Apple Extends Internal iOS 11.1 Apple Pay Cash Testing to Retail Employees

[lolkthxbai]

have you seen any info about the following scenario:
(or, take a guess at it)

say there's $100 on my cash card..
i want to make a $150 purchase at an ApplePay terminal..

do you think i can use up the $100 on the cash card then have the other $50 come from my debit card automatically?
or, will i have to basically make two separate transactions.. one for each card?

apple pay should behave the same as using a card at the terminal so it really depends on the vendor. let’s say Vendor A can split the payment in two, then the answer is yes but will require two separate transactions. if Vendor B has a terminal that isn’t as sophisticated, then no.
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[WolfSnap]

What I **REALLY** want to know is that if you send or receive a payment -- can you reverse the payment later on?

In other words, how safe is this for things like Craigslist sales? Is it actually "cash"? or can you still be scammed with this?

 

[t76turbo]

Talk to the banks, not Apple. They are the ones who use your SS# to verify and link direct access to a checking account, which is what this does.

That’s not true in my experience. Banks require routing and account number. They do NOT require ssn. I have never had to give ssn when linking services to my bank including PayPal. Although PayPal asked for it for government verification and I refused.

They used to pop up a message telling me I needed to verify my info (provide ssn) but I never did and nothing changed. It is a government thing I think used to help catch money laundering and other financial movements.

 

[flat five]

apple pay should behave the same as using a card at the terminal so it really depends on the vendor. let’s say Vendor A can split the payment in two, then the answer is yes but will require two separate transactions. if Vendor B has a terminal that isn’t as sophisticated, then no.
[doublepost=1507941392][/doublepost]

makes sense.
thank you

 

[archvile]

I'm just waiting for someone to find the inevitable way(s) to abuse this with a rewards-focused credit card where the rewards points outweigh the 3% hit.

 

[bchery21]

I could see myself using this feature as much as I use Venmo...not often. But on the occasions when I do, it'll be convenient for sure.

 

[Apple_Robert]

I liked the idea, until I read this "The Apple Pay Cash setup process can be seen in the screenshot below -- it asks customers to verify their identity with name, address, and social security number." Not to mention iCloud account whitelisted.

With the recent hack of Equifax and other high profile companies lately, I don't feel comfortable giving Apple such a critical piece of information. I would rather have a special PIN code I create, along with my ID password and Touch ID or Facial ID confirmation, instead of my Social Security number.

 

[citysnaps]

I liked the idea, until I read this "The Apple Pay Cash setup process can be seen in the screenshot below -- it asks customers to verify their identity with name, address, and social security number." Not to mention iCloud account whitelisted.

With the recent hack of Equifax and other high profile companies lately, I don't feel comfortable giving Apple such a critical piece of information. I would rather have a special PIN code I create, along with my ID password and Touch ID or Facial ID confirmation, instead of my Social Security number.

Have you ever opened a bank account, whether online or brick and mortar? Same thing. SSN is required by law.

 

[Apple_Robert]

Have you ever opened a bank account, whether online or brick and mortar? Same thing. SSN is required by law.

Not exactly the same. Apple is not a bank. Right now, I can make transactions with Apple, especially high dollar, and haven't been asked for such personal information to confirm identity. My Apple ID pass and fingerprint has been enough to purchase several thousands of dollars (at once several times)

 

[citysnaps]

Not exactly the same. Apple is not a bank. Right now, I can make transactions with Apple, especially high dollar, and haven't been asked for such personal information to confirm identity. My Apple ID pass and fingerprint has been enough to purchase several thousands of dollars (at once several times)

Yes, and those purchases were made with a credit card whose company has your SSN.

It's not about credit card purchases. It's about moving (potentially large amounts of) money, potentially undetected.

 

[mariusignorello]

Really, Apple? Why do we need to verify our identity with a social security number? A social security number is not meant for identification purposes. Let's stop doing this, okay? Thanks

Well the problem is that it is socially accepted that the SSN is your universal identifier.

Also since the Apple Pay Cash card stores funds, federal law requires identification for who owns the account. So in essence you are opening a virtual checking account.
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That’s not true in my experience. Banks require routing and account number. They do NOT require ssn. I have never had to give ssn when linking services to my bank including PayPal. Although PayPal asked for it for government verification and I refused.

They used to pop up a message telling me I needed to verify my info (provide ssn) but I never did and nothing changed. It is a government thing I think used to help catch money laundering and other financial movements.

Eventually they force you to if you hit certain limits or trigger a scenario.

 

[SoundJudgment]

"Can I pay you by ApplePay?"
"No. Do you accept Google Wallet?"
"No. How about PayPal?"
"No, sorry. Ok, here's $20 in cash then."

You must live a very sheltered-life. I can't find a retail shop or restaurant that I go to which does NOT accept Apple Pay.
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Really, Apple? Why do we need to verify our identity with a social security number? A social security number is not meant for identification purposes. Let's stop doing this, okay? Thanks

Your SS Number is greater than four specific-digits...which is what Apple is requiring.

 

[dontwalkhand]

I dont think i ever needed to send a friend money to begin with ... ? I make my own money

Now gimme iMessages in the Cloud

I’ve bailed out very close friends simply because I love them to death. They’d do the same for me.

Now onto the Apple discussion...
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That’s not true in my experience. Banks require routing and account number. They do NOT require ssn. I have never had to give ssn when linking services to my bank including PayPal. Although PayPal asked for it for government verification and I refused.

They used to pop up a message telling me I needed to verify my info (provide ssn) but I never did and nothing changed. It is a government thing I think used to help catch money laundering and other financial movements.

Because the virtual card is a debit card.

 

[Böhme417]

You must live a very sheltered-life. I can't find a retail shop or restaurant that I go to which does NOT accept Apple Pay.

They must live a sheltered life because they don't only go to the same places you do? That comment sounds like the situation is reversed.

I can definitely name more places that DON'T take it than do.

 

[jonnysods]

I'm more excited about iMessages in the cloud than this....

 

[jpn]

1 Social Security number: since its only the last 4 digits that are required its clearly indeed to establish a link between the given credit card / bank account details you supplied with the apple pay cash account you are creating. It is therefore a kind of identity check at a very basic level.

2 No SS number? All persons, even foreigners, who have a bank account or credit card within the USA must have at least the equivalent of a SS number which is called a Tax Payer ID. It amounts to be the same system, but used for bank transactions and taxation, not benefits or retirement allowance.

3 Markets outside of the USA: From how carefully apple is going about implementing this within the USA, its clear that apple pay cash system will take YEARS for it to be launched outside of the USA.

4 My Question: what is considered as "available for use within the USA?
For example, is "only available within the USA" defined as the case where the apple ID associated payment address is an address within the USA? is that the only requirement (other than having an SS etc.?) to be considered "within the USA"?

 

[Vanilla35]

My issue with stuff like Apple Pay is if you lose your phone, will you be "cash stranded" until you get a new phone? Someone said you could just use credit cards as a backup. However, some proponents tout that never having to carry cash nor credit cards as one of the benefits. At least with a credit card, they replace them for free.

I will acknowledge that if your credit card info gets hacked or stolen, it is more cumbersome to have to redo all automatic payments you've set up using that card, which wouldn't be an issue with Apple Pay.

I'm really not seeing the hassle here. What I would imagine doing if I was cash/cardless (btw I stopped carrying cash when I was like 14) is just to leave my wallet full of cards in the car. If I ever need it, it's in the car glove box, so I can just grab it. Only issue I see with this idea is for those who take public transit, as they wouldn't have a place to put it other than their person.

 

[Scottsoapbox]

i'm certain that myself, along with a few co-workers, will use this capability pretty much every single day..
also, within my family, i think we'll use it often.
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every day at lunch..
either talk the server into giving separate checks then everybody pays individually..
or
everybody adds their share of the cash into the pot.. (never happens)
or
everybody with cash pays the person without cash who then pays the bill on a card
or
go to the bar to get change so everybody can cash out properly ("oh.. i only have twenties" -- times 5).. give cash to the one person with no cash.. (this last one is the way it usually plays out)
or
IOUs

etcetc.

with peer to peer apple pay.. this process becomes so much easier..
everybody just texts their portion to the one person who then pays the bill..

i'm not exaggerating-- the above scenario is a daily occurrence for me

Or you have the waitress split it evenly which is even easier than adding up a bunch of items and texting each other money over a few dollars difference.

Or you take turns buying lunch.


That's how I handle those daily occurances. (Works with Android and flip phone users too.)

 

[DeepIn2U]

Talk to the banks, not Apple. They are the ones who use your SS# to verify and link direct access to a checking account, which is what this does.

Regardless this should NOT be legal! In the USA wet few states share that information with respected bureaus therein. SSN shouldn’t ever be used for verification unless directly between you and the bank, the government or your credit card agency and NEVER through a 3rd party. Not sure what the laws are there but it’s a dangerous slope.

 

[citysnaps]

Regardless this should NOT be legal! In the USA wet few states share that information with respected bureaus therein. SSN shouldn’t ever be used for verification unless directly between you and the bank, the government or your credit card agency and NEVER through a 3rd party. Not sure what the laws are there but it’s a dangerous slope.

Why do you believe your SSN would be shared with a third party?

This isn't a big deal. Simply pretend Apple is just another bank. And they're complying with federal law in order to do so.

 

[DeepIn2U]

Why do you believe your SSN would be shared with a third party?

This isn't a big deal. Simply pretend Apple is just another bank. And they're complying with federal law in order to do so.

However their NOT a bank and thus their third party. If Apple’s Apple Pay directly when setting up your bank or credit card as it was since the beginning doesn’t require your SSN then it really shouldn’t (ideally) now with new features.

Either way I just fee it adds to a secretory risk not worth implementing. But that’s just opinion.

 

[citysnaps]

However their NOT a bank and thus their third party. If Apple’s Apple Pay directly when setting up your bank or credit card as it was since the beginning doesn’t require your SSN then it really shouldn’t (ideally) now with new features.

Either way I just fee it adds to a secretory risk not worth implementing. But that’s just opinion.

Let's see...

Apple Pay Cash can accumulate cash on your behalf, from others. And similarly, Apple Pay Cash can, on your instructions, disburse specified amounts of your accumulated cash to a party you designate.

Smells like a bank to me.

And like a bank, if any transaction is an amount of $10,000 or greater, that transaction must be reported via a Currency Transaction Report along with your SSN to the government. This is to curtail money laundering activities and has been in effect since the 1980s. I suspect there are other reporting laws, likely secret, to curtail other illegal activities.

Again, Apple Pay Cash would not disclose your SSN to a cash recipient you designate. Why would Apple do that? And why would a party you send cash to need your SSN?

 

[0970373]

3 Markets outside of the USA: From how carefully apple is going about implementing this within the USA, its clear that apple pay cash system will take YEARS for it to be launched outside of the USA.

Agree. If only we used SWIFT & IBAN here in the US, this would be much easier. *sigh*

The app that works this out wins without charing $30 wire fees this game but international banking is not that easy.

 

[dannyyankou]

I use square cash often, I can’t wait to try this.

 

[Feenician]

The app that works this out wins without charing $30 wire fees this game but international banking is not that easy

If you know about it already then ignore me, but look into TransferWise if not. Very low cost international transfers and, once they know you, transfers are very quick. If you use Apple Pay they can take just a couple of hours, end to end.