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havaloc 4 hours ago [-]
I get why the banks are not happy, but I can tell them that I am not going to use Chase Wallet, Bank of America Wallet, Citi Wallet...just pay the fee and be thankful for the reduced payment friction, which they invariably make money from. PS: Nobody is going to use Paze (yet another half baked wallet), other than to collect the free $10 to sign up for it.
Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).
syvolt 3 hours ago [-]
Or Apple Pay can just be like Google Wallet is on Android? The alternative is not multiple apps.
shreddit 3 hours ago [-]
There is already apple wallet where i can put any of my banking cards…
ValentineC 29 minutes ago [-]
Not "any". The bank themselves need to partner with Apple Pay and presumably pay Apple the percentage cut from the article.
kelvinjps10 3 hours ago [-]
I have used both but I dont know the difference
juiceland 3 hours ago [-]
How does it work on Google Wallet?
sgerenser 2 hours ago [-]
Article says Google wallet works just like Apple Pay, except they don’t charge a 0.15% fee.
ericmay 29 minutes ago [-]
Why shouldn’t Apple be able to make money for the service they created?
add-sub-mul-div 2 hours ago [-]
Another alternative (in the US, at least) is tapping a piece of plastic instead of your phone and not inviting any of the tech giants into your transactions at all. What an unforced error, to shovel more of your data at them needlessly.
jasode 2 hours ago [-]
> is tapping a piece of plastic instead of your phone and not inviting any of the tech giants into your transactions at all.
Apple doesn't see individual transactions when Apple Pay is used at retail stores' tap-to-pay terminals. The secret card payment token is sent from the phone to the credit-card's issuing bank and bypasses Apple servers. In this way, using Apple Pay is more secure and private than plastic cards because the real card number details remains hidden from the merchant.
The iPhone does contact Apple servers to add a new card to the digital wallet. Apple servers then contacts the issuing bank to get the secret token the bank generates and then puts it in the digital wallet. Conceivably, the "add a new card to digital wallet" could also have been done without Apple in the middle but it would require a much more convoluted, less secure, and more user-hostile workflow to do it. (e.g. the end user would have to know what bank endpoint to contact, manually enter the long and cryptic digits of the secret token, or maybe scan a QR code on a computer screen that's vulnerable to interception and phishing.)
MBCook 1 hours ago [-]
All EMV transactions (including Apple Pay in a tap to pay scenario) don’t give the retailer the full card number.
cosmic_cheese 2 hours ago [-]
Importantly, this provides a degree of protection from compromised PoS terminals. Ever since I switched to nearly exclusively using Apple Pay for physical shopping I’ve had no unauthorized charges, whereas back when I was still tapping, inserting, or swiping my card I’d need to call and get a card or two replaced almost every year.
ValentineC 28 minutes ago [-]
> Ever since I switched to nearly exclusively using Apple Pay for physical shopping I’ve had no unauthorized charges
BIN attacks [1] are still a thing. Your banks are probably just better at blocking them.
I’m not super familiar with the implementation details but wouldn’t inserting not be as safe since there’s a physical connection?
With tapping I could see how that is more secure but if they’re still providing the card details versus the secure token or something well… maybe it’s not?
notpushkin 1 minutes ago [-]
Inserting and tapping is mostly the same process, apart from the physical layer of the protocol (NFC vs interfacing the chip directly).
Unless there’s a hidden magnetic reader in the chip-reading portion of the terminal, in which case the scammers could read like 1/3 of the magstripe data? Which doesn’t seem that useful tbh.
mrpippy 58 minutes ago [-]
Or (common in the US) handing your card to a restaurant waiter who walks off with it to do the charge
bdangubic 2 hours ago [-]
don’t be silly, apple displays me exact amount on the screen, in plain fucking text, after each transaction - that’s crazy you wrote this
deltaknight 1 hours ago [-]
This information comes from the card issuer directly, after the transaction has completed. It usually requires the mobile banking app to be installed.
The wallet app has a way to get the information, but it’s not from the tap itself. The tap interaction is not able to provide this information back to the phone (because the transaction auth happens long after the tap interaction completes).
Taps are designed to work with fully offline devices (which is why you can tap a plastic card, it is powered by the card terminal for the duration of the tap only, and requires no online interaction)
tekla 2 hours ago [-]
Man, its amazing how confident you are about this, considering I know individual people who independently work at Visa, Mastercard, AND Apple, who have worked on mobile payments who independently confirm that none of them know any personal info and that its all pass-through.
So, are you sure you know what you are talking about?
ssl-3 60 minutes ago [-]
This kind of appeal to authority [believe me because I say so!] doesn't really add much information, does it?
The report, above, is that previous transactions are visible within Apple's payment app. Apple agrees[1]. I'm willing to accept that this observation is based on reality and that it is reported in good faith.
Meanwhile, the suggestion is that Apple has no knowledge of transaction history.
Is there a way in which these two seemingly-conflicting concepts can be constructively combined into an understandable whole?
(For my part, I've never used Apple Pay and it's possible that I never will. I do not have a dog in this race.)
epistasis 47 minutes ago [-]
This is baffling, there's all sorts of information on my phone that Apple has zero knowledge of, why would the transactions be different?
Do you think Apple has complete copies of everything? I don't understand where this supposed contradiction is supposed to exist, unless you think that Apple has complete knowledge of all phone contents, which would require complete ignorance of the entire platform.
ssl-3 19 minutes ago [-]
> This is baffling, there's all sorts of information on my phone that Apple has zero knowledge of, why would the transactions be different?
It's kind of unique. It involves finances, and reporting transactions, and it involves their app with their branding that runs on hardware that they unilaterally control. They apparently even take cut from the middle of each of these transaction.
If Apple does all of this with zero knowledge, then I am willing to accept accept that...
> Do you think Apple has complete copies of everything? I don't understand where this supposed contradiction is supposed to exist, unless you think that Apple has complete knowledge of all phone contents, which would require complete ignorance of the entire platform.
...but I'll only accept it if the functional operation can be explained.
This kind of non-explanatory browbeating doesn't further my understanding of anything at all. I have never endeavored to undertake a faith-based approach to understanding technology, and I'm certainly not going to begin doing so today.
Elfener 2 hours ago [-]
That is much better, but you're still paying visa/mastercard some percentage fee for a service which should be provided by e.g. the central bank.
expedition32 21 minutes ago [-]
Banks in the Netherlands used to have their own system for 30 years. It was free. It worked.
But it was too much work and didn't make the banks money so now we are also left to the American Visa parasite.
MBCook 1 hours ago [-]
Yeah. But this is the US. This is all we’ve got. Having the central bank do it would be communism, and that’s bad. I learned about it from Saturday morning cartoons.
AnthonyMouse 37 minutes ago [-]
Ironically it's the central bank (and associated regulations) that cause these intermediaries to exist to begin with.
A protocol to support decentralized payments is a hobby project for an individual. You give each institution an identifier (e.g. their domain name) and each institution gives each customer an account number. If you're account 123 at Chase then you sign in as #123@chase.com, tell Chase you want to send $5 to #456@bankofamerica.com, they send the money and Bank of America tells their customer they have a new deposit. If you want to collect money from someone, you tell your bank to send their bank a payment request and they can either approve it manually (e.g. so you can deliver the goods for a one-time purchase) or configure some rules for which accounts get approved automatically up to some threshold amount (e.g. for recurring payments). Also no reason for banks in different countries not to all support the same protocol.
That doesn't require a central bank or any centralized third party payments intermediary. All it requires is for banks to know how to send money to other banks, which they obviously already do and the specific implementation of that isn't even relevant to the customer-facing payments protocol. So how does this not exist? It can't be that no one wants it, so it's got to be that someone (e.g. Visa/MasterCard) doesn't want it.
fragmede 26 minutes ago [-]
The banks all got together and created Zelle, so it exists. No Visa/Mastercard conspiracy needed.
AnthonyMouse 11 minutes ago [-]
Zelle is an app rather than a protocol, which is why e.g. PoS terminals and web checkouts don't support it.
bdangubic 2 hours ago [-]
yea, feels like tech giants do not have access to this already? they know where you are and what you do every second of every day, keeping away from ( while they know I was a target ) what was the amount on my receipt is really giving it to them :)
radialstub 2 hours ago [-]
This is the government's problem. I tend to be on the side of less government, but it is so obvious that payment facilitation should be a service provided by the government. The government is just allowing corporations to collect rents, because they are lazy and incompetent.
AnthonyMouse 27 minutes ago [-]
This is fundamentally looking at it the wrong way.
Why do we need my bank to send money to your bank via Visa or the Federal Reserve or any such thing, instead of having my bank send money directly to your bank? All they need to do is both support the same openly specified protocol for transferring money.
bnjms 1 hours ago [-]
They’re more like taxes than rents. It’s a constant cost applied to all goods because of the ubiquity of use means we pay with or without playing the credit card/payments game.
guywithahat 2 hours ago [-]
It's not a government problem, it's a competition problem. Fundamentally 1-3% is actually a very competitive rate for organizing the easy transfer of money and handling fraud. Merchants would rather the cost be free, and banks may want a larger slice of the pie, but until someone comes up with a better way of paying money for both sides this is the best we have. If government got involved all that could happen is fees would increase and then we'd miss out on future efficiency improvements and savings.
stevesimmons 1 hours ago [-]
> Fundamentally 1-3% is actually a very competitive rate for organizing the easy transfer of money and handling fraud
This is a very US-centric take. In the UK, EU and Australia, interchange rates are capped at more like 0.2/0.3%.
gruez 1 hours ago [-]
That actually proves the point, because a market left to itself arrives at 2-3%, and it only goes lower if the government is dictating a rate.
Flimm 20 minutes ago [-]
What you are missing is that a market left to itself is not necessarily competitive when monopolies/duopolies form.
MBCook 1 hours ago [-]
0% because it’s a service that’s so obviously should be provided by the government is better.
MBCook 1 hours ago [-]
Remember CurrenC? The thing a bunch of them tried to make that failed horribly during test with no consumers liking it? If I remember a description it involved using an app where you had to scan a QR code, and then the point of sale terminal had to scan a QR code on your phone or something like that.
It was all so hilariously badly designed compared to tap and pay.
wmf 4 hours ago [-]
A possible compromise is to allow Apple Pay to be a monopoly as long as it doesn't charge any fees.
braiamp 2 hours ago [-]
How about I do you one better compromise: create a payment network that don't rely on private institutions rent seeking behavior, like Pix in Brazil.
Despegar 3 hours ago [-]
Now do developers.
I don't really care about any of Apple's business partners being upset about their business terms with Apple. Developers want a bigger cut, banks want a bigger cut, Foxconn wants a bigger cut.
My interests as an Apple user are aligned with Apple. But even if I wasn't an Apple user, market forces determine what the "fair" cut is for everyone.
caycep 4 hours ago [-]
granted i am a bit of schadenfreude at the thought of poor poor megabanks having to pay....fees...
otterley 4 hours ago [-]
Ultimately it comes out of their customers’ wallets.
dijit 2 hours ago [-]
Probably, but there is an upper limit on what people will be able to tolerate, everyone is aware of it and capitalism is trying to make products that meet it.
So, it’s not unlimited cost here.
The fact right now is that handling cash is more expensive than handling card- even with the fees, which is why Sweden, Estonia etc; are essentially cash-free countries.
At some point the fee’s will make you break-even I guess?
wasm777 4 hours ago [-]
n
grafmax 1 hours ago [-]
Another argument for turning finance into a public utility. Instead we have different factions of rentier capital competing for who gets to parasitize us.
gruez 1 hours ago [-]
>Another argument for turning finance into a public utility
There already is a public option in the US, FedNow. In EU there's SEPA instant.
grafmax 1 hours ago [-]
Not quite. FedNow is public payment infrastructure for institutions. Apple Pay is consumer-facing.
HotGarbage 3 hours ago [-]
I would use my non-profit credit union Wallet if it meant less fees on their end.
kotaKat 4 hours ago [-]
Walmart only relented because they finally broke through the final missing link of the contactless issue. They got customers conned into giving their phone numbers at checkout, just like it's the grocery store.
Cards get linked to accounts automatically behind the scenes based on first6/last4 card number tracking, then everyone else self-selects to punch their phone number on the screen.
Same reason Walmart Radio is such gruesome auditory cancer, it's part of the data collection and advertising vehicle.
havaloc 4 hours ago [-]
That could be part of the reason, but also I think insisting on chip all this time just really slows down a store that doesn't really spend on cashiering all that much. Tap to pay can shave off a few seconds on every transaction (ever been behind someone in the store who finally pulls out their wallet, finds the business end of their card, inserts it, waits 20 seconds...).
Millions of transactions a day, over thousands of stores, it can make a huge difference in time saved.
AnthonyMouse 15 minutes ago [-]
> Tap to pay can shave off a few seconds on every transaction
I don't really get how this can be possible. A person can definitely get their card out of their wallet in less time than it takes the cashier to finish scanning their items.
Obviously if the customer is confused then it can take arbitrarily long, but how is a phone less confusing than a card? People don't get to the register only to realize that their card's battery is run down or it's the first time they've used a phone for payments and then they want to stand there for 15 minutes in front of you trying to set it up.
massysett 2 hours ago [-]
This is even worse now that tap to pay has proliferated. Customers who are not Walmart regulars (and some that are) will wave their credit card, phone, or watch over the terminal and wonder why it’s not working.
Cashier must explain: No tap. Best case is the customer shrugs and inserts card. Bad case is the customer is confused or argues about it. Horrible case is that the customer must fish through his belongings for a credit card or cash and takes minutes to realize he has neither.
I guess Walmart figured that these scenes repeating daily was not worth whatever its strategy was.
freehorse 42 minutes ago [-]
> Apple has changed its policies since the lawsuit was filed. As of iOS 18.1, developers are able to offer NFC contactless payments in their apps.
The lawsuit was files in 2022, and apple opened access to the NFC chip in 2024 (iOS 18.1). Searching I could find alternative wallet apps that offer contactless payments, but only in EEA, eg [0, 1, 2]. It is supposed to be accessible in the US, but I am not sure why there are no apps there, unless I have missed them.
IANAL but if access to NFC is open since 2024 and (assumingly) the amount banks etc pay for apple pay has not really decreased, wouldn't that mean that their main argument is not really substantive?
It is estimated Apple Pay does anywhere between $5T to $10T transaction per year. That is everything from Credit Card to Debit Card. If we average out at 0.1% per transaction over $5T, that is $5B per year.
The transaction itself doesn't touch any Apple severs. In case anyone is wondering if there is an operational cost. There is a set up cost though with the initial verification and sometimes Apple do charge a one time fee per card set up.
There is a privacy angle with using Apple Pay. But I am unsure how much info banks and network is not getting because of it.
MBCook 1 hours ago [-]
Retailers may get less than using their own app, but I agree I don’t really see how it affects the processors or the banks.
However Apple is providing something in all this. Apple Pay requires biometrics which (in theory) should help lower fraud costs for everyone. So it’s not like they’re just rent seeking for nothing.
I don’t know how it went for everyone else, but I don’t remember tapped pay getting popular until after Apple Pay and Apple pushing it. I know that coincided with when EMV terminals really started to get popular because the credit card companies were forcing it. But I honestly wonder if they helped push it to the mainstream, even for people just using tap cards.
Cider9986 3 hours ago [-]
I hope we get tap to pay on GrapheneOS in the US soon. You can already use it in the EU with Curve and PayPal. It's a blocker for a lot of people.
Hacker News seems generally not interested in private payments or how terrible the banking system is, which is disappointing.
Pix and the other variants are the way to go for money transfer, it's just that these monopolies won't be happy to forfeit their easy money, both credit, banks as well as Apple. They are all fighting for monopolies, they must cease to exist for the good of the common folk.
KellyCriterion 3 hours ago [-]
Well, fortunately Pix is statedriven/stateenforced/strateregulated, so it contains some of the most important ingredients to become some type of standard - the only reason why Mastercard et.al. are so powerful is because this area/field of tech was long no recognised as critical/relevant enough.
Pix is doing exactly the right thing, as ECB/SEPA is as well.
gchamonlive 3 hours ago [-]
Totally, and hopefully if standardisation isn't possible that we will at least see some form of integration between these systems, even if under an international transaction fee.
KellyCriterion 2 hours ago [-]
Working in this field:
The national co-integration is actually not a problem,asmost modern stacks are build on ISO20022 mainly, to the basis for co-integraion exists. Its just that attention on these topics is not that big. You could easily connect Brazil to the ECB with a correct setup.
gchamonlive 2 hours ago [-]
I find this technology fascinating, I'm looking for different fields to apply myself to, if there's job openings for developing Pix here in Brazil I think I'll look into the tech more carefully.
gumby 3 hours ago [-]
Initially I was casually (didn’t dig into the issue) fine with Apple allowing only a single access to payment via NFC due to the opportunity for fraud, which was Apple’s justification.
But I haven’t heard of it happening with the wild-west Android NFC payments, much less widespread problems with the essentially unconstrained use of QR code payments on SE Asia (e.g. Alipay).
So as an iPhone user I’m happy for Apple’s lockdown going away. I just hope it doesn’t mean that in future I’ll need to install a dozen payment apps and have to figure out which when I buy things.
MBCook 1 hours ago [-]
If the banks win and other stuff is allowed on the iPhone, that’s fine.
I have no intention of using it. I have a feeling it’ll be crap. That’s how this stuff usually is. And I’m absolutely not going to use a different app for each card.
So I wonder if this will end up being a Pyrrhic victory.
gumby 1 hours ago [-]
The problem is if merchants stop accepting Apple Pay or any other privacy-supporting payment system.
The only time the People have anything in our sick phony republic protected is when their interests happen to coincidentally align with those of an adversarial oligarch. Not interested in digging through the 15 layers of competing interests, corporate spin, lies, and economics to determine if that’s the case here but it’s sad in any case that stories like this are the only hope we the People have of getting any crumbs out of this system.
Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).
Apple doesn't see individual transactions when Apple Pay is used at retail stores' tap-to-pay terminals. The secret card payment token is sent from the phone to the credit-card's issuing bank and bypasses Apple servers. In this way, using Apple Pay is more secure and private than plastic cards because the real card number details remains hidden from the merchant.
The iPhone does contact Apple servers to add a new card to the digital wallet. Apple servers then contacts the issuing bank to get the secret token the bank generates and then puts it in the digital wallet. Conceivably, the "add a new card to digital wallet" could also have been done without Apple in the middle but it would require a much more convoluted, less secure, and more user-hostile workflow to do it. (e.g. the end user would have to know what bank endpoint to contact, manually enter the long and cryptic digits of the secret token, or maybe scan a QR code on a computer screen that's vulnerable to interception and phishing.)
BIN attacks [1] are still a thing. Your banks are probably just better at blocking them.
[1] https://stripe.com/en-sg/resources/more/what-are-bin-attacks...
Swiping is where the risk is.
With tapping I could see how that is more secure but if they’re still providing the card details versus the secure token or something well… maybe it’s not?
Unless there’s a hidden magnetic reader in the chip-reading portion of the terminal, in which case the scammers could read like 1/3 of the magstripe data? Which doesn’t seem that useful tbh.
The wallet app has a way to get the information, but it’s not from the tap itself. The tap interaction is not able to provide this information back to the phone (because the transaction auth happens long after the tap interaction completes).
Taps are designed to work with fully offline devices (which is why you can tap a plastic card, it is powered by the card terminal for the duration of the tap only, and requires no online interaction)
So, are you sure you know what you are talking about?
The report, above, is that previous transactions are visible within Apple's payment app. Apple agrees[1]. I'm willing to accept that this observation is based on reality and that it is reported in good faith.
Meanwhile, the suggestion is that Apple has no knowledge of transaction history.
Is there a way in which these two seemingly-conflicting concepts can be constructively combined into an understandable whole?
[1]: https://support.apple.com/en-us/104954
(For my part, I've never used Apple Pay and it's possible that I never will. I do not have a dog in this race.)
Do you think Apple has complete copies of everything? I don't understand where this supposed contradiction is supposed to exist, unless you think that Apple has complete knowledge of all phone contents, which would require complete ignorance of the entire platform.
It's kind of unique. It involves finances, and reporting transactions, and it involves their app with their branding that runs on hardware that they unilaterally control. They apparently even take cut from the middle of each of these transaction.
If Apple does all of this with zero knowledge, then I am willing to accept accept that...
> Do you think Apple has complete copies of everything? I don't understand where this supposed contradiction is supposed to exist, unless you think that Apple has complete knowledge of all phone contents, which would require complete ignorance of the entire platform.
...but I'll only accept it if the functional operation can be explained.
This kind of non-explanatory browbeating doesn't further my understanding of anything at all. I have never endeavored to undertake a faith-based approach to understanding technology, and I'm certainly not going to begin doing so today.
But it was too much work and didn't make the banks money so now we are also left to the American Visa parasite.
A protocol to support decentralized payments is a hobby project for an individual. You give each institution an identifier (e.g. their domain name) and each institution gives each customer an account number. If you're account 123 at Chase then you sign in as #123@chase.com, tell Chase you want to send $5 to #456@bankofamerica.com, they send the money and Bank of America tells their customer they have a new deposit. If you want to collect money from someone, you tell your bank to send their bank a payment request and they can either approve it manually (e.g. so you can deliver the goods for a one-time purchase) or configure some rules for which accounts get approved automatically up to some threshold amount (e.g. for recurring payments). Also no reason for banks in different countries not to all support the same protocol.
That doesn't require a central bank or any centralized third party payments intermediary. All it requires is for banks to know how to send money to other banks, which they obviously already do and the specific implementation of that isn't even relevant to the customer-facing payments protocol. So how does this not exist? It can't be that no one wants it, so it's got to be that someone (e.g. Visa/MasterCard) doesn't want it.
Why do we need my bank to send money to your bank via Visa or the Federal Reserve or any such thing, instead of having my bank send money directly to your bank? All they need to do is both support the same openly specified protocol for transferring money.
This is a very US-centric take. In the UK, EU and Australia, interchange rates are capped at more like 0.2/0.3%.
It was all so hilariously badly designed compared to tap and pay.
I don't really care about any of Apple's business partners being upset about their business terms with Apple. Developers want a bigger cut, banks want a bigger cut, Foxconn wants a bigger cut.
My interests as an Apple user are aligned with Apple. But even if I wasn't an Apple user, market forces determine what the "fair" cut is for everyone.
So, it’s not unlimited cost here.
The fact right now is that handling cash is more expensive than handling card- even with the fees, which is why Sweden, Estonia etc; are essentially cash-free countries.
At some point the fee’s will make you break-even I guess?
There already is a public option in the US, FedNow. In EU there's SEPA instant.
Cards get linked to accounts automatically behind the scenes based on first6/last4 card number tracking, then everyone else self-selects to punch their phone number on the screen.
Same reason Walmart Radio is such gruesome auditory cancer, it's part of the data collection and advertising vehicle.
Millions of transactions a day, over thousands of stores, it can make a huge difference in time saved.
I don't really get how this can be possible. A person can definitely get their card out of their wallet in less time than it takes the cashier to finish scanning their items.
Obviously if the customer is confused then it can take arbitrarily long, but how is a phone less confusing than a card? People don't get to the register only to realize that their card's battery is run down or it's the first time they've used a phone for payments and then they want to stand there for 15 minutes in front of you trying to set it up.
Cashier must explain: No tap. Best case is the customer shrugs and inserts card. Bad case is the customer is confused or argues about it. Horrible case is that the customer must fish through his belongings for a credit card or cash and takes minutes to realize he has neither.
I guess Walmart figured that these scenes repeating daily was not worth whatever its strategy was.
The lawsuit was files in 2022, and apple opened access to the NFC chip in 2024 (iOS 18.1). Searching I could find alternative wallet apps that offer contactless payments, but only in EEA, eg [0, 1, 2]. It is supposed to be accessible in the US, but I am not sure why there are no apps there, unless I have missed them.
IANAL but if access to NFC is open since 2024 and (assumingly) the amount banks etc pay for apple pay has not really decreased, wouldn't that mean that their main argument is not really substantive?
[0] paypal @germany https://www.macrumors.com/2025/05/13/paypal-contactless-paym...
[1] curve pay @eu(?) https://www.macrumors.com/2025/05/23/curve-pay-launches-ipho...
[2] Vipps mobilepay @norway https://vippsmobilepay.com/en-NO/news/2024/12/09/vippsmobile...
The transaction itself doesn't touch any Apple severs. In case anyone is wondering if there is an operational cost. There is a set up cost though with the initial verification and sometimes Apple do charge a one time fee per card set up.
There is a privacy angle with using Apple Pay. But I am unsure how much info banks and network is not getting because of it.
However Apple is providing something in all this. Apple Pay requires biometrics which (in theory) should help lower fraud costs for everyone. So it’s not like they’re just rent seeking for nothing.
I don’t know how it went for everyone else, but I don’t remember tapped pay getting popular until after Apple Pay and Apple pushing it. I know that coincided with when EMV terminals really started to get popular because the credit card companies were forcing it. But I honestly wonder if they helped push it to the mainstream, even for people just using tap cards.
Hacker News seems generally not interested in private payments or how terrible the banking system is, which is disappointing.
https://eylenburg.github.io/payments.htm
https://walt.is/
https://walt.is/
Pix is doing exactly the right thing, as ECB/SEPA is as well.
The national co-integration is actually not a problem,asmost modern stacks are build on ISO20022 mainly, to the basis for co-integraion exists. Its just that attention on these topics is not that big. You could easily connect Brazil to the ECB with a correct setup.
But I haven’t heard of it happening with the wild-west Android NFC payments, much less widespread problems with the essentially unconstrained use of QR code payments on SE Asia (e.g. Alipay).
So as an iPhone user I’m happy for Apple’s lockdown going away. I just hope it doesn’t mean that in future I’ll need to install a dozen payment apps and have to figure out which when I buy things.
I have no intention of using it. I have a feeling it’ll be crap. That’s how this stuff usually is. And I’m absolutely not going to use a different app for each card.
So I wonder if this will end up being a Pyrrhic victory.