So, Apple simply has to negotiate the financial terms with major European banks. Once they implement the necessary backend changes, all NFC terminals will work withpay.
Simply? LOL
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Restricting Use of NFC Antenna in iPhone 6 and 6 Plus to Apple Pay
- Thread starter MacRumors
- Start date
- Sort by reaction score
Simply? LOL
hmmm...now I star to think having Apple Pay as my backup payment method can be useful at some point. Although I have never left my wallet in the car, if it's not in my pocket, it would be at home, which is way worse.
God knows how long it will take for Apple to get the service going in Australia. I probably won't need to worry about it till next year.
As far as I know iWatch ApplePay doesn't need the touchID bit so may be fast enough.
correct. If you use apple pay via the watch it uses the senors on the bottom touching your skin.
Maybe it's a matter of starting out in the most difficult environment for payment innovations, the US. Europe is 'way ahead of us here in the US in payment technology and if they can make it work here, they can make it work anywhere.
How is it anyway more secure? It works identical to how it does on my BlackBerry. And I imagine it works exactly the same on Android too. And to top it off, all of the storage on my BlackBerry is encrypted. If someone stole my phone they would have to work out my device password then my BlackBerry account password, all before I got round to disabling the device remotely.
I think my security is just fine.
My understanding is that the transaction is between the accountholder (me) and the vendor (e.g., Macy's), using the credit card account (Visa). Apple's part is only creating the token that allows the transaction to occur without sending my actual credit card information to the vendor.
Since Apple can guarantee that any NFC communication from the iPhone comes via Apple code and that their code requires authentication from the accountholder, they can negotiate a lower fee for the transaction, and take a portion of the savings as their cut.
Why? Do you really enough the security theater of pretending that your phone is secure, and "unlocking" it with the easiest-to-defeat security method available? Watching someone enter their PIN then trying to duplicate it corectly without wiping the phone is challenging. Watching someone do one of these gestures, then taking their phone and duplicating it is easy.
Can be done but the process is much simpler and faster with NFC. SO maddening to final have the tech in iOS and then have it disabled.
So, Apple simply has to negotiate the financial terms with major European banks. Once they implement the necessary backend changes, all NFC terminals will work with
Heh.
"Hey european banks! We're Apple and even though you were all one step ahead of the US implementing an NFC payment system and the rest of the smartphone industry adopted how you made it it just okay, we'd like you to change all that to our system. And pay us a cut for it."
I wish Apple the best of luck I really do, but I get the feeling pigs may fly first.
Agree that a GoPro and 6D can be paired using wifi, the point I was trying to make was rather than fiddling around through a multi-step process, NFC can be used to establish all the wifi connections without any user input...literally tap the phone to camera and its connected via wifi. It's a very handy feature
Because changes must be made at the backend: the issuing bank. You might be able to use a US-issued VISA card in
pay in Europe, if the transaction processor actually uses the US bank's backend system to authorize the transaction.VISA and Mastercard are just a brand. The actual financial account management is provided by individual banks. The banks have to implement changes in their systems to provide authorization for
pay.Unlike any other method,
pay doesn't send your credit card number, encrypted or otherwise. It sends a device account number and a transaction security code, apparently "overloaded" into existing fields that the transaction processing system already has. Once it gets to the bank, the bank maps the device account number into your actual financial account number and validates the security code. The security code is a one-time or very short duration code, for a specific transaction. So, it can't be reused again. We have had a couple of high-profile hacks in the US where a merchant systems were compromised and unencrypted card info was snagged from memory during the brief period it existed. There was also a case in the UK where merchant credit card terminals had been modified either at the (Chinese) manufacturer or immediately thereafter, inserting a chip that would capture credit card info and periodically send it to a server in Pakistan. When it was finally discovered, they were able to screen devices by simply weighing them: the compromised ones weighed a few grams more.
This is why Apple was able to get a small percentage of the bank's transaction fee:
pay eliminates a large potential source of fraud.Oh yeah and card payment processor will be so happy to share his cut with Apple...
for what? more transactions? more trendy...?Oh yeah and card payment processor will be so happy to share his cut with Apple...
I'm not disputing that. It's just not true that Apple has to talk to individual banks that issue credit cards to end customers.
You bank does not care once your card is issued.
The payment processor cares...
That's all I was saying.
I really do hope this is the future of payment. But, obviously Apple can't get the whole world and all its devices to use Apple Pay meaning that Google and other brands are gonna have to come up with their own 'Pay' system. Even then, would those other systems be as secure as Apple Pay? God forbid Samsung half arsed something like that and creates something really unstable and insecure - I would never trust Samsung with my payment details!
That all being said, I'm hoping people on other OSes will see us iPhone uses using our phone to pay and they'll want to jump ship!
----------
Me too. But I think I heard it was something to do with agreements with Visa and other card companies. The bank has to give Apple a cut of each transaction made via Apple Pay and a few aren't too happy about that. I'm really hoping it doesn't take too long to get to us here in the UK because I can't wait to try it out!
What are you talking about. There has been Google Wallet way before Apple Pay came out. Same with Soft Card and other systems.
I'm buying the new iPhone 6+ but when I see others using Apple Pay I won't think this is the reason I wanted it. I'll think, it's about time Apple caught up with everyone else.
What's funny about all the people saying "Apple Pay won't work because not every place will support it, so we still have to carry our cards" is that we already do the same thing. Certain stores and places do not accept certain credit cards, so we carry other cards, or cash as well. Apple Pay won't be a 100% used system for a long time, if ever, but it's about convenience and simplicity right now for the places that will support it.
Yes but the thing is that as far as I know banks individually negotiate fees with card processor so card processor would't be able to fix a one fee to give away to apple. Thus system would be far to complicated - they have to talk with banks
