NFC and Apple?

[onthebottom]

So you are suggesting that mobile credit card transactions are only way to go? Besides that, all square does is replace a store's credit card machine with a smaller one you can attach to a phone. Neat idea but still just swiping a credit card.

I'm still laughing at you for praising Apple's use of NFC in the same thread where you call NFC 'dead'.

I know Americans aren't big on interac payments or even bank machines but Canadians have widely accepted both as useful.

Credit cards are the form of payment that NFC Smartphone payments will replace (or at least significantly augment) to become successful. To-date NFC payments on smartphones have been unsuccessful and have disappointed the pundits. He was using a card with a chip which is why I asked about square - Starbucks has made a significant investment and it's one of the technologies (simple as it is) that has filled a void.

 

[Ed Thomas]

onthebottom is quite the flip-flopper as they say in politics. lol

I called it FIRST..

Just like Samsung was first.. in terns of larger screen size, improving design etc...

 

[IM469]

To-date NFC payments on smartphones have been unsuccessful and have disappointed the pundits.

Only Apple pundits it appears since RBC just climbed on board. Apparently a 'pundit' expects 100% use day two and cannot recognize a trend. Luckily Apple recognizes the trend as it has reversed itself and is now embracing the technology.

NFC technology has been rolling out and it should be recognized that with the exception of iPhone (... and they will catch up soon), NFC smartphones (with appropriate software) and NFC cards are the same technology used on the same NFC terminals ... to quote RBC : "Where will I be able to use it? You will be able to make mobile payments at retail locations that have contactless terminals. Visit Visa payWave®, MasterCard® PayPass™* and Interac Flash™* for information on participating locations.

NFC payments are here ... widely accepted everywhere ... and the installed terminals accept NFC transactions both card & mobile. If real 'Pundits' were disappointed - why would major banks be supporting it ??????

Give it up OTB !!! What next - e-mails have disappointed pundits in Canada Post ????

 

[onthebottom]

Only Apple pundits it appears since RBC just climbed on board. Apparently a 'pundit' expects 100% use day two and cannot recognize a trend. Luckily Apple recognizes the trend as it has reversed itself and is now embracing the technology.

NFC technology has been rolling out and it should be recognized that with the exception of iPhone (... and they will catch up soon), NFC smartphones (with appropriate software) and NFC cards are the same technology used on the same NFC terminals ... to quote RBC : "Where will I be able to use it? You will be able to make mobile payments at retail locations that have contactless terminals. Visit Visa payWave®, MasterCard® PayPass™* and Interac Flash™* for information on participating locations.

NFC payments are here ... widely accepted everywhere ... and the installed terminals accept NFC transactions both card & mobile. If real 'Pundits' were disappointed - why would major banks be supporting it ??????

Give it up OTB !!! What next - e-mails have disappointed pundits in Canada Post ????

There is a reason you don't provide any data or sources, just anecdotes, you've ignored the data I've provided - you're wrong, but we are accustomed to that.

 

[onthebottom]

I called it FIRST..

Just like Samsung was first.. in terns of larger screen size, improving design etc...

Apple closed the week with a market cap of 544b, a mere 540 above your prediction 103 weeks from now - that means they will need to shed 5b a week, every week for the next 103 weeks. You're a genius.

 

[TESLAMotors]

Which is what bot said Apple will do in post #4 (before saying that NFC is dead in post #8).

Flip-flopper he is.

 

[benstt]

So, Apple has NFC now?

 

[onthebottom]

So, Apple has NFC now?

And much more importantly, a payments strategy.... You will see smartphone payments explode in the US as this rolls out.

 

[djk]

And much more importantly, a payments strategy.... You will see smartphone payments explode in the US as this rolls out.

Apple's going to do in six months, what Google, Blackberry, Samsung et al failed to do in 2 years.

Get mass adoption of NFC payments.

Lots of Android fanboys are going to be butthurt.

 

[benstt]

Apple's going to do in six months, what Google, Blackberry, Samsung et al failed to do in 2 years.

Get mass adoption of NFC payments.

Lots of Android fanboys are going to be butthurt.

Keep in mind that introducing payments technology puts them in competition with the card and wireless companies, who are already battling to control this space.

The solution sounds very similar to what is already been introduced in Canada.

 

[IM469]

So, Apple has NFC now?

Two years (almost to the day) Apple responded to NFC technology with this:

Apple's new Passbook feature in iOS 6 isn't just a coupon app; it's a framework that enables retailers to develop smart apps for transactions, without relying on new Near Field Communications (NFC) hardware to do so.

Scott Forstall, Apple's head of iOS development, demonstrated Passbook at the company's June Worldwide Developer Conference, highlighting the new app's ability to manage boarding passes, tickets, store cards and coupons, with novel push updating and geolocation features.

In July, when asked by a financial analyst if Passbook hinted at the company's larger strategy for deploying a digital wallet infrastructure, chief executive Tim Cook described the new app as "a very key feature"

Those of us not wearing the rose tinted glasses saw the error and two years later a new script is passed to the cheerleaders. Okay my gloating is finished.

This is a continuing trend of Cook to break down the walls set up by Jobs and let Apple incorporate whatever technology is required to put out a great product. A larger screen, 3rd party keyboards,... all good news for the Apple faithful. Since Apple already already resembles a financial institution + manufacturer i.e Rogers + CIBC; Bell + RBC for NFC - I got to think they will make a shit load of money - maybe even getting close to iTunes levels someday.

 

[onthebottom]

Apple's going to do in six months, what Google, Blackberry, Samsung et al failed to do in 2 years.

Get mass adoption of NFC payments.

Lots of Android fanboys are going to be butthurt.

I think that's right, smartphone contactless payments will explode.

 

[onthebottom]

Keep in mind that introducing payments technology puts them in competition with the card and wireless companies, who are already battling to control this space.

The solution sounds very similar to what is already been introduced in Canada.

Those firms are partners with Apple Pay, they will get mass adoption.