So now I have to download each bank's or credit card’s app and use it if I want to pay with that card? Wonderful, how consumer friendly, what amazing choices I now have. Thank you so much regulators!
Yeah, I can't wait banks to shove their own cr@ppy apps down my throat, and then stop supporting Apple Pay (that works flawlessly on all my devices), to avoid its minuscule fees. So much win for the customer!how bout them regulations, apple?
keep em coming, EU
And what is the benefit of using Google Pay or Samsung Pay on my iPhone? Today I'm using the same cards in Apple Pay on my iPhone and in Google Pay on my Android based phone. Tokens need to generated and cards activated within each ecosystem on each device anyway. So what is the benefit?Disadvantages of limiting NFC access on Apple devices:
Payment options are limited and Apple Pay, which relies on NFC, has become the dominant contactless payment method on iPhones. This excludes users who prefer alternative mobile wallets like Google Pay or Samsung Pay, which may offer wider compatibility or different features.
By controlling NFC access, Apple can limit the development of other NFC-based applications and functionalities beyond Apple Pay. This could stifle innovation in areas like peer-to-peer payments, data sharing, and other creative uses of NFC technology.
Users become locked into the Apple ecosystem for NFC-based features, limiting their flexibility and potentially leading to higher costs compared to open platforms.
Apple's restrictions might hinder the overall adoption of contactless payments outside of the Apple ecosystem, as developers have less incentive to create NFC-based applications for non-Apple devices.
By controlling access to NFC, Apple has a stronger hold on the mobile payment market, potentially stifling competition and innovation from other companies.
Apple's approach to NFC might contribute to a fragmented landscape of mobile payment solutions, hindering interoperability and user convenience.
[Also, Wallet App offers an express mode for transit passes. Will the banking apps be allowed to control that express mode for payments if the consumer wants that?]
how bout them regulations, apple?
keep em coming, EU
The European Union is currently in the process of forcing music streaming platforms (Spotify included) to pay recording artists more.Why doesn't the dumb EU go after Spotify for having a monopoly? Oh that's right, the EU only goes after American companies.
Disadvantages of limiting NFC access on Apple devices:
Payment options are limited and Apple Pay, which relies on NFC, has become the dominant contactless payment method on iPhones. This excludes users who prefer alternative mobile wallets like Google Pay or Samsung Pay, which may offer wider compatibility or different features.
By controlling NFC access, Apple can limit the development of other NFC-based applications and functionalities beyond Apple Pay. This could stifle innovation in areas like peer-to-peer payments, data sharing, and other creative uses of NFC technology.
Users become locked into the Apple ecosystem for NFC-based features, limiting their flexibility and potentially leading to higher costs compared to open platforms.
Apple's restrictions might hinder the overall adoption of contactless payments outside of the Apple ecosystem, as developers have less incentive to create NFC-based applications for non-Apple devices.
By controlling access to NFC, Apple has a stronger hold on the mobile payment market, potentially stifling competition and innovation from other companies.
Apple's approach to NFC might contribute to a fragmented landscape of mobile payment solutions, hindering interoperability and user convenience.
These companies do have the option of not operating within the EU.the EU only goes after American companies.
I don’t either as a user.They could modify settings to allow you to chose teh default app, and if you want the other you must open the app to use it's NFC.
I just don't see the value of having a 3rd party app when I already have the cards I want in my wallet. A PayPal NFC app to let me use my PayPal balance? Or my Venmo balance? Maybe but not as my primary payment choice.
These companies do have the option of not operating within the EU.
And the US is entitled to regulate any EU companies operating within the US.
Their choice. If the balance of their interests lies in continuing to operate within the EU, then they have to accept whatever the EU requires.Not gonna happen. Too much money at stake.
Like when the US demands they turn over user information?
Since 3rd party payment apps have been blocked from accessing the NFC chip up until now, was Apple responsible for any problems with those apps then?It makes sense as long as Apple isn't held responsible for any problems with 3rd party apps. . . .
Well, does that matter? In my travels to Germany outside the big cities maybe, maybe half the places accept a credit card, leave alone NFC capabilities…Offered? I thought they were forced to by Germany at least anyway
Under the proposed commitments, developers of payment, banking, and digital wallet applications in the European Economic Area (EEA) will be able to integrate their own solutions with the NFC chip on Apple devices. This change means that consumers could have the option to use NFC-enabled apps from other providers, alongside or instead of Apple Pay.
Blocking other payment apps from using the NFC chip would be as bad as if Apple had blocked apps from using FaceID/TouchID to log into the app, forcing users to enter their user name and password each time.I just don’t get this- why is this good for the consumer? Seems like I buy a device with a payment system that is built in and nifty, and the fact that we all have it encourages credit cards to support it. Now we are gonna have a separate payment system for each card that tracks all our data. Seems cumbersome and worse for the customer.
Again less choice for consumers. A specific bank might want to use their own app instead of Apple Pay. Now it’s less choice for the consumer.Blocking other payment apps from using the NFC chip would be as bad as if Apple had blocked apps from using FaceID/TouchID to log into the app, forcing users to enter their user name and password each time.
The NFC chip should be seen as a basic part of the phone and allowing other payment apps to access it would make mobile payments and mobile banking more convenient and secure.
Don't want to use any other mobile payment/banking app besides what Apple has to offer? Great. Don't. No one is forcing you to. But options should be made available to those who do.
I'm guessing the reason Apple has blocked access to the NFC chip is because they're worried their revenue from ApplePay transactions would take a hit.
Apple Pay revenue is heading toward multi-billion dollars - 9to5Mac
Apple Pay revenue hasn't gotten much attention so far. The most valuable role Apple Pay plays for the Cupertino company is further lock-in to the ecosystem9to5mac.com
Or the bank can just integrate the mobile payment function with their existing banking app that you likely already have.So now I have to download each bank's or credit card’s app and use it if I want to pay with that card? Wonderful, how consumer friendly, what amazing choices I now have. Thank you so much regulators!
Why doesn't the dumb EU go after Spotify for having a monopoly? Oh that's right, the EU only goes after American companies.