I sure wish Stock Yards Bank would get on board and get Apple Pay going. Sent from my iPhone
> On Apr 15, 2016, at 10:25 AM, John Robinson <[email protected]> wrote: > > > Maybe some of you will find this encouraging. > > John > > > > > > <Pasted Graphic.tiff> > Apple Pay dominates merchant mindshare for contactless payments, survey finds > March 2, 2016 Adidas Wilson 0 Comment > > > Investment firm Piper Jaffray polled 507 value added resellers and > independent software vendors, and found that 44 percent of their > point-of-sale merchant customers are already using or have requested more > information about NFC payment terminals. > > Among those interested in contactless payment solutions, 67 percent of > merchants expressed a desire to support Apple Pay. That was by far the most > popular option among merchants, the poll found, easily besting second-place > finisher Android Pay. > > Coming in third with just 8 percent was PayPal, while only 7 percent of > merchants expressed a desire to support Samsung Pay. > > Apple Pay is a mobile payment and digital wallet service by Apple Inc. that > lets users make payments using the iPhone 6, 6 Plus, and later, Apple > Watch-compatible devices (iPhone 5 and later models), iPad Air 2, iPad Pro > and iPad Mini 3 and later. Apple Pay does not require Apple Pay-specific > contactless payment terminals, and can work with existing contactless > terminals. > > Apple Pay lets mobile devices make payments at contactless points of sale and > in iOS apps. It digitizes and replaces the credit or debit card chip and PIN > or magnetic stripe transaction at point-of-sale terminals. It is similar to > contactless payments already used in many countries, with the addition of > two-factor authentication. > > The service lets Apple devices wirelessly communicate with point of sale > systems using a near field communication (NFC) antenna, a “dedicated chip > that stores encrypted payment information” (known as the Secure Element), and > Apple’s Touch ID and Wallet. The service is compatible with the iPhone 6, 6 > Plus, 6S and 6S Plus, iPad Air 2 and the Apple Watch. Users with iPhone 5, > 5C, 5S, 6, 6 Plus, 6S and 6S Plus can use the service through an Apple Watch, > though it lacks Touch ID security. Instead, Apple Pay is activated with a > passcode and will remain active for as long as the user wears the Apple Watch. > > The service keeps customer payment information private from the retailer, and > creates a “dynamic security code generated for each transaction”. Apple added > that they would not track usage, which would stay between the customers, the > vendors, and the banks. Users can also remotely halt the service on a lost > phone via the Find My iPhone service. > > To pay at points of sale, users hold their authenticated Apple device to the > point of sale system. iPhone users authenticate by holding their fingerprint > to the phone’s Touch ID sensor, whereas Apple Watch users authenticate by > double clicking a button on the device. To pay in supported iOS apps, users > choose Apple Pay as their payment method and authenticate with Touch ID. > Users can add payment cards to the service in any of three ways: through > their iTunes accounts, by taking a photo of the card, or by entering the card > information manually. > > > > _______________________________________________ > MacGroup mailing list > Posting address: [email protected] > Archive: <http://www.mail-archive.com/[email protected]/> > Answers to questions: <http://erdos.math.louisville.edu/macgroup/>
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