Register FAQ / Rules Forum Spy Search Today's Posts Mark Forums Read
Go Back   MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Reply
 
Thread Tools Search this Thread Display Modes
Old Jan 27, 2014, 04:55 PM   #1
MacRumors
macrumors bot
 
Join Date: Apr 2001
Tim Cook: Mobile Payments 'One of the Thoughts' Behind Touch ID




During Apple's earnings call today, CEO Tim Cook indicated that mobile payments were one of the driving forces behind the company's decision to introduce Touch ID with the iPhone 5s.
Quote:
The mobile payments area in general is one that we've been intrigued with. It was one of the thoughts behind Touch ID.
Cook went on to say that people love being able to buy digital content from their iPhones using Touch ID, because it's "incredibly simple and easy and elegant."

He added that while Apple is not planning on limiting Touch ID to digital purchases, the company had nothing specific to announce today, mobile payments are an opportunity that Apple has been "intrigued with" and there is a "big opportunity on the platform."

Tim Cook's comments on mobile payments follow a report last week that suggested Apple is currently working on developing a new mobile payment service that will allow the company to handle payments for physical goods and services in the future.

While Apple currently limits iTunes account holders to using their stored credit card information for purchases on Apple's online and retail stores through the Apple Store app, iTunes, and the App Store, stored information could be used in the future for other types of payments with Touch ID technology used to speed up and authenticate real world purchases.

Article Link: Tim Cook: Mobile Payments 'One of the Thoughts' Behind Touch ID
MacRumors is offline   0 Reply With Quote
Old Jan 27, 2014, 04:56 PM   #2
Lapidus
macrumors regular
 
Join Date: May 2012
Didn't see that coming..
Lapidus is offline   3 Reply With Quote
Old Jan 27, 2014, 05:04 PM   #3
Z400Racer37
macrumors 6502
 
Join Date: Feb 2011
Its about freaking time, how about a TV that doesn't suck that crushes Xbox and PS4, and implements a better, more streamlined Youtube-like platform for user generated content while you're at it? Getting a little tired of defending single digit growth over here... Thanks.
Z400Racer37 is offline   0 Reply With Quote
Old Jan 27, 2014, 05:07 PM   #4
keysofanxiety
macrumors 6502a
 
keysofanxiety's Avatar
 
Join Date: Nov 2011
Location: In a house that defies physics by being colder than absolute zero.
Quote:
Originally Posted by Z400Racer37 View Post
Its about freaking time, how about a TV that doesn't suck that crushes Xbox and PS4, and implements a better, more streamlined Youtube-like platform for user generated content while you're at it? Getting a little tired of defending single digit growth over here... Thanks.
I see you've had your morning glass of prune juice. Just relax, Apple will release whatever they need to when it's ready.
keysofanxiety is offline   3 Reply With Quote
Old Jan 27, 2014, 05:13 PM   #5
Mousse
macrumors 65816
 
Mousse's Avatar
 
Join Date: Apr 2008
Location: The Mended Drum, Ankh-Morpork
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
__________________
D'oh! (_8(|)
Mousse is offline   0 Reply With Quote
Old Jan 27, 2014, 05:15 PM   #6
citi
macrumors 65816
 
Join Date: May 2006
Location: Simi Valley, CA
Send a message via AIM to citi Send a message via MSN to citi
Quote:
Originally Posted by Mousse View Post
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
The same can be said about debit cards. If you are a spender, you will spend. If you are not, you won't.
__________________
Citi
Macbook Air 1.6 / Macbook Pro (15) 2.2 Quad 8gb ram / mac mini 1.8 4gb / 32gb Ipad Wi-Fi / VeriPhone 5 32gb
citi is offline   10 Reply With Quote
Old Jan 27, 2014, 05:21 PM   #7
djplaxe2109
macrumors 6502
 
Join Date: Feb 2013
Tim talks too much.
djplaxe2109 is offline   1 Reply With Quote
Old Jan 27, 2014, 05:21 PM   #8
viperGTS
macrumors 6502a
 
Join Date: Nov 2010
Quote:
Originally Posted by Mousse View Post
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
Impulse buying is Apple's fault how?

You shouldn't bash Touch ID for what is essentially the user's fault. Maybe they should have some responsibility.
viperGTS is offline   1 Reply With Quote
Old Jan 27, 2014, 05:23 PM   #9
bmunge
macrumors regular
 
Join Date: Mar 2012
Quote:
Originally Posted by Mousse View Post
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
Do you have a credit card?
bmunge is offline   4 Reply With Quote
Old Jan 27, 2014, 05:23 PM   #10
osx11
macrumors 6502a
 
Join Date: Jan 2011
Quote:
Originally Posted by citi View Post
The same can be said about debit cards. If you are a spender, you will spend. If you are not, you won't.
I like the people who blame technology when, in reality, they have a spending and consumption problem.
osx11 is offline   4 Reply With Quote
Old Jan 27, 2014, 05:23 PM   #11
smulji
macrumors 6502
 
Join Date: Feb 2011
Quote:
Originally Posted by Mousse View Post
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
People that can't manage their finances / spending isn't Apple's problem same way it isn't McDonald's problem if you get fat by eating at their restaurants.
smulji is offline   2 Reply With Quote
Old Jan 27, 2014, 05:33 PM   #12
Mousse
macrumors 65816
 
Mousse's Avatar
 
Join Date: Apr 2008
Location: The Mended Drum, Ankh-Morpork
Quote:
Originally Posted by viperGTS View Post
Impulse buying is Apple's fault how?

You shouldn't bash Touch ID for what is essentially the user's fault. Maybe they should have some responsibility.
Who said anything about impulse buying being Apple's fault? Credit cards, on-line payments, the speedy pass payment all makes it easier to impulse buy. You have kids? You'll know the kind of financial headaches they can cause if you don't lock down the their devices to prevent in app purchases. Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Touch ID is the first thing I would disable. THAT is taking responsibility. Disabling in app purchasing. THAT is taking responsibility. Suffer on a shopping trip with the Missus to keep her spending in check. THAT, my friend, is what it takes to be a man.
__________________
D'oh! (_8(|)

Last edited by maflynn; Jan 28, 2014 at 05:11 AM. Reason: Removed inappropriate comment
Mousse is offline   0 Reply With Quote
Old Jan 27, 2014, 05:35 PM   #13
ArtOfWarfare
macrumors 603
 
ArtOfWarfare's Avatar
 
Join Date: Nov 2007
Send a message via Skype™ to ArtOfWarfare
Looking forward to the day that my wallet can hold nothing but cash (and maybe a few IDs)... I'll have digital credit cards, gift cards and membership cards on my phone instead.

Unfortunately, not many companies are offering anything via passbook...
ArtOfWarfare is offline   0 Reply With Quote
Old Jan 27, 2014, 05:50 PM   #14
macduke
macrumors 68030
 
macduke's Avatar
 
Join Date: Jun 2007
Location: Columbia, MO
It's kind of a big deal that he admitted to that. On the one hand, it's kind of obvious. But on the other hand, Apple doesn't really talk about their plans like this. Apple has the potential to make an incredible amount of money from this. More importantly, Apple customers can benefit from a secure payment platform that is incredibly easy to use. I hope Apple invests a lot of money in spreading the use of iBeacons as they are more secure than NFC, have better range, and beyond helping people find things in stores they can be used to buy things. I can't wait until the day that I no longer need to carry a wallet and keys.
__________________
MacBook Pro R-Type / Quad 2.6GHz Core i7 / 28801800 / 16GB / 512GB SSD
Canon 7D w/grip / 24-105L / 100-400L / Sony RX100
64GB iPad Mini Retina LTE / 64GB iPhone 5 / 8GB Original iPhone / Xbox One
macduke is online now   1 Reply With Quote
Old Jan 27, 2014, 05:55 PM   #15
goobot
macrumors 68040
 
goobot's Avatar
 
Join Date: Jun 2009
Location: long island NY
Quote:
Originally Posted by Mousse View Post
Who said anything about impulse buying being Apple's fault? Credit cards, on-line payments, the speedy pass payment all makes it easier to impulse buy. You have kids? You'll know the kind of financial headaches they can cause if you don't lock down the their devices to prevent in app purchases. Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Touch ID is the first thing I would disable. THAT is taking responsibility. Disabling in app purchasing. THAT is taking responsibility. Suffer on a shopping trip with the Missus to keep her spending in check. THAT, my friend, is what it takes to be a man.
Touch ID shopping if anything would do the reverse. Your wife or kids wouldn't be able to access it without your finger not to mention you wouldn't have a CC or DC to loose/get stolen.
__________________
Black ipod classic|Black iPhone 3g|Unibody Macbook |White iPhone 3g S⃣ |iPad|Black iPhone 4|Apple TV 2|White iPhone 4 S⃣ |Black iPhone 5|Black iPhone 5 S⃣

Last edited by maflynn; Jan 28, 2014 at 05:12 AM. Reason: removed inappropriate comment in quote
goobot is offline   1 Reply With Quote
Old Jan 27, 2014, 05:55 PM   #16
Pakaku
macrumors 6502a
 
Join Date: Aug 2009
Quote:
Originally Posted by Mousse View Post
Who said anything about impulse buying being Apple's fault? Credit cards, on-line payments, the speedy pass payment all makes it easier to impulse buy. You have kids? You'll know the kind of financial headaches they can cause if you don't lock down the their devices to prevent in app purchases. Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Touch ID is the first thing I would disable. THAT is taking responsibility. Disabling in app purchasing. THAT is taking responsibility. Suffer on a shopping trip with the Missus to keep her spending in check. THAT, my friend, is what it takes to be a man.
I just have to say, this whole "missus" thing sounds really... I don't know. Chauvanistic? Whatever putting your wife on the same level as your kids equates to.

I also don't understand how TouchID = giving your card out to someone else.
__________________
Mac Pro 3.1, Macbook Pro 5.1

Last edited by maflynn; Jan 28, 2014 at 05:12 AM. Reason: removed inappropriate comment in quote
Pakaku is offline   3 Reply With Quote
Old Jan 27, 2014, 06:04 PM   #17
petsounds
macrumors 6502a
 
Join Date: Jun 2007
If Apple's impetus for Touch ID was actually encouraging people to buy stuff, and not just concern for user security and convenience, then they should probably fix the @#$#-ing problems with it, as some of us can't even use Touch ID because it loses our fingerprints.
petsounds is offline   1 Reply With Quote
Old Jan 27, 2014, 07:29 PM   #18
gnasher729
macrumors G5
 
gnasher729's Avatar
 
Join Date: Nov 2005
Quote:
Originally Posted by Pakaku View Post
I just have to say, this whole "missus" thing sounds really... I don't know. Chauvanistic? Whatever putting your wife on the same level as your kids equates to.
You mean chauvinistic? Well, my wife doesn't need my card to get at the money in our bank account. And the kids - if they touch my cards I'll cut their fingers off.
gnasher729 is offline   0 Reply With Quote
Old Jan 27, 2014, 07:30 PM   #19
OrangeSVTguy
macrumors 601
 
OrangeSVTguy's Avatar
 
Join Date: Sep 2007
Location: Northeastern Ohio
I always thought of a credit card type of payment that used a fingerprint instead of a signature to authorize payment. At least in a real store anyways.

But something like this will have to be authorized through iTunes Wallet or whatever it would be called when your credit or debit is linked to your iTunes account.
OrangeSVTguy is offline   0 Reply With Quote
Old Jan 27, 2014, 08:14 PM   #20
Gasu E.
macrumors 68020
 
Gasu E.'s Avatar
 
Join Date: Mar 2004
Quote:
Originally Posted by Mousse View Post
Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Suffer on a shopping trip with the Missus to keep her spending in check.
What planet are you living on? Apparently not one with actual women.
__________________
Please stop boring me.
Gasu E. is offline   1 Reply With Quote
Old Jan 27, 2014, 09:11 PM   #21
username:
macrumors member
 
Join Date: Dec 2013
Quote:
Originally Posted by Mousse View Post
Who said anything about impulse buying being Apple's fault? Credit cards, on-line payments, the speedy pass payment all makes it easier to impulse buy. You have kids? You'll know the kind of financial headaches they can cause if you don't lock down the their devices to prevent in app purchases. Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Touch ID is the first thing I would disable. THAT is taking responsibility. Disabling in app purchasing. THAT is taking responsibility. Suffer on a shopping trip with the Missus to keep her spending in check. THAT, my friend, is what it takes to be a man.
I agree.

Don't even bother with banks. Store all your cash in the freezer, and also fry your fingerprints off, the missus might chop your fingers in your sleep and use them to buy jewelz and lipstick.

Last edited by maflynn; Jan 28, 2014 at 05:12 AM. Reason: removed inappropriate comment in quote
username: is offline   2 Reply With Quote
Old Jan 27, 2014, 09:15 PM   #22
a0me
macrumors 6502a
 
Join Date: Oct 2006
Location: Tokyo, Japan
Quote:
Originally Posted by Mousse View Post
I ain't touch the Touch ID feature with a ten foot pole, buddy. I don't like the idea of impulse buying, which is why I disable in app purchases as a matter of course. We're gonna see a lot of people spending money they don't have because pay this way is just a but of bits flying around. You don't see your hard earned cash leaving your wallet.
Using Touch ID doesn't automagically re-enable in-app purchases or even require you to enter your credit card information in the first place.
I've enabled Touch ID for iTunes and the App Store from day one but the in-app purchase option is still turned off and I still only use iTunes gift cards and my common sense for all my purchases.
__________________
iMac 24"; MacBook Pro 15"; iPhone 4; iPhone 5s; iPod touch; tv
a0me is offline   0 Reply With Quote
Old Jan 27, 2014, 09:27 PM   #23
John.B
macrumors 68040
 
Join Date: Jan 2008
Location: Flyover Country
Quote:
Originally Posted by MacRumors View Post
During Apple's earnings call today, CEO Tim Cook indicated that mobile payments were one of the driving forces behind the company's decision to introduce Touch ID with the iPhone 5s. Cook went on to say that people love being able to buy digital content from their iPhones using Touch ID, because it's "incredibly simple and easy and elegant."

He added that while Apple is not planning on limiting Touch ID to digital purchases, the company had nothing specific to announce today, mobile payments are an opportunity that Apple has been "intrigued with" and there is a "big opportunity on the platform."

Tim Cook's comments on mobile payments follow a report last week that suggested Apple is currently working on developing a new mobile payment service that will allow the company to handle payments for physical goods and services in the future.

While Apple currently limits iTunes account holders to using their stored credit card information for purchases on Apple's online and retail stores through the Apple Store app, iTunes, and the App Store, stored information could be used in the future for other types of payments with Touch ID technology used to speed up and authenticate real world purchases.
Users are clamoring for mobile payments? Really?

Bring user profiles to the iPad, and identify users via Touch ID.
__________________
Apple develops an improved programming language. Google copied Java. Everything you need to know, right there.

MA497LL/A FB463LL/A MC572LL/A FC060LL/A MD481LL/A MD388LL/A ME344LL/A
John.B is offline   0 Reply With Quote
Old Jan 27, 2014, 09:41 PM   #24
Millah
macrumors 6502a
 
Join Date: Aug 2008
Quote:
Originally Posted by Mousse View Post
Who said anything about impulse buying being Apple's fault? Credit cards, on-line payments, the speedy pass payment all makes it easier to impulse buy. You have kids? You'll know the kind of financial headaches they can cause if you don't lock down the their devices to prevent in app purchases. Ever let the Missus go shoe shopping alone with YOUR credit card? That's the fast track to the poor house, buddy.

Touch ID is the first thing I would disable. THAT is taking responsibility. Disabling in app purchasing. THAT is taking responsibility. Suffer on a shopping trip with the Missus to keep her spending in check. THAT, my friend, is what it takes to be a man.
I would never leave a loaded iTunes account logged in to a device meant for a child. First thing I would do is always log out, and if the child ever wants to purchase something the account would need to be logged in.

Why oh why do parents leave their accounts WITH credit cards logged in on a child's device, and hand it to them completely oblivious to that fact?

Last edited by maflynn; Jan 28, 2014 at 05:13 AM. Reason: removed inappropriate comment in quote
Millah is offline   0 Reply With Quote
Old Jan 27, 2014, 11:09 PM   #25
patent10021
macrumors 68000
 
patent10021's Avatar
 
Join Date: Apr 2004
This is very 2012 news.

The second they rejected a crypto coin wallet it was easily apparent what their plans were.
__________________
I love the smell of 1080p in the morning.
patent10021 is offline   0 Reply With Quote

Reply
MacRumors Forums > News and Article Discussion > MacRumors.com News Discussion

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Similar Threads
thread Thread Starter Forum Replies Last Post
Tim Cook 'Incredibly Optimistic' About New Partnership with China Mobile MacRumors MacRumors.com News Discussion 59 Jan 16, 2014 09:56 AM
Tim Cook Expresses Thoughts on Equality in Auburn University Award Speech MacRumors Politics, Religion, Social Issues 176 Dec 23, 2013 09:20 AM
Tim Cook on Mobile Payments: 'It's In Its Infancy' MacRumors MacRumors.com News Discussion 168 Apr 29, 2013 08:19 PM
Tim Cook Opposed Suing Samsung Over Mobile Device Patents MacRumors iOS Blog Discussion 69 Feb 26, 2013 12:04 PM
Tim Cook Meets with China Mobile to Discuss 'Cooperation', Shares Thoughts on Chinese Markets MacRumors MacRumors.com News Discussion 50 Jan 15, 2013 05:15 AM

Forum Jump

All times are GMT -5. The time now is 08:14 PM.

Mac Rumors | Mac | iPhone | iPhone Game Reviews | iPhone Apps

Mobile Version | Fixed | Fluid | Fluid HD
Copyright 2002-2013, MacRumors.com, LLC