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Only if everybody uses phones with Apple Pay compatible payment systems will every business see the need to support Apple Pay. I hope everyone gets on the same

• mcintyre1994 12y ago
  Do they need anything above and beyond an NFC reader that supports contactless cards? Contactless is getting really popular in the UK - it's super cool if it is just that that it needs to work. Contactless on the tube too!
  • lstamour 12y ago
    The ones that roll out alongside chip-and-pin seem to be all that's needed to meet the requirements of this system from a technology standpoint. Behind the scenes, the hardware passes your fake device-account number as it would a credit card, and someone turns that into an actual credit card number deep in a financial system your retailer uses. There's different standards for contactless payment, though, and I bet Apple's partnering with EMV players because it wants to be as compatible as possible with existing arrangements.
• shekyboy 12y ago
  With the upcoming EMV transition most businesses are on that path. New POS terminals will have NFC built into it. Additionally this system offers a secure mechanism to the merchant as well without making a dent to their business processes. That should motivate them to move quickly on it to prevent Target/Home depot style mess. Finally the narrative around this is going to evolve the public perception. They are going to demand this from merchants for security, which should move the ball forward.
• manicdee 12y ago
  Expect to see Visa and Mastercard pushing this technology. As in: if you want to do business with Visa or Mastercard, you must use this technology. The merchant may end up facing higher fees for using card & sign terminals instead of chip & pin or NFC & token.