Thread

1. havaloc · 1790442549 · focus · HN ↗

   I get why the banks are not happy, but I can tell them that I am not going to use Chase Wallet, Bank of America Wallet, Citi Wallet...just pay the fee and be thankful for the reduced payment friction, which they invariably make money from. PS: Nobody is going to use Paze (yet another half baked wallet), other than to collect the free $10 to sign up for it.

   Somewhat related, even Walmart relented and now supports Apple Pay/Contactless. Every big merchant has now relented (Kroger, Home Depot, Walmart).

   1. syvolt · 1790444937 · focus · HN ↗

      Or Apple Pay can just be like Google Wallet is on Android? The alternative is not multiple apps.

      1. juiceland · 1790447283 · focus · HN ↗

         How does it work on Google Wallet?

         1. sgerenser · 1790448508 · focus · HN ↗

            Article says Google wallet works just like Apple Pay, except they don’t charge a 0.15% fee.

            1. ericmay · 1790455152 · focus · HN ↗

               Why shouldn’t Apple be able to make money for the service they created?

               1. Dylan16807 · 1790457819 · focus · HN ↗

                  The phone holds on to a credit card number and some extra information. What service is happening here? Is Apple doing something meaningful every payment?

                  1. juiceland · 1790459356 · focus · HN ↗

                     The phone doesn't store your card number. Apple brokers a token at setup, secures it on-device, and manages it afterward (suspend, re-issue).

                     1. Dylan16807 · 1790462417 · focus · HN ↗

                        So it doesn't generate a second card number like other things I've used?

                        But anyway it sounds like the answer to my question is no, Apple is not doing anything meaningful per payment. They play a role in setting up a card and that's it. Is that accurate?

                        1. juiceland · 1790463587 · focus · HN ↗

                           When you add a card, your bank creates a device-specific Device Account Number, encrypts it, and sends it to Apple w/ a key used to generate a unique sec code for each transaction.

                           1. Dylan16807 · 1790464330 · focus · HN ↗

                              And is that information stored on the phone? Do Apple's servers need to be running for me to make a purchase?

                              1. juiceland · 1790473184 · focus · HN ↗

                                 Not if you're tapping in a store. Apple's servers re-encrypt the payment data for specific merchants if you buy in an app or on a website. Apple brokers requests for adding a card, or suspending one via Find My, or setting one up again whenever a person changes phones.

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