no it isn't. If Venmo was going to be in trouble from Apple, it would have been with the advent of Apple Pay Cash. Venmo has been doing just fine, and so I expect they will continue to be fine.
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Apple Announces 'Tap to Pay' Feature Allowing iPhones to Accept Contactless Payments Without Additional Hardware
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Of course - do you think Apple wants it limited to the US? Part of it is that the US is probably the largest market for DAU of debit and credit cards. The other part is that there are regulatory hurdles to clear in other markets where other processors are likely to put up some degree of a fight (looking at Australia as an example).
Exactly right. Australia is way way ahead of the US in terms of contactless payments and digital payments in general. But new entrants like this always hit up against the stupid and slow moving Australian regulatory regime.
This is fantastic! Also good news that Apple is opening this up to third parties.
You don't need TouchID or FaceID to initiate a payment with a contactless credit card. You just need to be within range of the card.
Yes, but it's less conspicuous when a person is holding an iPhone in their hand compared to a contactless NFC device like a Square reader or Clover Go.
Yes. This requires NFC with express card, an enhanced NFC only on A12 or later
add this to the list of features the cheap iPhone XR gets but the expensive X doesn’t ?
Is it? Both of those readers are smaller than a phone and could be stripped down to be even smaller and inconspicuous. If crime is the goal, this isn’t the home run you’re making it out to be.
Maybe it's just me, but I would see someone trying to tap my pants with their phone. But if someone has a reader in their pocket or bag and bump into me, it would be less noticeable. Either way, it exists already and it's defeated by RFID blocking wallets.
I’m surprised it didn’t require a new iPhone. The new mask id does.
It goes back to the iPhone 12 so i wouldn't call that a new phone considering that came out in 2020. It's not limited to just the iPhone 13.
That's widely available around the world!
Already in the works for the whole latest entry and advanced level android phones!
Look like Apple will let it run by 3rd parties rather then Apple Pay monopoly
The minute they release an iPad with NFC enabled this will work on it. Not a single iPad has NFC enabled yet, and they can't enable it in current iPads with a software update because they don't have NFC antennas.
Just because the tech is available doesn't mean the gatekeepers will allow it to be used.
I'm still waiting on my utterly useless New Zealand bank "Kiwibank" to support Apple pay on any of its cards.
Contactless payment support isn't everywhere here either because, according to a few shop keepers I've spoken to about it who did offer it, the banks charge a extra to offer contactless payment to customers.
Which is just nuts right?
Apple Pay is one of the most secure payment methods there is but these banks, for their own reasons, stifle tech progress.
If you had to pay more money for a contactless terminal but now you just just pull out your iPhone or use an iPad then someones business model has been threatened.
Ah, good point. They should get on it then — iPad has been an ideal payment terminal for years thanks to services like square and stripe. An iPhone isn't as convenient to use in a shop, for instance. Customers like to see the interface, as opposed to getting a phone handed to them)
Yeah but as a POS terminal businesses almost always need to take chip or magstripe so they've needed a separate reader. The iPad itself has been good at running software and handling the logistics of it, but not in actually taking a card. The iPad will never get chip or magstripe built in, so this makes little difference until every card in the wild has gained contactless.
Yes, I realize that — I've used stripe for years. Yes, until people are more contactless — it won't be a complete solution. However, we are becoming more and more contactless. Even in the U.S.
True. I have 12 cards, 2 debit and 10 credits (mostly because they offered money for opening an account lol). There's 8 contactless cards, and 4 without contactless. So that's 2/3rds, probably can get 3 out of the 4 upgraded to contactless, only one without a contactless version? The Apple Card. Ironic? Maybe, but they really really want you to use Apple Pay and the physical card is a backup, so that makes some sense.Yes, I realize that — I've used stripe for years. Yes, until people are more contactless — it won't be a complete solution. However, we are becoming more and more contactless. Even in the U.S.
Yes, I realize that — I've used stripe for years. Yes, until people are more contactless — it won't be a complete solution. However, we are becoming more and more contactless. Even in the U.S.
Unfortunately, it took Covid to make that happen, so I'm a bit jaded about the whole thing now. Still, some adoption is better than none, right?
I’m surprised it didn’t require a new iPhone. The new mask id does.
In both cases it is a hardware limitation. The A series chips have been dedicating orders-of-magnitude more capacity toward machine learning processing