Apple cartel v banking cartel ......I'm sure somewhere far far far down the line the customers interests come into it .
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Australian Banks Again Denied Request to Negotiate Over Apple Pay
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I opened up a new account card with ANZ. Worth the hassle of the extra account to have the convenience of not carrying my wallet.
There are always two sides to every story. Apple dictates, Banks dictate too...nothing gives yet
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I'll call you out on that statement, why would you carry a wallet if all you had in it was a single card? (Unless I am missing something)
Me too. I'm with CBA and have been using their PayTag for a number of years. I loved it... until I used Apple Pay. I opened an extra account with ANZ and transfer my coffee budget over to it. Apple Pay is faster, more reliable and more secure. I will definitely move my families accounts over to ANZ if CBA don't get a wriggle on...
That is exactly what the banks wanted and exactly what would NOT result in what you want. Opening NFC would only result in having separate, stand alone apps for each bank (or transit pass) that you would need to go through a bunch of steps just to make a payment, as opposed to scanning your fingerprint. Think, having separate apps for Target, Wal Mart, Bank, Credit Card,etc. All your cards in one wallet, then just double tapping home button and with thumb still on button your scanned and done = good.
50 separate apps you have to download to your phone and open app, scan code, show code to cashier, blah blah blah = bad.
As others have mentioned, transit passes could work through Apple Pay, ie Japan. No need to open NFC.
The problem is not "architectural tied". The problem is that it is secure because nobody, including Apple, can access important security related data on the phone. It's not just that Apple _doesn't_ access things, they actually _can't_. Opening it immediately destroys that security.
They should put all of the upper management from these banks on their own island as punishment.
Nice. I actually wish I didn't need a wallet but every time a card is made redundant there's another one you need. Like a different transport card for every city you visit. Hate that so much!
I moved all my banking from NAB to ANZ. The Grow app is a bit annoying (especially in showing "current" balance instead of available balance), and overdrawn fees are BS ($6 p day overdrawn). But all worth it to never having to carry a wallet again.
Ask for a KG of shrimps in the supermarket here and they'll either not understand or think you're a foreigener who does not know they're called prawns here.
No harm done. Just different names for the same things.
No it does not. Care to explain how you think that it does?
Not if NFC was opened up as it is on other devices.
As far as contactless goes, "Apple Pay" is just an app presenting a UI to the payment code in the Secure Element that Apple did not write. (Which is why banks see no reason to pay Apple.)
You see the blue App part? That can be "Apple Pay" or "My Bank Pay" or whatever you want.
With open NFC, when you tap with a card YOU have registered to THAT particular app, it'll be woken up to authenticate the purchase with a passcode or finger, and EVERYTHING else is done by the Java applets in the Secure Element, applets which are written by the various credit card schemes (MC/Visa/etc). Banks could also write their own applets, but there's no need.
In other words, the only difference between now and if you use your bank's NFC wallet, would be which app you see automatically appear. (Apple has already opened TouchID to apps, so even that would be similar.)
Or for that matter, if you tapped at a department store and you had that store's special card registered, the store app would wake up. Then, like with the Walmart Pay app, it could automatically add discounts etc.
Not to mention that in say, London, your Oyster app could wake up and pay your ticket.
There's no reason or need to use one app like "Apple Pay" for all those things. This is just part of the power of NFC in every other device out there. And there's no problem with security.