Not that you asked me..but USAA just announced they will support.
But I knew they would. They were the the first to implement in app check deposits.
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Many Retailers Hesitant About Offering Support for Apple Pay
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Not that you asked me..but USAA just announced they will support.
But I knew they would. They were the the first to implement in app check deposits.
Actually,
Pay implements an EMV standard. But, it was only published early this year.
Why can't a baby run before it crawls? Why can't you eat a steak before it cooks? So on and so forth.
Google Wallet and SoftCard were ahead of it's time. EVERYTHING has to start somewhere. Apple does a fantastic job of taking what's already out there and polishing it up and making some who don't pay attention think they did it first.
In addition, the carriers severely hampered Google Wallet for their own greedy reasons. NFC payments were coming with or without Apple. Now it's just going to come a little faster. Which I'm extremely excited about.
Not until your banks make the backend changes required to support EMV tokenization.
Yes, price would still matter to me, but often I find prices to be extremely close at most stores do to the internet era and how easy it is to check on competitor's pricing.
The tokenization is done when you load the card into your phone.
After that, the token looks like a regular transaction to the payment processor. It gets translated to your real account number by the issuing bank
So, if you bank supports it, your card should work anywhere that uses the EMV contactless card reader, worldwide.
That is correct. It's very expensive to up and change your payment processing system. If customers are demanding it I'll give it to them! I'm not going to do it just because Apple wants us to.
And that is changing. As an amex user, there are very few places anymore I can't use it. Of the places I regularly inhabit, my insurance company's agent (State Farm) was the last holdout. And that includes a small pet store owned by one guy and a local sub restaurant (They started taking amex long ago).
I can't even think of anywhere I go regularly anymore that doesn't take it. My Visa card gets use mostly because it has a better cash advantage for gas and grocery stores (I only use either for the rewards and pay off both at the end of the month).
Anyways, stuff like this is expensive so that's why I think retailers will be slow to adopt. Even with the new laws, I think some are going to have to see how much risk they are really risking by taking on the risk of credit card fraud themselves rather than the card companies. I think some are going to have to learn the hard way (or alternatively decide it's cheaper just to risk the fraud) before you see them change.
I'd say my company might be one but for once they seemed farsighted enough to have terminals that are capable (I think, it has a chip reader that we can't use cause it's not activated but I think it's for that. Unfortunately I'm not really sure what it's for cause with our systems it's useless and does nothing except confuse the few customers who notice and try to use it). But they still don't actually use it (you can only swipe cards at our store. And we certainly don't have capabilities to wave a card over a reader like you can at McD's with my Amex. Just some reader where you insert the card and it reads a chip, well it would if our software actually acknowledged the reader which it doesn't so it stays inert and is useless).
Apple's fee is paid by the bank, out of the fees they already collect.
There is no additional fee for the customer, merchant, or payment processor.
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Outside the US, that's exactly what they do. It's required for chip and PIN EMV cards, which are standard in Europe and elsewhere.
The US is not converting to PIN cards right now (most banks are issuing chip and signature cards), but I think it is inevitable.
True, most Android users don't (myself and all my friends do use it) and most Apple users won't either. At first. People don't even know how it works and once they do know how they are scared of it.
Like you said, over time, slowly, it will happen.
There is still the possibility though, that the fee paid by the bank is passed on to someone, sometime, somewhere.
Tokenization is done when you load the card to your phone. After that, the token looks like a regular credit card to the merchant.
Can't wait for this to come to Canada.
There's NFC/Chip terminals basically everywhere. And I especially hope Loblaws supports Apple Pay.
I wonder what the rollout here will be like... hopefully it's a good coverage!
Now I just have to hope that TD Bank doesn't take over a year longer than the other banks to support it
There's NFC/Chip terminals basically everywhere. And I especially hope Loblaws supports Apple Pay.
I wonder what the rollout here will be like... hopefully it's a good coverage!
Now I just have to hope that TD Bank doesn't take over a year longer than the other banks to support it
You make a lot of uninformed assumptions about people. I always search for the cheapest price. However, if I can fin a price near to the cheapest at a retailer I prefer, then I will gladly pay the fee dollars extra.
I have a short list of companies I TRY not to purchase from. And except for one item I couldn't find elsewhere by the time I needed it (not based on price) I haven't shopped there.
Most people who say they want to shop at places that accept Apple Pay aren't radnomly going to be walking in to stores and asking. Nor will they be leaving their credit cards at home for the time being.
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No. We ARE backwards. I travel international A LOT for work and wish we were 1/10th as far as some other countries with their infrastructure.
I have a short list of companies I TRY not to purchase from. And except for one item I couldn't find elsewhere by the time I needed it (not based on price) I haven't shopped there.
Most people who say they want to shop at places that accept Apple Pay aren't radnomly going to be walking in to stores and asking. Nor will they be leaving their credit cards at home for the time being.
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No. We ARE backwards. I travel international A LOT for work and wish we were 1/10th as far as some other countries with their infrastructure.
Can't wait for this to come to Canada.
There's NFC/Chip terminals basically everywhere. And I especially hope Loblaws supports Apple Pay.
I wonder what the rollout here will be like... hopefully it's a good coverage!
Now I just have to hope that TD Bank doesn't take over a year longer than the other banks to support it
Dude, we have had it here in Canada for years. If you have an Android NFC phone (basically an old Samsung S3 or above), you can get the TD app, make sure you have an NFC Sim in your phone (get one from your mobile network). Tap and pay at the till using your phone (just like your TD NFC debit/credit card).
http://www.tdcanadatrust.com/produc...tronic-banking/ways-to-pay/mobile-payment.jsp
For sure TD will support Apple NFC phones the same way, either that or they'll do the Apple Pay. They already do it for Android after all. TD is a great bank for this sort of thing.
Yes, there are several about Chipotle. I didn't read the entire thread but I saw several. Thanks for posting.
Yes. You're missing that all the vendor needs is a working NFC terminal for
Pay to work.----------
The iPhone is 'inherently' anything that Apple builds into it.
PS. Folks, it's "Apple Pay", not
Get off my lawn you darn kids!!!!
kdarling, thanks for the info.Google Wallet uses a virtual number that effectively acts as a token for the real numbers that are registered. The real numbers cannot be seen.
As for TouchID, it's optional even with Apple Pay. (A PIN can be used in place.) The banks don't care which one is used, which is why older iPhones without TouchID can still use Apple Pay. TouchID is mostly about making it easier to make purchases.
You see, in order to make more money, the banks want customers to feel that purchases are safe and perhaps more importantly... convenient. The amount spent via convenience overrides security issues. That's why, for example, that they don't require any authentication below a certain amount even with fraud-prone mag-stripe cards.
That's a good point. Banks love Apple Pay because they stay in the catbird seat, and can continue to collect and sell our collective purchase history, as they've been doing for years.
Well, besides the fact that it's no doubt easier to start with coordinating with local country bank organizations...
If it's true (and we really don't know if it is or not) that US banks are paying a 0.15% cut to Apple, then that's going to be a blocking point in many other countries. Especially in Europe, where the bank transaction fees are much tighter than in the US... so such a high cut would not be a viable option.
Apple Pay only works on iPhones, so it's not going to gain a foothold over anything else.
PS. Folks, it's "Apple Pay", not
It would make a great excuse! HahaTo us older people, a few years' difference is really not very far
Aso, an advantage to the delay, is that now most chip terminals also come with NFC support built in, or at least, cheaper than a few years ago.
So when the EMV switchover is done in the US, it's more likely that NFC will be widely supported than some other countries.
Interestingly, Australia kept missing its changeover deadlines for years. The US is still meeting its deadlines. They are just later deadlines.
That's because it's not a contest. It's a staggered rollout controlled by the banks and CC schemes.
In a similar way, Apple Pay is being staged outward from the US. It doesn't mean other countries "are far behind".
1. Most major US carriers blocked Google Wallet from using the Secure Element on their phones, as they were trying to promote their own wallet.
2. Some major retailers are trying to promote their own payments system (MCX).
3. It's not 2015. Many stores have yet to pay for new terminals. And those who have, often have not turned them on yet.
I suspect that people will likewise have to get used to Apple Pay only working at certain stores for a while.
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I also think, just as with Google Wallet, that it won't be that big a deal either way. Sure, it'll be convenient if you're in a rush or if only your hand with a phone is free, but it's not going to stop anyone from still using their physical credit cards.
e.g. Who's going to say, "Oh gosh honey, I couldn't buy you an engagement ring because the jewelry store doesn't take NFC payments."
Ditto, kdarling always seems to have very informative posts.Well that's dumb on the restaurant's part because if you were a thief, that is the place you would pick to rob being that it's all CASH!
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You always have to most informative posts.
Please keep posting them.
And people stop with the
all the time. Its very hard to read posts with all that in there. Thank you
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... as usual.
Every time Apple introduces something "new", Android lovers storm the forum screaming "we already have it since 1218!". But reality is that what they have on their droid barely is a gimmick, while Apple will push the new service with all their power. Apple isn't always successful in their attempts, for sure, but surely they have a significant impact on the market.
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Nobody use it could be an exaggeration, indeed, but the diffusion of Google wallet is very very limited considering the time it has been available...
Actually there are more words on the net about the yet to be started
Pay than the two years old Google wallet. Enough said.Aren't the Yanks still signing the debit/credit card purchases?
We've had chip&pin for so long I don't think I've ever had to sign for a purchase.
Apple Pay is one of these things where I think you will either have to get on board or be left behind. It's quite obviously the future, so why fight it? Just a shame it will probably be 2026 before we see it here. iTunes radio anyone?
We've had chip&pin for so long I don't think I've ever had to sign for a purchase.
Apple Pay is one of these things where I think you will either have to get on board or be left behind. It's quite obviously the future, so why fight it? Just a shame it will probably be 2026 before we see it here. iTunes radio anyone?
... as usual.
Every time Apple introduces something "new", Android lovers storm the forum screaming "we already have it since 1218!". But reality is that what they have on their droid barely is a gimmick, while Apple will push the new service with all their power. Apple isn't always successful in their attempts, for sure, but surely they have a significant impact on the market.
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Nobody use it could be an exaggeration, indeed, but the diffusion of Google wallet is very very limited considering the time it has been available...
Actually there are more words on the net about the yet to be started
There were some usage stats and projections posted in some other threads. It's not correct to say NO ONE was using it, but it might as well have been no one.