So now when my buddies owe me money and they say they don’t have cash on them, I can say “that’s okay I accept debit and credit as well!” What a time to be alive! ?
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Upcoming iOS Update Will Allow iPhones to Accept Credit Cards Directly Using NFC
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Great observation; I bet that’s why we’re getting new iPads this year.
What would be the point of user input?
Just tap the card and then enter your information and sign and...
"can't I just swipe?"
Tap your iPhone against their pockets.
Steeling money via the NFC is already a thing and has been for a while. It's why they sell those signal blocking wallets for people who live in cities.
This will be fantastic when it arrives. I’m thinking this will be an iOS 16 feature.
Yes it will. I will like that option a lot and nothing is attached to your iPhone.
Ugh, our political reps can just start tapping people's butts with their phones and use the excuse that they're just trying to steal money
i have a hard time believing they’d open this up for all regular users and credit cards for just this reason. Maybe for Apple Pay on both ends, but for non-interactive cards I would expect it to be limited to actual point of sale apps with all the appropriate PCI compliance, inventory tracking and the myriad other stuff that apps like Square handle
The 1st iPhone in 2007 was only 2G when 3G was already available... 3G was available in 2008... Then 4G/LTE in 2012... The first OLED iPhone was X in 2017... Apple has always been a late adopter...
It is NEVER "just" an API thing with Apple. If there is money to be scraped, they will do so.
Such a negative view.
I think this is incredibly efficient and best way to implement payment to self-employed or very small business owners.
I have iphone.
You have credit card.
Here is invoice due shown in app.
you present credit card, make payment.
1 and done.
Now go to Apple store. Make a payment with ApplePay on-site or via your physical credit card. Done.
no more bulky iPhone add-on.
no more Square bulk weird adapter add-on.
Back when the iPhone 3GS debut, I envisioned Apple to stop using third party Moneris type payment terminals - because they forced users to go to a lineup at the front desk - the same desk where Apple Genius' would work and ask questions for other customers. I submitted this directly via email and also through Apple Suggesions/Feedback multiple times (I'd say close to 40 in 15 days). iPhone 4 debut and I started noticing Apple stores had a chunky add on for direct debit and credit card payments. Allowing sales reps to be mobile and ALL reps essentially potentially sales reps to complete transactions. This also allowed those employees/reps with visual or hearing impairments not longer to be recognized as having a disadvantage or limitation for having an impairment. They've been enabled due to the iPhone being the main interface that can continually be updated/adapted not a hardware limitation - like that of BlackBerry based phones eons ago.
Now ... I see this is one less major expense for ALL apple store retail reps to have fitted. And more just Apple. Customers SEE the brand directly on the device un-adulterated.
Apple is learning from the competition and partners. Square serves best in a retail setting like your dispensary store, liquor store or small shoes store.
How will this work for small business owners that need to give a receipt to customers asking for them? This would be awesome but I think this might be just for personal use, like when a friend prefers to pay you with his credit card or ATM that's not set up to use Apple Pay on his phone.
There has to be a way to draft a digital receipt somehow from the small business owner. They could create their own proprietary receipt or draft from a coded template that can be sent digitally once the transaction is completed. Kind of like an auto-fill document date stamping the time, reason for transaction, etc. If anything, I’m confident a developer probably could create an app where it can be used coincided with the payment confirmation.
Awesome feature! Poor old Square and Stripe. Apple's just about to do to them what they did to Tile who were sold just before xmas.
Banks charge a lot of money for those NFC payment terminals you see in shops and, at least in my home country, charge extra commission for offering customers contactless.
No doubt the politicians will be the guns for hire to try and stop or hinder Apple here.
Banks charge a lot of money for those NFC payment terminals you see in shops and, at least in my home country, charge extra commission for offering customers contactless.
No doubt the politicians will be the guns for hire to try and stop or hinder Apple here.
The implications of such a feature would be more profound than it’s apparent simplicity. Expect a backlash against the release of such a feature by the dominant financial institutions who would no doubt see this as yet another incremental step towards collective financial independence away from the parasitic middle-man role these institutions play and rely on playing within our economy.
The ability for humans to transfer wealth between each other instantly, without fees or limitations is a reality these banks & institutions would never want to see come to fruition, not without their overbearing governance anyway.
The ability for humans to transfer wealth between each other instantly, without fees or limitations is a reality these banks & institutions would never want to see come to fruition, not without their overbearing governance anyway.
It’s Apple. They introduce features only when they are comfortable with how it will work in their ecosystem…even if that means doing so years after other companies have done it.
If other providers don’t get access to this there will be worldwide regulatory scrutiny. My bet is that they (ultimately) will. However Apple may also try to get a little bit of others’ fees.
