Man those people are really starting to stifle innovation and really pissing off the consumer who’s life they are makingLESS convenient
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Upcoming iOS Update Will Allow iPhones to Accept Credit Cards Directly Using NFC
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Ugh, I mean you'll get dick-pics on the subway no problem, but having a simple pop up that will suggest exchanging contact info between two iPhones that are in close proximity, nooo — who would ever benefit from that?
This will be very useful. Maybe we could see it in action at WWDC.
That would be nice but 2 out of 3 of my chip cards have been failing lately. Have to resort to swipes half the time, I for one am glad that there’s a fallback option.
Well, what if you have to actually activate it by double click of the power button like you have to to bring up the NFC payment/wallet. I don’t foresee apple just allowing it to happen completely passively. FaceID/TouchID to send/receive a payment. Or allow it to work for 15 minutes in a specific send/receive state etc
Oh I hope this works. And doesn’t get squashed by regulators wanting a piece of the pie.
Gotta pay off that $100 Million purchase somehow!
Dont square and sripw at al also offer other parts in the chain, ie POS apps etc, or are their only source of revenue the card readers and transaction fees? incudently willthiis be us onlyirwill this be glibak
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I've participated in art shows selling some of my stuff, and I've used PayPal's reader for transactions. Apple's version would be a lot more convenient, plus it would eliminate the middleman (in my case, PayPal). The only problem might be that the iPhone doesn't have a stripe reader; it's NFC only. Most people in my area don't have cards with NFC built in, but I suspect that will gradually change.
I absolutely doubt Apple would implement this without being authenticated by both parties.
That said, I don’t know where you’re based but all over Europe we can pay up to 50€ by tapping a card. Nothing else. We have been able to for years and years. And there has been no uptick in related crimes, over the normal pick pocket type incidents.
Your point is well taken, but I have to ask: bread every day? Do you demand the freshest possible bread? Or do you just eat alot of bread?
Sure thing, but does everyone have a card reader in their pocket? Tapping your card on a card reader in a shop is not the same thing as a random stranger or mugger tapping their card reader on your card. But I selectively quoted your post and agree that Apple will surely have to implement authentication of some kind.
Jack Dorsey, like Mark Zuckerberg, rebranded his company. Square in now called Block Inc, but still trades under the symbol SQ.
How does this eliminate carrying cards if the whole feature is around accepting payments from cards? Anyone accepting payments aren’t using cards, they’re using cash registers with credit card terminals attached
Samsung doesn't even use it anymore, so I don't see why Apple would.
Samsung stopped adding MST to new phones last year.
Federal regulators will have fun with this one.
Anyone thinking these transactions would be anonymous are fooling themselves.
Just like Square, PayPal, Venmo, etc., all of the transactions are are recorded and required to be retained for 7 years for auditing purposes. Paying in cash is the only way to have an anonymous transaction.
Even Bitcoin has an audit trail in the blockchain ledger.
Anyone thinking these transactions would be anonymous are fooling themselves.
Just like Square, PayPal, Venmo, etc., all of the transactions are are recorded and required to be retained for 7 years for auditing purposes. Paying in cash is the only way to have an anonymous transaction.
Even Bitcoin has an audit trail in the blockchain ledger.
Another piece from the Samsung tech scraps bin, that Apple will benefit from. Next piece of tech, the foldable display. Nothing says innovation, like doing what your competition did years ago. Lol
iPhones will soon accept card payments with tech perfected by Samsung
A mobile payments technology that Samsung helped perfect will soon be coming to the iPhones, allowing them to accept card payments without extra hardware.
www.sammobile.com
Great stuff. But let's get one thing straight here: This is not hardware-free. It runs on an iPhone.
That makes zero sense. Off course Apple wants you to upgrade to the latest and greatest.
Wow I didn’t know that. TIL.
I wouldn’t expect Apple to add it anyways given it’s backwards-looking technology, but it saved my butt once when I had a Galaxy phone and accidentally forgot my wallet at home 25 minutes away and needed to pay for parking to get to an event that started in less than 10 minutes.
