Banks and Credit Unions to Team Up Against Apple Pay Fees(macrumors.com) |
Banks and Credit Unions to Team Up Against Apple Pay Fees(macrumors.com) |
Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).
I don't really care about any of Apple's business partners being upset about their business terms with Apple. Developers want a bigger cut, banks want a bigger cut, Foxconn wants a bigger cut.
My interests as an Apple user are aligned with Apple. But even if I wasn't an Apple user, market forces determine what the "fair" cut is for everyone.
Cards get linked to accounts automatically behind the scenes based on first6/last4 card number tracking, then everyone else self-selects to punch their phone number on the screen.
Same reason Walmart Radio is such gruesome auditory cancer, it's part of the data collection and advertising vehicle.
Millions of transactions a day, over thousands of stores, it can make a huge difference in time saved.
But I haven’t heard of it happening with the wild-west Android NFC payments, much less widespread problems with the essentially unconstrained use of QR code payments on SE Asia (e.g. Alipay).
So as an iPhone user I’m happy for Apple’s lockdown going away. I just hope it doesn’t mean that in future I’ll need to install a dozen payment apps and have to figure out which when I buy things.