It's gross how people ignore the fact that many of Apple's ideas were first seen in their android competitors.
This is bussiness. Nothing more and nothing less. All I care about it which one is going to reach the UK first.
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Samsung Acquires Apple Pay Rival LoopPay
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It's gross how people ignore the fact that many of Apple's ideas were first seen in their android competitors.
This is bussiness. Nothing more and nothing less. All I care about it which one is going to reach the UK first.
Yea, because you are forced to buy ALL the copies from all other manufacturers too right?
What is the issue here?Be glad that companies look at each other's products. It ensures that they keep on their toes and introduce new features at a steady pace to entice new customers. It benefits you!
I would argue the Oyster card did it right first as it seems to be the most successful system in the UK, but that makes me believe here in blighty it'll be ages before it becomes a popular way to pay for things, if ever. After all banks have done it for a while now and Google have done it for longer. And most people have contacted built in their cards now.
We will have to wait and see if this captures the publics imagination.
But is it the point of all this to not have cards on you? It's backwards in my opinion. I prefer one device to carry on me that does everything I need to be done.
Paypal partnering was a PR stunt.
It comes down to $$$$$$ £££££££. Transactions fees, and Paypal are very worried.
The whole Apple pay move is not about security, its a feature, its all about making a fortune from transaction fees.
And others are copying apple is deciding to get a cut. Paypal should be worried!
are you referring to apple adding app-integration in the share-screen? apple introducing icloud drive? widgets, albeit only in the notification center? third party keyboards? spotlight searching the web? next-word-predictions? hey siri?
true, monkey see, monkey do.
Maybe it will be part of the NFC requirement NOW, but it certainly wasn't initially since the standard only happened just last year.
Sources for this :
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EMVCo publishes tokenization framework specification
By Sarah Clark Email Sarah Clark 11 March 2014, 11:08
The first version of the EMV Payment Tokenization Specification has now been published and is available to download. The document sets the scene for the arrival of MasterCard, Visa, American Express, Discover, JCB and UnionPay transactions on a mobile phone using the widest possible range of last inch technologies.
http://www.nfcworld.com/2014/03/11/328236/emvco-publishes-tokenization-framework-specification/
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So, your telling me you were using tech on your Galaxy Nexus in 2011 not deployed till mid 2014 at the earliest? Interesting tech achievement that is.
Sorry, the old "the entire galaxy except the US has been using nfc" stuff has been proven false. The rest of the world may have nfc terminals but no one was using them really. Just like in the US. Apple pay is what's putting nfc payments on the map.
Paypal have nothing to worry about, their payment system is used by a lot of platforms, websites, eBay still primarily uses it, even the PlayStation platform uses it.
It depends, as said is all about the public, people will still carry cards, others will carry iPhones, Apple can sure make it a service people will use but it will take a while I think. The other problem is the reliability of iPhones and people keeping hold of the older ones because they tend to last.
Care to share this proof?
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Just by focusing on mobile apps payments, Apple pay will impact paypal.
Ebay owns paypal, and its a great relationship cause they get you for ebay and paypal fees.
Playstation platform? how is that relevant? A lot of merchants give you the option of paypal, though its not the main payment method, credit/debit card still is.
Paypals other problem is that, Apple fans generally have move money to throw around, that money moving away from paypal to Apple pay, is not a trivial amount.
I haven't used NFC payments but in London NFC terminals are widely available. I see them everyday.
EBay is splitting from PayPal and Apple aren't going to affect PayPal. And their is nothing to stop PayPal working with the Apple pay system, I'm not sure you understand how it works? Apple pay is just replacing your card, its not an Apple bank, Apples system just works with you bank or other services like PayPal.
Have you ever linked your credit card or bank account with paypay? Now rethink your statement of how Apple pay would impact paypal.
If you think there is growth in legacy website payment methods, yeah paypal are fine, Apple is smarter than that, its going after in app payments. I would argue that Apple pay are already ahead of paypal when it comes to making payments in stores....
While I make 2-3 payments a week via paypal, I do about 20 via contactless.....
Is LoopPay and others looking toward tech now? Or is it just relying on soon to be outdated tech? The issue is if you know tech will be obsoleted very soon why invest into it? LoopPay's mistake.
http://it.slashdot.org/story/15/02/19/0120228/samsung-smart-tvs-dont-encrypt-the-voice-data-they-collect
But sure they'll be more careful with your money? Right?
But sure they'll be more careful with your money? Right?
Apple buys companies all the time, and Samsung has had NFC capabilities long before Apple. This isn't like Samsung is adding a fingerprint sensor. It is Samsung adding a technology that even Apple doesn't quite have here, though Apple recently entered this space in its own way.
I mean, remember, the iPhone could've had NFC with the 5, if they made it bigger at the time.
I didn't mean not a single soul uses them. I meant ppl here act like the entire world uses nfc as a standard every day with billions of dollars of transactions being done across the world with nfc, and the usa is lagging behind and needs to catch up.
That's simply not true. There's nfc terminals everywhere in the usa. But not a lot of people use them. Sane with the rest of the world.
I doubt space had anything with it.
Apple simply wanted to ensure that enough companies were on board before they rolled out NFC-payment, so I doubt it would have been as successful 2 years ago.
Not to mention that all the other technologies such as the secure enclave on the A7 chip, the fingerprint sensor, as well as integrating Apple Pay at the OS level. All these were not available before the 5s either.
I am willing to bet that loop-pay is simply another checkmark on Samsung's list of specs, and that they will be abandoning it soon enough.
not the best solution
1_ prone to have external devices listening in to the magnetic signal, recording the constant code, and reproduce it at will
2_ you still have to either sign the receipt or enter a PIN
3_ won't actually work in some European countries where the chip, not the magnetic strip, is required.
1_ prone to have external devices listening in to the magnetic signal, recording the constant code, and reproduce it at will
2_ you still have to either sign the receipt or enter a PIN
3_ won't actually work in some European countries where the chip, not the magnetic strip, is required.
If this gains any traction, I'll be surprised. Magnetic stripe tech will be gone in a decade (or to be very generous, two.....).
Not so much worried about PayPal either......its functionally different, a third party 'middleman' of sorts that ApplePay cuts out entirely.
Not so much worried about PayPal either......its functionally different, a third party 'middleman' of sorts that ApplePay cuts out entirely.
I use NFC terminals everyday and I Live in Canada...
its not a slam, bu the USA is extremely archaic and slow when it comes to adoption of this new technology, especially in the banking and finances industry.
the rest of the world was installing NFC payment terminals a decade ago for use with NFC enable smart cards. Virtually every single credit card shipped in Canada today has NFC on it and stores everywhere have been using "tap to pay" for years.
Dont tell anyone, it's our secret!
p.s.
Samsung had their own wallet for NFC payments for a few years already. only on Samsung Devices from the S3 forward, and not available in most markets.
so, TECHNICALLLY, if we really want to be assanine, samsung is the innovator here
however, Apple Pay is much nicer, better, and I would trust it far more than Samsung's wallet
I think you mean Samsung was first. As was Google Wallet etc etc.
i agree. i think every market should only have 1 supplier and that is the first one