Apple Pay

[EE_]

Is this like crypto-currency technology?

USATODAY

Apple hopes to jump-start mobile payments with Apple Pay

Cook: "But the thing to focus on is, who else could have done these products and created Apple Pay? I don't think there's another company that can integrate software, hardware and services like this."

While the spotlight Tuesday is trained mostly on Apple's new hardware products, Cook feels that Apple Pay just might prove the more revolutionary announcement.

Using near-field communications technology, Pay enables consumers to make payments with participating outlets with a swipe of an iPhone or an Apple Watch. He says the system is more secure than credit cards, which have come under increasing attack by hackers in recent months.

"This is something that the merchants believe in, and the banks, because they love fraud plummeting," he says. "There's that moment when your card maybe gets rejected for fraud (by a merchant) and you can't pay for what you're buying. When you combine all that, it's like striking a match. It's going to spread and spread fast."

Cook feels for his wallet, then laughs.

"Apple Pay takes a five-decade-old (credit card) technology and blows it up," he says. "It'll absolutely change the way we pay for things."

http://www.usatoday.com/story/tech/2014/09/09/tim-cook-interview-usa-today/15312749/

[Horn]

Frontend loader point of use hardware for credit/debit visa mastercard purchases.

http://www.smh.com.au/digital-life/computers/gadgets-on-the-go/apple-pay-gives-tapandgo-a-muchneeded-shove-20140910-10ests.html

[Dogman]

Unfortunately the world trend is going paperless into electronic currency!

Someday physical currency will only be a collectors item ,but maybe not! It would take generations to do it if it happens.

If it does happen.

Then watch the shit hit the fan when the lights go out by storm/EMP pulse or a huge direct hit from a monster solar flare.

Because the lesson to never completely trust anything electronic for data storage or transfer, is ignored or forgotten.

2 cents.

[Horn]

http://gold-silver.us/forum/attachment.php?attachmentid=6741&stc=1

[Shami-Amourae]

Unfortunately the world trend is going paperless into electronic currency!

Someday physical currency will only be a collectors item ,but maybe not! It would take generations to do it if it happens.

If it does happen.

Then watch the shit hit the fan when the lights go out by storm/EMP pulse or a huge direct hit from a monster solar flare.

Because the lesson to never completely trust anything electronic for data storage or transfer, is ignored or forgotten.

2 cents.

That's why people like me are pushing so heavily for Bitcoin. We see the direction things are going and we want an anonymous, and decentralized alternative.

[Neuro]

Using near-field communications technology, Pay enables consumers to make payments with participating outlets with a swipe of an iPhone or an Apple Watch. He says the system is more secure than credit cards, which have come under increasing attack by hackers in recent months.
Coincidence? I think not! Problem-Reaction-Solution...

[Neuro]

Unfortunately the world trend is going paperless into electronic currency!

Someday physical currency will only be a collectors item ,but maybe not! It would take generations to do it if it happens.

If it does happen.

Then watch the shit hit the fan when the lights go out by storm/EMP pulse or a huge direct hit from a monster solar flare.

Because the lesson to never completely trust anything electronic for data storage or transfer, is ignored or forgotten.

2 cents.
Swedbank doesn't accept cash any longer in their retail offices in Sweden. A friend wanted a cryptizer to do Internet banking and transfer money to his new bank account. It costed 300 kronor, they refused to accept his cash, and since he didn't have any money in his account they couldn't give it to him. He came to us and my wife transfered the money from her bank to his account, and he gave her 300 kronor cash. Welcome to Absurdistan!

[EE_]

http://gold-silver.us/forum/attachment.php?attachmentid=6741&stc=1

Go ahead and take a nice big bite...you know you want to.

http://cdn.cultofmac.com/wp-content/uploads/2012/10/youeatamyapple.jpg

[madfranks]

My understanding is that you basically store your credit card info on your phone, and then instead of pulling out your credit card at the store, you pull out your phone. I don't get how this adds any convenience for the user.

[Horn]

Swedbank doesn't accept cash any longer in their retail offices in Sweden. A friend wanted a cryptizer to do Internet banking and transfer money to his new bank account. It costed 300 kronor, they refused to accept his cash, and since he didn't have any money in his account they couldn't give it to him. He came to us and my wife transfered the money from her bank to his account, and he gave her 300 kronor cash. Welcome to Absurdistan!

International Banks are supposedly a captain to the one world global community, you'll will notice however a number of problems when transferring money in between them, long wait time with shorter schedules, sometimes hidden and high transfer fees.

Actually they are the most religious in preventing a global community.

[Neuro]

International Banks are supposedly a captain to the one world global community, you'll will notice however a number of problems when transferring money in between them, long wait time with shorter schedules, sometimes hidden and high transfer fees.

Actually they are the most religious in preventing a global community.
Global anti-globalists. A Turkish family we know bought a holiday house in our little town in Sweden almost 2 years ago, but the deal almost fell through, because their bank screwed up on the transfer from Turkey to Sweden... Interestingly however as the man called the bank manager up and threatened to sue the shit out of their office they managed to transfer the money in 5 minutes, and he had already payed a hefty fee to have the money transferred express in 48 hours... I think the bank could earn a lot of money by having a large window of transfer, then they can pinpoint the time when the customer get the worst exchange rate and make the exchange at that time...

[Dogman]

Global anti-globalists. A Turkish family we know bought a holiday house in our little town in Sweden almost 2 years ago, but the deal almost fell through, because their bank screwed up on the transfer from Turkey to Sweden... Interestingly however as the man called the bank manager up and threatened to sue the shit out of their office they managed to transfer the money in 5 minutes, and he had already payed a hefty fee to have the money transferred express in 48 hours... I think the bank could earn a lot of money by having a large window of transfer, then they can pinpoint the time when the customer get the worst exchange rate and make the exchange at that time...

Who is to say that banks do not already play the rate exchange game already, and shave the diff off peaks.

[Horn]

Who is to say that banks do not already play the rate exchange game already, and shave the diff off peaks.

But of course, that's mostly all they do or ever have done.

But when you're playing around a poker table full of your own family the stakes just don't pay. Sapping the foreign players is the best game.

Hmmm how to make a poker table full of someone else family look attractive...?

Only game in town.

[Horn]

Global anti-globalists. A Turkish family we know bought a holiday house in our little town in Sweden almost 2 years ago, but the deal almost fell through, because their bank screwed up on the transfer from Turkey to Sweden...

Again some call them anti-family, well when the only way to move a sizeable sum across the border is to strap 10k on each of your family members.

well you better have some close ties...

[osoab]

fuck apple

[Dogman]

fuck apple
They make a great pie, oh that apple.

Agree!