anantksundaram

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anantksundaram
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  • Apple Pay under scrutiny by EU for possible anti-competitive payment practices


    g3. said:

    To other comments: Contactless payments (NFC) was in EU before apple pay and terminals were pretty common. Which made the adoption much smoother than in the us where nfc terminals were not available that much... blah blah
    Nonsense. Half the retailers and restaurants I encountered in France, Italy, and Germany — all countries where I traveled post-AppleCard — have not enabled ‘contactless’. Not by a long shot.

    You’re badly exaggerating.
    apple ][
  • Apple Pay under scrutiny by EU for possible anti-competitive payment practices

    urahara said:
    I am from EU. And I am ashamed of this news. WTF, really. 
    ....
    We need EU commissioner Margrethe Vestager  to resign!
    She’s overreaching. I don’t think this — along with the planned digital revenue taxes — will end well for the EU.
    apple ][
  • Apple Pay under scrutiny by EU for possible anti-competitive payment practices

    g3. said:
    These stupid thumb-twiddlers who can't innovate to save their asses, going after US tech again...

    Payments now. Pathetic. And ridiculous.
    Limiting usage of NFC for 3rd parties is clearly anti-competition behavior. It’s like to say you will use only Safari at your iPhone because of security. It will not go like that forever. It can’t. Apple is just milking NFC payments and keep all generated on iPhone for themselves. 
    More to say, apple pay didn’t improve “payment culture” in Europe much. When US was using swipe and sign, EU was doing chip and pin payments (more secure) and contactless payments were pretty common long before apple pay. In general, acquiring and payment services as such are more developed in EU - that’s for the innovations.
    Main point is that Apple is really limiting developers to make use of NFC and deliver additional services on top of apple pay...
    Wow. That’s a rather stupid set of arguments. Security matters. The EU milks it to death for all of its digital policies (and more often than not, uses it as an excuse).

    More importantly: if Apple is not terribly relevant since the Europe “payment culture” is already developed — as you claim — what’s the need for this silly boondoggle?

    These are the types of arguments that will leave you permanently in the digital backwaters. Enjoy it.
    apple ][
  • Apple Pay under scrutiny by EU for possible anti-competitive payment practices

    These stupid thumb-twiddlers who can't innovate to save their asses, going after US tech again...

    Payments now. Pathetic. And ridiculous.
    chaickajbdragond_2SpamSandwichberndogtmayrazorpitlkruppbshankGG1
  • Apple Card had the 'most successful credit card launch ever' says Goldman Sachs

    It is easily the the most consumer-friendly credit card I’ve owned.

    Since the AppleCard, I’ve barely used my Amex. The only reason I’ll keep it going by paying the fees is for the lounge access, 5x points on travel bookings, and a few other perks. For pretty much everything else, it’s AC. If, at some point, Apple can create a higher tier card — obviously with fees — with Amex-style perks, it could put Amex out of business.
    MissNomerlostkiwi