Original source: http://www.macrumors.com/2014/10/25/cvs-disabling-nfc-apple-pay/
I found DF commentary worthwhile.
I guess I’m sort of confused, but what’s the advantage of using Apple Pay over a normal credit card?
It’s rare that I don’t have both, but if I only have one, I have my phone and not my wallet. Sometimes accidentally; I’ve turned around halfway to the store without my wallet a few times, but never seem to forget my phone. (More practically, I notice its absence more quickly when I go to listen to music.)
Sometimes purposefully, like if I go for a run or to the gym. Ironically, those are the situations I’m most likely to want to pick up a drink from a store like CVS.
If even 25% of the places I buy things from started taking apple pay, I’d probably start leaving my wallet at home more often. And then the places that take apple pay would quickly become 100% of the places I go.
I am still waiting for my new phone but there is a simple fix to this problem.
Get one of those 2 card cases for your phone. I have my debit card ($300/day limit) and my drivers license. I call it my drinking wallet. Then if I forget the regular wallet, I still have something to help things along if I’m out running.
Just a low tech solution to the “crap forgot my wallet at home” problem.
What Apple gets and what no one else in the industry does is that using your mobile device for payments will only work if it’s far easier and better than using a credit card.
I’m not sure that Apple “gets” anything here. Apple Pay is still far more cumbersome than pulling a credit card from my wallet.
It seems that the companies who actually get it are those like Final (no relation).
Apple Pay is still far more cumbersome than pulling a credit card from my wallet.
Really? This is a bit surprising to me.
I’ve not used Apple Pay yet, but have seen it used by a friend. It looked ridiculously easy. What have you found that makes it more cumbersome?
I have a zipper on the pocket I keep my phone in and a pin on the phone itself. If the system can be used without the pin, that’s a complete dealbreaker right there.
Also, and this is obviously a personal thing that doesn’t apply to everybody, I don’t think Apple (or Google, or really any non-bank) have any business storing any of my financial information, and I absolutely refuse to allow them to spend money on my behalf.
You should give https://www.apple.com/apple-pay/ a quick skim.
It uses Touch ID on the phone:
One touch to pay with Touch ID. Now paying in stores happens in one natural motion — there’s no need to open an app or even wake your display thanks to the innovative Near Field Communication antenna in iPhone 6. To pay, just hold your iPhone near the contactless reader with your finger on Touch ID. You don’t even have to look at the screen to know your payment information was successfully sent. A subtle vibration and beep let you know.
And it stores info in the secure element of the phone, not on Apple servers:
Every time you hand over your credit or debit card to pay, your card number and identity are visible. With Apple Pay, instead of using your actual credit and debit card numbers when you add your card, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, a dedicated chip in iPhone, iPad, and Apple Watch. These numbers are never stored on Apple servers. And when you make a purchase, the Device Account Number, along with a transaction-specific dynamic security code, is used to process your payment. So your actual credit or debit card numbers are never shared by Apple with merchants or transmitted with payment.
And as some have pointed out in various places, Apple provides less identifying info to the merchant than they would have gotten with a regular credit card …
Every time you hand over your credit or debit card to pay, your card number and identity are visible.
I don’t understand this. When I pay with my credit or debit card, the merchant never sees or touches my card, and they have no opportunity to get its information thanks to chip+pin or NFC. How is Apple Pay better than this?
In the United States NFC is still a novelty. Lots of people didn’t know it was possible before Apple Pay.
Chip cards and readers are practically nonexistent in the US. When they do roll them out, they’re going to be chip&sign instead of chip&PIN. Apple Pay might be more secure than this.
It’s not so clear what the benefits will be in the modern world (you know, places with the metric system). At the very least:
Americans don’t do chip+pin, that’s why. Apple Pay is basically PayWave, the NFC version of chip+pin that’s everywhere in .au, but without the $100 limit because you use a fingerprint.