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Apple Partnering With American Express on iPhone Mobile Payments Initiative [Updated]
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first time i saw commercials on american tv was rather interesting for me to see. things like "get the latest whatever car for only 100$ a month
*tiny footprint at the end"
blew my mind why anyone would go far things like that.
i remember as a teen i forgot to put my money on the bank account and got a letter in the mail from my phone company cuz they couldnt charge me for the bill of 19. when my mum found out world war 3 broke out at home.
That's what I am scared of. It is the biggest failure of an app I have ever seen on android. It supports only amex cards and only a few amount of amex cards at that.
AmEx has charge card... Which is kind of like a debit card if you aren't irresponsible.
From Daily Tech: "It looks as though Apple has signed up the big three when it comes to payment processors for its new mobile payments system. Jason Del Rey of Re/code earlier today reported that Apple has signed up American Express, while a follow-up report from Bloomberg said that Apple also managed to snag both Visa and MasterCard."
Maybe MacRumours should update the article.
Maybe MacRumours should update the article.
Why would you want your bank account tied to your online payments. I think of credit card as a financial firewall. If someone puts a fraud charge, it does not affect my bank balance and cause ripple effect.
Ugh I would have thought a company so large and so global as Apple would realise the stupidity of partnering with Amex.
Amex is either not accepted or attracts a massive surcharge across the large majority of the rest of the world.
For example here in Australia most vendors simply don't accept Amex, or charge a 3-5% surcharge on any purchase. Surprisingly we are MasterCard's largest contactless payments market, with almost every shop I go to having RFID/NFC terminals. And yet with such huge potential for the use of mobile payments, Apple would partner with a provider that Australia and many, many other countries deliberately avoid.
Amex is either not accepted or attracts a massive surcharge across the large majority of the rest of the world.
For example here in Australia most vendors simply don't accept Amex, or charge a 3-5% surcharge on any purchase. Surprisingly we are MasterCard's largest contactless payments market, with almost every shop I go to having RFID/NFC terminals. And yet with such huge potential for the use of mobile payments, Apple would partner with a provider that Australia and many, many other countries deliberately avoid.
Debit cards. If you have a decent income, with a large overdraft. Say one monthly salary. Having a savings account helps as well.
Well, the concept of "credit score" is something totally alien to a German. And the concept of entering into debt and paying it back in order to be allowed to enter into more debt is just totally bizarre. If you want a loan, you go to your bank, or you use your overdraft. And they look mostly at your income, and if there is value corresponding to the loan.
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Apple wouldn't even have to charge for transactions. Visa, MasterCard etc. give you a card for free. Apple charges $600. Quite a different business model.
There are lots of possibilities. One is fingerprinting. One simple one would be that your phone must be nearby. So a thief would have to steal both the phone and the watch. One possibilty would be to check what you are paying for and apply different rules. Thieves would likely buy items that are easy to sell. So buying eggs + tomatoes = low security, buying gift vouchers = extreme high security.
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Absolutely agree. Though as American Express is already worldwide surly they shouldn't face the same issues?
There are lot's of concerns when using credit card and paying by touch id. I believe Apple has security for fingerprints which will only be stored in your device, but still, if someone has my fingerprints somehow - this could end up really bad.
Seems like the possibility of stealing both your phone and fingerprints is a lot less than stealing your card number and 3 digit code from the back or a PIN number for a debit card. If done right (which Apple has a good track record of doing) this will be a lot more secure than current payment systems.
Shoe stores in DE take credit cards. This must say something but I know not what.
Yeah, we covered debit cards in several previous posts.
Its not all that bizarre, its the idea of establishing a pattern of repayment for smaller loans, before committing to a larger loan.
Good old AMEX, the card nobody accepts outside the US of A. Apple really are struggling these days. iTunes Radio is still unavailable in most countries, Apple Store app on iPad never made it outside the US of A. Apple Maps is pretty crap in most countries outside the US. Apple TV is pointless outside the US. Tim has to change this, people are running away from Apple at this rate. The USA are not the only market for Apple, they really are losing it. It makes me cringe how bad they are in the UK. They are a waste of time here, shockingly embarrassing!!!
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Just got back from a holiday in Germany, I didn't have any problems using cards.
Same with subsidized iphones. I actually had an epic discussion with a guy from the US who really thought that an iphone in the US only costs 100$. A lot of people really don't understand that they pay a lot more when they pay off their stuff in 24 months or that the prices for the monthly rates are including a "smartphone tax".
