http://www.dailytech.com/Apples+Lag...+NFC+Mistaken+For+Innovation/article36518.htm
Read this it explains it
Read this it explains it
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Apple, Paypal Talks Over Apple Pay Soured Due to Samsung Deal
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Ebay has a market cap of $65B. I have seen estimates on CNBC and Bloomberg that 75% of Ebay's market cap is from Paypal. When they spin off Paypal in 2015, that IPO could be about $50B. If Apple had gone private in mid-2013 as I suggested, it would be able to also acquire Paypal in an all stock transaction and disclose very little of its plans. If Paypal goes public before it is acquired, the cost and hassle will increase substantially.
Whatever happens with Paypal, if its fees are reduced because of the obvious fact it is difficult to resolve disputes and it charges high fees, its value will reduce.
Rocketman
Whatever happens with Paypal, if its fees are reduced because of the obvious fact it is difficult to resolve disputes and it charges high fees, its value will reduce.
Rocketman
Precisely! The reason to use NFC is because NFC is the STANDARD. Apple has made itself compatible to NFC payments (that have existed for years) and have embraced tokenization, something that the credit card companies wanted all along. Apple isn't doing anything different here. Most outlets that upgrade to NFC stations due to their partnership with apple will most likely also support google wallet.
Apple is going to come ahead (imho) because the way it has implemented it and its ability to leverage its customer base and negotiate deals with retailers and banks at a level that google has not been able to do with google wallet. Simply put, many retailers will line up and bring NFC POS devices into their stores because apple has adopted tokenization and NFC payments. So far apple has been behind android and others in bringing out newer technology and relied on its superior implantation and widespread adoption due to having a unified product in the iPhone. Apple needs to shorten this time to market as others are not likely going to remain stagnant and improve the way they implement things.
Seamless as in currently only offered in one country and by one mobile phone platform?
I wonder how many of the PayPal bashers in this thread would be singing their praises if the had signed an agreement that Apple originally wanted to make?
The same people saying how evil PayPal is would be singing their praises.
So, so predictable....
The same people saying how evil PayPal is would be singing their praises.
So, so predictable....
I hope you read the article rather than just the headline. It shows that Apple had applied for the patent in 2009. They were only granted it in 2013. So basically Google copied Apple's patent application. This is probably why we are just now seeing Apple Pay because the patent office was slow to give Apple its patent.
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While you're probabling drooling all over your own funny predictions, I'd take a look at the general reactions to the idea of Apple teaming up with PayPal.
https://www.macrumors.com/2014/01/30/paypal-apple-mobile-payments/
I can't really see too many people "singing their praises"...
Anyone can talk to Visa etc. to do payments via NFC. But Visa, AmEx etc. will look very carefully at the implementation. They will want to know exactly how safe it is, and their charges will depend on the safety.
For example, if I make a payment by waving my Barclays Visa debit card at an NFC terminal, the terminal knows (indirectly) that it's my card, but it doesn't know that it's me and not a thief who just stole my wallet. So it's not very safe, so the charges are higher. With Apple Pay, the terminal knows (indirectly) that it's my phone with my fingerprint, so they are quite sure it's me. So the charges are lower.
If Samsung for example wants to replicate Apple Pay, they need to convince Visa that their system is just as safe. That will require specific hardware in the phone that is not hackable.
Er no, try looking at any thread about paypal and you will see plenty of well deserved hatred. They are one of the worst companies in the world and I don't say things like that lightly.
Pray you never have a problem with them you want sorted.
The end is nigh, Pal.
PayPal, Samsung, Nokia, Blackberry, Microsoft. All got one thing in common - apart from being comfortable in their coffins - their fatal underestimation of Apple.
Good bye PayPal, I hope eBay is next, followed by Samsung. Three of the most odious, fat-ar5ed, arrogant corporate companies on the planet. Oh, and Starbucks, they can take a long walk over a short cliff too, seeing as they pay no tax - and as they are also underestimating their competition in the UK. Good Bye!
PayPal, Samsung, Nokia, Blackberry, Microsoft. All got one thing in common - apart from being comfortable in their coffins - their fatal underestimation of Apple.
Good bye PayPal, I hope eBay is next, followed by Samsung. Three of the most odious, fat-ar5ed, arrogant corporate companies on the planet. Oh, and Starbucks, they can take a long walk over a short cliff too, seeing as they pay no tax - and as they are also underestimating their competition in the UK. Good Bye!
As someone who met John Donahue about this time last year at the University of Texas I can inform you all that he is indeed one big giant conceded ass hole. You should listen to him give a speech about his "reverse pyramid" system he claims to use with his employees to make them "feel" more important. The dude needs to be fired by his board of directors, he's absolutely horrible. Don't take my word for it, go watch YouTube videos made about him as well...
It think it's the other way around.
Apple under estimates other phone manufacturers.
Apple believes they have a foothold on the NFC implementation but as long as the others can provide the same secure method, then it's Apple who will loose out.
It's sort of sad for Apple. They became the reining champion of quality products and features only to become this arrogant company who believes they can do no wrong and any body who thinks different can hit the door.
I think the bottom line has taken over the corporation.
Also, you know most payment stations accept Paypal now?
Yes, I don't even need my wallet or phone, TODAY!
I can enter my Paypal info, pay and walk out the door!
Now that's convenience!
While you're probabling drooling all over your own funny predictions, I'd take a look at the general reactions to the idea of Apple teaming up with PayPal.
https://www.macrumors.com/2014/01/30/paypal-apple-mobile-payments/
I can't really see too many people "singing their praises"...
Wow! You are right, I stand corrected....
lol...
I don't think Apple was happy with that Samsung deal.. so the company sulks.
Besides, Paypal wants a cut, wouldn't Apple have known that ??
Give Samsung all the worries. At least they know there is another company willing to not make any progress.
Touch ID sucks any on Android, so it makes sense when Paypal wants a cut for payments. Samsung Note owners wouldn't know any better afterwards.
I don't think Apple was happy with that Samsung deal.. so the company sulks.
Besides, Paypal wants a cut, wouldn't Apple have known that ??
Give Samsung all the worries. At least they know there is another company willing to not make any progress.
Touch ID sucks any on Android, so it makes sense when Paypal wants a cut for payments. Samsung Note owners wouldn't know any better afterwards.
I have a paypal business debit card that is a mastercard. I wonder if apple pay will take it?! lol. I used paypal for over 10 years and not a single issue. The only time I use my own bank card is to withdraw cash. Other than that I rather use my paypal debit card because I get 1% cash back with all my purchases.
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So much BS. You dont seem to know what paypal is. Im shocked your job trust you to make purchases for them.
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So much BS. You dont seem to know what paypal is. Im shocked your job trust you to make purchases for them.
Funny how you read that article and saw that apple had a patent in 2009 but seemed to have missed the part right below it where it tells you how its been used in Japan since 2007... I like apple as much as the next guy but I don't just blindly repeat everything that is spoon fed to me... Nothing new here, just nfc that they are trying to make proprietary.
Just because Apple filled for a patent in 2009 doesn't exclude others from working on something similar or having filled patents either on or before 2009 for their own product.
He's not wrong. As has been proven by many studies, iPhone owners spend while Android owners do not.
Re: PayPal. I use it all the time to buy stuff off eBay.
We also use it fairly often to send money to our kids scattered around the country, for holidays, birthdays, special class purchases, and so forth. With no fees required, it's a very handy way to transfer funds.
I had hoped that Cook would rise above Jobs' petulant legacy of vengeance.
As far as we know, the charges to the merchant are the same. The only difference is that with Apple Pay, the card issuer gives a cut to Apple.
Of course, they might decide to pass on that extra cost to merchants. If they did, then accepting Apple Pay would cost merchants MORE than other methods.
We also use it fairly often to send money to our kids scattered around the country, for holidays, birthdays, special class purchases, and so forth. With no fees required, it's a very handy way to transfer funds.
I had hoped that Cook would rise above Jobs' petulant legacy of vengeance.
As far as we know, the charges to the merchant are the same. The only difference is that with Apple Pay, the card issuer gives a cut to Apple.
Of course, they might decide to pass on that extra cost to merchants. If they did, then accepting Apple Pay would cost merchants MORE than other methods.
It's a good move for Apple anyway. Ebay & Paypal are thieves with money. They have no accountability and are technically not a banking institution at all so they are not governed by any banking laws. Just google Paypal sucks or Paypal problems and you'll see a laundry list of horror stories.
I once had a roommate who ran an Ebay business and I purchased quite a few things for him on my Ebay account for which I was paid in return. When his Ebay biz went under through no fault of mine, Ebay not only took as much money as they could from him, but then they tried to pass his debt on to me because of the frequent transactions between the two accounts. No REAL banking institution would be able to seize money from a completely different banking customer. Paypal only got less than $20 from me, but it's the legal point of the matter. No REAL BANK could possibly do such a thing without getting a court order for illegal activity, which in this case, there wasn't. They even threatened me with legal action claiming I owed Paypal over $5000, which I didn't. In the end, they took no such action because no court would ever back them up but that didn't stop them from making the threats and forcing me to cancel my Paypal account.
Apple is much better off not associating itself with Paypal's notorious reputation.
I once had a roommate who ran an Ebay business and I purchased quite a few things for him on my Ebay account for which I was paid in return. When his Ebay biz went under through no fault of mine, Ebay not only took as much money as they could from him, but then they tried to pass his debt on to me because of the frequent transactions between the two accounts. No REAL banking institution would be able to seize money from a completely different banking customer. Paypal only got less than $20 from me, but it's the legal point of the matter. No REAL BANK could possibly do such a thing without getting a court order for illegal activity, which in this case, there wasn't. They even threatened me with legal action claiming I owed Paypal over $5000, which I didn't. In the end, they took no such action because no court would ever back them up but that didn't stop them from making the threats and forcing me to cancel my Paypal account.
Apple is much better off not associating itself with Paypal's notorious reputation.
After asking at my local stores whether anyone actually uses Paypal to pay using the pay stations, the overwhelming answer seems to be "no."
As a note, to use the paypal feature at the register you need to set up something on your account. I tried it once and got everything set up, but it was kind of awkward. Maybe their PwP app makes it easier.