mizhou

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mizhou
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  • EU Apple Pay antitrust action is complete, after NFC opened to competitors

    mizhoumizhou
    teejay2012 said:
    cessnapaul said:
    mizhou said:
    “In short, iPhone users in the EU will be able to replace Apple Pay and Apple's Wallet with offerings from other yfirms.”

    I don’t think so. What EU has done is open up the possibility for other companies to create their own wallets. Pretend that this was in the USA, and Walmart created their own wallet, and MacDonalds their own etc. 

    That hasn’t created a freedom for me as a customer to choose a wallet. Instead they will have to have a Walmart wallet, a MacDonalds wallet etc in addition to Apple Wallet. I’m enforced to use several different wallets. In theory I will have to have a wallet app for wvery store I shop in. This is a freedom for the companies to create their own wallets, and I will have to use multiple wallets, NOT a freedom for me to choose one wallet that I can use everywhere. 

    The EU politicians have absolutely no clue what they’ve done. They’ve created a mess, not freedom for consumers. 
    This is more about removing Apples swipe fees from the merchants. Apple gets a small fee each time their wallet is selected, and banks hate this fee, and therefore want to create their own loop excluding Apple wallet.
    And to be clear, Apple didn't invent NFC, nor were they the first company to put it in a phone, so for them to use their power to 'gatekeep' this from business' and iPhone users should be removed I think.

    No Apple did not invent NFC. No one ever claimed they did. However the tokenization they brought with Apple Pay added a great deal of security. I think especially in the US where using PINs with credit cards was a very slow adoption. And yes I know others have brought tokenization to their wallets, but I am fine with Apple Pay and if they take a small charge to make my transactions secure, merchants can add that to my bill. They seem to be good at passing on every other cost.
    I agree! The tokenisation and biometric authentication to  confirm the transaction makes it far more secure, compared to swiping the card itself. The card issuers have been charging far higher fees for every transaction, than Apple does. Those high fees have been covering not only the costs of doing the transactions but also the cost of paying money back to us customers in cases where we’ve been victims of skimming or others means of criminal withdrawal of money from our accounts. 

    It’s not so many years ago where you gave your card to the waiter in a restaurant and they went to the cash register to use the magnetic strip of the card in a card reader. A criminal working as a waiter could easily take a photo of the front of the card to get your card number, and a photo of the back to get the CCV/CVV three digit code on the back, and then use that to order stuff from the internet. It happened to a friend of mine about 15–20 years ago), when he was at some convention in Germany. Right after he got back home to Sweden another transaction was made with his card number in Germany and about 200 Euro was drawn from his account. He got his money back, and that is partly why the card issuers have those high fees. 

    With ApplePay this can’t happen,, but the card issuers still charge the high fees from merchants, and since they don’t have to pay for such fraudulent activities, those high fees are pure source of extra income for them. I think they should be forced to lower their fees instead of taking away the small fee Apple charges. 
    teejay2012

  • EU Apple Pay antitrust action is complete, after NFC opened to competitors

    mizhoumizhou
    danox said:
    Walmart won't have anything they are not in Europe.

    I know they’re not in Europe, but the guess some people reading and commenting here are from USA, and don’t know about stores we have here, so I used Walmart as an example, because they already knew that Walmart has rejected support for ApplePay and wants to have their own solution. 

    But live in Sweden, and there are stores here that have their own cards. Those stores are not in the USA, and many of them not even in other EU countries, like ICA for example. We have ICA, Coop, Lidl, H&M and many other stores here. Most of them already have their membership or customers bonus cards that gives some benefits, and some even have their own credit cards like IKEA (Ikano), ICA, Norwegian (airline and bank) and many more. How many of them will support other wallets, when they implement their own wallets?

    Then I need a Norwegian wallet to by airplane tickets, an Ikano card alley to shop at IKEA, an ICA wallet to shop in ICA stores etc. Unless EU will force them to support all wallets from other companies, while ch would be very costly, my guess is that each one of them will require you to use their own wallet. This means I will have to install multiple wallets, and can not freely choose one wallet for all my purchases. 
    ForumPostwilliamlondonwatto_cobra

  • Thunderbolt 5 vs Thunderbolt 4 -- everything you need to know

    mizhoumizhou
    Asynchronous has nothing to do with split speed. The correct is asymmetric transfer, when the speed is 120/40 and symmetric when the speed is 80/80. 

    Asynchronous/synchronous has to do with timing. For synchronous transfers both the sender and the receiver have a common clock, which determines the transfer rate. With async transfers, start and stop bits are used or some other means to mark the start of a transfer. 
    bloggerblogwatto_cobraForumPostdewme