Takes me back to the first question, why wasn't it?
 
George The Curious said:
So you are saying apple will succeed not because it's technically superior but because of business wise it managed to convince banks and cc companies to support apple platform?
Click to expand...

Yes, NFC is rudimentary technology, it's the business strategy that's been holding back NFC mobile smartphone payments - a wallet, two factor authentication (in this case thumb print) - I think Apple has nailed that with Visa/MC/Amex retailer and banks on board.
 
BlueLaser said:
Google Wallet and the Microsoft Wallet both used the same framework. All that was missing is adoption in stores. If stores had the ability to use the NFC functionality of the phones, we could've been doing this for a while already. Given that Windows Phone + Android users outnumber Apple, why is the Apple solution so "innovative" and why are merchants poised to adopt this standard now instead of the one that catered to the larger number of users, and why are consumers so obsessed with this new system as opposed to the one that already existed? Because this one will be adopted and the others weren't? Takes me back to the first question, why wasn't it?
Click to expand...

Like it or not apple users tend to spend more, even when they are outnumbered by android. Stupidity is a good word describing it. Merchants reward stupid spontaneous spenders.
 
BlueLaser said:
Google Wallet and the Microsoft Wallet both used the same framework. All that was missing is adoption in stores. If stores had the ability to use the NFC functionality of the phones, we could've been doing this for a while already. Given that Windows Phone + Android users outnumber Apple, why is the Apple solution so "innovative" and why are merchants poised to adopt this standard now instead of the one that catered to the larger number of users, and why are consumers so obsessed with this new system as opposed to the one that already existed? Because this one will be adopted and the others weren't? Takes me back to the first question, why wasn't it?
Click to expand...

This is a pretty good explanation:

http://www.slate.com/articles/techn...could_succeed_where_google_wallet_failed.html
 
One issue with NFC payments is security, how to make sure your credit or debit card information isn't copied at the terminal or by someone walking by with a reader. You don't want to be transmitting your credit or debit card information in the clear, so it's going to need some kind of encryption with a rotating, one time encrypted token being used.

Issues that will have to be addressed are how do you keep things in sync with your credit card company. The one advantage for Apple Pay is that it will work with Apple's Passport app, so you only have to create a virtual card once much like you can do with your PC Points card.

There really is no incentive for either merchants or the banks to underwrite this cash grab by Apple, not all merchants have NFC enabled terminals. Would all purchases require you to use a thumb print or PIN number to authorize a payment or will there be a minimum purchase before you have to authorize a payment?
 
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