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Then what are we worried about. Why use a pin code at all. Who cares thieves can take all your money. It’s all reimbursed.

Until it’s not… a bank can refuse to pay you back if they suspect you have been negligent, there might be excess costs, they might be difficult at first so it becomes a thing... and in the end we all pay higher bank costs.

I prefer Apple Pay over bank cards any day. if a guy sits next to me on the train and reads out my wallet, I don’t want to give him the satisfaction of giving him free money.
I get what you're saying, but it seriously is not an issue. Customers laws and regulators are strict on this (in Western-Europe).

Additionally, the risk of sitting in a train and some stranger next to you reading your card... it's extremely unlikely that that will happen. First of all, you'd likely notice. Secondly, thieves need the right equipment. Thirdly, the chance of the thieves getting caught is extremely high since every transaction is traceable. Any thief using this method to earn some money is a fool, because they nearly always get caught in the end.

I get where your fear is coming from, but in this case it's unnecessary.

Finally, a last comment on the costs 'that we all end up paying in the end'. I'm willing to bet that Apple Pay costs the banking customer way more in (indirect) costs than people being scammed out of €50.

Those reimbursement costs for banks are very low. How low?

- Most recent data has shown that there have been zero successful scamming attempts ('sitting next to someone and than losing some money')
- In regards to fraud (stolen or lost banking cards being used for these contactless payments): fraud has in fact gone down and in the remaining cases the amount of damage done turns out to be lower

So contrary to what you might fear, compared to payments done with pin code, actual real world numbers show that fraud goes down, the number of people being scammed goes down, banking costs go down and ease of usability goes up.
 
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apple pay is here? yay, now I don't need to skate to work anymore and leave my clogs at home.
 
That’s great news. I’m customer of that bank. I opened a second bank account and I’ve to transfer funds continuously to my Apple Pay supported bank. I’m happy once that’s no longer needed 🙂
Why didn’t you vote with your wallet to move as much of your business as possible to the bank that actually cared about what you wanted?
 
I should note, as for here in Switzerland, the NFC terminal system is pretty extensive (the banks here, in a fit of collusion keep pushing their Twint system and generally keep blocking debit and normal credit cards from Apple Pay, although that has improved somewhat in the past 2 years).

i don’t know about domesticity issued cards, but with a US issued AMEX card I’ve been able to buy items with ApplePay IIRC in excess of 200CHF with no problem.
 
Ok good to know. Was it an online payment or a physical in-store terminal ?

I'll try next time I have to pay at the AHXL in Eindhoven and see if they don't sport the limitation on Apple Pay like they would on contactless payments without authentication.
I made a €600 ApplePay payment the other day using a typical merchant terminal (the kind with the contact pad on the left side, like the AH ones).

Since the start of the pandemic it's literally the only way I've paid for anything in person.
 
And 2 months later they still havent implemented it… ? seems they think we haven’t waited long enough. Super happy a sustainable bank will support it but why is taking so extremely long?! Other banks that announce it usually have it up and running within 6 weeks… this is crazy
 
Why didn’t you vote with your wallet to move as much of your business as possible to the bank that actually cared about what you wanted?
I was and still am in the same situation, but taking my business to another bank would have meant doing business with a less sustainable bank, that finances unsustainable energy sources, the production of weapons, and more forms of business I do not want to support. Hence me being a customer of the ASN bank. Unfortunately that also means waiting longer for Apple Pay... So I had a secondary account someplace else just to be able to use Apple Pay. I'm happy that soon I can close that account.
 
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