Is Apple paying a share of it's surcharge to the developers of POS contactless pay terminals?
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Australian Banks Challenge Apple Over Mobile Payment App Restrictions
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Is Apple paying a share of it's surcharge to the developers of POS contactless pay terminals?
It's not the receipt where the number is "stolen" from, it's more often than not unscrupulous staff in shops, restaurants and petrol stations when you give them your card with the full number and security code printed on it.
I'm so far ahead of you that you're about to be lapped for THE 2nd time.
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Get over yourself - show me the percentage of fraud SINCE the introduction of contactless pay cards?
Some of us have insurance on our phones
Also the phone is locked via fingerprint so if you're worried about any data or contacts being stolen you might want to think again
If your phone is stolen there is this wonderful thing called iCloud and "Find My iPhone" You can quite easily lock your phone from any use or erase it completely.
Apple wants people to use their Fingerprint Technology, iCloud and ApplePay, and they are making their phones and software harder or inconvenient to use without these services.
Quite.
Here in England, we've had contactless cards for years. They're extremely convenient. You hold your card over the reader and the transaction is almost instant. Banks are all obligated to cover fraud. And for larger amounts, we have had chip and pin for even longer, which is only slightly slower than contactless. What does Apple Pay bring to the table? Precious little. It is theoretically more secure, but in practice, this will make no difference to the consumer. It costs banks more to support Apple Pay than to support credit cards, debit cards and loyalty cards. And you don't get receipts automatically emailed with Apple Pay, which is a missed opportunity. Apple has been too restricted, rather like with the Health app.
Apple should have bypassed Visa entirely if they really wished to shake up transactions. As it is, it feels like a half-hearted effort akin to the Apple TV; too limited and proprietary.
Who the hell hands over their card anymore and your pin isn't on the card NOR printed out nor captured by the terminal.
When Apple make a statement I'm interested and believe that they want to make things better for their customers. When Westpac make a statement I believe they are are not in the least bit concerned about their customers, only their share price.
Three of Australia's biggest banks have lodged a joint application with anti-trust regulators to negotiate with Apple over gaining access to the NFC-based mobile payment hardware in its smartphones (via Reuters).
Commonwealth Bank, National Australia Bank (NAB), and Westpac have so far resisted signing deals to use the company's Apple Pay mobile payment system, because they want their customers to be able to use digital wallets they have already financed and developed.
However, they don't want to be accused of violating anti-competition law by jointly negotiating a deal, which is where the application comes in.
If the Australian Competition and Consumer Commission (ACCC) lets the banks collectively negotiate with Apple under the terms of the application, it would enable them to undertake "a limited form of boycott" in which they would all agree not to negotiate with Apple individually while the talks take place.
Apple currently only allows its own mobile payment system to access the NFC-hardware in its iPhone devices, which banks argue is an anti-competitive restriction that hampers consumer choice.
Apple Pay launched in Australia in November, but has since been slow to roll out in the country. The delay was thought to be down to issues Apple was experiencing negotiating fees with the nation's largest banking institutes.
Three months ago it added Apple Pay support for credit and debit cards from the Australia and New Zealand Banking Group (aka ANZ), the only bank in Australia's "Big Four" that played no part in the latest application.
Article Link: Australian Banks Challenge Apple Over Mobile Payment App Restrictions
There is a daily limit on NFC cards. It's pretty low. Any unauthorised payments would be covered by a bank, anyway. And PIN numbers are still required randomly with contactless cards.
Is the Mac full of malware? Again I'm just asking why someone hasn't been able to successfully challenge this and wondered exactly what one owns when they buy an iDevice. I'd love to be able to use NFC for pairing and other things. But Apple has decided I can only use it for Pay. I'm sure a lot of people would love to set other apps as their defaults but Apple doesn't allow it. Couldn't Spotify claim Apple has an unfair advantage because Music is allowed Siri access and Spotify isn't? Hence my question, what exactly do you own when you buy an iDevice.
WOW ... quite the statement and no mention of Apple's 38% profit margin (that's truly Apple's interest in customers) - every company's in business to make money.
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Boo hoo big banks. You don't have a monopoly on the financial services industry
Three of Australia's biggest banks have lodged a joint application with anti-trust regulators to negotiate with Apple over gaining access to the NFC-based mobile payment hardware in its smartphones (via Reuters).
Commonwealth Bank, National Australia Bank (NAB), and Westpac have so far resisted signing deals to use the company's Apple Pay mobile payment system, because they want their customers to be able to use digital wallets they have already financed and developed.
However, they don't want to be accused of violating anti-competition law by jointly negotiating a deal, which is where the application comes in.
If the Australian Competition and Consumer Commission (ACCC) lets the banks collectively negotiate with Apple under the terms of the application, it would enable them to undertake "a limited form of boycott" in which they would all agree not to negotiate with Apple individually while the talks take place.
Apple currently only allows its own mobile payment system to access the NFC-hardware in its iPhone devices, which banks argue is an anti-competitive restriction that hampers consumer choice.
Apple Pay launched in Australia in November, but has since been slow to roll out in the country. The delay was thought to be down to issues Apple was experiencing negotiating fees with the nation's largest banking institutes.
Three months ago it added Apple Pay support for credit and debit cards from the Australia and New Zealand Banking Group (aka ANZ), the only bank in Australia's "Big Four" that played no part in the latest application.
Article Link: Australian Banks Challenge Apple Over Mobile Payment App Restrictions
Randomly. How often? Last 20 or so transactions and no pin was required. The fact is with plastic criminals have much more room to manoeuvre than with Apple Pay.
yes, but it's about the triple bottom line.
everyone knows for profit businesses are always for profit.
but what about customer satisfaction? well, if fulfilling that creates greater profit, then yes. they will invest in that.
with next to no social marketing, word of mouth and person-to-person is a really powerful way for apple to sell their ****. so their customer experience / brand image is important. commbank, on the other hand.... *coughs* 4Corners, Scandals, etc. *coughs*
Umm...no. If they're using the banking app, then the clearing house is the bank and it's not an Apple Pay transaction (no revenue share).
This is pretty simple guys (why the banks are doing it):
1) They don't want to share their "pound of flesh" (ie. transaction fees) with Apple (whatever % that is - I don't think we've ever seen a reliable leak of what it is).
2) Losing their wallet apps means that you're not presented with their branding every time you go to pay (well, you'll see the graphic of the credit/debit card, but it's not the same).
Here in Canada the banks took forever and a day to negotiate their deals with Apple (and, the big 5 were negotiating collectively) - same as Aus, Amex came in and got exclusivity as the banks were still dragging their heels.
On the plus side, when the banks finally DID pull their heads out of their asses, at least a couple of them (RBC and CIBC) used their banking apps as an authenticator for Apple Pay (so you didn't have to call the bank to get your card setup) - genius, being able to do it all right there on your phone.
I really don't see Apple giving the banks NFC access - where's the motivation for them to do that? The banks will eventually cave and do the same revenue share the others did.
NFC dev access should be for other applications (e.g. replacing your security badge at work, keyless access to your car - so you don't even need to have that fob in your pocket, etc).
It's just hypocrisy. They want to be the only ones charging you to access your own money. They've made a giant business model based on endless fees, and when someone else wants in on the game, they throw a hissy fit. Apple should just go straight to the next tier of banks like ANZ, St. George, SunCorp, Bendigo, ING, etc and let the "big 3" look like the stupid, lumbering, complacent fossils they are. There are other, more agile, more customer-oriented banks that would leap at the chance to show them up.
Compared to iPhone it's certainly has seen more action. iPhone would be a better target than Mac if it was allowed. iPhones are everywhere, i walk the street and there are literally hundreds of people with iPhones in their pockets.
When you buy an iDevice by definition you own an iDevice. I have no idea what you are doing here. You however don't own the software, you just have the right to use it. Read the EULA.
ANZ has Apple Pay. Yay! It's a good enough reason for me to be going to a branch tomorrow to open an account. Bye bye Westpac. Slow, elephantine nasty business.
I have wondered the same thing myself.
One theory I have is that people have come to accept Apple's closed ecosystem. They are used to Apple being controlling and autocratic and to them, it's only "natural" that Apple forces their own services and apps on you and barely bat an eyelid when someone complains that Apple is favouring their own homegrown service over that of a 3rd party. It's expected.
With Android, you expect to be able to change default apps because that's the whole selling point of Android. Conversely, other people bought into the Apple ecosystem because they valued security and ease of use more and are willing to give up some measure of control and customisation for these perceived benefits.
In short, the iOS user base is different from the Android user base, and so what matters to one camp may not be as critical to the other.
Others have claimed that Apple barely counts as a monopoly because of its smaller market share relative to Android. Not sure how much water that argument holds though.
Apple is not forcing anything no more than google does.
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A decreasing amount of patience.
It's not what Apple is forcing, it's what Apple isn't allowing.
With Android, users actually have the choice of 2 mobile payment options (Samsung pay and Android pay), and presumably more if any other companies cared to step into the ring.
I am not familiar with Android, but would it not be possible for the banks to create their own mobile payment standard for Android in the form of an app utilising the NFC chip and fingerprint sensor, and give users the option to use it as their default payment option?
Hmm. I know RBC did. How did CIBC have you get the secure token? The registered e-mail address? (it was either that or calling their help centre). I can't remember what steps I went through now.
Know RBC did and I know I didn't have to call anyone.