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Apple Pay Apple Pay in Germany
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The newest App Update for Vivid is listing Wallet Support in the App Store. So the assumption for Apple Pay rolling out soon is not far fetched. Tuesday maybe? One can hope.
Girocard in Apple Pay mit Beschränkungen
Sparkassen-Kunden können bald ihre "EC-Karte" für Zahlungen mit Apple Pay einsetzen, vorerst jedoch nicht im Online-Handel. Es gibt weitere Unterschiede.
nothing really new... but the start could be imminent....
made it to the front page:
www.macrumors.com
Do you think that other banks (comdirect, Commerzbank, Dt Bank, etc.) will offer their girocards too for ApplePay?
Apple Pay Support Goes Live for Germany's Sparkasse Debit Girocard
Apple Pay support came to Sparkasse's Giro card in Germany today. First spotted by iphone-ticker.de, the debit card, known as the...
www.macrumors.com
Do you think that other banks (comdirect, Commerzbank, Dt Bank, etc.) will offer their girocards too for ApplePay?
made it to the front page:
Apple Pay Support Goes Live for Germany's Sparkasse Debit Girocard
Apple Pay support came to Sparkasse's Giro card in Germany today. First spotted by iphone-ticker.de, the debit card, known as the...
Do you think that other banks (comdirect, Commerzbank, Dt Bank, etc.) will offer their girocards too for ApplePay?
They will. A service provider for Commerzbank and comdirect has been working on it as well for some time now.
The other large banking cooperative - V&R Banken - has clearly positioned itself against Girocard in an interview at the end of July 2020. Unless they change their mind they will not introduce Apple Pay support for their Girocard.
It is not either or - in a simplified form it is both:
The merchant is using the girocard network.
And because the girocard network is linked to all German bank accounts (at least to all accounts for which a girocard has been issued) the merchant is indeed debiting the bank account connected to the girocard of the consumer.
In reality the merchant will have received his terminal from an acquirer. The acquirer is connected via the girocard network to the bank issuing the girocard of the consumer. When a transaction is started the girocard network checks whether the bank account has sufficient funds for this transaction and whether the girocard is valid and not blocked or otherwise compromised. The issuing bank will debit the account of the consumer and transfer the amount (less a regulated interchange fee) to the acquirer who then passes this (less the acquiring fee) on to the merchant. There is no scheme fee like for the major international credit cards which is one of the reasons the transaction costs are lower for girocard - which in turn is one major reason for the higher acceptance of girocards with merchants.
Thanks. I was more wondering if ELV is still possible when using the card with Apple Pay. Because if you pay with a girocard, some merchants will get your account number through that and then instead of using the girocard network, use a regular direct debit. Even though girocard is already pretty cheap to accept, it seems like direct debit can be even cheaper, even though it is more risky because of chargebacks.
I have read somewhere that it is possible to use a girocard in Apple Pay for merchants who are debiting via ELV - but I have not tried it out.
In my view the ELV variant is crap. It undermines the overall security of Apple Pay as it is breaking up the tokenisation. When ELV is used the merchant can decipher your IBAN as otherwise he would not be able to direct debit your account. Imho it should not be allowed by the Apple Pay system that the tokenisation is broken up and the security of the overall system is compromised!
You're quite right. ELV is the cheapest variant of girocard payments as the merchant is taking the risk of chargebacks.
In my view the ELV variant is crap. It undermines the overall security of Apple Pay as it is breaking up the tokenisation. When ELV is used the merchant can decipher your IBAN as otherwise he would not be able to direct debit your account. Imho it should not be allowed by the Apple Pay system that the tokenisation is broken up and the security of the overall system is compromised!
You're quite right. ELV is the cheapest variant of girocard payments as the merchant is taking the risk of chargebacks.
Thanks for the info.
I hope that this (no tokenisation) will change once the Mastercard Debit is added as Co-Badge to girocard.