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I think the problem here is that Apple wants payments on the iPhone to be secure, easy and private. If they gave banks full access to the api, they would do wha

I think the problem here is that Apple wants payments on the iPhone to be secure, easy and private. If they gave banks full access to the api, they would do what’s in their best interest (reusing CCs numbers accross vendors, making it harder to use more beneficial cards, less transparency). This would mean that paying on iPhone would be considered harder or more inconvenient then using a card because many consumers don’t know the difference between Apple Pay and their bank app’s payment system. It would also mean that fewer banks adopt Apple Pay, which is already not that great in many countries. I’m honest not sure if opening up the system would be a net benefit. There are certainly advantages to keeping it closed but we also miss many great opportunities with NFC because of that. I would expect Apple to open it up eventually, when users become used to using Apple Pay and expecting the same convinces from their bank app

rat9988 7y ago
> Apple wants payments on the iPhone to be secure, easy and private. I don't trust apple for that more than I trust my bank anyway.
- AmericanChopper 7y ago
  > I don't trust apple for that more than I trust my bank anyway. Having worked for many banks, I’d advise you to reconsider that position.
wsy 7y ago
It is a simple matter of competition. As a customer, if I consider Apple Pay so much more convenient, I'll choose a bank which supports it. So banks are under pressure to either support Apple Pay, or create an equally customer-friendly offer. If I consider another offer better for me, I will use their App instead of Apple Pay. So Apple can't just enjoy their monopoly, but is under pressure to be the best option for customers.
- AmericanChopper 7y ago
  > It is a simple matter of competition. It’s most certainly not that simple. Anybody who wants to is free to compete with Apple, and many, many companies already do. But this is legislators dictating what 3rd party software Apple must support in its operating systems. Why stop there? Why not force Apple to support 3rd party providers as an alternative to iCloud? Why not mandate a 3rd party App Store? Why should Apple be allowed any control over which operating system or hardware features it exposes to 3rd parties at all? Why should Amazon be allowed to ship a kindle that only supports their book store?
  - wsy 7y ago
    It is certainly that simple. You might not like it, because it limits the ability of Apple to exploit their ecosystem for rent-seeking. But it is just opening up an area for competition. And indeed, why not doing this for other closed ecosystems as well, if this is beneficial for the public?
    - AmericanChopper 7y ago
      Because by doing so you’re making an enormous amount of software illegal, and compelling software developers by law to support anything any other developer may want to do. According to your logic, Apps should have full access to ring 0 too. If public benefit is your only concern, then why don’t you consider the benefit of closed ecosystems, or at least of consumers having the option to choose one? I don’t see any public benefit in removing options for consumers. If open ecosystems offer such a superior benefit to consumers, then surely they would be able to out compete closed ones.
      - wsy 7y ago
        No, according to my logic, ecosystems should be forced to open up where it is beneficial to the public. This pretty obviously excludes access to ring 0. Also, it needs to be balanced with the interests of the companies owning the ecosystem.
amluto 7y ago
> reusing CCs numbers accross vendors Apple Pay does exactly this. It’s called the Device Account Number.

rat9988 7y ago

> Apple wants payments on the iPhone to be secure, easy and private. I don't trust apple for that more than I trust my bank anyway.

AmericanChopper 7y ago
> I don't trust apple for that more than I trust my bank anyway. Having worked for many banks, I’d advise you to reconsider that position.

wsy 7y ago

It is a simple matter of competition. As a customer, if I consider Apple Pay so much more convenient, I'll choose a bank which supports it. So banks are under pressure to either support Apple Pay, or create an equally customer-friendly offer. If I consider another offer better for me, I will use their App instead of Apple Pay. So Apple can't just enjoy their monopoly, but is under pressure to be the best option for customers.

AmericanChopper 7y ago
> It is a simple matter of competition. It’s most certainly not that simple. Anybody who wants to is free to compete with Apple, and many, many companies already do. But this is legislators dictating what 3rd party software Apple must support in its operating systems. Why stop there? Why not force Apple to support 3rd party providers as an alternative to iCloud? Why not mandate a 3rd party App Store? Why should Apple be allowed any control over which operating system or hardware features it exposes to 3rd parties at all? Why should Amazon be allowed to ship a kindle that only supports their book store?
- wsy 7y ago
  It is certainly that simple. You might not like it, because it limits the ability of Apple to exploit their ecosystem for rent-seeking. But it is just opening up an area for competition. And indeed, why not doing this for other closed ecosystems as well, if this is beneficial for the public?
  - AmericanChopper 7y ago
    Because by doing so you’re making an enormous amount of software illegal, and compelling software developers by law to support anything any other developer may want to do. According to your logic, Apps should have full access to ring 0 too. If public benefit is your only concern, then why don’t you consider the benefit of closed ecosystems, or at least of consumers having the option to choose one? I don’t see any public benefit in removing options for consumers. If open ecosystems offer such a superior benefit to consumers, then surely they would be able to out compete closed ones.
    - wsy 7y ago
      No, according to my logic, ecosystems should be forced to open up where it is beneficial to the public. This pretty obviously excludes access to ring 0. Also, it needs to be balanced with the interests of the companies owning the ecosystem.

amluto 7y ago

> reusing CCs numbers accross vendors Apple Pay does exactly this. It’s called the Device Account Number.