Tim Cook on Mobile Payments: 'It's In Its Infancy'

[Oletros]

I don't want to start another row but I genuinely think that if you weren't so abrupt and dogmatic about your views, perhaps even a bit more polite to other members, then maybe people would atl east try to listen at what you had to say to them.

Still not seeing what was dogmatic and abrupt in that answer.

Can you explain what was wrong?

 

[alfistas]

And thats what he did in the post I was talking about. Not sure what your referring to. He was correcting someone about Android Beam. And its not your business to say what can be and can not be corrected on a public forum 😡

I answered this before.😡 Read the Forum Rules...

Forum Rules

Instantly Bannable Offenses
These offenses can result in temporary forum suspensions or permanent bans. If you get a warning, heed it!

6.Trolling. Do not post in order to anger other members or intentionally cause negative reactions. For a given post, this can be a subjective call, but a pattern of such posting or an especially egregious case will get you banned.

😡

Still not seeing what was dogmatic and abrupt in that answer.
Can you explain what was wrong?

Your attitude towards other members is the problem. I know cause we've had our share of arguments in here as well. Your feeling of self righteousness is often off the charts...

You're abrupt because you always seem to hijack entire threads in order to prove your point about Android. In the past, I remember jokingly calling you the Google Propaganda Police for this reason.

You're dogmatic because you nearly always make unreferenced claims on matters regarding Google and Android as if that company can do no wrong. More than often you're wrong!

You claimed earlier that Android Beam, S-Beam or whatever they call NFC in Googlish, is better than credit cards.

Where is the proof?? What's the documented failure rate of this technology? What's the current and prospective coverage? These questions would need to be answered before people could form an opinion over it. That's probably also what Tim Cook means by saying it is still in its infancy.

Peace!

 

[bungiefan89]

I see the sarcasm there but I find you comment very amusing. 😉

Actually... I wasn't being sarcastic with that. I really don't have a smartphone and those are some of the main reasons why I don't have one. Instead I get by just fine on a pay-as-you-go plan with a flip-phone in one pocket and an iPod Touch in the other. It's a great combo. No sarcasm! 🙂

 

[thewitt]

nfc & fingerprint scan

we're talking about a whole new level of security issues where your stolen iphone will be escorted by your severed thumb or index finger

The fingerprint tech apple bought can tell the difference between a live and dead finger....

 

[alfistas]

Actually... I wasn't being sarcastic with that. I really don't have a smartphone and those are some of the main reasons why I don't have one. Instead I get by just fine on a pay-as-you-go plan with a flip-phone in one pocket and an iPod Touch in the other. It's a great combo. No sarcasm! 🙂

My apologies! 😱

I take it you're the only one in your circle who's not looking for a charger when the sun goes down...?? 😉

I ought to get myself one of these for when I'm abroad. It needs charging once a month!! 😱

 

[jasvncnt]

I answered this before.😡 Read the Forum Rules...

Forum Rules

Instantly Bannable Offenses
These offenses can result in temporary forum suspensions or permanent bans. If you get a warning, heed it!

6.Trolling. Do not post in order to anger other members or intentionally cause negative reactions. For a given post, this can be a subjective call, but a pattern of such posting or an especially egregious case will get you banned.

😡



Your attitude towards other members is the problem. I know cause we've had our share of arguments in here as well. Your feeling of self righteousness is often off the charts...

You're abrupt because you always seem to hijack entire threads in order to prove your point about Android. In the past, I remember jokingly calling you the Google Propaganda Police for this reason.

You're dogmatic because you nearly always make unreferenced claims on matters regarding Google and Android as if that company can do no wrong. More than often you're wrong!

You claimed earlier that Android Beam, S-Beam or whatever they call NFC in Googlish, is better than credit cards.

Where is the proof?? What's the documented failure rate of this technology? What's the current and prospective coverage? These questions would need to be answered before people could form an opinion over it. That's probably also what Tim Cook means by saying it is still in its infancy.

Peace!

You must be talking about a different post then I was referring to. Correcting wrong information is not "trolling" But Im done arguing with you as it just seems thats really all you want to do anyways. Enjoy the day

 

[alfistas]

Im done arguing with you as it just seems thats really all you want to do anyways. Enjoy the day

You started it. I made it abundantly clear that I don't like arguing. Have a wonderful day too matey!

 

[NedBookPro]

I was talking about Australia since your original reply was about Australia. I can understand how you want to bring Asia (an entire continent) into the conversation after I reminded you how many (or is it how few?) people actually live in your country (in the grand scheme of things as they relate to your original comment).

There's just no sense in talking to some people.
I presume your argument only applies to *your* continent? There is a world outside your continent. Just letting you know that in case you weren't aware. In markets like Asia, NFC is very widely used. You seem to cut down that argument because it makes yours look silly.

And - if the iphone is only meant for *your* continent, then apple should pull it from all other markets.

Finally, I'll bet anything that when apple finally does bring NFC to the iphone, it will be "the best thing ever" in your eyes.


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You can't talk sense to a fan-boy

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Note: articles are directly quoted for ease of access; Tl,DR comments: I suggest reading as it addresses many concerns some are erroneously listing 🙂



First, that's Wikipedia, I never source anything from it as it's very unreliable.

Second, those examples are near and far and have been addressed. NFC is still a far more secure wireless tech, especially over RFID.



http://www.howstuffworks.com/difference-between-rfid-and-nfc.htm

NFC is only as secure as the applications and implementation allow. Meaning, as with any tech from Bluetooth to RFID, it is the responsibility of its applied application to ensure security. RFID as currently implemented is less secure due to the method it is currently utilized and the lack of improvements in already known security shortcomings.





Source:
Near Field Communication (NFC)

Dated 2011, much improvement has been made. As well, NFC has been used since 1997 in Japan and many other nations with little impact on its security. If it was as insecure as claimed, it would not have been so widely adapted in various large markets.



Near Field Communication - NFC vs RFID

8 myths about Mobile NFC

Myth 1 | Consumers aren’t prepared to pay with their mobile

Myth 2 | Mobile payment via NFC isn’t really secure



Myth 3 | If my phone is lost or stolen, it will be a nightmare to cancel or block all the accounts!

Myth 4 | NFC has been talked about for five years now. It will never go mainstream!

Myth 5 | There’s no great availability of NFC mobile handsets so how will it ever take off?

Myth 6 | If I had an NFC phone I wouldn't be able to use it anywhere

Myth 7 | 10 years from now, the mobile wallet will replace all the need for cash and contactless cards

Myth 8 | Mobile NFC: heard of it, but doesn’t sound real to me

NFC is under deployment in many countries around the world including France, UK, USA, Poland, Japan, South Korea, Turkey, Singapore and the Netherlands, which is leading the race with a wide-scale deployment expected in 2012.

There is much more information supporting why NFC is better and many of the claims against NFC are addressed.

Yes. This is good, sensible information.
Thank you sir.

.

 

[Drunken Master]

No..but having NFC is convenient. Only thing in my pocket is my debit card. I dont ever carry a wallet.

You should carry a form of ID; if the police ask you for a driver's license and you don't have one, it generally doesn't go over well with them.

 

[SockRolid]

I did it for the mets on Friday and will print out tickets next time
Passbook was too slow and I still had to print out a ticket stub

Hmmm. Worked fine for me. And I had two tickets in Passbook.
Works fine at Starbucks too.

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Passbook uses antiquated scanning and payment technology. NFC is clearly a superior technology, and I'd much rather see vendors adopt this than worry about Passbook.

NFC isn't secure. Just search for "nfc zero day hack."

And NFC isn't exactly the freshest thing crackin' in the technology world either.
NFC builds on RFID, which was developed in 1945.
Look up RFID in Wikipedia.

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The fingerprint tech apple bought can tell the difference between a live and dead finger....

Yes, but do the bad guys know that? :-(

 

[alent1234]

Starbucks is nice but MLB tickets I still had to print out the stubs at the entrance. At least in citi field. Yankees aren't till June

Hmmm. Worked fine for me. And I had two tickets in Passbook.
Works fine at Starbucks too.

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NFC isn't secure. Just search for "nfc zero day hack."

And NFC isn't exactly the freshest thing crackin' in the technology world either.
NFC builds on RFID, which was developed in 1945.
Look up RFID in Wikipedia.

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Yes, but do the bad guys know that? :-(

 

[tranceking26]

Whatever happend to money. I'll stick to that thanks. Another gimmick for people to blog about when fishing for likes

 

[SockRolid]

Starbucks is nice but MLB tickets I still had to print out the stubs at the entrance. At least in citi field. Yankees aren't till June

Now that you mention it, I remember that the ticket taker at AT&T park did print some thermal paper tickets after they scanned my iPhone. Took an extra 2 seconds. Very fast printer.

 

[nia820]

Thanks again Tim for stating the obvious.

 

[Misky]

I still prefer my credit card. It feels a lot safer, for me anyway. Besides, what if your phone runs out of battery? And you're far away from a charger? You'll be 'helpless' if that's the only device you bring with you 😛

 

[MVallee]

Yeah, lord knows debit cards are so thick and heavy.

Debit cards, credit cars, gift cards, loyalty cards. They add up. In my pockets I only carry the bare minimum of what I need and I still can't stand my wallet. It would be alot more convenient to just carry my phone.

 

[Squilly]

Yeah. Their keynote is going to be NFC being the next big thing. Already out Apple....

 

[maxosx]

Debit cards, credit cars, gift cards, loyalty cards. They add up. In my pockets I only carry the bare minimum of what I need and I still can't stand my wallet. It would be alot more convenient to just carry my phone.

I fully understand this is _your_ preference, which I respect.

However, it's the exactly line of thinking that Apple and everyone else that wants your money & personal data, is thrilled to hear.

In many markets like the USA there are a few basic often repeated techniques for selling. Fear based selling (drug companies) Fantasy selling, (new cars) and Convenience based selling (debit cards and now this).

There was a very large percentage of the US population that resisted debit cards for as long as they could. Sensible American's kept debit cards out of the USA for years after other countries had adopted them.

It was the uneducated masses that bought into the convenience, and finally created enough public acceptance for the financial sector to decide to move forward and issue them.

Yet few stopped to realize the moment your debit card number is transmitted to your bank the money is instantly sucked out of your account, with little to no recourse on your part.

At least with credit cards, you can easily contest a bogus charge, have some time to properly defend yourself, and if you've done your part, you don't lose the money. Debit cards are the exact opposite, your money is gone in a flash despite the warm and fuzzy dialog they told you and wrote in the TOS.

It was the masterful marketing that made it seem like an ATM was a money machine that would give you what you wanted, having earned it or not. And so on and so forth. Why are so many young people in debt these days?

Therefore if Apple does indeed implement fingerprint scanners, you will be carrying the one tracking device that even makes the police and federal authorities smile. It's their every dream come true.

What? You don't do anything that you have to worry about?

Think again.

What about in the case of mistaken identity? Yes, it happens no matter what system is in place.

In the case of the new Apple ID phone (known as the iPhone) you'll be behind bars faster than you can blink, only to find that the truth will be dealt with later, much later.

But hey, you enjoyed it while it lasted 😀



(DISCLAIMER: before the hate replies come, I am NOT trashing Apple, just the implementation of this technology that can easily be abused)

 

[bigchrisfgb]

The whole system needs overhauling. At the moment chip and pin is painfully slow and long winded. I can't believe we're still here in 2013 and I have to sit tapping my fingers in restaurants and supermarkets while we wait for the payment to go through.

Contactless payments are the future, but like electric cars there is no infrastructure (in the UK at least). I think only McDonalds do contactless here, and it just seems to be being pushed by Barclays Bank and nobody else.

If Mastercard and Visa want separate systems, it's just going to end up like another Bluray v HDDVD.

I think every bank is pushing it now, I have an RBS card and it has wireless, in fact I think pretty much all of the cards issued in the last 18 months have contactless technology. McDonalds is the biggest name to have contactless payment, so do others like Starbucks and Greggs.

Matsercard and Visa won't get into a battle as it's already shown that these contactless payment receivers have dual technology. The only time they will get into a fight is at sporting events. The Olympics only accepted Visa card payments, UEFA competition venues only accept Mastercard.

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I fully understand this is _your_ preference, which I respect.

However, it's the exactly line of thinking that Apple and everyone else that wants your money & personal data, is thrilled to hear.

In many markets like the USA there are a few basic often repeated techniques for selling. Fear based selling (drug companies) Fantasy selling, (new cars) and Convenience based selling (debit cards and now this).

There was a very large percentage of the US population that resisted debit cards for as long as they could. Sensible American's kept debit cards out of the USA for years after other countries had adopted them.

It was the uneducated masses that bought into the convenience, and finally created enough public acceptance for the financial sector to decide to move forward and issue them.

Yet few stopped to realize the moment your debit card number is transmitted to your bank the money is instantly sucked out of your account, with little to no recourse on your part.

At least with credit cards, you can easily contest a bogus charge, have some time to properly defend yourself, and if you've done your part, you don't lose the money. Debit cards are the exact opposite, your money is gone in a flash despite the warm and fuzzy dialog they told you and wrote in the TOS.

It was the masterful marketing that made it seem like an ATM was a money machine that would give you what you wanted, having earned it or not. And so on and so forth. Why are so many young people in debt these days?

Therefore if Apple does indeed implement fingerprint scanners, you will be carrying the one tracking device that even makes the police and federal authorities smile. It's their every dream come true.

What? You don't do anything that you have to worry about?

Think again.

What about in the case of mistaken identity? Yes, it happens no matter what system is in place.

In the case of the new Apple ID phone (known as the iPhone) you'll be behind bars faster than you can blink, only to find that the truth will be dealt with later, much later.

But hey, you enjoyed it while it lasted 😀



(DISCLAIMER: before the hate replies come, I am NOT trashing Apple, just the implementation of this technology that can easily be abused)

The thing is though you are still only allowed access to funds that you have. A debit card is not a credit card, unless you have an overdraft facility with your bank you can only spend what you have. If you have an overdraft then it is no different to being able to access your overdraft by an ATM.

If you want to play the NFC/Card vs Paper money game then lets not forget that if you get mugged you lose your money if it's paper and coins, also you can lose it down the back of the sofa. With NFC/Cards you can't lose it and if you are robbed of it you can get it back.

As for your argument with people getting into debt because of it? No, thats a problem society needs to sort out, both in North America and here in the UK where I live. People need to be taught money management in their upbringing, and at school, and payday loan companies and the likes need clamping down on so they can't exploit the vulnerable.

 

[Drunken Master]

Debit cards, credit cars, gift cards, loyalty cards. They add up. In my pockets I only carry the bare minimum of what I need and I still can't stand my wallet. It would be alot more convenient to just carry my phone.

And a form of ID.

 

[OrangeSVTguy]

But no Passbook for iPad. WTF!

That would be the funniest thing ever! lol 😀