What's new
Fantasy Football - Footballguys Forums

Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.

Apple (AAPL) : Tim Cook announces iForum. Dodds and Bryant prepare shut down operations (1 Viewer)

saintfool said:
The Noid said:
What's being overlooked in this Apple Pay discussion is the convenience of not having to carry credit cards AT ALL, if it become ubiquitous. I already downsized to a phone case that holds my Driver's License, my credit card and my corporate card and my photos, insurance cards, rewards cards, etc. were already on my phone, so I ditched the traditional wallet almost two years ago.

So now that my credit cards are already Apple Pay enabled, and my state just announced digital Driver's Licenses are coming, ditching the wallet case could be next.
Click to expand...
i don't doubt the mobile wallet-life-experience at all. it's happening because of the things you touched on. it's not just a payment system that is maturing but things like health/medical records, driver's licenses, et al. Apple is just the sexiest of the mobile pay but they certainly aren't the only one. other established banks and financials institutions have been working on this too. i know Apple users - and their are millions of them - want to believe that Cupertino is going to make it better and drive the market when instead it will likely be just another iteration and extension of the existing Apple ecosystem. it will be a tool for Apple users to happily inhabit and that's cool. for the rest of the market and its users? not relevant at all.
Click to expand...
This. Chip technology has been around since the late 90s. It went away because of cost and what it would mean for retailers to upgrade equipment etc. That changed about 5 years ago and that's why you see more and more credit cards with this technology. There's no question that the standard in credit card security was severely lacking. That's changing. Apple put the technology chips into their iPhone6 and still rely on bluetooth for iPhone5. These other makers will put the chips in their phones too. Those who like to carry phones around with them will be able to get rid of wallets. Those who want to carry a card around with them will be able to and be just as secure, if not more secure.

No one is saying this isn't the direction. No one is saying the technology is stupid and they'd rather write a check. What is being challenged is the absurd hyperbole that there is a significant, life changing level of convenience to chipped cards over mobile payment.

 
Last edited by a moderator:
The Commish said:
No one is saying this isn't the direction. No one is saying the technology is stupid and they'd rather write a check. What is being challenged is the absurd hyperbole that there is a significant, life changing level of convenience to chipped cards over mobile payment.
Click to expand...
Uh.. what?

Quotes from my posts on the topic:

[icon] said:
I realize we're picking nits here and both are quite simple. I understand there is some resistance to mobile pay among some folks... but it's very difficult to argue that it's not simpler and quicker. :shrug:
Click to expand...
[icon] said:
AGAIN: We are splitting nits here.... but not having to enter pins, sign name, etc is handy for someone like me who just wants to be out of the store as conveniently as possible. Others may not mind the process. That's cool too.
Click to expand...
The only absurd hyperbole here is some invisible strawman argument that nobody has made :lol:

 
saintfool said:
i don't doubt the mobile wallet-life-experience at all. it's happening because of the things you touched on. it's not just a payment system that is maturing but things like health/medical records, driver's licenses, et al. Apple is just the sexiest of the mobile pay but they certainly aren't the only one. other established banks and financials institutions have been working on this too. i know Apple users - and their are millions of them - want to believe that Cupertino is going to make it better and drive the market when instead it will likely be just another iteration and extension of the existing Apple ecosystem. it will be a tool for Apple users to happily inhabit and that's cool. for the rest of the market and its users? not relevant at all.
Click to expand...
100% agree here. Pretty much every debate I engage in over Mobile payments includes Google Wallet in the equation because they will drive the market as well. I personally believe chip in card is a stopgap tech that will have a place but its already being left behind by the smartphone element. I see it somewhat like Netflix home delivery.

My credit cards have chips in them. I don't use them because I've got my phone. I think credit card companies have an uphill challenge of educating joe sixpack about the NFC chip in their credit cards when they're letting Apple/Google get a massive head-start. If chip in card payment doesn't get a major push in the next 12 months I can see a LOT of folks saying like I do "Why would I want to dig a card out of my wallet when I can do it with my phone".

Paying with a phone by scanning your finger routinely has nearby people saying "whoa, that's cool" . Tapping an old credit card instead of swiping it, then still having to sign name lacks that "cool/wow" factor.

Anyways... JMHO...

 
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
Yes, the guy timing his transactions on his phone at a Walgreens for kicks is in a killer position to be criticizing everyone else.

 
Last edited by a moderator:
tommyGunZ said:
Dentist said:
tommyGunZ said:
I've been there. Used to love tricking my Droid out so I could do "slick" things.

Now I'm over it. I use my phone for calls, txts, email, camera, and maybe 5-10 apps, total. I want my phone to do those things, and do them well. I've had both, and there is no comparison - Apple simply has a better product.

That doesn't mean it's for everyone. But sometimes the Ferrari costs more because it's a superior machine. Doesn't mean the Accord won't get you to the same place. But the idea that there is no difference between an Accord and a Ferrari is silly, as is the idea that your "####ty" S3 mini is just as good as the iPhone 6. :shrug:
Click to expand...
maybe it does.

i've played with other people's apples and really i didn't understand the interface as it wasn't intuitive or easy to use.

I guess you don't know what you don't know... i haven't used the apple and since I perceive no issue with my droid, maybe i'm missing out and will never know.

Same with a BMW or Mercedes or Ferrari... maybe it's a significantly better ride and performance than my Chevy... but I'll never know the difference because i'm not buying what they are selling because I get to my location every day in a satisfactory manner and am happy with that.
Click to expand...
I don't blame you. I generally agree with your lifestyle habits - I drive a '99 4Runner, not an X5. That said, if the 4Runner and X5 cost the same, I'd go with the X5. That's why as an Android guy I switched over to the iPhone. They're about the same price, and consumers and critics alike consistently vote the iPhone the best phone on the planet.
Click to expand...
I'd pick the droid even if it cost more, I hate apples morality clause, inability to play torrented files well, no good porn apps, etc.

Don't limit what I can do with my own device

 
The Commish said:
Post 1417 with the ridiculous hyperbole is what I was talking about. Kudos for walking it back a bit....sorta??
Click to expand...
Please.. highlight the hyperbole.

I said "there are substantial extra steps FOR ME". I fully acknowledged that I generally have my phone in my hand when in line and when leaving the store. If you have your credit card in hand while you're in line and don't put it in your wallet and put your wallet in your pocket when leaving the store... awesome. Every one of those steps were valid for MY situation.

Does this make you feel better regarding an apples to apples (pun intended) comparison?

• Phone in pocket > Phone out of pocket and held against reciever > Scan thumb for 1-2 seconds > Phone back in pocket

• Wallet in pocket > Wallet out of pocket > Select and remove card from wallet > Swipe Card > Sign Name > Place card back in wallet > Place wallet back in Pocket

 
Last edited by a moderator:
humpback said:
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
Yes, the guy timing his transactions on his phone at a Walgreens for kicks is in a killer position to be criticizing everyone else.
Click to expand...
Be you brother. Be you :thumbup:

 
[icon] said:
humpback said:
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
Yes, the guy timing his transactions on his phone at a Walgreens for kicks is in a killer position to be criticizing everyone else.
Click to expand...
Be you brother. Be you :thumbup:
Click to expand...
Any chance you can not be you?

 
[icon] said:
saintfool said:
i don't doubt the mobile wallet-life-experience at all. it's happening because of the things you touched on. it's not just a payment system that is maturing but things like health/medical records, driver's licenses, et al. Apple is just the sexiest of the mobile pay but they certainly aren't the only one. other established banks and financials institutions have been working on this too. i know Apple users - and their are millions of them - want to believe that Cupertino is going to make it better and drive the market when instead it will likely be just another iteration and extension of the existing Apple ecosystem. it will be a tool for Apple users to happily inhabit and that's cool. for the rest of the market and its users? not relevant at all.
Click to expand...
100% agree here. Pretty much every debate I engage in over Mobile payments includes Google Wallet in the equation because they will drive the market as well. I personally believe chip in card is a stopgap tech that will have a place but its already being left behind by the smartphone element. I see it somewhat like Netflix home delivery.

My credit cards have chips in them. I don't use them because I've got my phone. I think credit card companies have an uphill challenge of educating joe sixpack about the NFC chip in their credit cards when they're letting Apple/Google get a massive head-start. If chip in card payment doesn't get a major push in the next 12 months I can see a LOT of folks saying like I do "Why would I want to dig a card out of my wallet when I can do it with my phone".

Paying with a phone by scanning your finger routinely has nearby people saying "whoa, that's cool" . Tapping an old credit card instead of swiping it, then still having to sign name lacks that "cool/wow" factor.

Anyways... JMHO...
Click to expand...
I don't disagree the "wow" factor at all but just don't think most folks care. they're not going to spend $400-600 for the "wow" of an iPhone and ApplePay. i think in time most consumers will operate in both realms with a physical card (swiping but not signing) being as handy as swiping your phone. however, if you'e in the habit of living on your phone or think digging in your purse to retrieve your wallet to get the card out then ApplePay may work. This may be a generational thing because X'ers and Boomers are still in the habit of carrying wallet/purses. Millenials and those after them may be different in that regard. I think as long as physical cash is dispensed and/or used in retail transactions - and required in some instances - then the wallet will remain.

ultimately, this is not an Apple vs Android market clash. this will likley be a hybrid solution for consumers with banks being the only real winners because of the transaction fees.

 
saintfool said:
I don't disagree the "wow" factor at all but just don't think most folks care. they're not going to spend $400-600 for the "wow" of an iPhone and ApplePay. i think in time most consumers will operate in both realms with a physical card (swiping but not signing) being as handy as swiping your phone. however, if you'e in the habit of living on your phone or think digging in your purse to retrieve your wallet to get the card out then ApplePay may work. This may be a generational thing because X'ers and Boomers are still in the habit of carrying wallet/purses. Millenials and those after them may be different in that regard. I think as long as physical cash is dispensed and/or used in retail transactions - and required in some instances - then the wallet will remain.

ultimately, this is not an Apple vs Android market clash. this will likley be a hybrid solution for consumers with banks being the only real winners because of the transaction fees.
Click to expand...
Agreed on most points though I wanted to address the bolded.

I agree.. I don't think ANYONE will buy an apple device just for Apple Pay. Google Wallet is a great solution too (one small step behind with pin vs touch ID but they will catch up) and people will use the device they own (pretty much everyone owns a smartphone now). This isnt tech that will drive the purchase of a phone. But it's a feature that I personally think people WILL take advantage of once they have access to it.

 
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
I certainly didn't say that. I haven't followed this whole thread so I'm not sure if you are responding to someone else or just putting up a straw man. But IMO mass acceptance is only going to come after Apple/Google can put forth a more credible argument than "it saves you 2 seconds if you already happen to be playing on your phone when you are checking out".

 
Some of you guys are bagging on arguments not being made. No one is saying Apple Pay is "life changing" or will cause folks to ante up "$400-600 for an iPhone."

It's part of the package. EVERYTHING is moving to mobile. Soon our phone will be the keys to our house, our car, it will be our wallet, and will control all of our automated home features, etc.

I'd posit that folks like The Commish are the extreme minority these days - folks who leave their phones in their cars when they go into restaurants/stores/etc. 95% of us carry our phones everywhere. Those of us who have used Apple Pay can vouch for it's superiority w/re to transactions. It's not even a question. Just as those of us who have ditched the wallet will almost universally agree that it's extremely liberating.

There is no going backwards. You can argue that you "don't mind pulling out your wallet and using cards", but that's just the current version of "why do I need cards when I can just use checks" argument that folks made 20 yrs ago.

 
thecatch said:
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
I certainly didn't say that. I haven't followed this whole thread so I'm not sure if you are responding to someone else or just putting up a straw man. But IMO mass acceptance is only going to come after Apple/Google can put forth a more credible argument than "it saves you 2 seconds if you already happen to be playing on your phone when you are checking out".
Click to expand...
It's more than 2 seconds. It's fewer steps, and it's also the advantage of not having to have your card on you.

Again, ask any of your friends who have ditched their wallets for the wallet-phone cases that hold 2-3 cards. I bet none of them are disappointed that they don't have a wallet anymore. There is no going back.

 
Last edited by a moderator:
tommyGunZ said:
thecatch said:
[icon] said:
tommyGunZ said:
It's not just Apple that is developing mobile pay, it's Google and other players as well. Perhaps you guys are right, and the best companies of our generation have their heads up their asses.
Click to expand...
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed.

As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
I certainly didn't say that. I haven't followed this whole thread so I'm not sure if you are responding to someone else or just putting up a straw man. But IMO mass acceptance is only going to come after Apple/Google can put forth a more credible argument than "it saves you 2 seconds if you already happen to be playing on your phone when you are checking out".
Click to expand...
It's more than 2 seconds. It's fewer steps, and it's also the advantage of not having to have your card on you.

Again, ask any of your friends who have ditched their wallets for the wallet-phone cases that hold 2-3 cards. I bet none of them are disappointed that they don't have a wallet anymore. There is no going back.
Click to expand...
It's not really fewer steps though for most of my transactions. It's activating your phone versus handing someone a card. Like I said, if I'm going to Starbucks I'm not signing anything if I'm using a credit card. I've used Apple Pay before and for at least those types of smaller purchases there's just no time savings.

Now, I'll be really amped when I can eventually ditch my wallet and 100% use my phone for everything, and these types of advances are getting us closer, so I do think it's neat. But like I said, Icon's over the top initial post failed to make the case for short term conversion for the typical consumer.

 
tommyGunZ said:
Some of you guys are bagging on arguments not being made. No one is saying Apple Pay is "life changing" or will cause folks to ante up "$400-600 for an iPhone."

It's part of the package. EVERYTHING is moving to mobile. Soon our phone will be the keys to our house, our car, it will be our wallet, and will control all of our automated home features, etc.

I'd posit that folks like The Commish are the extreme minority these days - folks who leave their phones in their cars when they go into restaurants/stores/etc. 95% of us carry our phones everywhere. Those of us who have used Apple Pay can vouch for it's superiority w/re to transactions. It's not even a question. Just as those of us who have ditched the wallet will almost universally agree that it's extremely liberating.

There is no going backwards. You can argue that you "don't mind pulling out your wallet and using cards", but that's just the current version of "why do I need cards when I can just use checks" argument that folks made 20 yrs ago.
Click to expand...
here's the rub: you only get that "superiority" with the iPhone, i guess. like i said, if you are already in the Apple ecosystem then it's liberating and superior to carrying a wallet. for the rest of us - which is the majority of the market, btw - then mobile pay is just another option. most people - which I'll remind you is the majority of the world - will exisit in a two payment vehicle.

my point is twofold:

1. as long as cash is used in the common marketplace then folks will carry wallets.

2. banks will provide cards and mobile pay options to cover their bases. they don't want any obstacles to your spending.

again, as long as Apple isn't acting like a bank and merely facitating the transaction then this isn't anything the banks care about. they still earn $ on transactions regardless of whether it comes from ApplePay directly, some other mobilepay or card.

 
Banks have been talking about the idea of e-cash for at least 20 years. Cash will be a thing of the past in two generations, if not sooner.

 
I have no need for apple pay at present time. I carry my ID and one credit card in the case I have. What would apple pay save me in time? 5 seconds? Whoopie!

 
eoMMan said:
[icon] said:
:lol: exactly.

Buncha old white guys clutching their DVD players and CD collections poo pooing the future of payments. It's cute and I appreciate the "It's not faster" "Oh wait it's faster, well I'm not in a hurry" mindset. If you don't want mobile payments, that's AWESOME for you :thumbup: 10 years from now your kids (or likely grandkids for some of you fogeys) will laugh at the idea of credit cards or carrying around a wallet. This is where it's all headed. As it stands now... I PREFER The convenience of ApplePay. Others Prefer a wallet with CC. That's cool. Different strokes. But anyone saying nobody wants this sort of system is either trolling or clueless :)
Click to expand...
Why act this way?
Click to expand...
He can't help himself, and then he gets all butt-hurt when someone throws it back at him. The irony is that he's pretty clueless about a lot of this- see his comments about 85% of iPhone sales were to people moving from another platform, he expects 25% of payments to be mobile in 2 years, his infinite wisdom on index funds and what being added to the Dow would mean for Apple, etc. The guy would probably wait in line for a week for an iPetRock, but anyone who shares a different opinion is an old out-of-touch white guy.

 
Lol.

Tim Cook is on record re 85pct of iPhone sales being switchers.... I even qualified it as "if it's true"

http://www.androidpit.com/apple-ceo-tim-cook-says-85-of-new-iphone-sales-came-from-android

25pct of payments from mobile in 2 years was obviously high/hyperbole but mobile payments are exploding:

http://mobile.nytimes.com/blogs/bits/2014/11/17/u-s-mobile-payments-market-to-boom-by-2019-research-firm-says/

And, I have never waited in line for anything apple related. The Internet is a pretty amazing thing. People will bring stuff to ya!

0/3

Is this an Lhucks alias back from the dead?

 
[icon] said:
Lol.

Tim Cook is on record re 85pct of iPhone sales being switchers.... I even qualified it as "if it's true"

http://www.androidpit.com/apple-ceo-tim-cook-says-85-of-new-iphone-sales-came-from-android

25pct of payments from mobile in 2 years was obviously high/hyperbole but mobile payments are exploding:

http://mobile.nytimes.com/blogs/bits/2014/11/17/u-s-mobile-payments-market-to-boom-by-2019-research-firm-says/

And, I have never waited in line for anything apple related. The Internet is a pretty amazing thing. People will bring stuff to ya!

0/3

Is this an Lhucks alias back from the dead?
Click to expand...
He said that a number in the "mid teens" of their installed user base upgraded to the 6 or 6+. That's not even close to the same thing.

Mobile payments are certainly growing, but that firm is projecting $142 Billion in 2019, while the US spent more than $4 Trillion on credit and debit cards in 2013. Nilson projects that to grow to ~$7.25 Trillion in 2018. Use your phone to do the math.

So you'd spend hundreds of dollars on the iPetRock and have it shipped instead of waiting in line for it. Winning.

You also left out your killer insight on how index funds work.

No surprise, but your 0/3 is as inaccurate as the rest of your posts.

 
So this is a peeing match for guys who either don't own any Apple products, stock, etc., against those who do.

All the while pulling out iPetRock. On a Friday night.

Winning.

 
[icon] said:
saintfool said:
i don't doubt the mobile wallet-life-experience at all. it's happening because of the things you touched on. it's not just a payment system that is maturing but things like health/medical records, driver's licenses, et al. Apple is just the sexiest of the mobile pay but they certainly aren't the only one. other established banks and financials institutions have been working on this too. i know Apple users - and their are millions of them - want to believe that Cupertino is going to make it better and drive the market when instead it will likely be just another iteration and extension of the existing Apple ecosystem. it will be a tool for Apple users to happily inhabit and that's cool. for the rest of the market and its users? not relevant at all.
Click to expand...
100% agree here. Pretty much every debate I engage in over Mobile payments includes Google Wallet in the equation because they will drive the market as well. I personally believe chip in card is a stopgap tech that will have a place but its already being left behind by the smartphone element. I see it somewhat like Netflix home delivery.

My credit cards have chips in them. I don't use them because I've got my phone. I think credit card companies have an uphill challenge of educating joe sixpack about the NFC chip in their credit cards when they're letting Apple/Google get a massive head-start. If chip in card payment doesn't get a major push in the next 12 months I can see a LOT of folks saying like I do "Why would I want to dig a card out of my wallet when I can do it with my phone".

Paying with a phone by scanning your finger routinely has nearby people saying "whoa, that's cool" . Tapping an old credit card instead of swiping it, then still having to sign name lacks that "cool/wow" factor.

Anyways... JMHO...
Click to expand...
Then it's about the credit card not the technology. That's a valid argument. The technology in both the card and the phone are virtually identical and isn't going anywhere. The only significant difference is how one secures their phone. That's a fundamental challenge for the individual though, not the technology. The credit card companies are driving the technology so I don't quite understand what you believe their uphill challenge is here. I'm pretty confident they'd rather have you use your phone and save them the expense of sending you a card :shrug:

 
[icon] said:
Apple Pay Steps:

1) Hold phone up to station

2) Press and hold Touch ID Sensor for 1-2 seconds.

Done.

Credit Card Steps:

1) Swipe card

2) Select Debit or Credit

3) Entire PIN if debit

4) Sign your name

Done.

Google Pay is a bit closer to the hassle of Debit/CC given you have to key in a pin. The TouchID convenience definitely puts ApplePay over the top IMO. Small convenience that makes a big improvement.

SECURITY: This is not even to get into the added SECURITY of not actually giving your Credit card info to the stores. Given Target and Home Depot's incidents recently... I've taken to using ApplePay for everything I can, just to minimize exposure to fraud.

WALLET-FREE: Finally, there are times I just don't want to bring my wallet somewhere, but I'll have my phone. It's nice to have everything in one place (communications and payments. That's the true long-term benefit of this... not really needing a wallet anymore (short of ID).
Click to expand...
When I use my credit card I only have to sign if it's over.... $30? $50? If you simply take your credit card out of your pocket and swipe your card the difference seems negligible to me. I never have to press credit or debit but maybe that's because mine is only a credit card and isn't linked to a bank account. My credit card doesn't charge me for any fraudulent charges on the card so the security angle isn't a big one to me either. Finally, most people are required(by law) to carry an ID so the difference between carrying ONE card and TWO cards doesn't make much difference to me either. I would love it if they moved the photo ID to a chip or hologram sticker or something then I can see the benefits of not having to carry a credit card but until then, I'll just lift with my legs and carry two cards.

Also, the times I am most likely to go over $30-50 are at gas stations. Can you pay at the pump with an iphone? If not don't you have to walk into the minimart, stand in line, pay at the register, and then walk back out to your car? If so just doing that once a month would take more time than signing my name many, many times. At the gas stations I use the card readers are built into the pump. No lines to pay. No signatures. They don't change those pumps all that often.

 
tommyGunZ said:
There is a Walgreens and a CVS both within 1 mile of my house. I usually go to Walgreens simply because Apple Pay is so convenient.
Click to expand...
It's funny you would mention Walgreens, 'Gunz. I live close to one of those as well and when I looked at the list of brick and mortar retailers accepting apple pay Walgreens and Home Depot were the only two I had used in the past year. Although, with an asterisk next to Home Depot does that mean they all accept apple pay or only select stores?....

http://www.macobserver.com/tmo/article/apple-pay-list-of-brick-and-mortar-stores-that-accept-it

In the past year I've also been to both McDonalds and Subway but I'm crossing my fingers I won't have to resort to going to either in the next year. Wasn't apple pay announced in September? I guess I'm a little surprised that the list is still this small in February. Admittedly, I am not the customer apple targets. I never shop at Aeropostles and Disney type stores. Seems to me retailers have a bigger incentive to move customers toward the digital currencies that charge much less for a transaction than the major credit card companies if they were going to upgrade equipment.

Don't get me wrong, I want to move away from carrying a credit card and ID in my wallet but unfortunately I think it's much further away than you and icon seem to think. Truth be told I would love to wear a TRUE smart watch and leave the wallet, my keys, and my phone at home. I am not holding my breath.

 
BoltBacker said:
tommyGunZ said:
There is a Walgreens and a CVS both within 1 mile of my house. I usually go to Walgreens simply because Apple Pay is so convenient.
Click to expand...
It's funny you would mention Walgreens, 'Gunz. I live close to one of those as well and when I looked at the list of brick and mortar retailers accepting apple pay Walgreens and Home Depot were the only two I had used in the past year. Although, with an asterisk next to Home Depot does that mean they all accept apple pay or only select stores?....

http://www.macobserver.com/tmo/article/apple-pay-list-of-brick-and-mortar-stores-that-accept-it

In the past year I've also been to both McDonalds and Subway but I'm crossing my fingers I won't have to resort to going to either in the next year. Wasn't apple pay announced in September? I guess I'm a little surprised that the list is still this small in February. Admittedly, I am not the customer apple targets. I never shop at Aeropostles and Disney type stores. Seems to me retailers have a bigger incentive to move customers toward the digital currencies that charge much less for a transaction than the major credit card companies if they were going to upgrade equipment.

Don't get me wrong, I want to move away from carrying a credit card and ID in my wallet but unfortunately I think it's much further away than you and icon seem to think. Truth be told I would love to wear a TRUE smart watch and leave the wallet, my keys, and my phone at home. I am not holding my breath.
Click to expand...
Oh, I agree with you that this isn't going to happen overnight, and I too am disappointed that it's not more widely accepted at retailers I frequent. Gas stations are supposedly being fitted with chips so that we'll be able to use Apple Pay at the pump - that's a transaction I make every two weeks.

Hopefully the experiments at Walgreens and Disney and Starbucks are a success, and lead to others jumping on board.

 
BoltBacker said:
tommyGunZ said:
There is a Walgreens and a CVS both within 1 mile of my house. I usually go to Walgreens simply because Apple Pay is so convenient.
Click to expand...
It's funny you would mention Walgreens, 'Gunz. I live close to one of those as well and when I looked at the list of brick and mortar retailers accepting apple pay Walgreens and Home Depot were the only two I had used in the past year. Although, with an asterisk next to Home Depot does that mean they all accept apple pay or only select stores?....

http://www.macobserver.com/tmo/article/apple-pay-list-of-brick-and-mortar-stores-that-accept-it

In the past year I've also been to both McDonalds and Subway but I'm crossing my fingers I won't have to resort to going to either in the next year. Wasn't apple pay announced in September? I guess I'm a little surprised that the list is still this small in February. Admittedly, I am not the customer apple targets. I never shop at Aeropostles and Disney type stores. Seems to me retailers have a bigger incentive to move customers toward the digital currencies that charge much less for a transaction than the major credit card companies if they were going to upgrade equipment.

Don't get me wrong, I want to move away from carrying a credit card and ID in my wallet but unfortunately I think it's much further away than you and icon seem to think. Truth be told I would love to wear a TRUE smart watch and leave the wallet, my keys, and my phone at home. I am not holding my breath.
Click to expand...
Credit card companies are pushing people to this technology, not Apple. Apple has jumped on board by putting some hardware (that exists on cards already) in their phones. It's smart and will start gaining steam quickly. Decision then becomes carry a phone or a card. Your choice. There's potential for putting the technology in several different electronic devices.....seems like a no brainer. Just have to invest in the hardware.

 
fantasycurse42 said:
The General said:
Bump for earnings today.
Click to expand...
Was debating giving AAPL a play for earnings.
Click to expand...
I picked some up a week and a half ago around 125 and will sell it off tomorrow. "Estimates" are that it'll be their best Q2 in history and I expect they will raise the dividend again. I'm hoping they give an indication of how well the watch sales started even though they're not part of this report.

I ventured to Europe for the first time last month, as striking as anything I saw culturally was the realization of just how many tourists had iPhones. I felt like it was at least 2 out of every 3 had one, and I'm not sure I saw an Asian person with anything but an iPhone...crazy for it only being available in China for not much over a year. In my everyday life here in MN I would say it's closer to 1 in 4. It's really hard for me to see their iPhone sales numbers dropping.

 
Decent news so far. Stock up today and so far in after hours:

- Apple now has 194 B cash on hand.

- Apple raises quarterly dividend 11% to 52 cents. The new dividend will be payable on May 14.

- Revenue climbed 27% to $58 billion from $45.65 billion in the year-ago period. Analysts on FactSet were calling for $55.9 billion.

- iPad sales kind of sucking.

 
This is also crazy. From Twitter:

Carl Icahn, who is Apple’s seventh largest shareholder with 52.72 million shares, is making $111.85 million on his investment in after-hours trade, as the stock is now up $2.12, or 1.6% at $134.77. That adds to the $125.04 million he made on his Apple stock during Tuesday’s regular session.

 
jason12vb said:
fantasycurse42 said:
The General said:
Bump for earnings today.
Click to expand...
Was debating giving AAPL a play for earnings.
Click to expand...
I picked some up a week and a half ago around 125 and will sell it off tomorrow. "Estimates" are that it'll be their best Q2 in history and I expect they will raise the dividend again. I'm hoping they give an indication of how well the watch sales started even though they're not part of this report.

I ventured to Europe for the first time last month, as striking as anything I saw culturally was the realization of just how many tourists had iPhones. I felt like it was at least 2 out of every 3 had one, and I'm not sure I saw an Asian person with anything but an iPhone...crazy for it only being available in China for not much over a year. In my everyday life here in MN I would say it's closer to 1 in 4. It's really hard for me to see their iPhone sales numbers dropping.
Click to expand...
I'm out at 134.40...had we not already had a sizable long term lot of apple I might have held until tomorrow hoping for a pop...but I'm happy with 7% in 10 days. It could very well pop 8% tomorrow...

I didn't have an expectation on the dividend %...but the increase of just 5 cents is disappointing. A year ago the 47 cents was a .55% dividend for that quarter...this 52 cent div is what...39%? The buyback extension is nice...but the increase in value per share then nullifies that weak dividend even more. Their commitment to revisiting the dividend in a year is when I decided to sell now and not hold hoping for a pop. Had the dividend been at least in line with the .55% it was a year ago I might have risked it for a pop tomorrow.

 
Why did I not buy AAPL on January 1st for my Roth IRA? Instead, I bought into oil. Why?!?!?!?!?!?

I've been telling people for the longest time to buy AAPL and here I sit with zero. Argh!!!!

 
You must log in or register to reply here.

Similar threads

Anarchy99
Top 250 Best Selling Rock Albums (1967 - 1981)
12 13 14
Replies
675
Views
16K
zamboni
zamboni
S
Jury Finds Realtors Conspired to Keep Commissions High
5 6 7
Replies
323
Views
8K
FreeBaGeL
FreeBaGeL
GordonGekko
What Do You Plan And Hope To Do After You Retire? (21/30)
2
Replies
85
Views
2K
Senor Schmutzig
Senor Schmutzig

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Top