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And for yet more context: - Australia already has widespread NFC payment terminals and has for years. My anecdotal estimate would put the terminals in Melbourn
by Veratyr 10y ago
And for yet more context:
- Australia already has widespread NFC payment terminals and has for years. My anecdotal estimate would put the terminals in Melbourne at ~95% accepting NFC. Everything from a McDonald's to a department store to a coffee shop accepts it.
- NFC is a frequently used feature of many Australian credit cards (as in you wave the card itself at the terminal).
- Many of the Australian banks already offer NFC payment apps on Android devices that cost nothing extra to the merchant or the consumer.
And for some opinion:
This has nothing to do with security. The banks want access to the iPhone for their apps. Apple wants access to the banks' users. The impression I got was that the banks may be willing to give Apple access to their users if Apple gives the banks access to their phones.
Apple however doesn't just want to be a competitor in a free payments market on the iPhone, it wants to monopolise it like it always has.
- abalone 10y agoOf course it has something to do with security. First, Apple Pay secures all purchases with Touch ID. The only way to make NFC cards as convenient is to skip asking for PINs. That's less secure. Second, providing direct developer access to NFC on the phone would open up an attack surface. It would inevitably result in more hacks. I find it ironic that you are arguing monopolization when the issue is literally banks seeking to act as a cartel. Apple is not a monopoly. It has healthy competition in the form of Samsung.
- iamshs 10y agoExactly, banks are wanting to create a cartel here to define industry standards so that they can roll out their own silos. Each bank having its own shitty payment app. As if the ridiculous Poli payment stuff was not enough. My bank does not even have 2FA; will never trust them with security more than Apple.