Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
But they can, if stolen, be compromised by a man-in-the middle attack -- a physical one! -- that tells the terminal that a signature transaction is authorized, at which point the terminal accepts any PIN and accepts the transaction.

That's a very interesting paper. I noticed it was published in 2010. Has EMVCo announced any plan to mitigate the problem?
 
Being that I develop for the credit card industry, I'm actually appalled at so much mis information in this thread from people literally talking out of their a$$ and have NO idea how this technology or the payment industry works.

Apple Pay is NO different from a normal NFC transaction from another phone or a "tap to pay" credit card. Apple negotiated the rates with the BANKS directly. This fee is NOT charged to the merchant. The POS system sees the Apple Pay as a normal NFC transaction, and it is processed exactly the same as a normal credit card. Apple simply has an extremely advanced encryption and tokenization system for protecting the card information.

The Bank (NOT the processor the merchant is using) knows what transactions are Apple pay transactions and pays Apple accordingly. Apple's Apple Pay Service is simply a encryption service to store the card information on the phone in a manner that cannot be cracked. That's pretty much it.

So to sum up....

- Apple Pay DOES NOT have additional fees for the merchants to pay.
- Apple Pay DOES NOT process in any special way, it's handled exactly like a normal credit card through the merchant's chosen processor.
- As long as the credit card processor can accept NFC payments, nothing else needs to be done to support it.

I really do wish people on this site would wise up and not comment on something they have no idea about, but speak as if they do.
Thanks for this.

I too have some experience in finance in particular banking because well... I used to work for a bank in addition to having getting my degree in finance before I became a developer 6 years ago. LMAO!
 
Keep it coming! We're getting close to 2500 posts about drug stores in two threads! Samsung, Google and Microsoft combined couldn't do that!! :D:D
 
Huh?? How does being annoyed and angry by what CVS did make you "worship the company"? People enjoy the convenience of a service that is available on their new phones and they want the ability to use it as many places as possible. So when they find out a store takes away that convenience they get ticked off and want to boycott the place. What in the world does that have to do with worshipping the company that provided that service?

And millions of people grabbed their pitchforks and boycotted Disney as well. And, look at how Disney is no longer in business... oh, wait... they're doing better than ever... nevermind....
 
And millions of people grabbed their pitchforks and boycotted Disney as well. And, look at how Disney is no longer in business... oh, wait... they're doing better than ever... nevermind....

Yeah but the magnitude will be greater because it's not just ApplePay it's also Google Wallet. If people are fans they will shop where it's easiest for them. That's just a fact. Can anyone even really call that a boycott? It's just people doing what's easier and what they think is safer for them. Who knew people would do that? Call the police to stop the injustice.
 
Yeah but the magnitude will be greater because it's not just ApplePay it's also Google Wallet. If people are fans they will shop where it's easiest for them. That's just a fact. Can anyone even really call that a boycott? It's just people doing what's easier and what they think is safer for them. Who knew people would do that? Call the police to stop the injustice.

Hey, that's fine, shop where you want to. Just don't go make a big production in front of a 15 year old kid simply because your phone doesn't work in a store he doesn't own.

All that does is set a bad example for the children, and send this world into a further downward spiral. I can see now why kids always say they never want to grow up.

And, as for a greater magnitude... doubtful, there were more people boycotting Disney than there are people who own iPhone 6 models.
 
Do you guys think that Apple Pay is beneficial for stores? No, because Apple gets a share of every transaction completed using Apple Pay. So obviously retailers are coming up with their own system. Yes, the stores should have anticipated this and come up with their own solution, and as a result they are lagging behind and are making Apple sheep angry because they want to use this handy function RIGHT NOW. God forbid that they have to wait a couple of months longer to do a mobile payment.

Reading through the comments above, I honestly had no idea that Americans don't use chip and pin cards. I personally don't want to pay by phone because it imposes more risk then just using my bank card and tapping in my code. Never ever had a problem with this, and thanks to maestro it works almost everywhere.

Maybe Samsung should pay you less... You clearly have 0 understanding and definitely can't read...
 
Well then let's...

Let's make sure we fight back by picking out a good supply of items (make it look normal, nobody needs to give these employee's a lot of extra work) and then act surprised that they won't take your form of payment, and leave the store.

If everybody does this to each store a couple of times a day, I think the higher ups might start to use their brains... maybe.
 
And millions of people grabbed their pitchforks and boycotted Disney as well. And, look at how Disney is no longer in business... oh, wait... they're doing better than ever... nevermind....

I'm not even sure what your point is. First of all you're obviously too emotionally invested in a topic that doesn't even affect you. I happen to be a big fan of Apple Pay and hope that it becomes widespread so that I can utilize the convenience and ease it offers me. The people who are annoyed and posting to this thread are inconvenienced and blowing off steam in this thread. I can understand that. What I don't understand is your "trollish" need to comment on their reactions. You've clearly made your point about viewing them as silly fanboys so why don't you just go away.
 
Hey, that's fine, shop where you want to. Just don't go make a big production in front of a 15 year old kid simply because your phone doesn't work in a store he doesn't own.

All that does is set a bad example for the children, and send this world into a further downward spiral. I can see now why kids always say they never want to grow up.

And, as for a greater magnitude... doubtful, there were more people boycotting Disney than there are people who own iPhone 6 models.

WTF are you talking about? Where did I say that in my post? Yeah sure there are more people boycotting Disney than people who own iPhone 6s and Androids from two years ago until now... Sure... At the end of the day if VISA and MC and the Banks want it, it will happen whether or not the MCX wants it or not.
 
Let's make sure we fight back by picking out a good supply of items (make it look normal, nobody needs to give these employee's a lot of extra work) and then act surprised that they won't take your form of payment, and leave the store.

If everybody does this to each store a couple of times a day, I think the higher ups might start to use their brains... maybe.

Nope, you'll accomplish nothing but making yourself look like an idiot.

Only someone so pathetic would deliberately go to a store intending to purchase nothing, and then make a production out of it. Obviously, you have no life.

And, to the retailers, I say smart move, cause apparently Apple Pay customers really are pathetic losers and you don't want them in your store anyway.

All you'll do is convince them that they don't want you there. You'll defeat your own cause.

Only pathetic losers with no life would go through such motions, I'm glad they had the foresight to support a different standard. Most likely those customers will be far more mature.

----------

I'm not even sure what your point is. First of all you're obviously too emotionally invested in a topic that doesn't even affect you. I happen to be a big fan of Apple Pay and hope that it becomes widespread so that I can utilize the convenience and ease it offers me. The people who are annoyed and posting to this thread are inconvenienced and blowing off steam in this thread. I can understand that. What I don't understand is your "trollish" need to comment on their reactions. You've clearly made your point about viewing them as silly fanboys so why don't you just go away.

emotionally invested... whatever....

Perhaps the insult your looking for is that "I'm too rational to get worked up over some company not supporting Apple Pay and going out and stuffing carts full of things I don't intend to buy as a means of ridiculous protesting".
 
This proves how scared they are, or how important this feature is. But why they didn't ban Google Wallet earlier, its been there since ever.

And why ban? if your product/service is better than Apple's, people will use it. Apple is not best in everything. But people follow Apple because of years of trust they garnered with quality product and services.

You don't need to band any product/service to compete with it. Just make a better one.

I live in India, i was excited with Google Wallet, but it never launched in India, I'm now excited with Apple Pay, hope it launches sooner. But i too would not shop in the store with such bad practice.
 
Nope, you'll accomplish nothing but making yourself look like an idiot.

Only someone so pathetic would deliberately go to a store intending to purchase nothing, and then make a production out of it. Obviously, you have no life.

And, to the retailers, I say smart move, cause apparently Apple Pay customers really are pathetic losers and you don't want them in your store anyway.

All you'll do is convince them that they don't want you there. You'll defeat your own cause.

Only pathetic losers with no life would go through such motions, I'm glad they had the foresight to support a different standard. Most likely those customers will be far more mature.

----------



emotionally invested... whatever....

Perhaps the insult your looking for is that "I'm too rational to get worked up over some company not supporting Apple Pay and going out and stuffing carts full of things I don't intend to buy as a means of ridiculous protesting".

Stop it. It's 2AM, everyone is asleep except me and you have me laughing out loud. My wife is going to wake up and yell at me. :D:D
 
This proves how scared they are, or how important this feature is. But why they didn't ban Google Wallet earlier, its been there since ever.

And why ban? if your product/service is better than Apple's, people will use it. Apple is not best in everything. But people follow Apple because of years of trust they garnered with quality product and services.

You don't need to band any product/service to compete with it. Just make a better one.

I live in India, i was excited with Google Wallet, but it never launched in India, I'm now excited with Apple Pay, hope it launches sooner. But i too would not shop in the store with such bad practice.

well maybe just maybe. these stores are just giving apple a taste of it's own medicine. apple just loves to lock thing's out of it's eco-system that it doesn't like well now maybe it's time they reap what they sow.
 
well maybe just maybe. these stores are just giving apple a taste of it's own medicine. apple just loves to lock thing's out of it's eco-system that it doesn't like well now maybe it's time they reap what they sow.

As mentioned hundreds of times already, they're locking out Google Wallet and SoftCard too. And apparently in order to even join MCX retailers have to shell out $250-500k as a deposit. That doesn't sound affordable for smaller businesses.
 
This proves how scared they are, or how important this feature is. But why they didn't ban Google Wallet earlier, its been there since ever.

And why ban? if your product/service is better than Apple's, people will use it. Apple is not best in everything. But people follow Apple because of years of trust they garnered with quality product and services.

You don't need to band any product/service to compete with it. Just make a better one.

I live in India, i was excited with Google Wallet, but it never launched in India, I'm now excited with Apple Pay, hope it launches sooner. But i too would not shop in the store with such bad practice.

The problem is that people choose to look at it as if they "banned" Apple. The reality, is that it was already quite clear that they never intended to be a company who accepted Apple Pay. All they did was close the door to a service that people chose to us in violation of their already established policy of not accepting Apple Pay.

If someone went in tomorrow and managed to run a Discover card through a terminal, and it went through despite the retailers already stated position that they would not be accepting Discover Card, the retailer would be completely within their rights to close that door, and the Discover Card people would not be forming some ridiculous campaign to go stuff grocery carts full of merchandise in retaliation.

It's simple immaturity and deliberately slanting the view to cast themselves and Apple as the underdogs.

Rite Aid and CVS were already on record as companies who were not going to support Apple Pay and instead were on the roster for CurrentC.
 
That's like <5% of the population, of which probably only 1% will complain.

Even if we assume what you say is true that number is going to grow. It's not going to get any smaller. We all know good and well the banks/VISA/MC will get their wish. This is probably why Apple went through these channels.
 
And millions of people grabbed their pitchforks and boycotted Disney as well. And, look at how Disney is no longer in business... oh, wait... they're doing better than ever... nevermind....

Boycott is the wrong word. What I plan to do with CVS is the same thing I did with Sony Eriksson and Nokia phones. They didn't offer what I wanted, so bought from a company that did have what I wanted.

I don't care a bit about punishing CVS or Rite Aid. I'm not going to fill a shopping cart at CVS and leave it for them to restock. I'm not going to hurl bags of pennies at them. I'm simply going to shop at the place that does offer the the more convenient and secure payment method that I think should represent the new normal.

You can gnash your teeth, beg, cajole, sneer or feign disbelief. It's not going to make me spend money at CVS when there's a Walgreens right across the street. You can call me arrogant, selfish, narcissistic, immature, or any other names, and it won't make me shop at CVS.

You can wax poetic about how little CVS will miss my business. That's irrelevant. CVS lost my business by discontinuing a service I think is important.
 
The idea of currentc is so the merchants don't have to pay fees to the banks. So the banks aren't supporting it. And even if they find a bank to support it that bank would need to charge that fee to the customer. But do you think the merchants using currentc are going to lower there prices on inventory? I doubt it. There prices are already jack up to pay the bank fees for credit cards.

What a joke!!!

Why can't these merchants accept all forms of payment like they have always done before? That would be good business.
 
The idea of currentc is so the merchants don't have to pay fees to the banks. So the banks aren't supporting it. And even if they find a bank to support it that bank would need to charge that fee to the customer. But do you think the merchants using currentc are going to lower there prices on inventory? I doubt it. There prices are already jack up to pay the bank fees for credit cards.

What a joke!!!

Why can't these merchants accept all forms of payment like they have always done before? That would be good business.

The problem may come in with MC and VISA having invested heavily into Google Wallet and ApplePay and NFC related specs and tech etc...Also consider the banks have been working with Apple on ApplePay.
 
It's in the MCX contract that the retailer cannot use any other mobile wallet, I wonder if they can get out of the contract if it is hemorrhaging money. I would think the court costs or the termination fee for the contract might be less than the money they would lose from consumers who want to make their bank data a bit more secure.
 
Nope, you'll accomplish nothing but making yourself look like an idiot.

Only someone so pathetic would deliberately go to a store intending to purchase nothing, and then make a production out of it. Obviously, you have no life.

And, to the retailers, I say smart move, cause apparently Apple Pay customers really are pathetic losers and you don't want them in your store anyway.

All you'll do is convince them that they don't want you there. You'll defeat your own cause.

Only pathetic losers with no life would go through such motions, I'm glad they had the foresight to support a different standard. Most likely those customers will be far more mature.

----------



emotionally invested... whatever....

Perhaps the insult your looking for is that "I'm too rational to get worked up over some company not supporting Apple Pay and going out and stuffing carts full of things I don't intend to buy as a means of ridiculous protesting".

Ah, I see.. Somebody that hates the free market, and a consumer's choice to take a stand. You're a real piece of work.

I will do it, and I'll get others to do it too, and we'll see what happens over the next couple of years if they start accepting Apple Pay.
 
Register on MacRumors! This sidebar will go away, and you'll see fewer ads.