Apple Pay's success has rivals scrambling to catch up, could make PayPal an acquisition target

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  • Reply 101 of 146
    crowleycrowley Posts: 10,453member
    Since you're one frickin' data point in the whole payments universe, that's all that matters.

    Got it. Now, go away.
    The frick, dude?

    S/he asked a question, that's all. Why so much hostility?
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  • Reply 102 of 146
    solipsismysolipsismy Posts: 5,099member
    I don't think the 5s can be used for ApplePay.

    It can't, but in [@]asdasd[/@]'s defense [@]JBDragon[/@] did alter his topic to focus on Touch ID instead of ?Pay or even NFC. If [@]asdasd[/@] simply skimmed his comment he'd see numbers about Touch ID that are clearly inaccurate..
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  • Reply 103 of 146
    crowley wrote: »
    The frick, dude?

    S/he asked a question, that's all. Why so much hostility?

    "A" question? :rolleyes:
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  • Reply 104 of 146
    solipsismysolipsismy Posts: 5,099member
    cnocbui wrote: »

    I have quite some personal experience in making many hundreds of payments via Paypal over some years and I am failing to see in what way they are insecure.  Could you expound on this point please.

    What kind of buyer and seller protection does PayPal offer when money is pulled from your checking account?
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  • Reply 105 of 146
    What PayPal has going for it is a brand name (as an early mover) and international presence.

    They'll make for an incredibly attractive acquisition target.

    On the minus side, their mobile interface is atrocious, it's a matter of time before their security issues catch up with them, and they have barely, if any, non-online presence.
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  • Reply 106 of 146
    crowleycrowley Posts: 10,453member
    Quote:
    Originally Posted by anantksundaram View Post





    "A" question? image



    Yes, "a" question.  The question was "how is PayPal insecure?" which is a perfectly reasonable question.

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  • Reply 107 of 146
    solipsismysolipsismy Posts: 5,099member
    crowley wrote: »
    If you don't want to answer it, don't, but there's no need to be rude.

    Based on the poster's posting history, there may be reason to reply in a less than helpful manner.
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  • Reply 108 of 146
    crowleycrowley Posts: 10,453member

    Why?  How would the thread be made worse by pointing out actual reasons for viewing PayPal as insecure?  How does being rude contribute to a good community atmosphere?

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  • Reply 109 of 146
    misamisa Posts: 827member
    cnocbui wrote: »
    How are Apple Pay and Paypal competitors?  One is geared towards online transactions via websites like eBay while the other is chiefly for making contactless in-person payments where there is a capacity to do so.

    Apple Pay is the result of negotiations with PayPal going sour. Just like how Google Maps was excised from the stock iOS maps. Eventually Apple can just do it's own thing and cut out more of the middlemen, which in turn results in savings for Apple's customers or higher profitability.

    But not every middleman needs to be cut out.

    Paypal has constantly been pressured to be split off from eBay. eBay was actually moving in a good direction up until Meg Whitman left the company. The new guy John Donahoe has done nothing but "cut costs", first selling off Skype, and now Paypal, which were two of the three parts considered "core" of eBay. eBay started forcing people to use PayPal to use eBay, which actually increased PayPal's reach but also sent many buyers and sellers to places like Alibaba where they weren't forced to use PayPal.

    In a few years from now, expect eBay to be little more than an alternative to Amazon. eBay's decline has a lot to do with throwing out the small sellers in favor of the high volume Chinese powersellers.

    Paypal on the other hand might not have had the success it had if it weren't for eBay. Splitting PayPal off now means that either Paypal is going to be come a bank or, it's going to be acquired by one, and kiss the low-cost of using Paypal goodbye. This is where ApplePay comes in. When was the last time you ever saw a "PayPal" logo in a retail establishment? I've never seen one. When I go to conventions people are using Square, not Paypal. If ApplePay continues on the path it's on, ApplePay might be the only payment system you need, offline and online.
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  • Reply 110 of 146
    crowleycrowley Posts: 10,453member

    ^ Why would Skype be considered a core part of eBay?

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  • Reply 111 of 146
    asdasd wrote: »
    The 5s has touchID

    I don't think the 5s can be used for ApplePay.

    In-store Apple Pay requires a NFC-Chip and a NFC Antenna in the iPhone to connect with the NFC Chip in the POST Terminal

    Today, only the iPhone 6 and 6 Plus can be used for in-store Apple Pay.

    As has been pointed out in this thread, only these iPhones contain the requisite NFC Chip and NFC Antenna.


    The coming Apple Watch contains the requisite NFC Chip and NFC Antenna.

    When the Apple Watch becomes available in April, Apple will use the Watch's NFC capability to extend Apple Pay support to the iPhone 5, 5C and 5S while including support for the iPone 6 and 6 Plus.


    What is unclear, and in some dispute, is whether the iPhones supported by the Apple Watch are:
    1. required only for Apple Pay Setup of the Apple Watch (add credit cards and receive authorization from the banks for the Apple Watch)
    2. required during (as part of) the Apple Watch's in-store Apple Pay payment process
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  • Reply 112 of 146
    crowleycrowley Posts: 10,453member

    ^

    I think Q2 seems like a much easier answer than Q1, there doesn't seem to be any need for the phone to be present for the ?Watch to make a payment, there is no need for a network connection to anything.

    Q1 though, would you even be able to set up ?Pay on an ?Watch using one of the older iPhones?  How would you get the card information onto it given that the older iPhones don't have the secure element on the NFC chip?  Would the phone just be used as a pass through to the internet?  In which case, why not any iPhone, like the 4S, or earlier?  Indeed, why even need an iPhone specifically, why not an iPad or even a Mac?  Seems a bit weird.

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  • Reply 113 of 146
    crowley wrote: »
    Why?  How would the thread be made worse by pointing out actual reasons for viewing PayPal as insecure?  How does being rude contribute to a good community atmosphere?

    PayPal is insecure because your credit/debit card and bank information are stored online on the PayPal web site and thus are exposed to hacking -- as are any public web sites that store your card and bank information. public

    Actually, the Target and Home Depot private web sites are less-suceptable to hacking than PayPal.


    Freudian slip: I kept typing web slite -- PatPal on my mind.
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  • Reply 114 of 146
    crowleycrowley Posts: 10,453member

    ^ I suppose that's true, but it doesn't seem to justify the accusation that PayPal is (unusually) insecure.  iTunes stores credit card and bank information too.

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  • Reply 115 of 146
    solipsismysolipsismy Posts: 5,099member
    PayPal is insecure because your credit/debit card and bank information are stored online on the PayPal web site and thus are exposed to hacking -- as are any public web sites that store your card and bank information. public

    Actually, the Target and Home Depot private web sites are less-suceptable to hacking than PayPal.

    PayPal is also insecure because it keeps wanting to know if if its SSL makes it look fat.

    Freudian slip: I kept typing web slite -- PatPal on my mind.

    OT: are you familiar with Stadium Pal?
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  • Reply 116 of 146
    To WIMC:

    Saw your post ...

    Noticed that you are of Scandinavian lineage ...

    I grew up in St. Louis Park, a suburb of Minneapolis -- attended Lutheran Sunday school and 70% of my friends were:  ~son, ~sen, ~dahl, ~stad, ~stead ...
     
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  • Reply 117 of 146
    solipsismysolipsismy Posts: 5,099member
    crowley wrote: »
    ^ I suppose that's true, but it doesn't seem to justify the accusation that PayPal is (unusually) insecure.  iTunes stores credit card and bank information too.

    And that inherently makes it less secure than ?Pay.

    I'm hoping WWDC will bring some advancements to ?Pay that will also retailers online to store a representational card number, just like ?Pay does in the Secure Element on the NFC chip) that can't be used either on another website or through another vendor. This is somewhat more complex than ?Pay's end-to-end solution, but it's in the same vein; it's what I see as the next natural progression to helping further stop fraud.
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  • Reply 118 of 146
    crowleycrowley Posts: 10,453member

    ^ I don't deny that (contrary to what it may seem like, I'm not out to defend PayPal, I don't even use it), but the claim wasn't that PayPal is less secure than ?Pay, but that it is insecure in itself.

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  • Reply 119 of 146
    solipsismy wrote: »
    crowley wrote: »
    ^ I suppose that's true, but it doesn't seem to justify the accusation that PayPal is (unusually) insecure.  iTunes stores credit card and bank information too.

    And that inherently makes it less secure than ?Pay.

    I'm hoping WWDC will bring some advancements to ?Pay that will also retailers online to store a representational card number, just like ?Pay does in the Secure Element on the NFC chip) that can't be used either on another website or through another vendor. This is somewhat more complex than ?Pay's end-to-end solution, but it's in the same vein; it's what I see as the next natural progression to helping further stop fraud.

    I agree with that! It should significantly reduce online payment fraud!

    In addition, I suspect that the Apple Pay payment process might be enhanced to allow users Opt-In tracking of Apple Pay purchases for loyalty/rewards.
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  • Reply 120 of 146
    solipsismy wrote: »
    PayPal is insecure because your credit/debit card and bank information are stored online on the PayPal web site and thus are exposed to hacking -- as are any public web sites that store your card and bank information. public

    Actually, the Target and Home Depot private web sites are less-suceptable to hacking than PayPal.

    PayPal is also insecure because it keeps wanting to know if if its SSL makes it look fat.

    Freudian slip: I kept typing web slite -- PatPal on my mind.

    OT: are you familiar with Stadium Pal?

    No, * first I've heard of it ... Maybe I should be -- once dated a girl named Catheter Cathy ...

    She's the pianist!

    EditL

    * shoulda' said: Depends ...
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