How would you know any of that when Apple uses services as a catch all for fringe elements like AP, AW, AM, etc - just spit-ballin the "truth" again - you have absolutely no idea how much Apple is making on any of it's products other than iPhones and that is as a whole and not broken out. Give it up.
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Apple Pay in Australia Expanding to 31 Small Banks and Credit Unions
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How would you know any of that when Apple uses services as a catch all for fringe elements like AP, AW, AM, etc - just spit-ballin the "truth" again - you have absolutely no idea how much Apple is making on any of it's products other than iPhones and that is as a whole and not broken out. Give it up.
Great information, thanks, did not know this. I prefer using Apple Pay any time I can.
Glad Apple Pay has expanded in Oz too.
You're making it too easy. Get your helmet on and get in the game. Everyone knows that Apple Services are indeed broken out by revenue each quarter, e.g., the last quarter continued the amazing growth and reached an all time record of over $6 billion dollars, yes that's the big "B" . Read previous quarterly report for confirmation about Fortune 100 status of services revenue. Facts are difficult things.
If you value customer service, you will be very disappointed switching from Suncorp to ANZ.
Given that you will likely carry your cards in your wallet anyway in case your phone goes flat or gets dropped - or if you need to get money out from an ATM that isn't owned by ANZ, Apple Pay won't be worth the other inconveniences of switching banks.
Keep dreaming.
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I've stopped carrying mine months ago. It is incredibly liberating.
I never carry my wallet and never bother with Cash in the first place? I really find the wallet overall to be pretty useless other then holding my Gym and Transport Pass cards. I long for the day i don't need those either. I remember when i ditched all my store cards in favour of the StoCard app the checkout operator was concerned if my phone went flat. But if your phone goes flat it's pretty unlikely that swiping your store points card is the least of your issues.
Um, no. Didn't you read the storyline? The banks are the ones holding it up in Oz, why else would they hold things up going to the ACCC? Card fraud is on the rise and the banks cannot and will not provide anything as secure as Apple Pay. Another thing you forgot to mention is that reason why the banks want access to the Apple NFC system is so they can track your spending habits and sell your info off to others. Apple Pay encrypts all payments, even Apple cannot track your purchases. Only a fool would hand their buying habits over to the greedy banks. This is why they're holding out, not the spurious reasons you dished up as fact. Total bank PR BS, which is why you work for one of those banks holding out.
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Ha ha, what utter BS. The other poster got your name spot on. Apple brings encrypted payments system to the party pal, end to end encryption, something no other bank or NFC system offers. Banks and google will track your purchases and sell your data to others. Apple cannot and will not do that. Thats enough for any consumer. Only a blind stupid fool thinks otherwise.
Since the banks control both your card number and your DAN, and they pass the info back to Apple - the banks know your every movement and purchase, and so does Apple - how naive the Apple fans are to believe otherwise.
Not much technology required by merchants to tie your DAN to your/their customer loyalty card ... BAM ... the customer profile is once again complete.
But using AP is just so fun, ain't it?
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Banks have been around a very long time, and they're the ones who pushed tokenization.
Also remember that Apple Pay is mostly just Apple rebranding standard NFC payments. The same payment code could be used by the banks.
NFC payments (like Apple, Google or Samsung Pay) are emulations of a contactless card.
The only difference is that the former use tokens, whereas most contactless cards do not. But they could, if the banks thought it was worth paying for back end token services.
Contactless fraud makes up less than 2% of all card fraud in Australia, and that percentage has been dropping each year.
On the contrary, sure they could. After all, Apple doesn't write or maintain the actual payment code in the Secure Element... that's done by each credit card scheme (Visa/MC/AMEX/etc). A bank app could just as easily use TouchId and the card applets to make payments.
The reason banks are not allowed to use NFC, is because Apple wanted to sell banks access to their own customers. A classic case of "the customer is the product".
Over and over again, you prove that you know almost nothing about how Apple Pay works.
Apple Pay already gives the banks every piece of info they always had. It's just a contactless card transaction, after all.
Incorrect again. The purchase info is not encrypted.
Apple can and does track certain pieces; they say so in their Privacy Policy. For example, Apple tracks the location of contactless purchases, and they collect info about online AP amounts.
This is in addition to the flow of collective purchase info that Apple demands back from the banks as part of the Apple Pay contract.
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Actually, user acceptance has stayed the same, or dropped.
Only 1 out 20 signed up for Apple Pay still use it.
http://www.pymnts.com/news/mobile-payments/2016/apple-pay-adoption-usage-2016/