tjwolf

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tjwolf
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  • Future iPhone, Apple Watch sensors could detect low blood sugar based on body odor alone

    tjwolftjwolf
    BittySon said:
    This from a company that can't build a charger mat?  Apple really needs to find its way, and soon.  It starts at the top and the top is focused on all the wrong things.  
    They can't build a charger mat that accommodates 3 different devices, placed in random order & direction.  Point to a company that has successfully made such a device?
    randominternetpersonStrangeDayswatto_cobra

  • A public reluctant to use Apple Pay is being enticed by the Apple Card

    tjwolftjwolf
    SpamSandwich said:
    tjwolf said:
    SpamSandwich said:
    ravnorodom said:
    I had only used Apple Pay once because I accidentally left my wallet at home and I needed gas badly at that moment. Credit cards are still my go-to payment method even my "Wallet" app has all the cards in there. This is more of a habit that I'm used to. Not to mention when pumping gas, who wants to walk all the way in the store just to use Apple Pay when the pump accepts only cards.
    More pumps are being modified to take payments right at the pump, including Apple Pay. This is starting to rollout at Costco gas pumps, for example.
    I've been curious about this for awhile - as I've begun to see wireless payment options on gas pumps.  How does it actually work, though?  I mean, in a typical ApplePay (or credit card) transaction, you pay *after* receiving  the product or service.  But on gas pumps, you need to authenticate - usually by sliding your cc - before you can even begin to pump.  Does an ApplePay accepting pump basically do two transactions?  One with "zero" amount to authenticate and then another once you've pumped?
    I presume the series of two authentications would remain. First, swipe the Costco card then pay after.
    I wasn't really asking specific to Costco, even though the OP was.  If you went to gas station X and wanted to use ApplePay to pay for gas, how does that work?  With a regular credit card, the initial swipe serves as both the authentication (together with the zip code entered) and as the payment when you're done pumping gas (because the gas station has your CC data "in memory").  There's only one transaction with the CC company (although sometimes I also see an initial $1 tx as another poster pointed out).  But with ApplePay, the gas station can't keep anything in memory - it doesn't have any of my credit card data! and the token ApplePay uses for each tx is unique.  So how does it work under the covers, I wonder.
    watto_cobra

  • A public reluctant to use Apple Pay is being enticed by the Apple Card

    tjwolftjwolf
    SpamSandwich said:
    ravnorodom said:
    I had only used Apple Pay once because I accidentally left my wallet at home and I needed gas badly at that moment. Credit cards are still my go-to payment method even my "Wallet" app has all the cards in there. This is more of a habit that I'm used to. Not to mention when pumping gas, who wants to walk all the way in the store just to use Apple Pay when the pump accepts only cards.
    More pumps are being modified to take payments right at the pump, including Apple Pay. This is starting to rollout at Costco gas pumps, for example.
    I've been curious about this for awhile - as I've begun to see wireless payment options on gas pumps.  How does it actually work, though?  I mean, in a typical ApplePay (or credit card) transaction, you pay *after* receiving  the product or service.  But on gas pumps, you need to authenticate - usually by sliding your cc - before you can even begin to pump.  Does an ApplePay accepting pump basically do two transactions?  One with "zero" amount to authenticate and then another once you've pumped?
    watto_cobra

  • Everything you need to know about how to apply for and use the Apple Card

    tjwolftjwolf
    A couple things:
    "but so far it looks as if Apple won't rush to let you know what it [credit card #] is."  What makes you say that?  I thought I heard the presenter say that you can simply look up your credit card # in the wallet.
    "Apple will make most of its money out of Apple Card via its interest rates." Again, how do you know?  You don't have any information on Apple's deal with Goldman Sachs.  Goldman - since it's trying to break into the consumer space - could well have agreed to a profit sharing arrangement.  In a normal ApplePay transaction, Apple gets a small cut out of the transaction fee the bank issuing the credit card gets from the merchant (the credit card network gets another cut).  When ApplePay first came out, its cut was rumored to be around 0.125%.  For reference, I read that the credit card company gets about 0.75% and the bank gets the rest - on a 3% charge to the merchant, that would be 2.125%.  For all we know, GS and Apple could be splitting the 2.25% right down the middle.  The same could be the case with the interest Goldman collects from carried balances.  Or, conversely, maybe Apple doesn't get anything from that - in which case interest rates won't be a source of income for Apple at all!
    neilmn2itivguywatto_cobra

  • A public reluctant to use Apple Pay is being enticed by the Apple Card

    tjwolftjwolf
    the monk said:
    AppleInsider said:
     Only 7 percent thought the card's privacy and security features were the most important part
    I just shake my head at this, no matter how many security breaches at Target, Facebook, etc. and people’s personal experiences of their credit cards numbers being stolen, people deep down don’t care about identity theft. I’ll never forget one post by a AppleInsider forum member who didn't want to use Apple Pay because he didn’t want to turn on passcode. What a whining idiot, I hope he doesn’t wake up one day to find out someone withdrew his entire 401k into an offshore account.
    That 7 percent relates to the Apple Card, not ApplePay itself.  To be honest, the Apple Card doesn't really add all that much security over other credit cards - pretty much just "security by obscurity" (not printing card #, expiration date, and CVV on the physical card).  Every credit card added to Apple Wallet enjoys the same increased ApplePay security.
    cornchipwatto_cobra