And Apple want to maintain complete control over their customers. No-one has clean hands in this.
I trust that Apple's cage has much nicer gilding than the banks', but I'd rather not live in a cage at all, thank you very much.
Apple makes it abundantly clear that they're selling an integrated solution. Anyone who cares about this knows this. It's not strictly Apple's fault if people who want a different deal buy their product in error.
If you don't like Apple, you can use Android. But if every bank in Australia decides what you can and can't do with your phone when making payments, where will you go?
I'm reasonably confident they can handle this well. I don't trust Apple nearly as much as I trust my bank.
ApplePay is already operating at scale in numerous countries without any incidents. Why wouldn't you trust Apple with an already proven system?
Do you have even anecdotal evidence of Android payments being compromised?
> ApplePay is already operating at scale in numerous countries without any incidents. Why wouldn't you trust Apple with an already proven system?
I didn't say I wouldn't trust it, I said I wouldn't trust it more than my banks. My banks have been operating at scale years longer than Apple has. Not the same scale but enough that I'm confident.
Of course Apple Pay will only be available to Apple users. That's literally what Apple Pay is: contactless payment on an Apple device. There's no reason for there to be Apple Pay on Android or another platform.
If banks have their way, there will be no ApplePay, no AndroidPay etc
It's quite clear which one is better.
The unified system supported by all banks and all devices?
Yes a unified system on which Apple, Android, or whomever wants can develop a system that is open to all to use.
Both Apple and Google want to keep Apple Pay and Android Pay exclusive to their platforms.
That being said I have still the choice to way I pay and that won't be different than when ApplePay is available... . If I heard it correctly it can even use the same POS HW that other NFC based payment solutions use.
The only "negative" thing will be that I as a consumer, will have more choice.
Although they did announced Apple Pay on the WEB. It will require Safari - which is available on iOS/macOS exclusively.
You know kind of like how we got SMTP, HTTP, etc.
Presumably Apple doesn't want to lose their cut. I don't see why allowing card emulation is a problem in and of itself for security, though.
The security problem I do see, though, is that third parties will have a hard time using the secure element to protect their keys. Of course, Apple could help them, but it obviously doesn't want to.