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Quote de jyl
Hey, I stuck with my 4S until now . . . the 5 and 5S were not enough to get me to upgrade.
But Apple Pay/NFC is really attractive to me, assuming enough merchant adoption, given my multiple debit card fraud experiences this year (and one of my credit cards was hacked too).
And now Home Depot admits to the biggest credit card theft ever, which went on for 5 months undetected, some 60 million customers, and Home Depot is merely going to offer "credit monitoring" to the affected.
Retailers are being negligent or worse with our customer data. You think if Home Depot spent $100 million on fraud and intrusion detection systems they couldn't have prevented or greatly limited this theft? Sure they could. And $100 million is what percent of its $100 billion annual sales?
I'm so pissed, I'm going to start using cash and paper checks again. But that's inconvenient - if Apple Pay or a similar system works, I'm mucho interested.
I doubt that most Merchants are going to pay to upgrade systems. They won't upgrade to the Credit Card plus Pin system used in Europe.
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Yes they will. The credit card companies are requiring retailers to upgrade to readers that accept the chipped card (the card + pin you referred to). If the retailer doesn't, he - not the credit card processor - will be responsible for card fraud; so every retailer will comply. These readers will all include NFC capability. So, the only remaining step is for the retailer to enable the NFC to accept Apple Pay.
You know that right now, Apple (and the credit/debit card companies and banks) are furiously trying to sign retailers up to accept Apple Pay when they get their new NFC-enabled card readers. Starbucks, the big grocers (Whole Foods is already signed up), the big quick serve food places (McDonalds is signed up), these would be prizes. (Edit: looks like Starbucks will take Apple Pay in their "app" which probably means they will take it in the stores when the hardware is installed. Panera is the same. And, very interestingly, Target will supposedly take Apple Pay in their app - but Target is a member of the group pushing CurrentC. Hmmm.)