What are you yapping about? You're trying to tell us every single time you are at a register to pay, you have your banking app open on your phone and to switch to Wallet with a double click (which you have to do regardless to pay, even if you manually open the wallet app) is too much work?
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Apple Offers iPhone NFC Chip Access to Apple Pay Rivals in EU
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Here in Norway the largest bank has never supported Apple Pay. When they bought one of the most innovative banks this year, they revoked Apple Pay for their cards.
The major payment solution (like Apple Cash, PayPal) outside the regular banking system, is owned by the banks!
They have just been waiting for getting access to NFC so their app will work in stores. Many banks will not support Apple Pay or will revoke support.
Why would you use your banking app for payments when in a store?
The support should be in the VISA/Mastercard you get from the bank independent of the bank's app.
As is often noted, iPhone users are a much more valuable commodity than Android users, so it’s more likely that the banks will want to use their own app to track them and sell the data on.
That's why they want the customers to use their payment solution instead of Apple Pay.
Here in Norway the largest bank has never supported Apple Pay and when they buy other banks they revoke Apple Pay from the banks they buy.
The banks in Norway owns the most used payment solution between C2C and C2B. One update to this app (probably with a penetration of 95% of the population above 13 years) may use this solution just like Apple Pay.
Serious question. Not an Android guy so don’t know the details around those payment wallets.
Apple Pay uses a proxy card number and shields payment details from the banks. Does android pay also do this? Or do the banks get all the same details they would if using the card natively at a POS or when using a payment via their own app?
If not, then I can see why banks on android don’t bother making their own app. The banks want that info and will be more tempted to leave Apple Pay for their own apps if able.
It works the same way Apple Pay does by using random card numbers and masking your proper details. Google Pay works with every bank. Samsung Pay isn't as widely supported but gets around this by using Curve to amalgamate all your cards.
If they do that, then many of us will simply stop using our banks for daily spending (or entirely), using Apple Cash instead. Use your bank app to transfer funds weekly to your Apple Cash or Apple Card and pay with Apple Pay like you’ve always done.
Unless banks are stüpid enough to pull a GM/CarPlay, I can’t see them abandoning a prime placement of their card in our digital wallets.
I don't know about that.
Quite a few people rely on credit cards only for all daily spend. I have not carried cash on a regular basis in years. Running all spend through cash back cards earned more than enough in rewards and bonuses to cover most of my holiday spending. I pay my cards off and do not carry a balance so the physical movement of funds to Apple Cash is not the problem, but the loss of cash rebate will likely drive me away from electronic payments if the banks remove support for Apple Pay. I know I will not:
- Pull out my iPhone
- Unlock it
- Find and open a bank application
- Open the payment function in said application
- Pay by tapping my phone using using the app's functions (assuming this all that is necessary with the bank app)
- Lift my wrist doubleclicking the Apple Watch button on the way up
- Tap my watch on the POS
Banks already pretty much do that outside the US anyway, except right now they can only offer their app on android and leave iphone users with no way to pay with their phone. BBVA, for example, refused to support apple pay in Spain for years after its launch, and continues refusing to support it in Colombia and Mexico. And just like BBVA there are many other banks doing the same around the world.
Apple Cash isn't available in Europe, so that's not really a feasible option outside of the US.
Because your bank is who issues your card and provides all the support for it. Visa/mc are just payment networks for communication between the store and your bank. Visa/MC don’t deal directly with customers.
There is no inherent reason the system couldn't be designed as user-friendly as it is now. Take password managers for example, where there isn't really a difference between using Keychain or Bitwarden or something else in terms of convenience for most people.
Apple could allow apps to include their payment screens in the double click menu, or allow you to reassign the double click or make it available through the action button including biometric verification as it is now.
The question is whether Apple would do that voluntarily or if regulatory pressures would mean that Apple can't blatantly favour its own service over competitors' to protect Apple Pay.
In any case, the point is that the impact on user convenience is to a large degree in Apple's hands, which is frankly another reason why it is problematic to a degree when the device manufacturer/platform provider competes with others on services.
I don’t see banks in the US creating their own apps for nfc payments and stopping support for apple pay. If they didn’t do it before apple pay launched (why is when many banks outside the US did it and why those banks refused to support apple pay for years) why would they do it now?
Apple added support for Loyalty cards with nfc in wallet a long time ago, walgreens’ rewards card has been using it for years. Most merchants simply don’t care to use the feature, though.
I doubt that will happen in the US. The banks complaining about apple’s nfc restrictions, mostly if not all non-US banks, created their own nfc payment systems BEFORE apple pay ever arrived in their country, and were frustrated to have to offer their apps only for android users. And their customers using iphones were frustrated not to be able to pay with their phone while android users did it all the time. None of that ever happened in the US, and doesn’t have to happen now.
Outside the US there are lots of banks that still don’t let people use their cards through apple pay. BBVA in Mexico is one example, and it’s the largest bank there by far.
That’s a completely false statement. Visa/MC charge merchants (shops) the same fee regardless of whether buyers use apple pay, a contactless card or a chip card. It is the CARD ISSUERS that pay apple a fee to be able to let their cardholders use their cards through apple pay.
They did bother outside the US, and refused to support apple pay and google pay for years because of it.
And paypal already supports adding its card to apple pay, at least in the US.
I’m sure the issue around this has been user privacy. Do any of the payment system competitors now use customer data for targeting advertising?
Oh he’s wrong. Lots of banks aroynd the world did bother to create android apps to pay via nfc. Just not any banks in the US.
That happened because Apple is gatekeeping the NFC module. If NFC can work with other standards as well besides Apple Pay, then everyone will opt in. People have become too reliant on double tapping their iPhone / Apple Watch to pay that most of them would never accept to revert back to opening an app to pay. It benefits everyone to open the NFC module.
US banks I doubt it. Banks in the rest of the world, maybe. They are already offering their apps on Android anyway, so they’d likely just expand support of those to iOS.