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A comment on Apple unveils contactless payments via Tap to Pay on iPhone.

Re:Apple unveils contactless payments via Tap to Pay on iPhone by ucha on Tuesday February 08, 2022 @11:38AM (#30260573)
EDIT: thanks everyone for quickly correcting my mistake, I missed the part that explained that more forms of contactless payments would be accepted

I don't really understand why a merchant would use this feature.

If you already use a PoS, why would you replace it with another one that only supports customers who own an Apple device?

If you accepted only cash, maybe it's a small improvement because you can use your existing iPhone if you had one to accept cashless payments from Apple customers...

Does Tap to Pay only make sense in the second case or am I missing something?

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Re:Apple unveils contactless payments via Tap to Pay on iPhone by danieldk on Tuesday February 08, 2022 @11:42AM (#30260659)
If you already use a PoS, why would you replace it with another one that only supports customers who own an Apple device?

Did you read the article?

At checkout, the merchant will simply prompt the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone, and the payment will be securely completed using NFC technology.

This will accept contactless cards, Google Pay, etc. as well.

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Re:Apple unveils contactless payments via Tap to Pay on iPhone by darrenf on Tuesday February 08, 2022 @11:42AM (#30260654)
> If you already use a PoS, why would you replace it with another one that only supports customers who own an Apple device?

What makes you think it only supports payment from Apple devices? The press release is pretty clear:

At checkout, the merchant will simply prompt the customer to hold their iPhone or Apple Watch to pay with Apple Pay, their contactless credit or debit card, or other digital wallet near the merchant’s iPhone

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Re:Apple unveils contactless payments via Tap to Pay on iPhone by lxgr on Tuesday February 08, 2022 @11:42AM (#30260650)
> why would you replace it with another one that only supports customers who own an Apple device?

It's not only Apple Pay:

> US merchants will be able to accept Apple Pay _and other contactless payments_

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Re:Apple unveils contactless payments via Tap to Pay on iPhone by riskable on Tuesday February 08, 2022 @11:44AM (#30260685)
Sure would be nice if Apple and Google got together to accept each other's systems. Or even better: If there was a standard that let any device send money with any other device (using compatible hardware).

Imagine if there was a regulation that required interoperability. Or if the banks were forced to allow (authenticated) payments between systems without transaction fees.

We're 20 years overdue for this.

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Re:Apple unveils contactless payments via Tap to Pay on iPhone by TAKEMYMONEY on Tuesday February 08, 2022 @12:24PM (#30261326)
Some kind of permissionless transactions on a decentralized ledger? I don't think the technology exists.
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Re:Apple unveils contactless payments via Tap to Pay on iPhone by asadlionpk on Tuesday February 08, 2022 @01:45PM (#30262611)
Maybe we will have something like that once "crypto" dies.
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Re:Apple unveils contactless payments via Tap to Pay on iPhone by sweetbitter on Tuesday February 08, 2022 @01:55PM (#30262770)
Why would peer to peer cash a la Monero die as long as you can make a connection with TLS though? You probably refer to the uninformed retail investor hype more than anything else.
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Re:Apple unveils contactless payments via Tap to Pay on iPhone by mackmgg on Tuesday February 08, 2022 @11:44AM (#30260689)
There are lots of small vendors (especially at farmers markets) still using the swipe only Square reader. This will presumably allow them to start accepting contactless as well. The main advantage of this is most banks put the liability from fraud on the business for swipe/manual entry transactions, but not for EMV (chip/tap) transactions.
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Re:Apple unveils contactless payments via Tap to Pay on iPhone by kyawzazaw on Tuesday February 08, 2022 @05:49PM (#30265964)
What do you think of this?

https://usa.visa.com/about-visa/newsroom/press-releases.rele...

Note: I worked on this

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