That helps for sure. But I'm guessing a pretty large chunk of folks will go the credit card route. They'll use some justification about earning rewards or something like that to mask that they want to purchase something they can't afford.
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Apple Deliberately Holding Back on Mobile Payment System
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That helps for sure. But I'm guessing a pretty large chunk of folks will go the credit card route. They'll use some justification about earning rewards or something like that to mask that they want to purchase something they can't afford.
Card payments must be the only system the US drags behind the UK - its rare but I guess being a small country has its benefits for moving financial technology forward. Whilst I'm sure New Yorkers would adopt change easily - would people in the centre band of the states who don't even own passports?
We've had "chip and pin" since 2004. No one uses signatures on cards anymore - you insert it in, enter your pin, pay for you items. This is the national standard. I was really surprised the US doesn't use this and still has the archaic magnetic strip and sign for method.
On top of that we've got some banks really pushing "contactless payment" (NFC basically) as its built into all new cards. The security is simple - you can't buy anything over £15, I don't think you can do that more than a handful times a day and only food places and supermarkets seem to have it enabled. Basically if someone was to mug you for your card, the biggest damage they'd be able to do is to order 3 cappuccinos in Starbucks and a Big Mac meal
Ive noticed they are everywhere and I *think* Visa and Mastercard might be using the same system.
Someone also does a chip you can stick on the back of your smartphone and swipe for contactless payment. So you can turn your iPhone 3G into a NFC payment phone in the UK if you want - in a way! (wouldn't be surprised to find people opening phones and embedding the NFC chip from the sticker inside
We've got a nationwide advert for these "stickers for the back of your phone" things now. Not sure what the uptake will be, but at least we're pushing forwards.
We've had "chip and pin" since 2004. No one uses signatures on cards anymore - you insert it in, enter your pin, pay for you items. This is the national standard. I was really surprised the US doesn't use this and still has the archaic magnetic strip and sign for method.
On top of that we've got some banks really pushing "contactless payment" (NFC basically) as its built into all new cards. The security is simple - you can't buy anything over £15, I don't think you can do that more than a handful times a day and only food places and supermarkets seem to have it enabled. Basically if someone was to mug you for your card, the biggest damage they'd be able to do is to order 3 cappuccinos in Starbucks and a Big Mac meal
Ive noticed they are everywhere and I *think* Visa and Mastercard might be using the same system.
Someone also does a chip you can stick on the back of your smartphone and swipe for contactless payment. So you can turn your iPhone 3G into a NFC payment phone in the UK if you want - in a way! (wouldn't be surprised to find people opening phones and embedding the NFC chip from the sticker inside
We've got a nationwide advert for these "stickers for the back of your phone" things now. Not sure what the uptake will be, but at least we're pushing forwards.
There are wallets being sold as a NFC shield to prevent contact fraud. Without one of those wallets a thief can steal from your payment method by merely bringing a device very near you. That is not the case with cash, check, credit card, or even cell phone based payment beaming schemes.
Sometimes a dumb but remotely accessable card is just dumb and one now wonders who is thick.
Rocketman
I think if that were truly the case, everyone with a Paypass card would have had their money stolen by now.
Do you have any evidence that this is remotely possible and done on a wide enough scale ?
My Visa is Paypass enabled. Google Wallet uses Paypass. MasterCard pushes Paypass.
Seems to me, Paypass is the NFC standard for North America.
Your right, lets confuse customers even more. Next year it will be called the last years iPhone and the new model will become the New iPhone S or maybe the New New iPhone. Yup, iPhone 5 just sounds too silly for our advanced way of thinking.
You're confused when buying iPods, Macbooks, iMacs ? No ? Then just calling it iPhone won't confuse anyone either.
Or does it really need to become the iPhone One Z Magic III S...
Apple sat back for how many years before they dominated the mobile phone market with iPhone?
Apple sat back for how many years before they dominated the tablet market with iPad?
The Zen philosophy is to patiently sit back and watch, rather than rushing in like Western companies often do.
You can say it's sensible, it's wise, it's prudent, but "Knowing when to say no" is not innovative, unless your definition of innovative is very, very wrong.
It's a slippery slope when you start trying to define some things as if that definition is a universal truth.
And this I do not get at all. It is actually more secure than a debit card because it has double redundancy on pins. You enter one on the phone to unlock the payment and you enter the actual debit pin on the card reader just like now.
You and I know that, but not everybody. It's important that the none tech savvy, become comfortable with it rather it be forced on them. Then it will be more likely to be adopted by the majority. That's what I was getting at. Sorry if it didnt come across that way.
Hum...
There's nothing "new" about "knowing when to say no". Again, it's wise, it's sensible, it's prudent. It's not Innovative, it's not new, it's not original.
I'm not saying I agree with them, but I interpreted that post as implying that other companies have demonstrated a lack of ability to say no, making Apple's ability to do so (for which Jobs was famous) innovative. An exaggeration to make a point, I reckon.
I can name quite a few examples of companies saying "NO" to their customers. Harley-Davidson has been doing it for decades for one, something about the VROD being the only water cooled bike, no matter how much people want a Touring model with a water-cooled engine.
Apple is hardly "innovative" in that regard. Heck, they often say "NO" only to turn around and do the opposite 1 year later. "People don't read books", "Web apps is the way to write iPhone software", "No one wants to watch video on a small screen device", etc... etc... etc...
No, frankly, saying no is simply encouraging the status quo, immovability. That again may be good because sometimes, it's wise/sensible/prudent to wait, but it's not innovative, it's not a new concept, it's not original.
I often wonder why people want to use that damn word, "innovative", all the time like that. It's so abused around here.
Wait-and-see approach is not consistent with Apple's own success.
If you're not there to get it started, you won't be there when it takes off -- even if you manage to put together the best stuff then. Indeed, it's this principle that's sustaining the iPhone and iPad now. Others have made better and cheaper devices, but Apple was there first and defined the niche.
So the wait-and-see approach is not consistent with Apple's own success, and it's not consistent with the way Apple did things under Steve Jobs.
But maybe Apple is more gun-shy from Siri than it's letting on.
If you're not there to get it started, you won't be there when it takes off -- even if you manage to put together the best stuff then. Indeed, it's this principle that's sustaining the iPhone and iPad now. Others have made better and cheaper devices, but Apple was there first and defined the niche.
So the wait-and-see approach is not consistent with Apple's own success, and it's not consistent with the way Apple did things under Steve Jobs.
But maybe Apple is more gun-shy from Siri than it's letting on.
There is no way people can use this today because it does not have the security it will require at either the POS or while being carried in one's pocket.
WHEN this is put out there by Apple, we all know that it will just work - unlike what have already been tried. How many people have seen this technology where it can be used? I would appreciate ONE device that allows me to move about without carrying a wallet, credit cards, keys, etc.
Those bags used for disk drives and RAM cards are supposed to prevent interference from other electronic devices. However, the test involving enclosing a cellphone in the device and then calling that phone fails. Those videos showing how to make a Faraday cage wallet are just as dumb.
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Say WHAT?
double redundancy on pins?
Wouldn't that reduce the functionality?
The security issue is just a common excuse and misconception. It's not there isn't any security, but just a matter of coming up with the right method to protect against theft as phones are far easier to lose or steal than someone's credit card, and banks and developers know this. They may not be able to solve all the problems without sacrificing functionality or making it too complicated, but current solutions meet at least halfway and is enough for people to jump on the tech. The fact that NFC is now added to almost all the new Android phones and many people are actively seeking it as a feature work investing in shows that they are not opposed to the tech.
Mastercard's PayPass has already been around for years and is what Google Wallet uses. If you have tried to used GWallet, you would know that although it's not a true credit card, it works flawlessly by like a debit card/prepaid credit card, where you add a small balance and then make charges at any location that has a PayPass terminal, for example, McDonald's.