Apple is 'Intransigent, Closed and Controlling' Say Banks (afr.com) 289
Apple is increasingly trying to get banks to implement its Apple Pay mobile payments solutions, but some banks are avoiding Cupertino giant's offer, saying that the company is "closed and controlling". From a report on Financial Review: Three of Australia's big four banks have described technology giant Apple as being "intransigent, closed and controlling" and accused it of attempting to freeload on their contactless payments infrastructure while slowing innovation in digital wallets. In an increasingly acrimonious dispute, Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Bendigo and Adelaide Bank are arguing that the engineering of Apple iPhones prevent them from delivering mobile wallets to millions of customers. This is because Apple Pay is the only application that works with the iPhone's "near field communication" (NFC) antenna, which communicates with payment terminals. In their latest, 137-page submission filed with the competition regulator, the banks argue that by locking them out, "Apple is seeking for itself the exclusive use of Australia's existing NFC terminal infrastructure for the making of integrated mobile payments using iOS devices. Yet, this infrastructure was built and paid for by Australian banks and merchants for the benefit of all Australians."
I hope Apple Pay will die (Score:5, Insightful)
We don't need yet another middle man charging yet another fee. And no, Apple Pay is not free for the end user. There is a hidden fee charged to the bank, which end up being charger to the merchant, which end up being charged to the consumers one way or another.
Re:I hope Apple Pay will die (Score:4, Informative)
Same with "rewards" programs, Airmiles, etc. That stuff isn't free either. Merchants get hit for it, and end up passing that on to everyone in the form of inflated prices. Seriously, how could they not? If a merchant's margin on something is 10% and paying for it with a cashback card takes 1% on top of the 1-3% already charged for using the credit card, of course the merchant's going to do something about that vanishing margin.
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I leverage this as a "vote with your wallet" factor; small local business I want to support? I'll pay with debit and lower their transaction fees. Chain store I didn't really want to shop at, but they already displaced the local supplier? Credit, and I get 1% back.
If you had a choice between "universe with `reward' programs" or "universe without," then you'd be paying for the rewards. When we're stuck in a universe that has them, and that has unified prices, well then no, everybody even cash customers are p
Re:I hope Apple Pay will die (Score:5, Informative)
Re:I hope Apple Pay will die (Score:5, Informative)
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Another feature of Apple Pay (and Google's version) is that you aren't tied to a bank, a credit card (VISA, MC, etc.).
I'm not following your thinking here. You still need either a credit or debit card to be able to use Apple Pay (and I'm assuming Android Pay as well). I'm no less tied to my bank than I was before. I'm less tied to a physical card, but that's hardly the same thing.
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Because after a while you are no longer thinking do they accept Mastercard, Visa, or Amex. You are thinking do they take apple pay. When you pull out your payment method, people aren't seeing the Credit logo, they are seeing an iPhone or Android variant. This is about mind share.
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Fair enough! I'm looking at this as a Canadian, where Interac (our debit payment system) has been ubiquitous my entire adult life- literally the only time I can't use it up here is with Square- so worrying about if they'll take a certain card* honestly feels absurd to me.
*Not everyone has an NFC-capable payment, though, and some of them are finicky enough that I have to pull the card out anyway.
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Apple Pay doesn't charge the merchants at all. It's the card issuers who pay Apple and they are will to do so because Apple Pay is much more secure than their own systems - chips and strips. It saves the banks money because it drastically reduces the fraud rate. So, no consumers are not paying for this.
The banks are not willing to do so. They do it because they are forced to do it. That's why Apple Pay is not available in most countries.
Banks do not want Apple Pay. Users want Apple Pay. Because they think it's cool. And it appears free (even if it's not). When one bank start accepting Apple Pay, users want to move to that bank. So other banks react by offering Apple Pay too. And all banks pay the fee. The fee is passed to the merchant, and in the end to the consumer.
In the end, everybody loose but Apple.
T
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Apple Pay doesn't charge the merchants at all. It's the card issuers who pay Apple and they are will to do so because Apple Pay is much more secure than their own systems - chips and strips. It saves the banks money because it drastically reduces the fraud rate. So, no consumers are not paying for this. Another feature of Apple Pay (and Google's version) is that you aren't tied to a bank, a credit card (VISA, MC, etc.). That's what the banks don't like. They want to own the relationship.
Apple Pay is, on the whole, no more secure than EMV NFC. At least not for a card present scenario. It's a little more secure for online purchases.
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Banks and credit card companies do not pay for fraud. They've set it up so the merchants pay for fraud. If you spot a fraudulent transaction on your card, request a chargeback, and the bank approves it, the merchant is out the money and the merchandise - they've paid for the fraud. The fees the banks and credit card companies collect pay for transaction costs, and for people who default on pay
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Re: I hope Apple Pay will die (Score:3)
It's 100% the other way around. Google store your full card details and full transaction details on their servers. All of it. All the time.
It's why they're happy to take a hit. The ongoing value of that data FAR exceeds any per-transaction fee.
Re: I hope Apple Pay will die (Score:2)
Re: I hope Apple Pay will die (Score:3)
And all the hypothetical scamster gets is a one time use token that they couldn't use.
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No, the fee Apple gets is part of the percentage that the payment processor charges.
Somehow I feel this will encourage the payment processor to increase the percentage from the original.
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FTFY.
Re: I hope Apple Pay will die (Score:4, Informative)
It's ironic that you're calling Apple a middle-man when it's actually Google who are inserting themselves as a financial intermediary (were you aware that Google have issued you a virtual credit card?) and knowing every single transaction detail, which of course suits their panopticon business model. There's a reason they're not charging you for that privilege.
Apple are acting as a payment communication medium, keeping no details of your transaction and yes, charging for the privilege. Whether it's worth it is in the eye of the beholder.
This might help explain the differences between the two systems:
http://www.investopedia.com/ar... [investopedia.com]
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Competition is good. But the competing products and services aren't always good.
Re:I hope Apple Pay will die (Score:4, Informative)
Another net positive for the consumer (IMHO, depends on who you ask), is that merchants can't track one-time payments for goods, because the payment info always change. This was the primary sticking point between walmart, et al, and the current crop of mobile wallets. They created MCX specifically so they would obtain mobile payments and still retain the data analytics that consumer spending gives these retailers.
Re:I hope Apple Pay will die (Score:4, Insightful)
Apple Pay is a net-positive value to the consumer, because the risk rates are lower.
My credit card already indemnifies me against fraud, so the risk is already negligible.
As a merchant, your processing charges are smaller with Apple Pay than with swipe or web form.
Really? The fees are better than Amex, worse than debit cards. IOW they're about in line with other credit cards.
Apple has innovated to create Apple Pay by making contactless payments simple to manage and administer
Contactless payments were already simple to manage and administer.
creating the platforms and hardware to use them (phone, watch)
Um, how is creating contactless payment hardware innovation when contactless payments were already very widespread.
Re:I hope Apple Pay will die (Score:5, Insightful)
My credit card already indemnifies me against fraud, so the risk is already negligible.
Apple Pay prevents fraud through its use of one-time codes, which is different from you being protected from fraud after the fact.
Contactless payments were already simple to manage and administer.
It's slightly more convenient (very slight, but you still notice when you have to pull out your card), and more secure, as I have to verify my identity either 1. through Touch ID as I hold the phone when making payment or 2. entering my Watch's passcode at the start of the day. I can't speak for the rest of the world, but in Canada debit contactless payments require a PIN every three transactions to reduce fraudulent charges from card theft and Apple Pay tied to a debit card does not, tacitly admitting that it's more secure.
Um, how is creating contactless payment hardware innovation when contactless payments were already very widespread.
Yeah, it's not really especially innovative. The ease-of-use and security factors plus Apple's shine, however, acted as a convenient way for consumers to apply some pressure to banks/merchants to update payment systems in the US.
Re:I hope Apple Pay will die (Score:5, Insightful)
I can't speak for the rest of the world, but in Canada debit contactless payments require a PIN every three transactions to reduce fraudulent charges from card theft and Apple Pay tied to a debit card does not, tacitly admitting that it's more secure.
I use contactless credit all the time and have never once ever had to enter a pin. I realize you said contactless *debit*; my wife does that but I never do, so i asked and she's NEVER had to enter a pin doing contactless *debit* either.
And Yes. In Canada.
Apple Pay tied to a debit card does not, tacitly admitting that it's more secure.
WTF? If you enable apple pay you are required to use an unlock or fingerprint to approve each transaction. So Applepay doesn't require a pincode because it requires a fingerprint scan or an unlock code.
It's slightly more convenient (very slight, but you still notice when you have to pull out your card)
As opposed to pulling out your phone? Which might occasionally have a dead battery. Or maybe its raining or frigid or sweltering and your fingerprint scanner won't read your finger; so you try that 3 times before giving up and entering the passcode....
Or maybe you have more than one card and you want to use a different card, so now you have futz around in settings to change which card to use.
Frankly I find my credit card much faster to use. I don't have to unlock it. I don't have do anything but tap and go. The smartphone payment systems are universally LESS convenient.
Yeah, it's not really especially innovative.
No its not. Its a good implementation. But its not innovative.
The ease-of-use and security factors plus Apple's shine, however, acted as a convenient way for consumers to apply some pressure to banks/merchants to update payment systems in the US.
While the refusal to allow the use of alternative (non-applepay) payment apps is anti-consumer/anti-competitive and should be stomped on.
Re:I hope Apple Pay will die (Score:4, Insightful)
And Yes. In Canada.
Totally willing to accept that I'm wrong on that (I was repeating what I've heard). I've never had a contactless debit (my card's getting old), so I jumped right from chip-and-pin to Apple Pay. So my bad.
As opposed to pulling out your phone?
I mentioned having a Watch, which is what I use. Pulling out a phone would arguably be easier than pulling out your wallet and then card, assuming you don have more than one contactless card (then you could just use your whole wallet. It's a minor convenience at best, but it's still a convenience.
Or maybe you have more than one card and you want to use a different card, so now you have futz around in settings to change which card to use.
On the Watch you literally just swipe to select the card you want. On the phone it acts like the Wallet app, with the default already selected. Any cards in the system have already been added beforehand, and the only reason to go into settings is to change the default card.
While the refusal to allow the use of alternative (non-applepay) payment apps is anti-consumer/anti-competitive and should be stomped on.
The thing is that I trust Apple to keep its secure enclave secure (and it's fair to argue that even that much is too much trust). I don't trust anybody else will. I'd love to see Apple open up the iPhone's NFC features, but at the same time I definitely don't want my payment information anywhere but the secure enclave. Hopefully a solution can be found.
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Apple Pay prevents fraud through its use of one-time codes, which is different from you being protected from fraud after the fact.
Not to me it's not. Either way I'm off the hook.
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Then clearly you've never been a victim of any kind of fraud.
It's a total pain in the ass to have to log into every single thing that does electronic billing, or every single place you've ever saved your credit card for convenience (Amazon, PayPal, etc.) and change it because some fuckhead tried to skim your card.
Skimming cannot happen with ApplePay, therefore the above simply could not happen, and I would not have lost several hours of my life to the inconvenience of payment card fraud.
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Um, how is creating contactless payment hardware innovation when contactless payments were already very widespread.
Oh no this is very innovative. It takes innovation to come up with something that is locked down to one service and needs to be negotiated and supported by banks.
Without this innovation all you're left with is something like Google Wallet which worked everywhere, even in Australia, even when it never launched in Australia, even after Google's attempts to block it in Australia.
THAT's innovation. A technology that works so well you lose control over it and it become part of the general and magically inter-ope
Re:I hope Apple Pay will die (Score:4, Informative)
1) You may be indemnified against fraud but it doesn't mean the banks or merchants are. Generally, merchants end up eating that fraud.
2) The reported fee for Apple Pay is about .15%, which is vastly lower than any credit card (or debit card) and banks are fine with it because the reduced fraud more than pays for it.
3) Contact-less payments already existed but were nowhere near as secure.
Re:I hope Apple Pay will die (Score:5, Informative)
My credit card already indemnifies me against fraud, so the risk is already negligible.
Your credit card company may indemnify you, but it doesn't prevent credit card fraud. Someone is going to pay for it. With Apple Pay, the merchant (or it's thieving store employee) never gets your credit card number, so they can't use it for fraud. If the merchant's hardware is hacked, they still can't get your credit card number or your money. Hackers who manage to somehow decode the communication between iPhone and card terminal can't get your money.
Re:I hope Apple Pay will die (Score:4, Insightful)
Except the USA, pretty much every one has moved out of the magnetic swipe payments. Apple Pay do not have enough benefit over regular chip+pin (which can also be contact-less) cards to justify yet another middle man.
And Apple Pay will never replace chip+pin cards simply because not everybody has an iPhone. Therefore the global payment system will always need to support payments method others than Apple Pay. A castle is as insecure as its weakest door. Apple Pay doesn't address the problem of the weak door at all, and therefore adds no added security to the global payment system.
It does have some privacy benefits. But go ahead and charge that 0.3% (or whatever) fee directly to the customer and see how much the average user cares about that. Why do you have to force that fee down the throat of those who do not want it?
Re: I hope Apple Pay will die (Score:5, Informative)
I'm sorry but that's just not true.
The two systems are vastly different in implementation. Google are acting as a financial intermediary for every transaction through use of a "virtual credit card" which is what is on your phone and what the vendors see (they never see your actual cards as they are only on Google'a servers). As a result, Google have access and knowledge of every detail of every transaction you make using their system. This aligns with their panopticon business model. By effectively acting as a middleman financial institution they don't need any agreement with banks etc. Every transaction you make actually becomes two 1. Google pays vendor, 2. Google charges your bank.
Apple are not doing this at all, instead they are securely storing your card details on the phone and communicating payment details to and from the vendor and your financial institution. Their system is designed so they don't store your card details nor know about your transactions. However this requires agreement with the financial institutions on the other end.
http://www.investopedia.com/ar... [investopedia.com]
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Why? You don't like competition?
No I think he wants it to die because he likes competition. As long as Apple has their own system they will not allow competition on the world's most widely used mobile platforms.
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Why? You don't like competition?
The issue here might be that the big 4 Australian banks really don't like competition. I live in a country whose banking is largely controlled by the same 4 banks.
My guess is Apple is used to taking the Lion's share of every transaction ,and the banks are too, so it's a squabble over who fleeces the consumer first.
Interestingly, I bank with the one not mentioned in the summary and I'm sure I saw an ad for Apple Pay when I used a cash machine the other day. I did not pay much attention because my iPhone i
Re: I hope Apple Pay will die (Score:3)
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Its a middleman that i not collecting data and on selling it to advertisers.
THAT is a large part of the bitching, the Banks get a secure payment, but they no longer get what it was for. This buggers up their marketing/selling of your info.
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Re:its difficult to dispute the position of Apple. (Score:5, Interesting)
1. Yes, although they as well as most reasonable people realize that smaller institutions and even many large institutions will leverage the software acumen of third parties.
2. Whoever is at fault.
3. Banks and their partner corporations have been developing software for the management of financial transaction far longer than Apple has existed. Software did exist before the iPhone ya' know.
"Whoever is a fault" (Score:2)
So Apple gets to play referee between a thousand crappy banks and a billion angry customers? And as a special bonus many of those customers are going to blame Apple whether it's their fault or not! All for 0% of the transaction fee? What a deal!
I can't imagine why Apple isn't signing up for that.
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I think it's more likely that banks feel threatened by Apple usurping their stranglehold on transaction processing.
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who or what will be liable for breeches in security?
Wouldn't it just be the bank who wrote the app? Seems obvious/simple. If the paypal app results in a loss of cash you blame paypal who wrote the app.
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I can't answer the first two, but
3. what if any qualifications does a banking institution have that define it as a cogent source for software? Apple has been developing quality hardware and software for a generation now.
Banks have been developing banking software for a long time. Apple has not. That's not to say their software development skills couldn't be transferred successfully, but for the moment I'd place higher trust in banks who understand quite well what the financial implications of poor security are.
FWIW I think a handful of systems is better than 4000, and is also better than 1 or 2. I like for instance that the US has a few credit card processors; enough to gain the benefits
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what if any qualifications does a banking institution have that define it as a cogent source for software?
Seriously? You obviously haven't worked for any financial institutions, they employ lots of techies to run their computer systems. They are plenty capable of writing quality software.
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If the banks are so egalitarian, why don't they simply support Apple Pay on the iPhone, but also work on supporting Android Pay, as well as Microsoft Wallet on as many phones as they can? Since customers who have iPhones automatically have Apple Pay, but those who have Androids or Lumias, the banks can work to ensure that their cards work w/ those as well
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1. No. But they believe that mobile pay systems should not be restricted and a negotiated contract between device manufacturers. Google Wallet worked for many years on contactless terminals in Australia. To us the fucked up implementation being pushed by Apple partnering with specific banks was just mindbogglingly stupid. But then the entire US banking system has us scratching our heads too.
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2. who or what will be liable for breeches in security?
As long as you wear your safety pants, the beach is secure.
Banks Like Money (Score:5, Interesting)
>Yet, this infrastructure was built and paid for by Australian banks and merchants for the benefit of all Australians."
Bullshit. The infrastructure was paid for by merchants buying the equipment.
Banks have shown themselves incapable of passing on the reduced costs of electronic transactions to consumers and incapable of deploying secure payment schemes. This particular scuffle is everything to do with banks wanting to keep all the 2-5% transactions fees rather than share it with a phone vendor who has developed moderately secure payment hardware that is in the hands of millions of people.
Re:Banks Hate (lack of) Control (Score:2, Informative)
Agree. I like this quote:
> This is because Apple Pay is the only application that works with the iPhone's "near field communication" (NFC) antenna, which communicates with payment terminals
If I use NFC for payment related things I don't want another app touching it either. Apple alone does better with security than relying on the bank's developers, the independent app's developers, the terminal manufacturer, and the phone manufacturer (whether Apple or someone else) to all work together. This is why (
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Exactly. Keep in mind that these are the same Australian banks who recently asked to collude with one another [macrumors.com] in their negotiations with Apple over Apple Pay. They wanted a bigger cut and asked for permission to engage in otherwise illegal tactics in order to get it.
Thankfully, they were denied that permission [macrumors.com] by regulators last month, so it's unsurprising that in the weeks immediately following the government's refusal to let them collude we'd see them grasping at straws. Sure enough, here we are a few wee
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Bullshit. The infrastructure was paid for by merchants buying the equipment.
Err not in Australia. The system is more like mobile phone contracts. The cost is rolled in there hidden somewhere but there's no opt out or opt in or even much variance. Merchant's didn't upgrade. They were sent new terminals by banks and the fees didn't change during the transition. It was a cost absorbed by the banking sector.
NFC Used Elsewhere (Score:2, Insightful)
the exclusive use of Australia's existing NFC terminal infrastructure
- Samsung Pay.
- Google Pay.
- NFC enabled credit cards.
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the exclusive use of Australia's existing NFC terminal infrastructure on IOS devices
- Samsung Pay.
- Google Pay.
- NFC enabled credit cards.
Fixed that for you.
Sounds just like Samsung and ISIS. (Score:2)
I note that nowadays, ISIS refers to something else. I wonder what ever happened to Samsung's ISIS?
Re:Sounds just like Samsung and ISIS. (Score:4, Funny)
I wonder what ever happened to Samsung's ISIS?
I'm guessing an explosion was involved.
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It probably became Samsung Pay, which happens to work exceptionally well. Of course, if you root the phone it won't work as the system presumes that a compromised OS may have compromised the secure transaction chain. But in general it works better than anything out there because it works with the old-fashioned swipe terminals - no NFC needed (though it can work with those to, I believe).
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ISIS payments became Softcard [pcworld.com] at the end of 2014, which was then purchased by Google and pretty much became Android Pay. It originally started as a partnership between mobile carriers.
Mod this guy up, please? (Score:2)
Intransigent (Score:3)
intransigent
intransjnt,intranzjnt/
adjective
1.
unwilling or refusing to change one's views or to agree about something.
synonyms: uncompromising, inflexible, unbending, unyielding, diehard, unshakable, unwavering, resolute, rigid, unaccommodating, uncooperative, stubborn, obstinate, obdurate, pigheaded, single-minded, iron-willed, stiff-necked
"the regime remained intransigent in its opposition to wider participation in the political process"
noun
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intransigent
intransjnt,intranzjnt/
adjective
1.
unwilling or refusing to change one's views or to agree about something.
synonyms: uncompromising, inflexible, unbending, unyielding, diehard, unshakable, unwavering, resolute, rigid, unaccommodating, uncooperative, stubborn, obstinate, obdurate, pigheaded, single-minded, iron-willed, stiff-necked
"the regime remained intransigent in its opposition to wider participation in the political process"
noun
Sounds they could put the Apple logo in the dictionary under intrasigent. It fits them on both their positive and negative sides.
Switch to Windows! (Score:3, Funny)
If they are tired of closed systems, they should just switch to Windows. It's "the most open platform there is"! https://tech.slashdot.org/stor... [slashdot.org]
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good! (Score:2)
Banks are finally meeting their match in Apple.
If we're really lucky, there will be so much infighting between the two that both Apple and banks will become irrelevant for payment processing.
Talk about having big Cojones (Score:3)
It takes a very special kind of vanity for a bank to accuse ANYONE else of being intransigent, closed and controlling. But then, it takes one to know one!
To Australian banks (Score:2)
"Duh." (Score:2)
Says anyone who has been an Apple customer.
CurrentC to the rescue (Score:2)
Really? (Score:2)
"Apple is 'Intransigent, Closed and Controlling' Say Banks "
Then Apple is just like my bank.
Good (Score:2)
I pay almost everything in cash here (where I live, it' still a cash-world, thank god, with almost no limit on the amount you can pay cash) and Apple Pay has only recently been introduced anyway - but if I would use Apple Pay, I'd be thankful that random apps can't access the secure enclave and access that payment data.
"Innovation in digital wallets" (Score:2)
Not the other Aussie bank (Score:2)
ANZ already had NFC payments on their Android app.
They have now just announced support for Apple Pay too
Apple is no more intransigent than YOU. (Score:2)
"Apple is seeking for itself the exclusive use of Australia's existing NFC terminal infrastructure for the making of integrated mobile payments using iOS devices. Yet, this infrastructure was built and paid for by Australian banks and merchants for the benefit of all Australians."
Let's just parse this a bit more closely, and see what it boils down to: "Apple is seeking ... exclusive use of ... integrated mobile payments using iOS devices."
Whoops. What was that? Apple wants to profit from the hardware and software that they themselves developed? Huh.
Now, the banks' real point: "... this infrastructure [that is, the existing NFC terminals] was built and paid for by Australian banks and merchants for the benefit of all Australians." Oh. So the truth of the matter is, you want to re
Apple is beating banks. (Score:2)
Apple is beating banks to the same fees they charge merchants down the food chain.
The banks like their position calling the shots taking little risk and collecting huge fees,
now they are a little whiney because Apple is horning in on their corn!
We need more legislation to protect the banks interests and keep the bad apple from raising the stakes and costing consumers more in fees.....
Coming in 3 - 2 - 1
Re:Apple is beating banks. (Score:4, Insightful)
Banks charge those fees because they control the industry, it would cost us a lot more if the fee schedule was not proscribed by law.
Now because Apple wants their cut of the action banks are scrambling to protect their gravy train.
The banks want to make sure anything Apple gets is on top of what they charge.
They do not want to pay apple out of their share.
intransigent, closed and controlling (Score:3)
Three of Australia's big four banks have described technology giant Apple as being "intransigent, closed and controlling"
Basically the banks don't like competition to their business model?
..and banks aren't? (Score:3)
Apple and the banks deserve each other.. Those three adjectives apply to both.
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News to me, what other iPhone apps use NFC?
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Re-read your post. this quote emphasis mine:
Apple is seeking for itself the exclusive use of Australia's existing NFC terminal infrastructure for the making of integrated mobile payments using iOS devices.
Basically Apple won't let other payment providers create their own apps for mobile payments and wants free use of the infrastructure on IOS devices.
Re:shit post (Score:5, Insightful)
The NFC terminals were paid for by the merchants. The terminals support several payment schemes.
It is in my interests as a person who pays for things and as a merchant who pays for and uses payment terminals that IPhone based NFC payments remain as secure as possible and letting thousands of different banks mess with it with thousands of different applications is counterproductive.
Look beneath the surface and you will see that this is about grabbing a larger share of the merchant's fee.
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But it is not likely that thousands of different banks would mess with it. The more likely scenario is that the thousands of different banks would work with a handful of providers of software which would provide custom skinned but still the same underneath applications. The users of the iPhone should get to choose their provider.
You are right though, it is about (Apple) grabbing (or keeping) a larger share of the merchant's fee. They tried to do the same thing in the ebook market, and ended up out $400M for
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Look beneath the surface and you will see that this is about grabbing a larger share of the merchant's fee.
Indeed. This appears to be an Australian issue only, because they have only a few banks that collude and fix the prices of transactions. Apple is cutting into their precious monopoly. While I'm in the US and am unlikely to visit Australia anytime soon, it's my opinion that these banks can EABOD.
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So what? Terminals can be bulletproof, but you still need software to talk to those terminals, and that's where the problem usually lies. ApplePay wouldn't prevent any of those security problems at all.
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The only one i know of is Walgreen's drug store, which uses it for loyalty card.
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Yep.
Apple won't let any app use the NFC for payment.
Like they won't let any web browser app use anything but their web controls (Chrome on iPad/iPhone? Yeah, that's not Chrome. It's a UIWebView. The only other allowed alternative is a WKWebView control.
And these people are only just realising that Apple are closed and controlling?
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They are banks. They probably are unaware of the kind of activities bears get up to in woods.
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No, it does have NFC... you and I just can't use it for things like tap to pair, sending a contact, etc.
It's currently (still) locked down for Apple's exclusive use (ie Apple Pay).
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Apple's refusal to allow another service to use NFC for payments reminds me of something sci-fi author Jerry Pournelle once said of the iPhone: Paraphrasing "Everything the iPhone is designed to do, it does flawlessly. It's just that anything else is utterly impossible."
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Got me. I actually went to check and see if their was a "LinuxPay".
MeeGo exclusive (Score:2)
Sorry, LinuxPay is currently only available on MeeGo phones.
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Apple tore down the walls of its own garden a few YEARS ago, when they started allowing full-blown Sideloading of any ol' iOS App the User wanted.
They did? I can just go to an alternate app store and download an app to my phone and run it? I mean, I can do that on my Note 5, nothing else needed! So iOS now allows that, too?
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So we should just ignore the rules of the store (though shall not compete with any of our apps/services)? Or the fact that to develop for their platform, you need to already buy into their platform? Ex: You can use a Linux box to build a Windows, MacOS or Linux app pretty easily, and per all of the rules, however if you attempt to do something like... build a Xama
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Believe it or not... some people (most I imagine) can criticize something without resorting to 'hate'.
You unfortunately seem to have so much ingrained hate that you project your own animosity onto others.
Please get help.
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This consumer does not want my phone (oh wait! It's not even my friggin phone) handling any financial transactions.
So especially because it is not my phone I am not going to give it access to my financial anything.
That is what credit cards are for.......
It should be my phone I paid all the taxes on it, I pay for the service it runs on, but it's not my phone.
I cant even get rid of the stupid high volume nanny, I damn sure am not going to give it access to my financials.
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The banks where you are may be only moving to contactless payments now but in Canada we've had them for many years now (at least 5, probably more). We've have chip and PIN for even longer. The banking system in every country/region is different.