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Apple Offers to Open NFC Payment Technology to Third-Party Developers in Europe
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So now every bank and every CC issuer will have an app. LMAO
Hasn't happened on Android, despite apps having access to the NFC.
There's already a number of scam apps that have found their way to the iPhone/App Store but I suspect this may make it a bit easier for scammers
PayPal and Venmo style payment apps having access.
the EU does not care about security and good business solutions. they want to regulate everything and everyone. thats the big picture. i dont think that so called experts in the EU administration are real experts.
At that point they have to decide which country is more important to them, same as if someone wants a payment processor to process payments for Cuban cigars which is mandatory in Germany and Sweden and illegal in the USA.
That’s “34% of Spotify users are in Europe”, not “Spotify users are 34% of Europeans”.
Then just go with a different bank? You know, more choices?
But there is a point in that at least in some markets, the option between banks is certainly limited. But that problem is hardly solved by Apple Pay in this situation.
Where I live all of the major banks has Apple Pay already now, and very unlikely they'll roll that back (and if they did you can just swap to another card issuer).
I'd be more worried if I was VISA or Mastercard, as with this (afaik) banks or others can technically skip the actual card bit and develop their own solutions. For instance, we already have a widely adopted mobile payment system here that you today use QR codes to scan to pay, and money is drawn directly from your bank account. The system itself is a collaboration between the banks, so it's not a one-bank solution. Now with this, they could maybe further develop that into a NFC system. Either way, it will give you more options, not less right?
I just love the subtext that those of us who see this as a good thing aren't end users.
Thats because of Apple's restrictions.
I wouldn't personally use PayPal as a virtual card (and Venmo isn't even known where I live) but I'd imagine there are people who do.
Very sad news.
This will allow banks in Europe to compete with Apple which I don't want to. I want the banks to loose.
This will allow banks in Europe to compete with Apple which I don't want to. I want the banks to loose.
It's better if Apple control things than banks. I usually agree more with Apple.
I'd prefer the user to have control whether they want Apple to manage payments or Google or their bank directly.
I don't have an app for every credit card I have in Norway. Everything is handled automatically. The credit bill is payed in my regular bank automatically by electronic invoicing.
My bonus is either subtracted from the bill automatically or I need to use it when I buy something like a plane ticket which does happen via the airliner.
The problem is that this make it easier to not offer Apple Pay for banks.
The banks get the freedom to have full access to the iPhone and its ecosystem but no requirement to support Apple Pay.
I can already use my bank cards in Apple Pay. Next.
The problem is when you have different credit card for different kick backs.
I have one credit card which give kick backs when used in super markets and other stores which mainly sell food.
No other credit card in Norway offers this.
If this bank decided to drop Apple Pay, I would have no replacement. I would then have begin using a physical card again.
Then why do most banks support Google Pay despite being able to access the NFC chip on Android phones?