3 ms·
> Cook went on to state, as he has before when talking about products like Apple Pay, that Apple ‘doesn’t want your data.’ I was actually somewhat disappointed
by magicalist 11y ago
> Cook went on to state, as he has before when talking about products like Apple Pay, that Apple ‘doesn’t want your data.’
I was actually somewhat disappointed by the Apple Pay approach (and that Android Pay is going to follow suit). I'd actually much rather have Apple or Google as an intermediary and give the credit card issuer no information about my transaction. It may seem nice to say that your phone OS sees no data about it, but of course the tradeoff is that the issuer does, and they are notorious sellers to data brokers.
I'd much rather have one time tokens for both the seller and the bank, and only my phone knows what actually happened in between.
- Sophistifunk 11y agoYou, me, and Apple. But no payment company would ever agree, so it's pretty much a non-starter for another 5 or 10 years.
- wvenable 11y ago> credit card issuer no information about my transaction Since the credit card issuer is actually the one paying (and you, in turn, pay them) this doesn't at all seem reasonable. Apple Pay is the middle man.
- magicalist 11y agoThink PayPal. The bank pays Apple Pay, Apple Pay pays the vendor. Google Wallet worked sort of like this through the dummy MasterCard card (MasterCard knew about the payment and the vendor, but not sure if it knew who you were). But as Sophistifunk says, this would be an incredibly hard sell for an industry already extremely reluctant to team up with anyone or anything new.
- deleted 11y ago[deleted]
- mcintyre1994 11y agoYea, that'd seem preferable but who would be on the hook for fraud/chargebacks etc? I don't see Apple or Google wanting to be in that game and I don't see consumers wanting to lose those protections.