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Apple Pay Roundup: Everything We Know, Coming in October

technima said:
Yes, and this stems from the fact that in the US contactless cards are both authenticated and authorized online. In Canada, most contactless transactions are authenticated and authorized offline because it's faster and because it's only used for small purchases.
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So in Canada you get the infamous "it won't reflect your account for 3 - 5 days"- now THAT to me feels ancient.
 
JarScott said:
I think it's important for us to move away from cash payments now. As Apple did say, cash is such an ancient form of currency and the market in most countries is filled with fake tender and lost coins. Digitising payment completely not only makes it faster but it also makes it more secure and that's always a good thing.
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I know, but it's still hard for me to completely get rid of the green stuff.

I'm still a little "green" on how good all the digital security is! To many breaches lately!:cool:

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dontwalkhand said:
I'll gladly take cash, and I'll gladly pay others with my card. I do most of the time have cash on me, but use my card to pay. I do see the look on mom and pop store cashiers when they see the cash in my money clip, and I pull out my card to pay them.

(Hello rewards points ;-))
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Amen!!!:cool:
 
gnasher729 said:
Any NFC payment terminal will take Apple Pay.

Normally, the terminal identifies your debit card or credit card.

With Apple Pay, your iPhone creates a virtual credit card. The NFC terminal doesn't realise it's not a real card. It send the data about the credit card for example to Visa, Visa has worked with Apple and figures out that this is an Apple Pay virtual credit card and accepts it, so the NFC terminal accepts your card.

The NFC terminal has no idea what was going on. It only knows that it was given details of a card (it doesn't know it was a virtual card) and that Visa accepted the card.

The nice thing is that this virtual credit card will be used only _once_ for that one payment. So if you have a company losing 56 million credit card numbers to hackers, the hackers don't have your card number. They have a virtual card number that was accepted for that one payment, and won't be accepted for any other payment ever again.



With Apple Pay, _nobody_ will ever see your credit card number. That includes Apple. Your credit card number cannot be stolen because nobody ever has it. That's different with Google Wallet. And Apple Pay requires a secure chip in the iPhone that does all the work, and that chip is not hackable.
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How did I not know that already? That is cool.

gnasher729 said:
That would actually be impossible. Apple Pay needs a chip that is only present in the iPhone 6. Apple Pay doesn't even work on an iPhone 5s. In theory, Apple could build these chips and sell them to other companies but there is little chance that this would happen.

Other phone companies can build similar chips, make an agreement with Visa etc. who will check these chips very, very carefully, and build their own payment system. For the merchants it doesn't make any difference.
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I know what you mean, but it's not impossible. If Apple wanted they could work to get Apple hardware/software in Android devices. We just don't see that happening.
 
Emv

A couple of points

Retailers are not required to upgrade to EMV. I'm sure a lot of retailers will meet EMV specs, but the Liability shift is a a paper tiger.

Apple Pay is not the same as NFC. Even Apple stated that retailer EPOS systems must be updated to support Apple Pay. This has somewhat to do with Apples implementation of NFC.

I may be mistaken, but I believe MCX Membership rules require exclusivities. And MCX has a large number of member companies, not just Wal-Mart and Best Buy. (www.mcx.com)

I'm not sure if MCX will gain traction, but I believe it has a better chance than ApplePay.
 
V.K. said:
I am hoping that NFC terminals can be configured to realize that you are paying with a phone and not with a card. if not the already deployed terminals then at least some new ones. One of the most annoying limitations of NFC credit cards are transaction caps (usually 50$ in Canada). they make sense for cards because there is absolutely no authentication involved. but this should not be needed with an iphone using touch id for authentication.
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I suspect the limitation is not in the terminal, but either in the card or at the credit card company. If you try to pay $1,000 the NFC terminal will ask the card for $1,000. It may be up to the card or Apple Pay to say "too much". And when the card sends the payment to the terminal, the terminal sends it to Visa for verification, and it might be Visa who says "too much". (I might be wrong, but I suspect Apple Pay will have higher limits).
 
Desmondhuz said:
Tried you use my Walgreens passbook card and the cashier said the scanning system was down. But I looked down and saw a brand new nfc device scanner and remember that Walgreens was listed by Apple as an initial client. I told her about Apple Pay, which she had no clue about, and how it would start next month. She asked if I worked for Walgreens and I told her "I'm just in the know...about such things."
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Yeah, I use my Google Wallet on those all the time. They have gotten used to me paying that any now.
 
technima said:
You don't have to swap anything out. Once Apple Pay rolls out you will be able to use multiple cards with Apple Pay.
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Thanks, I kind of figured there would be another way to add a card than thru an iTunes account. Looking forward to this!!
 
ececlv said:
A couple of points

Retailers are not required to upgrade to EMV. I'm sure a lot of retailers will meet EMV specs, but the Liability shift is a a paper tiger.

Apple Pay is not the same as NFC. Even Apple stated that retailer EPOS systems must be updated to support Apple Pay. This has somewhat to do with Apples implementation of NFC.

I may be mistaken, but I believe MCX Membership rules require exclusivities. And MCX has a large number of member companies, not just Wal-Mart and Best Buy. (www.mcx.com)

I'm not sure if MCX will gain traction, but I believe it has a better chance than ApplePay.
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NFC already has its presence in many stores, while we haven't even seen how MCX worked. Also, MCX will not allow the use of your own credit or debit cards, rather, it pulls money out of your checking account, hardly what I call secure.

As for EMV, Walmart already turned their readers on, and I use my Chip cards there daily. Same with Home Depot., the number will only grow.
 
SirLance99 said:
Not set up for both. Set up for anyone that uses NFC. Doesn’t matter what company.
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That seems to be a common misconception. Its simply nfc...nfc is nfc...only major difference will be which phone you use iPhone or android or windows. Its been around for awhile and will work as it has worked except now you can also pay with an iPhone.
 
technima said:
That's not true. The usual $50 cap in Canada for contactless payments is imposed by the card itself, not the terminal. Once Apple Pay rolls out in Canada, contactless terminals won't need to be "configured" for anything.
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really? for some reason I thought it was the other way around. well, so much the better then!
 
Yes?

dontwalkhand said:
You probably will because the 5S has TouchID. The watch Apple Pay feature is for people with older phones to be able to still use Apple Pay because the watch has NFC.

(Notice how even the older phones still got the credit card icon on Passbook)

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Because it does more than help you spend money. It is also a smart watch.
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Apple's use of NFC in the 6's and Watch will allow the CC number to be randomized to a one-time number that is transmitted. The actual CC number is not transmitted. I am assuming they need the NFC hardware which stores the randomized number locally before ditching it when you use it again. Everytime Apple Pay is used, a unique number is generated and then transmitted then disposed of.
 
I'm going to sit this one out and let you guinea pigs be the first to experience #applepaygate that's inevitably going to happen.
 
jayducharme said:
If you're re-upping your contract, the phone is just $199.
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If you're re-upping your contract, you're just using a permanent loan to buy the phone and it certainly doesn't cost $199...

I much prefer to pay full price for my phone and having a contract at less than 20€ with the freedom of being able to change operator every month if I want to....

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Maybe I'm missing something, but I don't see much the point of Apple Pay. Well, I certainly see it for Apple: lots of money. But for the end-user, what's the point of putting out a bulky and expensive phone just to do something that any NFC enabled credit card can do? Apple Pay seems very geeky...

Likewise, I have three NFC enabled stuff right now (credit card, subway card, bike card). I have just all of them stuffed in my wallet and I slam the wallet on the terminal I need to use (or even the whole bag with the wallet inside, works fine in the subway). This is way faster than removing the iPhone 6+ from my pant pocket (ah!), fumbling with touchID, touching it delicately to the terminal while of queue of angry people piles behind me...
 
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waveboreale said:
talking about Germany ? I don't get why Germans are so attached to money !

In France, except for food market and bakery, I always use my debit/credit cards.
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credit card means "you buy stuff u cant actually afford" to us and also the german word for debt is the same word as guilt so we hesitate more to use one i guess.

my mother for example used to hide her credit card in the basement, inside some boxes and kept between blankets LOL its like the "last resort" when no other options are available. i only use mine on vacation but also hide it as good as i can
 
Canada may sooner than we expected...

Corrode said:
Hopefully all the kinks will be worked out and it'll be available in Canada by the time the 6S is released.
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lightz39 said:
As usual sitting here in Canada waiting for it to show up 12 years later.
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Well, I am now mildly excited.

I just now got off the phone with my bank (TD Canada Trust)'s Visa department, asking "When are we getting Apple Pay?"

The rep wasn't up to speed about Apple Pay, so I told him what it was and how it will work, and he asked to put me on hold and went to interrogate a Supervisor.

When he came back, he said he was told "You'll need an iPhone 6 or iPhone 6 Plus," and that I should wait until October, then log into my online banking, and download the app.

"You're talking about Apple Pay, right?" I asked.

"Yes, 'Apple Pay' that's right," the rep said.

Yes, fellow Canadians, he said to check online in October.

Giddy,
Dave
 
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dontwalkhand said:
So in Canada you get the infamous "it won't reflect your account for 3 - 5 days"- now THAT to me feels ancient.
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No, that's not the same. It reflects on your account usually within an hour. It's just not updated instantly like other transactions.
 
jclo said:
Apple Pay will work at any NFC enabled payment terminal.
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If Im an American. And I have my VISA paired with ApplePay. I visit aeurope. Will I be able to use it in Europe? Even though their citizens don't get it.
 
ececlv said:
Apple Pay is not the same as NFC. Even Apple stated that retailer EPOS systems must be updated to support Apple Pay. This has somewhat to do with Apples implementation of NFC.
Click to expand...

Not true at all. Apple Pay conforms to the basic contactless EMV standards and will work with any contactless terminal. Again, none of the security measures in Apple Pay require anything extra on the part of the Merchant, the Card Processor, the Card Sub-Processor, or Acquiring Bank. Apple Pay is totally opaque to these systems; they can't tell if they're processing a normal contactless card transaction or an Apple Pay transaction. All of the security features of Apple Pay are handled by three entities, Apple, the Payment Network, and the Issuing Bank.

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Menel said:
If Im an American. And I have my VISA paired with ApplePay. I visit aeurope. Will I be able to use it in Europe? Even though their citizens don't get it.
Click to expand...

Yes, but only if your bank allows you to use Apple Pay with your card outside of the US. It's not up to Apple, it's up to your bank. Though I see absolutely no reason why a bank wouldn't allow this. It requires nothing extra from the bank to allow foreign transactions on your card.
 
Lictor said:
Maybe I'm missing something, but I don't see much the point of Apple Pay. Well, I certainly see it for Apple: lots of money. But for the end-user, what's the point of putting out a bulky and expensive phone just to do something that any NFC enabled credit card can do? Apple Pay seems very geeky...

Likewise, I have three NFC enabled stuff right now (credit card, subway card, bike card). I have just all of them stuffed in my wallet and I slam the wallet on the terminal I need to use (or even the whole bag with the wallet inside, works fine in the subway). This is way faster than removing the iPhone 6+ from my pant pocket (ah!), fumbling with touchID, touching it delicately to the terminal while of queue of angry people piles behind me...
Click to expand...

Security. Simple as that. The information is presented in the roundup, if it's not obvious why it's more secure there's no point in me trying to explain it.
 
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