Apple Expecting In-App Purchases to Make Up Most of Early Apple Pay Activity

[bushido]

i thought you could always pay or verify an IAP using the TouchID even on iOS7?

 

[vjl323]

No TouchID on Apple Watch...

Watch lacks Touch ID, but has NFC. How did Apple get banks and such to agree to that? I thought Touch ID was one of the reasons Pay was more secure.

 

[HiRez]

Watch lacks Touch ID, but has NFC. How did Apple get banks and such to agree to that? I thought Touch ID was one of the reasons Pay was more secure.

You have to activate the watch using Touch ID on your iPhone (maybe iPad now). It stays active until the heartbeat monitor detects it has left the proximity of your wrist.

 

[sweatshop]

Watch lacks Touch ID, but has NFC. How did Apple get banks and such to agree to that? I thought Touch ID was one of the reasons Pay was more secure.

From what I understand, the watch can tell when it is touching your skin. The first time you put it on, you will need to enter a password. If someone grabs it off your wrist and it breaks contact with your skin it will require you to re enter your password.

 

[locust76]

So no iPad Air 1 support?

Do you have Touch ID on your iPad Air 1?

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Already refreshed the iOS software update page several times #

You're gonna be waiting a long time. They release software updates at 10am PST.

 

[davethefish]

Well I won't be buying a new Mac Mini using this that's for sure.

 

[heehaw]

You're gonna be waiting a long time. They release software updates at 10am PST.

10am PST??? Well dammit, I'd better make me a cup of tea

 

[J.gerbes]

It's midnight on the west coast. Gimme the update already!

Hey, Monday for me started over 21 hours ago... I have a feeling that we're gonna be waiting until Cupertino hits 9/10am of 20 October.

 

[mrbib]

If Pay works out well, (and I'm sure it will), Apple is going to start using a crypto-currency like bitcoin or something of their own creation within a few years.

 

[locust76]

If Pay works out well, (and I'm sure it will), Apple is going to start using a crypto-currency like bitcoin or something of their own creation within a few years.

Why? Dollars and Euros are working out pretty damn well for Apple at the moment.

 

[FotoDirk]

As I understand it pay will consist of 3 things:

- All apple-store and in-app store purchases will be named pay as well. This is what we have already today. It is just now named under the same brand name of pay. Most likely all purchases with all versions of iOS and all possible iDevices will be counted in these transactions. So that pay has a lot of transactions going on from day one.

- Online purchases can be done with pay. This means that you need to couple your credit card with the service. If the online retailer integrates the pay service. You can use any iDevice with a touch-id and at least working on iOS7 for these. No need to enter your credit card details at the online store. Apple is now the payment broker in the middle. This will work then for ip5S, ip6, ip6+, iPAD-mini3 and iPAD-air2. Unless they also foresee an option to enter your Apple-id credentials on older devices.

- NFC payment in physical stores. This means you need an NFC iDevice (ip6, ip6+ or watch). You wave it in front of the pay terminal in the store to get your payment done. Also here Apple is the broker in the middle and you don't share your credit card any more with the store)

 

[Jacquesvw]

.

 

[thekeyring]

So no iPad Air 1 support?

No Touch ID.

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i thought you could always pay or verify an IAP using the TouchID even on iOS7?

You could for in app purchases - it would charge your iTunes account.

Apple Pay means you can buy things in others apps where normally you would have to enter card information, billing address, etc.

 

[gnasher729]

Children + touch ID + in-apply purchase = ? I hope Apple has considered this situation.

Do your kids have the same fingerprint as you do?

You know, Touch ID doesn't work with just _any_ finger, it has to be the finger that is registered to allow payments. If you allow your kids to make payments with their fingerprints, then you deserve any purchase they make.

 

[blackcrayon]

Of course it makes sense. Your iPad Air doesn't have an NFC a chip. It Is physically not capable of this. The NFC chip was introduced in an Apple product starting with the iphone 6.

As for the iPad Air 2 being introduced after iphone 6, maybe apple should have included an NFC chip in it. It wouldn't have been expensive to add it. we would just just a little silly using it. But convenient to those who want safer in store transactions and can't upgrade their phone yet.

Silly is right. Instead of a little credit card, whip out this GIANT TABLET from your bag to pay instead! I can see the Samsung commercial now...

 

[gnasher729]

If Pay works out well, (and I'm sure it will), Apple is going to start using a crypto-currency like bitcoin or something of their own creation within a few years.

Bitcoin is rubbish. People spend lots of money on electricity and for some reason that is supposed to create a currency. Utter nonsense.

 

[jermwhl]

Here in Africa we still trade with chickens, goats and the occasional woman or two if you want something expensive.

I had to trade one of my wives and a daughter for my iMac, over here the concept of virtual payment is at least another 50 years away.

Hilarious! But seriously, I'm hopeful that as long as you have a U.S. credit card registered with ApplePay, you SHOULD be able to pay anywhere there is a NFC device. I live in Switzerland, so I'm going to make a stop at Starbucks or McDonald's (both of whom have NFC terminals) after I've registered by credit card to test my theory.

 

[0098386]

That's an unrealistic image. Why would I be shopping for Beats headphones?

 

[blackcrayon]

Bitcoin is rubbish. People spend lots of money on electricity and for some reason that is supposed to create a currency. Utter nonsense.

If you think that's rubbish, you should see how banks create traditional money out of nothing at all

 

[MyopicPaideia]

There is so much misinformation and bad writing in this article, it is ridiculous.

 

[iapplelove]

I don't really understand why in-app purchases are Apple Pay. I mean...haven't we already been using these the same way since Touch ID showed up? No NFC involved...I don't know, it's weird, seems like they are just trying to juice up numbers that count as Apple Pay for something that really isn't that.

Apple loves to bloat their numbers it's nothing new.. Google wallet and PayPal have been around a while now it would be nice for apple to come out of the gate with HUGE early adoption numbers.

 

[MyopicPaideia]

If you think that's rubbish, you should see how banks create traditional money out of nothing at all

This. If we all applied the proper logical thought process this guy used to judge Bitcoin worthless as a currency, then 97% of all the world's money is also worthless, because that's how much of it has been created out of thin air and has no paper currency or precious metals backing it up.

 

[rsocal]

As I understand it pay will consist of 3 things:

- All apple-store and in-app store purchases will be named pay as well. This is what we have already today. It is just now named under the same brand name of pay. Most likely all purchases with all versions of iOS and all possible iDevices will be counted in these transactions. So that pay has a lot of transactions going on from day one.

- Online purchases can be done with pay. This means that you need to couple your credit card with the service. If the online retailer integrates the pay service. You can use any iDevice with a touch-id and at least working on iOS7 for these. No need to enter your credit card details at the online store. Apple is now the payment broker in the middle. This will work then for ip5S, ip6, ip6+, iPAD-mini3 and iPAD-air2. Unless they also foresee an option to enter your Apple-id credentials on older devices.

- NFC payment in physical stores. This means you need an NFC iDevice (ip6, ip6+ or watch). You wave it in front of the pay terminal in the store to get your payment done. Also here Apple is the broker in the middle and you don't share your credit card any more with the store)

I don't believe Apple pay will work with iOS 7, it'll be activated in today's iOS 8.1 update.

I'm looking forward to Apple Pay, I think it's really going to make NFC shine!

Im going to update my business credit card terminal to NFC for Apple Pay. I hope Apple or CC company's will supply a decal and or a way to let people know you exept NFC & Apple pay. Similar to Visa, Master Card, AMEX window decals Etc.

I'll myself will use it whenever it's available.

 

[SilianRail]

This. If we all applied the proper logical thought process this guy used to judge Bitcoin worthless as a currency, then 97% of all the world's money is also worthless, because that's how much of it has been created out of thin air and has no paper currency or precious metals backing it up.

 

[jermwhl]

This. If we all applied the proper logical thought process this guy used to judge Bitcoin worthless as a currency, then 97% of all the world's money is also worthless, because that's how much of it has been created out of thin air and has no paper currency or precious metals backing it up.

Aren't fiat currencies fun? Just like monopoly, the bank never runs out money, it can just issue IOU's or print more money when it feels like it.