The cards are designed so that if you make a couple of large transactions close to the contactless payment limit they will rapidly fall back to authenticating via chip and pin. It's better then keeping large amounts of cash in your wallet as at least if your wallet is lost or stolen and your contactless card is used fraudulently your bank will refund you.
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Apple Pay Coming Soon to Crate & Barrel, Chick-fil-A and Au Bon Pain
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The cards are designed so that if you make a couple of large transactions close to the contactless payment limit they will rapidly fall back to authenticating via chip and pin. It's better then keeping large amounts of cash in your wallet as at least if your wallet is lost or stolen and your contactless card is used fraudulently your bank will refund you.
Samsung Pay... That's catchy! Wonder how they came up with that name?
EVERYWHERE??? I'm going to die laughing if you really believe that.
Samsung pay is cute now but when the USA requires chip and pin everywhere this summer they are going to be assed out I believe. Another instance of Samsung only thinking for right now and not in the future.
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It is clever the way it works it used to be loop pay and was developed up the street from me the guys that worked there would come in to our work with cases on their iPhones and use it at our normal swipe only credit card machines. Now the colorful loop pay sign as been removed from the building and an ugly Samsung pay sign went up and it's only Samsung phones that use it.
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It is clever the way it works it used to be loop pay and was developed up the street from me the guys that worked there would come in to our work with cases on their iPhones and use it at our normal swipe only credit card machines. Now the colorful loop pay sign as been removed from the building and an ugly Samsung pay sign went up and it's only Samsung phones that use it.
Yesterday we stopped at Rite-Aid. There are signs up everywhere proudly claiming all the electronic forms of payment they take. My husband was treating me to some chocolate after a very long day, so at the register he tried his Samsung Pay. Nothing. Tried again. This time it said "pin not accepted." Finally I put up my Apple watch and paid for my own darn chocolate.
Samsung Pay is almost there, but not quite.
Samsung Pay is almost there, but not quite.
Retailers do not pay anything to Apple. Credit card issuing banks do. Retailers pay the same interchange whether the physical card is used or Apple Pay is used. In fact, the risk of chargeback on Apple Pay transactions is probably lower.
There's this amazing thing called an RFID blocking wallet.
Not to personally attack you, but this kind of thinking is the reason we're so far behind the rest of the world and didn't mature contactless payments back in 2005.
Technically the latest Samsung phones use MST for older terminals and Samsung pay with NFC (or Android pay with NFC) for newer terminals. The only issues are gas pumps unless they use NFC. Otherwise you have to use a dummy card to see the MST communication.
So hands down Samsung pay is compatible with more locations. If it wasn't for Samsungs slow Android updates I wouldn't be holding a 6S right now. Also they need a faster more accurate finger print scanner. The S6 was good but no comparison with the 6S.
"In answering the question "Does RFID make it easier to steal?" the article states, "Jay Foley, executive director of the Identity Theft Resource Center in San Diego, is quick to admit that thieves could get your card info remotely through a scanner, but adds that they probably wouldn't be able to use it. Unlike magnetic stripe cards, RFID credit cards encrypt a cardholder's information. To access a consumer's account, thieves not only have to scan the card, they also have to break the card issuer's encryption."
That is also true. I'm new to the contactless cards because there aren't too many around where I live, but I knew they didn't just put your information in the air to any receiver without protection.
I tried to pay at a bakery with my debit card in Hamburg this weekend and failed. They only accept cash (and I was told it is the case with all bakeries in Germany. In addition, my German bank´s online banking offering is laughable compared to what my Dutch bank offers.
In many ways Germany is still in the stone ages in terms of banking and mobile payment innovation.
I think you mean the number of banks that are supporting Apple Pay.
There's over 800 of them in the U.S alone--it's time to focus on the merchants now.
Not sure what you mean by winning. Because I am not getting a Samsung only for this feature, so what did they win? Oh and it is nowhere close to as secure as Apple Pay, so what did they win? And it's not integrated with the watch, so what did they win? And the technology they are mimicking is being phased out over the next few years compared to Apple Pay which is being phased in, so what did they win?
I know, bragging rights. Okay, mister samsung, you go ahead and brag... right up until you see your financial results and start to cry....
BTW -- my only problem with Apple Pay is how slow the vendors have been in turning on the feature. It has gotten better of late, but it is still a bit of hit and miss. Probably a year out for this to hit the tipping point from what I see.
No, the number of banks that Apple is supporting. It's no coincedence that only banks in the USA and UK work with Apple Pay at the moment. I'm pretty sure loads of other banks in other countries are waiting for Apple to allow them to issue card using Apple Pay.
Slow news today, huh? Apple need to stop bragging about how many Apple Pay they are opening up. As someone from previous post mentioned...I think Samsung may have won this. Actually Apple need to stop bragging about how many store they opened up alread or will open up, Apple need to stop bragging how much profit they earn quarterly, and Apple should stop bragging about how many units they sold during keynote. Apple should be productive and start making better products and not just gimmicks just to sell just for sake of selling.
I'm rooting for ApplePay (and SamsungPay and AndroidPay, but mostly ApplePay) to succeed so that I can get rid of some of the cards in my wallet. I want the ability to choose which account to charge, without having to choose a card from my RFID-blocking wallet, which I want to be mostly empty. I also want the security of knowing the payment feature won't be triggered without my authorization.
ApplePay gives me more of what I want than having multiple cards in a thick RFID-blocking wallet does.
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The banks have to update their systems to recognize that the transaction is from ApplePay, so they can give Apple their cut. I assume it's similar with SamsungPay and AndroidPay. So the banks are the bottleneck.
It's their job to sell products, announcing profits, units sold, stores and how well their products are doing. They are a business, they need to make money and report to investors. Do I wish Apple would just throw every new technology they could come up with in the iPhone 7/Air3/iMac/MBR? Sure, but that's now how companies make money long term.
If you have to insert your card for it to work, Apple pay isn't going to work either. If the credit card machine is behind the counter, Apple pay isn't going to work either.
If the machine doesn't have NFC, Apple pay isn't going to work but guess what? Samsung pay will work.
Yes! It's insane to me that Target stores don't accept Apple Pay. You would think after their huge data breech that they would be the first store to jump on this opportunity. Also every Target store just switched to chip card terminals so if there was ever a time to train associates on NFC, it probably would have been best to do it when they had to train everyone on the new systems.
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I thought Apple was only taking a cut from the credit card companies, not the stores.
Apple Pay will still work on machines that require you to insert your card, i.e: Walgreens and Rite Aid. Check your facts please.
Actually, it's not. SamsungPay can mimic can send out a magnetic pulse (the same one that your credit card emits when you swipe it) so it can literally be used anywhere a credit card can swipe regardless if they support NFC or not. It's exactly what Apple should've done as a backup with Apple Pay, but didn't.
I don't disagree with your statement as this is from business perspective. I'm talking about consumer's perspective. It's fine and dandy to make more, but they should evaluate their performance by looking at consumer's poll. I'm talking about whether the consumers are satisfied with their progress. I am sure people are satisfied with iPhone, but what about computer products? Are majority happy with solder parts of computers? Are they happy with degrading hard drives in iMac ? Maybe like 5400 type?
In the US the number 1 reason I can see a issue with this is Apple getting sue because people lost their phone and somehow something happ
I was just about that say that. Especially in the US, I can already see someone suing Apple, because they prefer quickness over security and lost their phone and sue Apple because all their credit card is stolen.
Any place that has a chip/pin reader but has it disabled or has a tap reader and has it similarly disabled, I kindly ask the cashier to tell their management that I'm disappointed that I can't use more secure payment there.