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Posts by plovell

Minor detail: I believe that the Apple Pay stuff is stored in a part of the NFC chip (secure element"). The fingerprint data is in a different place and is in the CPU - if I remember correctly.  Same effect though - you need a fingerprint or device password to get at the payment token.
I'm not so sure about the wheels.
"secure cloud-hosted network"   Yeah. Right. I guess he wants us to forget about the recent hacks on Target, Home Depot and JP Morgan Chase.   Let's see - the MCX database will contain - bank debit details and authorization - social security number - driver license info (presumably including birthdate)   Am I alone in thinking that this database would be a big, fat, juicy target for hackers bent on identity theft?
I believe you can use a debit card. It's just credit cards that are excluded AFAIK.
It will be interesting to see WalMart's sales for the quarter when they stop taking credit cards. Very interesting.
Sure. But Apple does not want to run production plants like this. That's not their speciality, and it's why they did a deal with GTAT. And if Apple did acquire GTAT it would also take on the liabilities. There's no good reason to do this.
Tom: it is true that no charges have been filed and, unsurprisingly, no evidence has been made public (other than the SEC fillings). So it is then a stretch to accept your assertion "indicates it's unlikely that the trades were illegal". It is true that there is nothing public but that is quite normal. My reading of the scant available evidence is that the sales plan was filed with the SEC after the production problems had become apparent. We don't know how much "bad news"...
This is not my experience with iPhone 6 and iPad Air 2. Both are solid.  Both were updated USB/iTunes.
Maybe.  But allow me to put on, for a moment, my Devil's Advocate hat. The cost to the merchant (i.e. the "fee") is the same for an Apple Pay transaction and a credit-card transaction in the store. If the retailers are really wanting to push back on the fee then why are they still accepting credit cards? Why don't they insist on cash or debit ??  I tend to agree with you - eliminating the fee is a major goal. But they've done a terrible job of execution on that...
I can't think of a way for banks to know (possibly because lots of details about CurrentC are not yet known). But I'm getting the feeling that it will be a train wreck in slow motion. Prepare the popcorn.
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