I was skeptical - and still am - about the future of ApplePay, but it's certainly nice to see the list of adopters continue to swell.
The problem remains, to get the average person - not the AI reader, or techie, or 30-and-under - to understand why ApplePay is such a significant improvement in security and safety, and, to a lesser extent, ease-of-use.
These are the folks whose spending, by dint of sheer numbers, will make or break this foray into a new business for Apple, and, at least so far, that group still seems pretty clueless, because their sources of information (e.g. the evening news, etc.) are also generally pretty clueless, about the finer points, the specific distinctions, between it and everything that's gone before.
85 million of those people just got their ID information stolen on top of the millions who earlier all got letters with the breach into Home Depot, Target and various grocery chains (I had a BofA card replaced with a new number related to one of those) so personal credit card security keeps getting very real world notice. Apple Pay offers a wall to prevent the sort of leaks Target etc. had (not Athena Health of course) and it's a lot more convenient than cash which is the other choice once you get sick of changing credit card accounts overtime a store losses your info.
Fyi I work for JPMorgan and no the palladium card isn't worth $1000 lol
You also don't need $20m if you want one either.
Then what do you need to get it? To be honest, I don't even care about the benefits I just want a sturdy, nice, non-plastic Visa card.
If I recall correctly it's the "highest" Visa card, aside from maybe the black Hyundai card. That one seems even more special, the Visa logo is actually located at the back of the card–the front is flawless.
The highest AmEx would be the Centurion but I wonder what's the highest MasterCard?
Having gone slightly off topic; I noticed that of the elite cards, the AmEx Centurion had Apple Pay from day 1, with the Morgan Palladium only this week getting it. It seems that MasterCard is always lagging behind the other two, despite it's rather brilliant marketing campaigns.
20 shillings = one pound. 12pennies x 20shillings=240 pennies in a pound.
Also, a two bob bit , (or florin , posh , eh ,) was a two shilling coin . A half-crown coin was worth two shillings and sixpence. Therefore, 5 two bob bits made 10 shillings, (half of a pound ) , and 4 half-crowns also made 10 shillings, (half of a pound .) The only notes in general use were a ten bob note, (half a quid), one pound note, five pound note, and you might even see a tenner.
There is a Pub in Islington (London) where they still charge you in the old money - that is, you pay in the 'new' money but they give you the price in the old.
Thanks for the post - I had no idea. I've always heard bob, farthing, shilling, quid, etc. in British movies, and had no clue of their value.
No wonder so much computer development (Turing etc.) came from England - they needed it to figure out how to buy a sandwich.
I read an article today that speculated that Apple could be interested in purchasing/acquiring Discover outright. That would explain why the long delay in such a prominent card issuer. I personally use Discover for almost all my purchases and have not been able to use Apple Pay... kinda annoying. Here was the article: http://www.pymnts.com/news/acquiring/2015/payments-industry-pairings-partings/#.VOTHe4ZOKnM
I read an article today that speculated that Apple could be interested in purchasing/acquiring Discover outright. That would explain why the long delay in such a prominent card issuer. I personally use Discover for almost all my purchases and have not been able to use Apple Pay... kinda annoying.
No, Discover is to blame for their lack of presence on Apple Pay.
They pulled the plug on the NFC contactless payment platform, Discover Zip, and in doing so, had no production system in place when Apple Pay went live in October 2014.
Discover tried to invent a wheel, but it was lumpy so Discover threw it into trash and didn't make much effort to do anything about it. Now Discover needs to reinvent the wheel whereas Visa, MasterCard, Amex all stuck with their NFC contactless strategies.
Had Discover stuck with Zip, they might be on Apple Pay today, but that is water under the bridge. Now they need to work around the clock to implement NFC contactless payment: catch-up mode.
85 million of those people just got their ID information stolen on top of the millions who earlier all got letters with the breach into Home Depot, Target and various grocery chains (I had a BofA card replaced with a new number related to one of those) so personal credit card security keeps getting very real world notice. Apple Pay offers a wall to prevent the sort of leaks Target etc. had (not Athena Health of course) and it's a lot more convenient than cash which is the other choice once you get sick of changing credit card accounts overtime a store losses your info.
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
Just give it time. I recall vividly the disbelief in the UK that we'd ever be able to master decimalized currency. For ages I remember the stalls at the local produce market had items priced in both the old system (base 20 AND base 12) and the new (base 10). Newspapers were full of horror stories about the elderly or math(s) challenged being befuddled and / or cheated. Same probably went for the change over to metric measurements but I'd escaped by then.
Oh - <span style="color:rgb(20,24,35);line-height:1.4em;">Things were so simple before the 1971 decimalization...</span>
<p style="color:rgb(20,24,35);margin-bottom:6px;margin-top:6px;">4 farthings to a penny.
2 farthings to a haepney
2 haepneys to a penny .
<span style="display:inline;">3 pennies = thruppence. 4 thrupenny bits= 1 shilling.
6 pennies = sixpence. 2 "tanners" = 1 shilling.
12 pennies = one shilling.
20 shillings = one pound. 12pennies x 20shillings=240 pennies in a pound.</span>
</p>
<div style="color:rgb(20,24,35);display:inline;">
<p style="margin-bottom:6px;">Also, a two bob bit , (or florin , posh , eh ,) was a two shilling coin . A half-crown coin was worth two shillings and sixpence. Therefore, 5 two bob bits made 10 shillings, (half of a pound ) , and 4 half-crowns also made 10 shillings, (half of a pound .) The only notes in general use were a ten bob note, (half a quid), one pound note, five pound note, and you might even see a tenner.</p>
<p style="margin-bottom:6px;"> </p>
<p style="margin-bottom:6px;">There is a Pub in Islington (London) where they still charge you in the old money - that is, you pay in the 'new' money but they give you the price in the old.</p>
<p style="margin-bottom:6px;"> </p>
</div>
Great post.
And don't forget that two pennies was tuppence. Still is.
Oh - <span style="color:rgb(20,24,35);line-height:1.4em;">Things were so simple before the 1971 decimalization...</span>
<p style="color:rgb(20,24,35);margin-bottom:6px;margin-top:6px;">4 farthings to a penny.
2 farthings to a haepney
2 haepneys to a penny .
<span style="display:inline;">3 pennies = thruppence. 4 thrupenny bits= 1 shilling.
6 pennies = sixpence. 2 "tanners" = 1 shilling.
12 pennies = one shilling.
20 shillings = one pound. 12pennies x 20shillings=240 pennies in a pound.</span>
</p>
<div style="color:rgb(20,24,35);display:inline;">
<p style="margin-bottom:6px;">Also, a two bob bit , (or florin , posh , eh ,) was a two shilling coin . A half-crown coin was worth two shillings and sixpence. Therefore, 5 two bob bits made 10 shillings, (half of a pound ) , and 4 half-crowns also made 10 shillings, (half of a pound .) The only notes in general use were a ten bob note, (half a quid), one pound note, five pound note, and you might even see a tenner.</p>
<p style="margin-bottom:6px;"> </p>
<p style="margin-bottom:6px;">There is a Pub in Islington (London) where they still charge you in the old money - that is, you pay in the 'new' money but they give you the price in the old.</p>
<p style="margin-bottom:6px;"> </p>
</div>
Thanks for the post - I had no idea. I've always heard bob, farthing, shilling, quid, etc. in British movies, and had no clue of their value.
No wonder so much computer development (Turing etc.) came from England - they needed it to figure out how to buy a sandwich.
Indeed.
There's a case for going back to it, if only to improve everyone's maths.
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
People are generally unaware about ID theft countermeasures... Until it happens to them... Once or twice. Then, they seek that info out :-).
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
People are generally unaware about ID theft countermeasures... Until it happens to them... Once or twice. Then, they seek that info out :-).
Well, I think we can agree it'd be nice if the word got out before that happened!
Comments
I was skeptical - and still am - about the future of ApplePay, but it's certainly nice to see the list of adopters continue to swell.
The problem remains, to get the average person - not the AI reader, or techie, or 30-and-under - to understand why ApplePay is such a significant improvement in security and safety, and, to a lesser extent, ease-of-use.
These are the folks whose spending, by dint of sheer numbers, will make or break this foray into a new business for Apple, and, at least so far, that group still seems pretty clueless, because their sources of information (e.g. the evening news, etc.) are also generally pretty clueless, about the finer points, the specific distinctions, between it and everything that's gone before.
85 million of those people just got their ID information stolen on top of the millions who earlier all got letters with the breach into Home Depot, Target and various grocery chains (I had a BofA card replaced with a new number related to one of those) so personal credit card security keeps getting very real world notice. Apple Pay offers a wall to prevent the sort of leaks Target etc. had (not Athena Health of course) and it's a lot more convenient than cash which is the other choice once you get sick of changing credit card accounts overtime a store losses your info.
Fyi I work for JPMorgan and no the palladium card isn't worth $1000 lol
You also don't need $20m if you want one either.
Then what do you need to get it? To be honest, I don't even care about the benefits I just want a sturdy, nice, non-plastic Visa card.
If I recall correctly it's the "highest" Visa card, aside from maybe the black Hyundai card. That one seems even more special, the Visa logo is actually located at the back of the card–the front is flawless.
The highest AmEx would be the Centurion but I wonder what's the highest MasterCard?
Having gone slightly off topic; I noticed that of the elite cards, the AmEx Centurion had Apple Pay from day 1, with the Morgan Palladium only this week getting it. It seems that MasterCard is always lagging behind the other two, despite it's rather brilliant marketing campaigns.
Oh - Things were so simple before the 1971 decimalization...
4 farthings to a penny.
2 farthings to a haepney
2 haepneys to a penny .
3 pennies = thruppence. 4 thrupenny bits= 1 shilling.
6 pennies = sixpence. 2 "tanners" = 1 shilling.
12 pennies = one shilling.
20 shillings = one pound. 12pennies x 20shillings=240 pennies in a pound.
Also, a two bob bit , (or florin , posh , eh ,) was a two shilling coin . A half-crown coin was worth two shillings and sixpence. Therefore, 5 two bob bits made 10 shillings, (half of a pound ) , and 4 half-crowns also made 10 shillings, (half of a pound .) The only notes in general use were a ten bob note, (half a quid), one pound note, five pound note, and you might even see a tenner.
There is a Pub in Islington (London) where they still charge you in the old money - that is, you pay in the 'new' money but they give you the price in the old.
Thanks for the post - I had no idea. I've always heard bob, farthing, shilling, quid, etc. in British movies, and had no clue of their value.
No wonder so much computer development (Turing etc.) came from England - they needed it to figure out how to buy a sandwich.
You are so right! That said the challenge of using the UK currency back then probably lead to such genius.
Haha. No.
I read an article today that speculated that Apple could be interested in purchasing/acquiring Discover outright. That would explain why the long delay in such a prominent card issuer. I personally use Discover for almost all my purchases and have not been able to use Apple Pay... kinda annoying.
No, Discover is to blame for their lack of presence on Apple Pay.
They pulled the plug on the NFC contactless payment platform, Discover Zip, and in doing so, had no production system in place when Apple Pay went live in October 2014.
Discover tried to invent a wheel, but it was lumpy so Discover threw it into trash and didn't make much effort to do anything about it. Now Discover needs to reinvent the wheel whereas Visa, MasterCard, Amex all stuck with their NFC contactless strategies.
Had Discover stuck with Zip, they might be on Apple Pay today, but that is water under the bridge. Now they need to work around the clock to implement NFC contactless payment: catch-up mode.
I was skeptical -
85 million of those people just got their ID information stolen on top of the millions who earlier all got letters with the breach into Home Depot, Target and various grocery chains (I had a BofA card replaced with a new number related to one of those) so personal credit card security keeps getting very real world notice. Apple Pay offers a wall to prevent the sort of leaks Target etc. had (not Athena Health of course) and it's a lot more convenient than cash which is the other choice once you get sick of changing credit card accounts overtime a store losses your info.
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
Great post.
And don't forget that two pennies was tuppence. Still is.
Just my two cents.
Indeed.
There's a case for going back to it, if only to improve everyone's maths.
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
People are generally unaware about ID theft countermeasures... Until it happens to them... Once or twice. Then, they seek that info out :-).
Yes, you'd think such tales would eventually have their effect, especially coming on the heels of the decade in which "identity theft" became a household term, a sitcom joke, and a huge business in its own right.
I maintain the average person is still largely unaware of the protections ApplePay affords, although people conversing here are not.
People are generally unaware about ID theft countermeasures... Until it happens to them... Once or twice. Then, they seek that info out :-).
Well, I think we can agree it'd be nice if the word got out before that happened!