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Apple's Jennifer Bailey Says Customers Are Willing to Switch Banks to Use Apple Pay
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I have the best of both worlds. I kept my old bank and credit cards (they have no plans to adopt Apple pay. I asked them directly) and opened a second set of accounts with BofA (which does support Apple pay)
That was over a year ago. Practically all of my daily cash flows through BofA now. It's just easier.
Apple pay aside, it made me realize just how behind-the-times my old bank was. I'll probably drop them in time. That said, I do like having a 2nd bank in the picture, but there are better alternatives out there now. Looking.
A number of other people on this thread, myself included, have also related that they have switched. Is a statement arrogant if it is true?
Not enough merchant for the needed additional reader. That's why Samsung Pay is a much better option, it supports virtually every card reader anywhere on the planet.
Apple should have gone with a similar tech instead of a stupid proprietary solution that involves an extra reader.
Apple should have gone with a similar tech instead of a stupid proprietary solution that involves an extra reader.
How did I not think of this? Seems like common sense. Thanks for the tip, definitely going to do this going forward.
It doesn't make that statement not true, it just make the statement "Customers won't change" also true. It the similar to cars have power windows, just because some don't, doesn't mean the statement is not true.It's also still not true. She said customers. I'm a customer.I wouldn't change.
NFC isn't a "proprietary solution", nor is an "extra reader" required. Apple Pay works on any NFC-enabled terminal. There are very few old-style terminals over here in NZ that only accept swipe or chip-insert cards, and they are gradually being replaced by contactless ones.
For me, the whole point of Apple Pay (apart from the increased security) is that I don't have to get my phone or wallet out at all, and for small purchases I don't need to type in a PIN (which is always required with a swipe). If you have to get your phone out you may as well use a card I guess.
I think a lot of people in the USA think of NFC as fancy, as it's less common. When we moved to Canada (nearly a decade ago), there was already a lot of tap and chip stuff... so most people here just use tap debit/credit cards. So, the phone/watch thing just isn't as much of a practical advantage. The security point, though, I get.
My bank keeps hounding me to sign up, so I suppose one of these days I should think about it.
It just seems like more work than using the card.The bank I'm with started offering contactless phone payments based on the NFC HCE standard, which, given I use an Android phone, suited me just fine.
Apple Pay isn't mutually exclusive with other contactless payment systems, but many merchants and banks seem to loathe looking into more than one system at a time, and Apple seems disinterested in supporting HCE in any way. Apple Pay is not the only contactless payment system out there, however, so you can hardly blame banks for trying to get Apple devices to work with an existing system. (A lost cause, alas.)
All that said, many people just put their contactless credit/debit cards in a phone case et volia, contactless "phone" payments!
(Yes it's not as secure, but how many people know/care about that?)
Apple Pay isn't mutually exclusive with other contactless payment systems, but many merchants and banks seem to loathe looking into more than one system at a time, and Apple seems disinterested in supporting HCE in any way. Apple Pay is not the only contactless payment system out there, however, so you can hardly blame banks for trying to get Apple devices to work with an existing system. (A lost cause, alas.)
All that said, many people just put their contactless credit/debit cards in a phone case et volia, contactless "phone" payments!
(Yes it's not as secure, but how many people know/care about that?)
I think the idea is that Apple Pay is superior in terms of privacy and security, right? Not everyone cares, but what I mean is that Apple did it for a reason, not just to be incompatible with that method.
Yea, I think Speck has a nice case for that (which I'd have had, if Amazon hadn't sent the one for the 5c instead of the SE)
But, unless I get ApplePay setup with enough debit, CC, and loyalty cards (if it's possible), I'm stuck with a wallet anyway. But, a case like that could work if I just got down to a piece or two of gov't ID.Agreed, and that's a good use for the watch, though I'm not sure if enough justification to get/wear one. How does it work if you have multiple cards/accounts? Does it display a list? (i.e.: Bank A - checking, Bank A - savings, Bank B checking, Visa A, MasterCard A, etc.)
I believe that you can scroll through different cards with the crown wheel, but for me that would be a bit of a waste of time. I have the one ANZ "Apple Pay" account which is simply used for everything I pay for with Apple Pay. Every now and then I throw a chunk of money at that account from my other accounts either from the same or other banks.
Apple Pay on the watch is just another one of those things that you end up finding the watch incredibly handy for. A year ago the Apple Watch was a bit of a gimmick. After having it always there with reminder complications, automatic login, alarms, Apple Pay, messages, loyalty cards, siri and so on it just slowly grows to be almost indispensable. Quite scary really.
Yes, I guess that would be the goal. We've reduced our number of accounts (I don't even have a personal credit-card anymore), but have personal and business debit, as well as a business CC... so that's 3. But, for sure, ApplePay linked to that personal debit would cover a heck of a lot of things.
Heh, maybe you Watch folks will win me over one day. Death (of my Watch-resisting ways) by 1000 micro-uses.
I guess so long as I have to carry the phone anyway, I just do all those things on the phone. But, I'm also not really a watch person, so prefer not wearing one. If I did, and w/ a few of those uses, that might do it.Heh, maybe you Watch folks will win me over one day. Death (of my Watch-resisting ways) by 1000 micro-uses.
It does seem to be the way it goes. Rather than a killer app, the watch just seems to do a huge number of tiny things ever so slightly more conveniently. Also, if you have kids, it makes life considerably easier. Saying "Hey Siri, add bacon to shopping list" is a lot more likely to happen if I'm carrying a baby than getting the phone out. Since it is so easy for me and everyone else in the family including the nanny, it actually happens. Walking around the shops looking at your watch reminder list (which is right there on the dial) is easy, in a way that pushing a trolley around a shop with your phone open just isn't, especially if you're herding kids. Similarly, with older kids about I have to keep my Macs locked with decent passwords. Being able to sit down and my computer unlocking itself is really handy. Tiny, but handy. Being able to answer the phone in the shower, or in the pool, or while both hands are filthy (I was bricklaying at the time and covered in cement, but it also happens when cooking) is handy. Being able to dictate text replies when driving is handy (ok so some cars now allow you to do that, but not many). Being able to pay for morning coffee while holding a baby, dragging a small boy, and holding the table number thing (so you can't get your phone out without putting something down) is handy.
Same with asking for a ten minute timer: I wouldn't bother getting the phone out to do it but the watch can do it in the time it takes to ask.
You're right in that there's not one thing. I used to have a beautiful Rado watch about twenty years ago, but I got out of the habit and haven't worn a watch for a decade or so. I only bought the AW because it was a bit of fun (and it was cheap - bottom of the range black sport 38mm with black band). Now I can't last an hour without it.
When Apple Pay first launched in the U.K. I often asked to use it and was met with a confused look on the cashier's face.
Now when I'm being served I ask to use contactless and still use my Watch/iPhone (whichever is easiest).
Luckily all of the banks I'm with have had Apple Pay since July 2015 and/or signed up to the scheme not long after.
I love AP and use it where I can. Still very limited in my area and where I shop. But, I would not leave a good bank I have been with for decades. One that has my house payment, car payments etc.
I use the QCode at Walmart. The Shopping Scan and Go app at Sam's. Very easy, just scan my items as I pick them up. Hit checkout and go to exit. No standing in line.
I use the QCode at Walmart. The Shopping Scan and Go app at Sam's. Very easy, just scan my items as I pick them up. Hit checkout and go to exit. No standing in line.