So, if both phones have NFC, then why not just bump the phones together? Why the need for a specialized device hanging precariously out of the audio jack?
Starbucks won't spend more money to upgrade their POS...
Thank you for posting this. I hate when people think Apple party and nfc are mutually exclusive.
Yeah, because Apple totally wants to be in the business of selling point-of-sale devices and making like $1 per day in profit. Heaven forfend they focus on their exceedingly popular businesses rather than get lost trying to be everything.I could see it having an upside for Apple.
Square has spent the last several years building a great payment processor infrastructure. Apple would be able to market Apple Pay directly to small business, instead of relying on their banking partners to do it.
Oh really? Where did Apple tell you that? Guess you believe everything you read.Might have already been mentioned but i believe apple tried to purchase square and they turned them down.
I love how some people just listen to their feelings and don't bother asking questions like 'why'? If Square is voluntarily a part of the iOS / Apple Pay ecosystem, what advantage would come from buying them?
So, if both phones have NFC, then why not just bump the phones together? Why the need for a specialized device hanging precariously out of the audio jack?
Seconded. Please can reporters working on Apple Pay stories make sure to mention (or confirm) that there are plenty of other NFC solutions which will be enabled by a given platform "adopting Apple Pay". Some boilerplate like: "...this will also mean that Square will be able to take payments from Google Wallet and other NFC sources..."
Today I glimpsed a headline someplace else saying "Sephora to add Apple Pay to (n) stores." Of course, what it should have read was "Sephora upgrades POS terminals to NFC in (n) stores".
As a business owner who has used Square since November 2010, I am really pleased that they are keeping up with the times. Though I don't fancy the idea of buying yet another dongle for my phone.
Square, how about scrapping magnetic strip. You can't use them any more in most of the world. #getwiththetimes
I believe I read on MacRumors that the newest iPads have NFC built in so that 3rd party apps can access the feature, despite not having a direct need for Apple Pay via that device.
This suggests that the new Square stand will likely need an upgrade to support cards with chips, but that we retailers will need to buy both a new stand AND the current iPad Air to support NFC payments. I knew this was coming, will still cost less than going with traditional merchant service BS.
Plus, If you are in my situation, I guess you can always sell your other iPads to employees at a discount or something like this to supplement the costs of the new ones. Not bad at all.
Yeah, because Apple totally wants to be in the business of selling point-of-sale devices and making like $1 per day in profit. Heaven forfend they focus on their exceedingly popular businesses rather than get lost trying to be everything.
Oh really? Where did Apple tell you that? Guess you believe everything you read.
i don't think either of these solutions are PCI compliant. What they'll more than likely do isOr they could offer both solutions where they sell a reader with the NFC chip built in and a reader that accesses the NFC feature of the new iPad's.
I love how some people just listen to their feelings and don't bother asking questions like 'why'? If Square is voluntarily a part of the iOS / Apple Pay ecosystem, what advantage would come from buying them?
Ha. You think Apple needs square to make Apple Pay a success? This isn't Android wallet. Apple Pay can succeed in the real market because it is a good product. It doesn't need Appe to buy out a bunch of companies to force the issue.It's not about selling POS devices. It's about creating critical mass for Apple Pay, which in turn sells their iPhones, and further entrenches their ecosystem.
I swear. Sometimes it amazes me how some people can't see the forest for the trees...
http://techcrunch.com/2014/09/12/payments-startup-square-raises-100-million-more/
http://www.hngn.com/articles/42324/...llion-worth-acquisition-square-turns-down.htm
LOL, more gibberish. Apple charges what the market will bare for Apple Pay, nobody will be paying 3%. Square gets that because they are a niche product, but they will never grow beyond that. Apple thinks big picture.Seeing as how Square takes 3-ish% of each Square transaction, whereas Apple only gets a fraction of 1% for each pay transaction, it would benefit Apple in a colossal way, financially, to purchase Square. They may not need the extra money, but it would be on the same avenue as all the other startup companies they've purchased in the last decade or so.
Also, Apple would gain a lot of infrastructure for rolling out peer-to-peer Apple Pay payments.
Sweet!!!!
Now come on, bigger retailers, get on board.
Hell, I only want three comapanies to support it as that is where I mostly spend my money (Fred Meyer, Safeway, and Petsmart. Be nice if Costco did too).
Albertsons just bought out Safeway and they're supporting Apple Pay. This means they will become the largest grocery retailer with this purchase, which means the largest grocery chain will have Apple Pay!
I hope they don't change Safeway as I like Safeway and I'm not a big fan of Albertsons :/ (especially not the bakery. Safeway's bakery is way better than Albertson's).
But, I don't mind they introduce Apple Pay to Safeway (and I had no idea Albertson's supported Apple Pay).
And really, they're larger than Kroger (which has Fred Meyer and QFC and I think a few others and I know that I had Kroger when I was in Atlanta and QFC/Fred Meyer in Washington so they seem pretty spread across the country)?
I too prefer Safeway to Albertsons for pretty much everything. I hope the only thing that does happen after this buyout is the fact that they take Apple pay. Safeway shouldn't be too difficult to upgrade, just attach the "NFC hat" on the terminal like many other retailers did.
If they do rebrand all Safeways into Albertsons, you now not only have the entire US a covered, but every other country that has a Safeway as well, bypassing Kroger as worlds largest grocery chain. Though I doubt they'll rebrand any of the Safeways.
I too prefer Safeway to Albertsons for pretty much everything. I hope the only thing that does happen after this buyout is the fact that they take Apple pay. Safeway shouldn't be too difficult to upgrade, just attach the "NFC hat" on the terminal like many other retailers did.
If they do rebrand all Safeways into Albertsons, you now not only have the entire US a covered, but every other country that has a Safeway as well, bypassing Kroger as worlds largest grocery chain. Though I doubt they'll rebrand any of the Safeways.
The Starbucks Square partnership isn't really what you think. Starbucks is using some tech from Square (what isn't public) but the biggest part was acceptance of the now-defunct Square Wallet. Starbucks will probably support contactless cards and Apple Pay some time in 2015, however.