Apple Takes Possession of Mobeewave Domain Name, One Year After Acquiring Startup That Lets Smartphones Accept Payments Using NFC

[Robert.Walter]

Apple - when you can't innovate, steal or buy out your competition.

This is a very ignorant take.

I’m not even going to waste time listing all the reasons this buyout is not a bad thing (except for the profit margins of the card processors.)

 

[Robert.Walter]

You're speaking nonsense.

The real issue is that Apple would be using APIs in a way that literally no other card processor can, this gives Apple a competitive advantage over other card processors, especially as contactless payment cards proliferate.

Apple would be able to accept basically any credit card right from the phone without any additional hardware, competitors would have to make use of external hardware to provide that same functionality.

If I was looking for a card processor I would definitely go with the one that doesn't require me to buy additional hardware.

the card processors will be reduced to apps on the iPhone. And intensified competition in that space because they won’t have an own hardware differentiator anymore.

 

[Robert.Walter]

Is it just me, or does this make no sense? The “tap” is the credit card companies’ trademark for using secure transactions from Apple Pay, google pay, Samsung pay, etc where you have a secure unlocked phone or watch, as opposed to a credit card that any schmuck could pick up off the floor, or your pocket, and just “tap” to pay. Oh yah, so secure

You might want to check your history. In my mind, the Tap To Pay tagline began before NFC phones and was just a branding exercise to introduce RF equipped cards that communicated with NFC terminals.

 

[MauiPa]

You're speaking nonsense.

The real issue is that Apple would be using APIs in a way that literally no other card processor can, this gives Apple a competitive advantage over other card processors, especially as contactless payment cards proliferate.

Apple would be able to accept basically any credit card right from the phone without any additional hardware, competitors would have to make use of external hardware to provide that same functionality.

If I was looking for a card processor I would definitely go with the one that doesn't require me to buy additional hardware.

Who is speaking nonsense? The issue is still a so what? There is no shortage of ways to pay, whether Apple allows it on phones or not. I bet if you thought really hard you could even name 10 separate payment systems that are not Apple. Are they all monopolists then, oh wait, there are so many, they can’t be. So what? QED

 

[nims]

I doubt it because Apple takes nothing from Square to begin with.

If Apple comes out with a credit card processor that has a lower fee than Square they're doing nothing wrong.

Spotify has an issue with Apple because they're at a competitive disadvantage to Apple's own product due to the 30% fee and being unable to steer users to an alternate payment method.

Apple takes nothing from Tile but what is Tile currently doing? Wailing and crying. Mark my words because a time will come when Apple will Launch vendor payment processing and Square will be crying