Apple Pay Gains 12 New Participating Issuers in United States

[Crzyrio]

Apple's fee is NOT tiny. In fact, the fee (and the amount of information that Apple wants back from the banks) is exactly why we don't see Apple Pay rolling out over the planet. Banks in Canada and the UK and the rest of Europe cannot afford what the US banks are paying Apple. Not even close.

For example, in Canada, Interac charges its members 0.6 cents per transaction. Apple wants 0.5 cents per transaction. That would almost double the fee.

In Europe, interchange fees are capped at 0.23% for small NFC purchases. Giving Apple 0.15% of the purchase... over half of the collected fee... is simply not feasible.

In the UK, banks have also expressed worry about the amount of purchase data that Apple wants back.

No doubt with regards to Interac fees, and could care less for interact. I am more interested in using my Credit Cards with apple pay where 0.15% is a fair amount.

 

[mike2413088]

I can see Apple accepting far less or even zero fees if that means AP spreads outside the US. Remember, Apple is primarily a hardware business. We probably won't ever be privy to such info unless it leaks somehow though.

Apple is primarily a software business first. When Apple implements most of their features, they try to use the software variance first (see passbook, air drop, and iCloud, rather than using hardware like NFC). Also see the incentive on tweaking the software for better hardware performance rather than just maxing out the hardware specs. iTunes radio? Software implemented. Camera? Apple doesn't tweak the hardware as much as they alter the software to get better photos.

I get what you're saying and I agree, but Apple is a software company before a hardware one.

 

[JackANSI]

From what I've experienced in the wilds of Western Washington, anywhere you see:

You can use Apple Pay.

That will be coming soon to pretty much everywhere in the USA over this summer, as retailers will be liable for fraud if they don't accept this method of payment from October, 2015 and onward.
http://blogs.wsj.com/corporate-inte...15-the-end-of-the-swipe-and-sign-credit-card/

Good luck with that in PA... That logo only means contactless cards/widgets will work around here. 99% of the gas pumps at any station will reject Apple Pay but take the same card as a contactless payment method just fine. Several stores in the local Mall have that logo but fail to accept Apple Pay.

That logo is not universal at all.

 

[JeffyTheQuik]

Good luck with that in PA... That logo only means contactless cards/widgets will work around here. 99% of the gas pumps at any station will reject Apple Pay but take the same card as a contactless payment method just fine. Several stores in the local Mall have that logo but fail to accept Apple Pay.

That logo is not universal at all.

I'm sorry to hear that. I wonder why I'm having luck with it.

 

[kdarling]

Good luck with that in PA... That logo only means contactless cards/widgets will work around here. 99% of the gas pumps at any station will reject Apple Pay but take the same card as a contactless payment method just fine.

I believe that the problem at gas pumps is that they pre-authorize an amount up to $100, and then charge the actual amount later on when done.

Currently Apple Pay is not set up to do that with tapping once on the pump, like say, a PayPass card can.

Of course, if you go inside to pay, contactless works fine since you're authorizing an exact amount.

It's the same problem as paying at a sit-down restaurant. To use Apple Pay (or any other contactless card emulator), the entire final amount with tip must be presented, instead of going in stages (get bill, give waiter card, card gets preauthorized, add tip, account charged with full amount after you leave) like people are used to with magstripe cards.

(Apple Pay APIs used inside branded apps can do these stages, but that's not the same as tapping.)

Chevron and others were working with Apple to figure something out, though. It's possible that some pumps already do work.

 

[ron7624]

I was just notified by my bank, Frost Bank, that the will have Apple Pay added and useable by the 29th of this month. I'm very excited about that. Its a statewide bank so I'm really surprised. I don't see them on any of the lists yet.
I agree that we need more retailers added. I use Apple pay often, but only a few stores in my area accept it.

 

[JackANSI]

I believe that the problem at gas pumps is that they pre-authorize an amount up to $100, and then charge the actual amount later on when done.

Currently Apple Pay is not set up to do that with tapping once on the pump, like say, a PayPass card can.

Of course, if you go inside to pay, contactless works fine since you're authorizing an exact amount.

It's the same problem as paying at a sit-down restaurant. To use Apple Pay (or any other contactless card emulator), the entire final amount with tip must be presented, instead of going in stages (get bill, give waiter card, card gets preauthorized, add tip, account charged with full amount after you leave) like people are used to with magstripe cards.

(Apple Pay APIs used inside branded apps can do these stages, but that's not the same as tapping.)

Chevron and others were working with Apple to figure something out, though. It's possible that some pumps already do work.

Once again... the contactless logo is on the pump, yet Apple Pay doesn't work... Thus that logo is not an indication of support as gets stated over and over incorrectly...

I have yet to find a retail location (bar none) that has only the contactless payments logo that accepts Apple Pay in my area. The only places that Apple Pay works is where Apple's website says Apple Pay will work (and thus places that also have the Apple Pay logo in addition to the contactless payments logo).

The contactless payments logo is not even close to being an indication of Apple Pay support. End of story.

 

[tmiw]

Once again... the contactless logo is on the pump, yet Apple Pay doesn't work... I have yet to find a retail location (bar none) that has only the contactless payments logo that accepts Apple Pay in my area. The only places that Apple Pay works is where Apple's website says Apple Pay will work (and thus places that also have the Apple Pay logo in addition to the contactless payments logo).

The contactless payments logo is not even close to being an indication of Apple Pay support. End of story.

I'm not sure where you live but I've been able to use Apple Pay everywhere that has a PIN pad that looks like this:

(you'll need to push the Sale softkey and have the clerk put the amount in on the terminal that it's plugged into)

In fact, I used such a terminal yesterday with the Apple Watch and amazed the people behind me in line as well as the clerk. These are generally used at smaller businesses though and not the major retailers, so you may need to do some looking with the help of the MasterCard Nearby app and such.

 

[JackANSI]

I'm not sure where you live but I've been able to use Apple Pay everywhere that has a PIN pad that looks like this:

(you'll need to push the Sale softkey and have the clerk put the amount in on the terminal that it's plugged into)

In fact, I used such a terminal yesterday with the Apple Watch and amazed the people behind me in line as well as the clerk. These are generally used at smaller businesses though and not the major retailers, so you may need to do some looking with the help of the MasterCard Nearby app and such.

Subway is the only place I've laid eyes on anything like that. Vast majority I see have the large sign-on-screen-type pads with the chip slot on the front and the slide on the side. Usually no contactless logos, but a noticeable amount do take my contactless cards, then the next time I go in I try Apple Pay and it fails (but the card still works).

If they are local/small businesses I pay cash. They may have that device behind the counter or something, but I don't believe in making them pay CC fees.

 

[MTShipp]

Great! So when can I used my North Carolina State Employees Credit Union debit card? :-/. NCSECU said they think it costs too much and are still trying to decide if its worth it to their customers. Its the second largest Credit Union in the USA with almost 2 million users.

Well at least that is a change from when I spoke to them not long after AP was released. They told me at that time they had no plans to implement AP. I truly hope they change their mind!

 

[davcreech]

And still no North Carolina State Employee's Credit Union. Well I've opened a Wells Fargo account to just use Apple Pay and I use it instead of the credit union now. Maybe some day the credit union will come out of the 19th century.

I was finally told NCSECU is going to support Apple Pay (and those 2 others that no one cares about) by the end of the year! FINALLY!

 

[MTShipp]

Well, North Carolina State Employees Credit Union seems to have snuck Apple Pay in! FINALLY!