Was only a half joke.
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Apple Pay May Be Expanding to Canada as Soon as March
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Was only a half joke.
Good can be measured in various ways. Some of the largest companies have some of the lowest customer satisfaction and reputational ratings.
When Visa Debit is launched? I've been using my Scotiabank Visa Debit for the better part of a year already.
Essentially, Apple only has to deal with Interac. Interac runs transactions for all Canadian banks. Get ApplePay to work with Interac and it'll automatically work for all bank's debit cards.
My Scotiabank branch manager strongly hinted that I wouldn't have to wait too long. Looks like it's coming
Good, Scotiabank is one of the 3 I use, though admittedly, I only have anything with them because Scotiabank bought e*Trade Canada like 7 years ago.
Not exactly. Interac mostly pushes the costs to the bank account owner, not the bank or the merchant.
https://www.interac.ca/en/interac-about/interac-fees
Really? You want to show off your brand new expensive iPhone as much as possible, IN MEXICO???
Quite reckless
Interac charges its members 0.6 cents per transaction. Apple wants 0.5 cents per transaction. If Apple dealt with Interac, those fees would have to almost double. Not likely.
Going up the food chain, payment processors might charge about 5 cents per debit transaction. Again, adding a half cent is a pretty big increase.
It'll be interesting to see what Apple Pay contracts look like in Canada and especially in Europe where fees might soon be locked down to tiny amounts.
Canada already uses EMV. Stealing the CC number and PIN cannot help someone make a counterfeit chip card.
However, yes, skimmed CC numbers can still be used for internet purchases. That's the real benefit of a tokenized scheme like Apple Pay -- the token alone isn't good enough. Still, an Apple Pay in-app purchase only gets card-not-present rates.
If all they stole was the token, then you don't even have to do that, because it's worthless without the other secret payment codes that stay on the phone.
Now, if they stole the actual CC number from a merchant that you used the physical card at, you're out of luck. You still have to wait for a replacement card.
Chip cards give some of it, but yes, currently available wallet cards cannot give it all.
On the other hand, a phone wallet card cannot have anywhere near the same cachet as handing over an premium or exclusive card in person to a waiter or hotel desk or store, if that kind of thing floats your boat
Glad to hear this as I live only 15 miles from the Canadian border and go up there a lot. I bank with TD America which supports Apple Pay so I'm sure TD in it's native land will be in the first wave of support.
Since NFC appears to be ubiquitous in Canada I bet I will be able to use it more up there than in the rural US area where I live.
As long as SAQ (wine store chain) accepts it I'll be happy!
Since NFC appears to be ubiquitous in Canada I bet I will be able to use it more up there than in the rural US area where I live.
As long as SAQ (wine store chain) accepts it I'll be happy!
Yes, as long as you have the magic combination of Bank, Phone and Cell Provider... which I do not.
Today, I closed the account for my safety deposit box at TD and when they asked me why I'd been closing all my TD accounts, I went on a small rant about how TD is terrible with mobile and new technologies and that they're going to lose the newest generation of customers who don't care about bank branches with longer hours.
I suggested that given their track record, TD would probably be the last of the major Canadian banks to get ApplePay. The manager over heard me and interjected as if to prevent me from closing my account that "You won't have to wait long".
So far that's Scotiabank and TD who seem to be implying that ApplePay is coming to Canada very soon.
I suggested that given their track record, TD would probably be the last of the major Canadian banks to get ApplePay. The manager over heard me and interjected as if to prevent me from closing my account that "You won't have to wait long".
So far that's Scotiabank and TD who seem to be implying that ApplePay is coming to Canada very soon.
That's true, we pay through the nose for interact. So, I'm pretty sure that they wouldn't mind making us pay 0.6 cents more for Apple pay... Its just drowned in the sea of other account fees...
I don't....the cashier said she had to punch in a code...not sure, and I was surprised it worked.
Looking forward to using this at more places...so easy.
I thnk when it is released in Canada, there will definitely be less of a hassle.
People will be pissed off if it ends up like in the US where certain retailers switch off NFC. I've never seen an NFC terminal that didn't work in Canada.
People will be pissed off if it ends up like in the US where certain retailers switch off NFC. I've never seen an NFC terminal that didn't work in Canada.
johnnyturbouk
macrumors 68000
can't wait for the UK to adapt this, maybe after 8 years (barring bladder emergencies on the high street) i will finally visit a mcdonalds again
You are right.
That is why I am so pleased that one of the evil MCX retailers is leaving Canada after screwing up (for different reasons) - Target. They are losing billions to shut their doors.
When these retailers get too large they start making stupid decisions to protect their market share. Instead it hurts them.
BTW
Targets biggest mistake in Canada was thinking they were the 51st state.
Well I can't wait for its arrival. I heard some terminals in bigger Canadian cities support NFC payments with credit cards so hopefully I'll get to hear more about it.
Read something yesterday on Mobile Syrup that RBC is unsure when Apple Pay is coming to Canada. Hope they're just being sneaky, though when I messaged RBC and asked about Apple Pay plans, their response was that this person hadn't even heard of it and needed to Google it. Not a good sign..
Can any care to explain how this is possible? Just curious?
I live in Canada and have a Canadian iPhone. I have a US RBC Debit Visa card that I got through the Canadian branch. They recently joined the list of banks for Apple Pay. I can use Apple Pay at any NFC terminal in Canada. I love it. Can't wait to use it on the Apple Watch.