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This could be the case. But then Apple would simply have to offer better terms to lure in customers (banks). Just like any other company offering a paid service
by apexalpha 4y ago
This could be the case. But then Apple would simply have to offer better terms to lure in customers (banks). Just like any other company offering a paid service. Having a good UX is part of that.
Nowadays they can basically charge whatever they want since they've eliminated all competition through software restrictions in iOS.
- tpush 4y agoThe better terms to lure banks all involve worse terms for the actual end user, which is the entire problem here. I'd much rather have Apple force all companies into a user/privacy-friendly policy than a race to the bottom where each company exfiltrates as much transaction data as possible by using their own apps for NFC payments.
- withinboredom 4y agoAs opposed to just Apple having that information doing God Knows What? They say they “care about privacy” but I have good reason to think they actually don’t (based on convos with some data scientists that worked there).
- Hamuko 4y agoI guess one solution would be to force Apple to open up the NFC chip, and force banks into providing companies like Apple and Google a way to do payments on their devices, and then have them duke it out on who can get the most consumers.