Apple in Talks with US Banks to Develop Mobile Person-To-Person Payment Service

Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by Alupis on Wednesday November 11, 2015 @04:35PM (#10549473)

And given the number of Android devices in the wild far, far surpasses the number of iOS devices... using this service seems like more of a hassle than not.

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by matthewmacleod on Wednesday November 11, 2015 @04:41PM (#10549531)

And given the number of Android devices in the wild far, far surpasses the number of iOS devices

That's obviously true globally, but not for some of their more important markets. iOS and Android are roughly equivalent in the US for example, with the latter having maybe 10% more of the market – I think?

While there's no doubt that instant money transfers are particularly useful in less developed markets, it's not like it wouldn't still be a useful service in the US.

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by Vraxx on Wednesday November 11, 2015 @05:41PM (#10549914)

One of the key differences here (for me at least) between an apple only app (assuming that is the case) and something like square cash is that if the person I want to send money to doesn't have an iPhone, I wouldn't be able to send them money, whereas if they don't have square cash I can tell them to download it and then send them money and with the current promotion, even get $5 for referring them.

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by matthewmacleod on Wednesday November 11, 2015 @05:46PM (#10549948)

Absolutely true - but i imagine the conversation is:

"I want to send you money. Do you have an iPhone?" "Yes" "Okay, here's the money."

versus

"Do you have an iPhone?" "No" "Okay, download SquareVenmoPal and I'll send it to you".

There's a built-in audience for Apple Pay that might prove to be beneficial.

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by Vraxx on Wednesday November 11, 2015 @06:06PM (#10550053)

Fair, my thought process always seems to conclude that having multiple apps is a downside, but that argument really doesn't hold up well once I consciously think about that fact.

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by codyb on Wednesday November 11, 2015 @04:41PM (#10549528)

In NYC, iPhone users seem pretty heavily concentrated in Manhattan. This means certain groups of people are probably hanging out in nearly entirely iPhone user enclaves. [0]

[0] - http://www.businessinsider.com/android-is-for-poor-people-ma...

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by jolipparcreek on Wednesday November 11, 2015 @06:03PM (#10550035)

That article was very misleading[1] and I wonder why[2] people keep citing it…

[1] here's a deconstruction of the data in the article: http://forums.appleinsider.com/t/158143/twitter-heat-map-sho...

[2] here's one explanation why: http://readwrite.com/2013/01/29/why-do-americans-hate-androi...

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Re:Apple in Talks with US Banks to Develop Mobile Person-To-... by codyb on Wednesday November 11, 2015 @06:19PM (#10550115)

Hadn't seen that, thanks for the correction. Makes a lot of sense.

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