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Apple's secret iPhone 6 digital payment system said to also include Visa & MasterCard

post #1 of 146
Thread Starter 
Hot on the heels of a report that Apple has inked a deal with American Express, a second report has stated that the company has also signed deals with Visa and MasterCard.

Touch ID


Re/code initially reported that Apple is poised to unveil a digital payment system for iPhone 6 on September 9, allowing users to make secure purchases via their phone.

Later this afternoon, Matt Townsend of Bloomberg reported that deal are also in place with Visa and MasterCard. Neither Apple nor either of the two credit card vendors offered to comment on the issue.

An AppleInsider reader had earlier commented that MasterCard would be an initial partner, stating that "Mr. Gary Flood, MasterCard's President of Global Products and Solutions, as well as Ed MaLaughlin [the firm's chief emerging payments officer] will both probably be attending the event" Apple has scheduled in Cupertino early next month.

The initial Re/code report had stated that AmEx was "one of several partners" that Apple will need to sign up, but didn't indicate who else might be involved.

Apple has filed for patents that describe mobile payment systems utilizing NFC [Near Field Communications] technology. But to date, the company has relied on Bluetooth and Wi-Fi for short-range wireless functions, most notably with the company's proprietary combination of the two, dubbed iBeacon.

Rumors of NFC functionality in a future iPhone have persisted for years, and seem to appear leading up to just about every new handset launch. And though there have been a multitude of NFC-capable smartphones on the market for years, has never been an Apple product with NFC functionality.

One rumor that surfaced this summer claimed that Apple was accelerating work on a mobile payments system that could be ready by this fall, launching as part of the "iPhone 6." That report claimed that Apple was in talks with partner companies, including Visa, in an effort to debut its own e-wallet platform.
post #2 of 146
In this day and age where everything is 24/7 I cannot believe how slow this site is on reporting on these Apple topics. Some Many will consider this as 'old news'.
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post #3 of 146
I remember the days 3 years ago this was predicted on the then expected iPhone 5(now 4S), they all said it was needed to compete the still failing google equivalent. As so I would expect any company with an iPhone app already to chip into this NFC card idea.
post #4 of 146

Here's some breaking news about Apple.

 

On the front page of Drudge:

 

 

post #5 of 146
Originally Posted by Apple ][ View Post
Here's some breaking news about Apple.

 

On the front page of Drudge:

 

 


So’d they hack Apple or hack the accounts of people too airheaded to use anything other than 12345?

post #6 of 146
Quote:
Originally Posted by Tallest Skil View Post
 

So’d they hack Apple or hack the accounts of people too airheaded to use anything other than 12345?

 

I don't know the details, though it's probably the dumb celebs who use idiotic and easy to guess passwords I'm assuming.

 

However, as we see, it is being reported as if somehow Apple got hacked.

post #7 of 146

I know there are people bringing up the point that NFC in the iPhone 6 would make the mobile payment game exclusive to the new hardware, but the "iWatch" has been rumored to include NFC also. While its true then that the iPhone 6 could be used as a standalone device to make payments, what if the "iWatch" does indeed include NFC, and they also fitted in the Touch ID sensor under the screen as seen in previous patents. I could see it working as the "iWatch" wouldn't need a physical home button, and Touch ID isn't tied to a hardware button. It would simply be turned on and brought up on the screen to ID the user once a tap to pay event is started. Then this whole mobile payment initiative wouldn't be exclusive to only the iPhone 6. 

 

Here is a link to the Touch ID patent. http://www.macrumors.com/2013/11/25/apples-plans-to-enhance-touch-id-with-trackpad-capabilities-and-display-integration-revealed/

post #8 of 146
Visa, MasterCard, and Amex do seem like basic prerequisites, so this is unsurprising news. I honestly expect we will see Discover in that mix as well.

Apple is the proverbial 10,000 lb gorilla - if Apple indeed does roll out a payment system, it would be unwise for any of the major providers to decline such a partnership.
post #9 of 146
Quote:
Originally Posted by Apple ][ View Post

Here's some breaking news about Apple.

On the front page of Drudge:





ICLOUD NIGHTMARE: CELEBS HACKED!

Surprised you didn't implicate Samsung 1wink.gif
post #10 of 146
Quote:
Originally Posted by Apple ][ View Post

I don't know the details, though it's probably the dumb celebs who use idiotic and easy to guess passwords I'm assuming.

However, as we see, it is being reported as if somehow Apple got hacked.

Or completely fake since Victoria Justice says the photos aren't really her.

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post #11 of 146
Quote:
Originally Posted by SolipsismX View Post


Or completely fake since Victoria Justice says the photos aren't really her.

 

I admit that I don't follow celebs much, and I've never heard of that person before.

 

But I read that many other celebs have said that the photos of them were real. There's a list of about 100 celebs.

 

I don't really give a crap about celebs or celebs getting hacked at all. I do care about Apple getting bad publicity, if it had nothing to do with them.

post #12 of 146
Quote:
Originally Posted by Apple ][ View Post

I admit that I don't follow celebs much, and I've never heard of that person before.

But I read that many other celebs have said that the photos of them were real. There's a list of about 100 celebs.

I don't really give a crap about celebs or celebs getting hacked at all. I do care about Apple getting bad publicity, if it had nothing to do with them.

If we're talking about 100 celebrities and it's an actual hack of Apple's iCloud servers then it's likely there is a whole lot more user's information that was also stolen. If not, then it's most likely directed hacks targeting week security.

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post #13 of 146
Quote:
Originally Posted by SolipsismX View Post

If we're talking about 100 celebrities and it's an actual hack of Apple's iCloud servers then it's likely there is a whole lot more user's information that was also stolen. If not, then it's most likely directed hacks targeting week security.

One celeb after the other say the pics are fake. If true; nothing hacked. If false; possible hack, but I don't think 'iCloud' was hacked. I can't imagine Apple would storing 'everything' on a 'single' server.

If you search for iCloud hack you'll get a gazillion hits. Year after year.
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post #14 of 146
Quote:
Originally Posted by PhilBoogie View Post

One celeb after the other say the pics are fake. If true; nothing hacked. If false; possible hack, but I don't think 'iCloud' was hacked. I can't imagine Apple would storing 'everything' on a 'single' server.

If you search for iCloud hack you'll get a gazillion hits. Year after year.

The Jennifer Lawrence pics are definitely real (and glorious), and she's the highest profile star on the list so far. Her reps have confirmed:

http://www.usatoday.com/story/life/people/2014/08/31/nude-photo-leak-jennifer-lawrence-ariana-grande-kate-upton/14915163/
post #15 of 146
Quote:
Originally Posted by Mazda 3s View Post

The Jennifer Lawrence pics are definitely real (and glorious), and she's the highest profile star on the list so far. Her reps have confirmed:

http://www.usatoday.com/story/life/people/2014/08/31/nude-photo-leak-jennifer-lawrence-ariana-grande-kate-upton/14915163/

10 points for an informative post, minus one point for not posting the pictures.
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post #16 of 146
Quote:
Originally Posted by PhilBoogie View Post

10 points for an informative post, minus one point for not posting the pictures.
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post #17 of 146
Quote:
Originally Posted by Mazda 3s View Post

Check your PM 1smile.gif

You're kiddin' me!

{checks PM}

Nope, not kidding. Ok, so, these look more like, well, I'm repulsed, no, revolted, no, can't find the word. But it feels like voyeurism, and I don't like that. Thanks though.
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post #18 of 146

1) Yes, the Jennifer Lawrence pics are real.  And apparently the Mary Elizabeth Winstead ones are too, judging by her response.

 

2) As hot as I find J-Law, I have no interest in seeing these pics, and taking part in a crime.  Her privacy and beyond, and that of anyone else who was legitimately hacked, was violated and the people who did it are pond scum.  I really hope that J-Law uses some of her extensive (~$40M at last count) resources to hunt this disgusting sleaze down, and have the law smacked down on him like a house on a witch in the Wizard of Oz.

 

3) And before anyone starts attacking me for being some over-moralistic do-gooder, believe me: I love porn.  But the difference there is when someone like Jayden James or Alexis Texas makes a movie, it's her choice.  This, on the other hand, was more or less an assault.

post #19 of 146
1) In 2012 a hacker was sentenced to 10 years in jail after posting nude photos of Scarlett Johannson and Mila Kunis and hacking a number of celebrity email accounts for more than a year.

2) Call me a hypocrite but I've looked at the photos gleefully but hope the bastard that stole them goes away for many years.

3) Why do celebrities take these in the first place? Do we need to create an entire semester class for middle school students to not take questionable photos or say things that could hurt them in the future? Seems like it’s more important than sexual education or home economics at this point. NOTHING EVER GOES AWAY!

4)

Edited by SolipsismX - 8/31/14 at 10:57pm

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post #20 of 146
Quote:
Originally Posted by SolipsismX View Post


3) Why do celebrities take these in the first place? Do we need to create an entire semester class for middle school students to not take questionable photos or say things that could hurt them in the future? Seems like it’s more important than sexual education or home economics at this point. NOTHING EVER GOES AWAY!

 

All sorts of people, not just celebrities, do these sorts of things as I'm sure you know.  And AFAIK, kids ARE already often told not to do these sorts of things.  But then again, we all do stupid stuff -- when we're told not to.  

post #21 of 146
Quote:
Originally Posted by AaronJ View Post

All sorts of people, not just celebrities, do these sorts of things as I'm sure you know.  And AFAIK, kids ARE already often told not to do these sorts of things.  But then again, we all do stupid stuff -- when we're told not to.

That's why we need more education, but education is so slow to respond to how technology changes culture and with most parents being techtarded they are simply not equipped to even understand the possible dangers until it's too late or go overboard by limiting technology that could end up stunting a child's growth in a society. It's nearly impossible to get a chance to clean the slate and start over and I feel helpless solve that issue outside my limited family structure.

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post #22 of 146
Quote:
Originally Posted by SolipsismX View Post


That's why we need more education, but education is so slow to respond to how technology changes culture and with most parents being techtarded they are simply not equipped to even understand the possible dangers until it's too late or go overboard by limiting technology that could end up stunting a child's growth in a society. It's nearly impossible to get a chance to clean the slate and start over and I feel helpless solve that issue outside my limited family structure.

 

While I completely agree with you on the education issue, this is also a problem that is caused by people simply never believing that "it could happen to them."  So many people make so many mistakes with that sort of thinking -- well, that and alcohol.

post #23 of 146
Quote:
Originally Posted by SolipsismX View Post


Or completely fake since Victoria Justice says the photos aren't really her.

It's hers. Trust me. :)

post #24 of 146
19 more NFC rumors to go before Sept 9.

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post #25 of 146
Quote:
Originally Posted by AaronJ View Post

While I completely agree with you on the education issue, this is also a problem that is caused by people simply never believing that "it could happen to them."

I think that's an extension of education in both what they record on a digital format both privately and publicly, and how they understand and execute security of their digital content.

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post #26 of 146
Quote:
Originally Posted by SolipsismX View Post


I think that's an extension of education in both what they record on a digital format both privately and publicly, and how they understand and execute security of their digital content.

 

Good point.

post #27 of 146
Originally Posted by SolipsismX View Post

I think that's an extension of education in both what they record on a digital format both privately and publicly, and how they understand and execute security of their digital content.

 

The issue is indeed confusion between public and private.  What people don't understand, and why we keep seeing stuff like this and will likely continue to see stuff like this in the future, is that as soon as any pictures or video leave your control, they are no longer private!  It's as simple as that!

 

Combine that with the fact that people don't understand when you take a picture or video with a cell phone (or rather, any internet-connected device), it may not even be under your control from the minute you take it, and definitely isn't under your control the minute you upload it anywhere or send to anyone.

 

People feel like they can post "privately" on facebook, or send "privately" to their friends via email, etc.  But NOTHING sent out over the internet is truly private unless you are in complete control of the data and/or it's encrypted from end-to-end.  Normal people, and celebrities are completely clueless about this, so we will always have silly days where this stuff gets exposed to the world.  

 

It's kind of like "Darwin's Law", but, well, okay not really... other than the part where "stupid people do stupid things".

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post #28 of 146

Interesting that it's only celebs that got "hacked", and that there wasn't a massive data breach against other users (i.e. everyone else)

post #29 of 146
Quote:
Originally Posted by superdx View Post

Interesting that it's only celebs that got "hacked", and that there wasn't a massive data breach against other users (i.e. everyone else)

Maybe it was, but posting my photos on some dodgy website just won't attract anyone.
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post #30 of 146
  •  
Originally Posted by AaronJ View Post

 

1) Yes, the Jennifer Lawrence pics are real.  And apparently the Mary Elizabeth Winstead ones are too, judging by her response.

 

2) As hot as I find J-Law, I have no interest in seeing these pics, and taking part in a crime.  Her privacy and beyond, and that of anyone else who was legitimately hacked, was violated and the people who did it are pond scum.  I really hope that J-Law uses some of her extensive (~$40M at last count) resources to hunt this disgusting sleaze down, and have the law smacked down on him like a house on a witch in the Wizard of Oz.

 

You sir, are a gentleman and a scholar. 

post #31 of 146
Quote:
Originally Posted by chriscaskey View Post
 
  •  

 

You sir, are a gentleman and a scholar. 

 

Thank you.

post #32 of 146
I can see the new Samsung commercial now, touting Knox. Starring some ditzy blond as the iPhone user and some hip, fresh cool guy as the Samsung guy. Where have I seen that before, hmm? (Open on three people riding a ski lift...)

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post #33 of 146
Quote:
Originally Posted by SolipsismX View Post

If we're talking about 100 celebrities and it's an actual hack of Apple's iCloud servers then it's likely there is a whole lot more user's information that was also stolen. If not, then it's most likely directed hacks targeting week security.

It might not be, passwords have been taken from numerous other hacks e.g 1.2 billion passwords here:

http://news.sky.com/story/1313779/russian-hackers-pull-off-biggest-data-theft

Some have been exploiting the Heartbleed bug in SSL. If the celebs use the same passwords for different sites, someone can just login to other sites. One person at least partially responsible for this very real leak has been identified and has been asking for bitcoin payments to release more pictures. They apparently haven't had as many donations as they'd hoped so far. They worked for a web company so potentially one of the company's clients had a site that celebrities used.

This is a pretty big news story, I'm surprised AI doesn't have an article yet. The official title of the leak is The Fappening and involves dozens of celebrities, hundreds of images and a handful of videos.

The problem with things like this is everything is tied to Apple: the phone, the software, the services. Even if it wasn't their fault with security, people will see it as their fault. The grainy low light pictures are definitely their fault.
Quote:
Originally Posted by SolipsismX 
Why do celebrities take these in the first place?

Some have said of more professional shoots at least that they liked having media of how they looked at a young age. Celebs that had the shoots done later in life regretted not having their youthful bodies captured. You don't get it back again and memories fade. It's the same deal with pregnancy photos.

Most I suspect will simply be to give their partner something to think about instead of pictures of someone else when the urge cycles round again.
post #34 of 146


It makes sense that Visa and Master card and AMEX are all included.

The question now is how does Apple make money and how much?

post #35 of 146
Quote:
Originally Posted by Mazda 3s View Post


Surprised you didn't implicate Samsung 1wink.gif

Indeed! Samsung spends 10x as much as Apple on "marketing". Samsung hiring celebs to tweet from their iPhones we knew about. Now we know where some more of this money is going.

post #36 of 146
Quote:
Originally Posted by AppleSauce007 View Post


It makes sense that Visa and Master card and AMEX are all included.
The question now is how does Apple make money and how much?

I believe outside of the US Credit Cards are only used for the larger expenses. If Apple can get smaller retailers on board these CC companies will be happy to give Apple 1/3 of their revenue, ≈ 1%. The massive scale of iPhones in use will bring in the bucks for Apple. And if not, Apple is known to make their products more and more useful, direct profits aren't always measurable.
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post #37 of 146
thenextweb.com has an article "This could be the Apple iCloud flaw that led to celebrity photos being leaked"
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post #38 of 146
Quote:
Originally Posted by Grizzly View Post

I know there are people bringing up the point that NFC in the iPhone 6 would make the mobile payment game exclusive to the new hardware, but the "iWatch" has been rumored to include NFC also. While its true then that the iPhone 6 could be used as a standalone device to make payments, what if the "iWatch" does indeed include NFC, and they also fitted in the Touch ID sensor under the screen as seen in previous patents. I could see it working as the "iWatch" wouldn't need a physical home button, and Touch ID isn't tied to a hardware button. It would simply be turned on and brought up on the screen to ID the user once a tap to pay event is started. Then this whole mobile payment initiative wouldn't be exclusive to only the iPhone 6. 

Here is a link to the Touch ID patent. http://www.macrumors.com/2013/11/25/apples-plans-to-enhance-touch-id-with-trackpad-capabilities-and-display-integration-revealed/

Quote:
Originally Posted by Thomas Tupper View Post

Visa, MasterCard, and Amex do seem like basic prerequisites, so this is unsurprising news. I honestly expect we will see Discover in that mix as well.

Apple is the proverbial 10,000 lb gorilla - if Apple indeed does roll out a payment system, it would be unwise for any of the major providers to decline such a partnership.

TouchID!

I am interested in this thread despite the diversion of hacked celeb pics ... Maybe they should implement a TouchID system on iCloud ... Seriously!


TouchID ... And the NFC/iWallet/iTunes infrastructure (whatever) to support it for major credit card purchases ...


Did you ever consider why the cc companies inundate you with free offers, interest-free transfers and introductory offers, checks, cashback rewards ...

There are at least 2 ways the cc providers make money:
  • processing and transactions fees charged to merchants for using the cc service -- usually a minimum transaction charge and a percent of the price of the merchandise
  • Interest rates charged to customers when they do not pay their monthly balance in full (very high interest rates)

In fact, even if you pay your cc balances in full (and get a month of free float) the cc providers want you to use their card because of the transaction and processing fees charged to merchants -- the cc providers receive these fees immediately, and in a way have free float use of that money.

Case in point, a relative got her first credit card. a Visa card through B of A -- with a $2,500 limit. Her plan is to use the card to build a credit history -- but pay the balance in full each month to avoid interest charges ... and over time, raise the credit limit, while taking advantage of any cashback rewards.

An interesting thing is this: B of A / Visa offered a $200 one-time, introductory, cashback offer after she spent the first $1,500 of her $2,500 limit. And, bang, as soon as she reached $1,500 (easy) she got an immediate $200 credit (instant gratification). She continued to use the card approaching the limit, and earning small cashback rewards on select purchase. She got her 1st bill and paid the balance in full (harder) so there were interest fees.


Hmm ... The cc provider was willing to give her $200 off -- if she purchased merchandise worth $1,500.

Why?

Because they make money every time she uses the card -- and maybe a time will come that she will not be able to pay in full -- and incur interest charges ... a win / potential big win for the cc provider ... Duh!


Why am I wasting your and my time? We could be looking at celeb pictures!


Consider: What other provider gives you money off an expensive purchase -- so you will use their basic services (and potentially use their expensive. extra services)?

Why your smart phone carrier -- that's who ... Also, Duh!


TouchID ...

Getting right to it ... Finally!


Because of TouchID and the supporting infrastructure -- the new iPhone 6, new iPads (and maybe the iWatch) are the only devices that can securely support the services offered by the credit card companies.

The services that cc companies want you to use so much that they are willing to pay cash off on the purchase of expensive merchandise ...

In effect, the cc is subsidizing that expensive purchase ...

Why, wouldn't the cc companies be interested in subsidizing the purchase of iDevices -- which facilitate and promote the use of their cc services?

Duh!
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Edited by Dick Applebaum - 9/1/14 at 5:54am
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post #39 of 146
By golly, Mabel ...

We can get one of these new-fangled fingerprint remotes so that we can sit in front of the TeeVee and buy things without ever leaving the recliner ...

Yes, Clyde ...

I've already done the gift shopping for 2015 and am thinking about Easter 2016 ...
Edited by Dick Applebaum - 9/1/14 at 5:24am
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post #40 of 146
iCloud doesn't store videos.
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