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Kablooie

(19,115 posts)

20. Japan has had a secure system like Apple Pay since 2004.

Reply to Kablooie (Original post)

Mon Oct 27, 2014, 06:29 PM

Oct 2014

Most of Europe has had it for years too.
America is the only country that relies on cards with 1960 magnetic strips which are easily duplicated.

You may hate that Apple is spearheading this but it's needed with all the credit card breaches recently.
Google has their version, Google Wallet but it didn't take off but Apple Pay terminals can handle Google Wallet transactions as well so it doesn't have to be an Apple monopoly.

Any company that can make NFC payment systems standard will be doing a service for consumers by decreasing the fraud from stolen personal and credit card information.

America is usually the last to adopt new technologies even though we often invent them first.
If Apple Pay fails it will be a setback for all of us.

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Highlight:

Big Retailer's New Clunky Attempt To Kill Apple Pay And Credit Card Fees [View all] Kablooie Oct 2014 OP

dear apple lovers: it's called "free market competition" nt msongs Oct 2014 #1

Keeping Apple from competing is free market competition? DisgustipatedinCA Oct 2014 #8

+1 Agschmid Oct 2014 #11

Apple is not being kept from competing. nt. NCTraveler Oct 2014 #12

Am I reading this wrong? Action_Patrol Oct 2014 #14

^^THIS^^ Atman Oct 2014 #16

Another vendor is offering a service that will save more money. NCTraveler Oct 2014 #25

You're being daft. Action_Patrol Oct 2014 #31

A group of businesses colluding to stop something isn't "free market competition" FLPanhandle Oct 2014 #13

That doesn't mean what you think it means. Action_Patrol Oct 2014 #15

I am going to take a wild guess that these large retailers Erich Bloodaxe BSN Oct 2014 #2

Not exactly Xithras Oct 2014 #7

Cash is looking better with each new tech. development. canoeist52 Oct 2014 #3

Exactly! arcane1 Oct 2014 #4

yep. no worries about security breaches. littlewolf Oct 2014 #5

We are doing this more and more JustAnotherGen Oct 2014 #26

The real problem... Xithras Oct 2014 #6

CurrentC is dead on arrival too, Sen. Walter Sobchak Oct 2014 #21

That's more marketing than anything. Xithras Oct 2014 #23

Consumers fear overdrafts more than credit card security breaches Sen. Walter Sobchak Oct 2014 #24

I don't see why I can't just use the Clipper card I use on transit KamaAina Oct 2014 #22

If I'm running a business, I wouldn't limit how my customers want to pay me. FLPanhandle Oct 2014 #9

If you own a small business you can go quite crazy SheilaT Oct 2014 #28

Limiting options isnt always bad for business. Travis_0004 Oct 2014 #32

Wow that sounds clunky & unsafe. Good luck, Walmart. DirkGently Oct 2014 #10

Here's what's really happening... brooklynite Oct 2014 #17

In this case, good... I really don't want Apple controlling payments with more of their JCMach1 Oct 2014 #18

You do realize that Android phones have NFC capability too FLPanhandle Oct 2014 #19

Seems like that's not going to happen anyway since the payment universe is set to remain fragmented. JCMach1 Oct 2014 #33

Japan has had a secure system like Apple Pay since 2004. Kablooie Oct 2014 #20

"Most of Europe has had it for years too. America is usually the last to adopt new technologies even pampango Oct 2014 #30

I Heard Something Over The Week-End That The New Apple 6 ChiciB1 Oct 2014 #27

Cash is almost always accepted everywhere. SheilaT Oct 2014 #29