And if it's the financial institutions say it's safer to use NFC and Leroy's can be charged less for using NFC then Leroy's will very likely want to setup NFC immediatley.
This is a good thing that Apple is finally getting into the NFC market. They entered at the right moment. Now all my devices will start to work in more places.
This is a good thing that Apple is finally getting into the NFC market. They entered at the right moment. Now all my devices will start to work in more places.
Note that the right time for Apple is after they've done all the legwork so they can include the HW, SW, ecosystem and infrastructure to make it work. I think this secure enclave for Touch ID will likely be used for payments so that it's not stored on iCloud.
Remember the EMV liability shift kicks in a year from now. This is the reason that NFC and other forms of mobile payment are going to take off in the US in a big big way - that 20th Century Magstripe terminal will soon be a relic of the past. Other countries (ie most of the world outside the US) are already on EMV and "tap and pay" are widely used in those countries. Apple has timed this perfectly, and in adding to the iPhone will give NFC and by extension EMV a huge boost and encourage merchants (the smaller ones) to make the investment in the equipment (which isn't a huge chunk, really, but the reason that it's taken so long for US to migrate - infrastructure expense).
Another example of Apple timing their innovations perfectly and being the tail to wag the dog. Even non-iPhone users will benefit .
I'm hoping iWallet will be compatible with current NFC readers. I would assume that's why Apple made deals with AMEX, MC, and Visa since all of those companies have NFC card readers at retailers nationwide.
iWallet sounds way too much like google's service.
Touch ID will not only help Apple negotiate a lower fees with banks due to lower risk of fraud, it will greatly enhance consumers' confidence in using such a payment tool hence leading to wide adoption. good job Apple
Touch ID will not only help Apple negotiate a lower fees with banks due to lower risk of fraud, it will greatly enhance consumers' confidence in using such a payment tool hence leading to wide adoption. good job Apple
If it will allow me to pay anonymously, as is currently possible with existing iTunes store, it might even get me onboard. Didn't Apple just add the capability to directly drop cash on your iTunes account? Yes, it's here:
If whatever new-fangled scheme revealed tomorrow requires a tie-in with a bank-issued credit card, I have no interest (except as an AAPL investor), but can you imagine how beautiful a system would be where you can just drop cash onto your iTunes (or whatever this will be called) account and use it to pay for nearly anything, nearly anywhere? Without having every single purchase being tracked and profiled! Combined with security of TouchID, it could become almost as anonymous as cash, but more secure than a credit card. I don't really expect Apple's announcement tomorrow to fully meet this spec, but it's exciting to consider as a possibility.
Comments
This is a good thing that Apple is finally getting into the NFC market. They entered at the right moment. Now all my devices will start to work in more places.
Note that the right time for Apple is after they've done all the legwork so they can include the HW, SW, ecosystem and infrastructure to make it work. I think this secure enclave for Touch ID will likely be used for payments so that it's not stored on iCloud.
This is the reason that NFC and other forms of mobile payment are going to take off in the US in a big big way - that 20th Century Magstripe terminal will soon be a relic of the past.
Other countries (ie most of the world outside the US) are already on EMV and "tap and pay" are widely used in those countries.
Apple has timed this perfectly, and in adding to the iPhone will give NFC and by extension EMV a huge boost and encourage merchants (the smaller ones) to make the investment in the equipment (which isn't a huge chunk, really, but the reason that it's taken so long for US to migrate - infrastructure expense).
Another example of Apple timing their innovations perfectly and being the tail to wag the dog. Even non-iPhone users will benefit .
I'm hoping iWallet will be compatible with current NFC readers. I would assume that's why Apple made deals with AMEX, MC, and Visa since all of those companies have NFC card readers at retailers nationwide.
iWallet sounds way too much like google's service.
Maybe iPay? Short and sweet.
I think apples service will include more than just payments. Think drivers licenses, insurance cards etc.
iPay is the website for ADP pay statements, which many companies use.
Apple is buying ADP...CONFIRMED! (in the spirit of "Temporary Insanity" rumors)
Touch ID will not only help Apple negotiate a lower fees with banks due to lower risk of fraud, it will greatly enhance consumers' confidence in using such a payment tool hence leading to wide adoption. good job Apple
If it will allow me to pay anonymously, as is currently possible with existing iTunes store, it might even get me onboard. Didn't Apple just add the capability to directly drop cash on your iTunes account? Yes, it's here:
http://forums.appleinsider.com/t/181412/first-look-using-passbook-at-an-apple-store-to-buy-itunes-app-store-credit
If whatever new-fangled scheme revealed tomorrow requires a tie-in with a bank-issued credit card, I have no interest (except as an AAPL investor), but can you imagine how beautiful a system would be where you can just drop cash onto your iTunes (or whatever this will be called) account and use it to pay for nearly anything, nearly anywhere? Without having every single purchase being tracked and profiled! Combined with security of TouchID, it could become almost as anonymous as cash, but more secure than a credit card. I don't really expect Apple's announcement tomorrow to fully meet this spec, but it's exciting to consider as a possibility.