Ondrej Holzman In addition to the larger display, the new iPhone's biggest weapon should be the ability to function as a mobile wallet. In addition to NFC technology, which Apple is to implement in its new phone, this should also ensure partnerships with the biggest players in the field of payment cards – American Express, MasterCard and Visa. Apparently, it is with them that Apple has come to an agreement and can bail out with its new payment system.
About the agreement between American Express and Apple first informed magazine Re / code, this information subsequently confirmed and extended the agreements with MasterCard and Visa Bloomberg. The new payment system is to be revealed by Apple on September 9, on the occasion of the presentation of the new iPhone, and partnerships with the largest companies involved in financial transactions are crucial for the Californian giant.
Part of the new payment system there should also be NFC technology, which Apple, unlike its competitors, has long defended itself against, but it is said that eventually it will find its way into Apple phones as well. Thanks to NFC, iPhones could serve as contactless payment cards, where it would be enough to hold them to the payment terminal, enter a PIN if necessary, and the payment would be made.
The new iPhone will also have a big advantage in the presence of Touch ID, thus entering the security code will change to just having to put your finger on the button, which will again greatly speed up and simplify the whole process. At the same time, everything will be safe, important data will be stored on a specially secured part of the chip.
Apple has been rumored to be entering the mobile payments segment for quite some time, but it seems that it is only now that it can launch a similar service. It will also finally find another use for the hundreds of millions of credit cards it has collected from users in the iTunes and App Store. However, in order to be able to use them for other payment transactions, for example in brick-and-mortar stores, he apparently needed contracts with key companies such as MasterCard and Visa.
Paradoxically, while contactless payment cards and therefore contactless payments at merchants are common in Europe, in the United States the practice is completely different. Contactless payments haven't been able to gain much traction yet, and even NFC and paying with a mobile phone aren't such a hit there. However, it could be Apple and its new iPhone that could muddy the relatively backward American waters and finally move the entire market to contactless payments. Apple has to go global with its payment system, and this is positive for Europe. If Cupertino had focused exclusively on the American market, NFC might not have happened at all.
It would be ideal if it could "import" the card...without any fooling around...a la GEMB.
It should work in such a way that you attach the contactless card to the iPhone, which reads data from it and then emulates the card - copies it. So it should be relatively trouble-free. I had the same program on nadroid, only it didn't have NFC, but it worked fine on other phones.
: D: D
Just so Apple doesn't limit the use of cards to just the one connected to iTunes..
which, in terms of security (appleID , touchID ), corresponded to their philosophy
I think that would be stupid. You have the card defined online with Apple Honor and it is pointless to ask for an online phone connection even if you want to pay in a store. The card(s) will have to have local data stored in the phone - just like TouchID.
It would certainly be stupid, but one does not know among the fans, especially when they write in the article: "Finally, he will also find another use for the hundreds of millions of credit cards he received from users in iTunes and the App Store." However, so that he can use them for other payment transactions, for example in brick-and-mortar stores.."
Well, sure, that's true. We'll see on the 9th...
In NYC, contactless card payments are always accepted, even minimum amounts are paid contactless. They load the card, take the coffee and go. It makes sense in mobile phones :)