You couldn't be more wrong or naive. The industry gives Apple the lowest fee because of the volume that they expect. Apple has big bat to swing. Why do you think the music industry gives them the lowest rate per song streamed? Wake up.
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A Comprehensive Outline of the Security Behind Apple Pay
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You couldn't be more wrong or naive. The industry gives Apple the lowest fee because of the volume that they expect. Apple has big bat to swing. Why do you think the music industry gives them the lowest rate per song streamed? Wake up.
Pay through the No one denied the $0 impact to consumers except you. When there's fraudulent activity on your card, the credit card company will waive it (you can call the toll-free number on the back to verify). It took me 3 attempts to explain it but I'm glad you finally understand.
Where are you using your card that the number gets stolen "several times a year"??? Anyone else lose their credit card number several times a year? I've traveled all over the world and use my credit card everywhere (including online purchases)across my 6 credit cards I've had had fraudulent activity 4 times in 20+ years. 4 times. You lose yours "several times a year"? Sounds like you're just making up stuff to make it look bad.
Also your claim of the credit card company raising your APR or lowering your credit limit with too much fraudulent activity...that doesn't happen. But maybe in your case where you claim it happens "several times a year" then I'm surprised they don't just cancel your card for suspicious activity on your part.
Financial impact of you dropping your phone while taking it out, tapping it, or putting it back: $650-$1,000. Oh, and don't forget having to order a new one, wait for it, not having a phone to use in the meantime, etc.
Possibility of dropping your phone while paying with a credit card: 0%.
Ha!
Lol you dropped your phone every time you take it out? Dude you probably need to challenge your anger somewhere else, because I don't think you dropping your phone is Apple's fault. Stop hating them so much.
Oh and you ordered a new one and waited for them to ship a new unit to you when you broke your phone? I didn't know you can do that. How convenient. I mostly just go to the store, pay like $80 and Apple Genius gave me a new phone on the spot. But I like your idea so much better, you know, paying $650 to $1000 for the replacement unit and have no phone for a while. My friends always complain about me being on the phone all the time. Maybe your method will help me connect with my friends more often.
And I also suggest you use a Nokia. I don't think they will have payment options anytime soon and they are built to last. I dropped them and the glass on my table broke into pieces. The Nokia is perfectly fine. True story, bro. (Making Barney Stinson's face)
Anyway, I'm on the same boat with Euge. It's a hassle knowing that your credit card info was compromised. Now mind you I experienced it only once, and the bank was quick to close the card and overnighted me my replacement card, but it costed me quite sometime to change the billing info for all of my recurring charges, as well as learning the new card numbers (I shop online a lot and remembering it makes it faster to shop). That I'd call a big inconvenience.
Oh also, any comeback on your point of us replacing all the cards if Apple got hacked? I think someone said something about Apple doesn't store our credit card info on their servers. I'd love to hear more of your wonderful insights.:roll eyes:
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I barely use cash. Nor student or work ID. I don't carry medical card either. I haven't used any of those cards in god know how long.
My phone case is only able to hold my ID and metro pass perfectly without getting bulky.
Oh why do I have so many credit cards? Uhm the rewards, hun. Different cards offer different rewards, and different functionalities that I need. And yes, I do believe that Apple Pay is better and safer.
And while I do like to have all my cards present at some trips, there are times that I just needed one or two for small purchases, I just have to carry my phone for those trips. Apple Pay helps in, either a small or big way, is still an added convenience.
I get it that you don't like Apple. And it's okay. However it's an exciting feature to me and I believe many of the users here are excited about the convenience it brings. It doesn't work for you but it works for us. And if you want to us to hate it with you, at least give us some valid reasons to agree with you.
May be you should call Visa Chief security officer and tell her that she does not know what she is talking about. She covered it in her Bloomberg West interview. Visa is not the one paying fee. The processor company is paying Apple. The volume argument is pretty strange. Does Walmart or Target or Amazon get volume discount from credit card processing company? If they don't, why would the volume argument work for Apple?
It was an example to illustrate that even though you're not responsible for the fraudulent charges, there is still an impact to you. When you had fraudulent activity 4 times, did you do nothing? No, you had to deal with it. At minimum you had to deal with the cc company and get new cards. Maybe you had to change those numbers on line as well.
Going back to your original point:
Apply Pay benefits consumers with better fraud protection. Even though consumers aren't responsible for fraudulent charges, it helps prevents fraud in the first place which can:
- reduce fraud overall for credit card companies and banks
- give better peace of mind for consumers having to deal with compromised accounts
Nope. And I never said that. Are you so angry that you have to resort to making stuff up? Wow. So sad for you.
You just agreed with me. It does cost money and inconvenience when you drop your phone. You're so mad that you didn't realize you made my point. Thank you...?
And your iPhone knows which one to use every time? You compared it to someone fumbling for a credit card, yet in your description of Apple Pay you said all you have to do is tap and put your finger on the sensor. You're so delusional that everything new must be so much better and you conveniently leave out steps to make yourself feel better.
Again, your anger is making things up again. Just because I don't like something from Apple doesn't mean I don't like Apple. If you dislike one aspect of a person, do you dislike that person entirely? Get a grip. If you can't argue your point then don't put words in people's mouths and don't accuse them of things.
You have no argument and I've proven that time and time again. Total bias from you.
That's what I said. Not valid unless signed.
FWIW: In case you meant the opposite, I have multiple cards, some (and the card in question) does say on the card "Not valid unless signed". I don't care what the cardholder agreement says, I care about what the merchant will say when they read that on the back of my card.
I have never signed my CC, but its still accepted as a form of payment when/if i hand it over to charge..
Its still secure, since the back of the CC can be any name that signs, yet the front of the card will not match the signature.....
Thus. they can prove its false/stolen/given to your mate to use.
I guess unless its signed it shouldn't be accepted, but it is by most companies, since they don't check, apart from some banks.
Its still secure, since the back of the CC can be any name that signs, yet the front of the card will not match the signature.....
Thus. they can prove its false/stolen/given to your mate to use.
I guess unless its signed it shouldn't be accepted, but it is by most companies, since they don't check, apart from some banks.
Apple has just published a new support document giving an overview of Apple Pay security and privacy:
http://support.apple.com/kb/HT6323?viewlocale=en_US&locale=en_US
There is also a new version of the iOS Security Guide with a chapter about Apple Pay with some interesting technical detail:
http://images.apple.com/privacy/docs/iOS_Security_Guide_Oct_2014.pdf
http://support.apple.com/kb/HT6323?viewlocale=en_US&locale=en_US
There is also a new version of the iOS Security Guide with a chapter about Apple Pay with some interesting technical detail:
http://images.apple.com/privacy/docs/iOS_Security_Guide_Oct_2014.pdf