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> Apple won't work with my bank More likely your bank won’t work with Apple because they don’t want to pay Apple a cut of the fees. > Note that it's an OPTION
by cynix 7y ago
> Apple won't work with my bank
More likely your bank won’t work with Apple because they don’t want to pay Apple a cut of the fees.
> Note that it's an OPTION - Apple Pay is still there and can still be supported and used by whoever.
It’s highly likely that if Apple opens up NFC access to bank apps, they’ll stop supporting Apple Pay and force you to use their app, so there won’t be an option.
- holstvoogd 7y agoExactly, here in the Netherlands I know at least two bank support ApplePay and that works great. All the other banks are not supported because they don't want to make the effort.
- akvadrako 7y agoI think your information is out of date. The biggest banks like ABN-AMRO and Rabobank now support Apple pay along with the few that have supported it for months.
- izacus 7y ago> More likely your bank won’t work with Apple because they don’t want to pay Apple a cut of the fees. So now it'll work because they can choose another processor which doesn't demand Apple's fees. That's how free market should work. If Apple provides value, then they'll keep using Apple Pay.
- colejohnson66 7y agoThere already is a free market: buy an Android. You’re not required to buy an iPhone.
- Fnoord 7y agoWith the alternative, Google Pay, you pay with your privacy.
- soylentcola 7y agoTo be fair, isn't this the case with most credit cards as well? Any record of purchases you create is a privacy risk because somewhere there's at least one entity involved in authorizing and processing transactions. If anything, wouldn't being able to use an app specific to your bank remove one more middleman (Apple, Google, whoever) from the process?
- Fnoord 7y agoI've never used credit cards; only debit cards and bank cards. I'm not so sure they sell my data, given GDPR. They might've in past though.
- soylentcola 7y agoI guess my point is that there's a lot to "privacy" when used generally. Direct selling data is one thing, but not the only thing of concern. There's also the issue of data breaches and other malfeasance like that. Even if the bank itself doesn't sell data do Visa or Mastercard (or whatever company handles processing?) How about other entities, like retailers? Bank/debit cards can still be used to build a profile, no? I don't mean to criticize your personal usage policies because I've largely come to accept that we can't avoid all risk of data theft or misuse as long as we're using electronic payment. I just think it's more complicated than "but Google, therefore selling data". For my part, I try to limit the number of hands in the pot, so to speak. If my bank and the card processor and the seller get info, do I benefit from adding my device's OS maker to the mix? On Android I can choose to use my bank's app rather than Google's service if I want to avoid yet another potential for leaks or profile building. I look at skipping Apple or Google Pay the way I look at skipping "loyalty cards" which offer some minor discount or convenience in exchange for another hand in the pot.