ApplePay/AndroidPay - ANZ Has It, Bring The Other Major Banks on Board!

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  punk on 30/07/2016 - 16:18

  +2

  isn't Apple being a pain when it comes to this technology. not being flexible enough for the banks to use their NFC tech?

  anyways, It's hard to trust apple's phone if they don't beef up their security. At least Android now has BlackBerry making phones for that OS.

  Your phone is more than just a phone these days.

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    driew on 30/07/2016 - 16:47

    Apple is being more than a pain. They've completely locked down NFC so I can't even see real time trip updates on the official opal app (when I last tapped). If Apple wants the banks to use Apple Pay, then they should also open up NFC for third party providers such as the banks' banking apps.

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      punk on 30/07/2016 - 20:09

      Yeah I thought that was the case. I love NFC esp on equipment that are NFC enable around the home - soundbars etc.

      This is probably why part some of the banks aren't coming to the party and Apple wants more control over what should really be an open standard unlike what Apple tried to do with Beacon.

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    smartazz104 on 30/07/2016 - 18:56

    +1

    Wasn't it the Blackberry OS that made Blackberry phones secure, not the hardware?

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      punk on 30/07/2016 - 20:22

      Sorry, I have no idea - There's probably hardware encryption on the chip, but you're right it is mainly about software and in this case Blackberry hardening the Android bootloader and going deeper than that.

      My initial comment was referring to that software security. Other than securing Samsung knox, their security isn't on any other android device so if your concerned about security, BlackBerry is something to consider and is only available via a BlackBerry phone unless your business hooks up to BES.

      I have a lot of personal info on my phone, Paying using my phone, I'd expect security to be a huge priority.

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        lplau on 30/07/2016 - 21:05

        Lol, Blackberry isn't actually secure anymore…
        https://en.wikipedia.org/wiki/BlackBerry

        Read the section about "Security agencies access" haha

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        punk on 31/07/2016 - 17:12

        @lplau:

        and other operating systems are any better?
        Pakistan asked for something similar but for enterprise access - BlackBerry said no and was going to leave the market and Pakistan withdrew their demands.

        I don't know much about the access demands going way back to 2010 and I don't care.

        You need to focus on what BlackBerry is doing to secure their phones from malware, hackers and apps that can start the camera, steal personal details etc.

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    lplau on 30/07/2016 - 21:08

    Its Apple, that's what they are famous for. It is the main reason why they are "so easy to use". Lock down everything to ensure that nobody can hack it. Its the security of lock down everything and slowly give more permissions (which ultimately apple holds).

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    Praeto on 31/07/2016 - 00:01

    Id take an iPhones software and hardware security over today's blackberries. Other than the specifically hardened versions, they're not anything special.

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    Lion007 on 31/07/2016 - 14:50

    ApplePay and AndroidPay I believe ensure all your personal card details are kept on the secure enclave on the device and therefore locked away from hackers. The bank apps cannot do this. It would be nice to see Apple open up NFC though for connecting audio equipment etc, but as an iPhone used myself. I prefer my card details to be locked away securely on hardware rather than trust banking apps software.

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  McFly on 31/07/2016 - 00:59

  -1

  Google, Apple, et. al. need the banks more than the banks need them.
  The banks can write their own apps, except for ios (couldn't care less about Apple anyway, plus Google has 50% more market share here, and the gap will continue to rise) but it's "a bit" harder to open your own bank!

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    Lion007 on 31/07/2016 - 14:52

    As ApplePay and AndroidPay get integrated into apps and websites, a standard developers can easily support, if the banks care about customer security, less fraudulent claims, then this would be the way to go. Further, card details are secured much better on device utilising these 2 systems than in banking app software which can be compromised.

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  Marrk on 31/07/2016 - 08:56

  Apple is probably asking for too much / not being flexible enough for most Australian banks to want to jump on board. Good on them for standing their ground, I say.

  Mobile payments are good, though I personally prefer using my card and PayPass. Also, a lot of small businesses already try and discourage Tap and Go, as they pay more in fees, with some businesses going as far as to say that they don't have it, when they clearly do.

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    Lion007 on 31/07/2016 - 14:56

    +2

    They probably are being inflexible, but then again the UK has similar fees to us and all the banks there have negotiated a deal. They even use ApplePay/AndroidPay as their Opal card. Preference is something that can't be argued with. However security is paramount and if you value your funds, this is the future as you get additional layers of security in transactions, future ATM usage, and apps and websites as this gets implemented. The laws regarding fees are changing and have been reduced quite a bit which becomes compulsory for large organisations from September this year, and for all small businesses from next year, maybe that'll tempt them more to allow credit transactions and also for ease of the customer.

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  fruit on 31/07/2016 - 19:24

  Apple wants a cut

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  treeman on 31/07/2016 - 20:11

  +1

  Would love for it to come to Windows Phones.

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  Skramit on 31/07/2016 - 22:26

  The head of Apple Pay in Aus is an ex-ANZ exec right? So no wonder they did a deal…possibly with exclusive rights, or Apple are taking less cut from every transaction in their ANZ dal than Apple are offering the other banks.

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    Lion007 on 01/08/2016 - 04:33

    No idea! Could possibly be the case…I don't think it is an exclusive deal though

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      Skramit on 01/08/2016 - 08:15

      +1

      Pretty sure that's the case. Ex ANZ guy is heading up Apple Pay in Aus. So draw your own conclusions from that.

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  ddkistaken on 31/07/2016 - 22:30

  +2

  Why don't the other banks sign up? Because for every transaction, Apple get up to 15 basis point for every transaction, possibly more.
  That's money leaving the economy, and the already rich banks.Apple already extract enough from our economy, let's not donate any more.

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    qazwsx on 01/08/2016 - 03:03

    +2

    Can OP get this into his head before mouthing off?
    (1) Apple charges a significant fee to the banks for Apple Pay
    (2) Aust merchant rates are already quite low compared to other countries because RBA has regulated them. As an example, 15 basis points is 1/3 to almost 1/2 what the RBA is trying to set the average merchant rate at - that is unsustainable.

    There are commercial realities at play here, it would be nice to be more informed.

    My understanding is that Samsung and Android Pay are not charging fees. But let's put it this way - all Big 4 banks have mobile pay solutions for Android (Westpac being the worst one, but they are a "coming soon" for Android Pay). They also drove the whole contactless payments thing half a decade before US banks did. So much complaining over something so minor in life. First world problems here.

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      Lion007 on 01/08/2016 - 04:44

      +1

      Thanks for your comment. However, that's not what is at play here.

      ApplePay is running full fledged in the UK where the fees are significantly less - just like our market. Contactless payment has been prevalent - just like our market.

      Let me quote "While the deals struck between Apple and the banks are confidential, the tech group receives about 15 cents per $100 transaction in the US, while in the UK it gets “significantly less” — only a few pence per £100 transaction — according to banking insiders." (Source: Financial Times https://next.ft.com/content/02287f44-2a3d-11e5-8613-e7aedbb7… ) Further: "But the move into the UK promises to be less lucrative for Apple than it has been in the US. “The proposition for Apple in the UK is more about building product sales and less about an extra revenue stream,” said one banker."

      That's not much in the UK is it? Their major banks all have it, their transport system utilises it. It reduces fraud. So who is to say Apple isn't doing the same here? We don't know what is going on behind closed doors, and since the UK is similar to us, there is a high chance Apple are doing the same here. So why won't the banks offer us that convenience for not only tap & pay, but also the security going forward that they simply can't offer in apps and websites? Especially if AndroidPay/SamsungPay aren't charging any fees, what's stopping them? Increased security & fraud protection for both the consumer and the banks - makes sense to me.

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    smartazz104 on 01/08/2016 - 10:18

    +1

    Haha money leaving the economy, as opposed to it being in the pockets of bank execs and… probably going offshore anyway. Let's face it, banks make billions in profits per quarter; please point out the benefits people see. Banks are so good at making money they can't even offer a normal bank account without charging a fee unless you deposit your pay in there every month.

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      chillin222 on 01/08/2016 - 20:32

      The Big 4 are all ASX listed - their profits go directly into your pocket through your super fund. No profits go offshore.

      It's a genuine concern that people would advocate for Apple pulling 0.15% out of our economy and funnelling it to the US?!

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        Lion007 on 20/08/2016 - 01:13

        It's not 0.15%, that's the USA. Our situation is similar to the UK. If you look at my post just a few posts above, with the quoted source of the Financial Times (source linked in there), "While the deals struck between Apple and the banks are confidential, the tech group receives about 15 cents per $100 transaction in the US, while in the UK it gets “significantly less” — only a few pence per £100 transaction — according to banking insiders." Besides AndroidPay/SamsungPay is free, so why aren't the banks joining them at least? They don't want to even do that. Using ApplePay or AndroidPay I can have all my cards on hand and switch between them easily when I wish to make a payment. Plus there is the online integration coming too which adds an additional layer of security no bank can offer but only Apple and Google can provide due to their ecosystems.

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  neonlight on 31/07/2016 - 22:31

  I got a rooted phone G4 can't use android pay. Unless someone got ideas how to get with with root, otherwise I will give it a miss reason being you need to turn on NFC and even you have it under top noticaiton bar toggle still a pain compare PayPass take card swipe

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  ExpressCoffee on 31/07/2016 - 22:31

  +2

  You can also use Apple Pay with your Apple Watch which is pretty neat too.

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  [Deactivated] on 01/08/2016 - 12:54

  Just get an Amex

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  terlalu on 01/08/2016 - 15:37

  SamsungPay technology is the best one. Works with swiping terminals, not just NFC tap.

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  Godric on 01/08/2016 - 22:12

  CBA has it use it with my note 3

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  OldSchoolHarry on 01/08/2016 - 23:17

  NAB already allows you to pay via android phone via NFC.

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  Lion007 on 20/08/2016 - 01:10

  We have an update on the banks v Apple! As you all know, Apple probably wants a really slight cut like they take in the UK which barely effects margins, and AndroidPay/SamsungPay take no cut whatsoever yet the only bank to hop on board all 3 services is ANZ and also Amex. There is no excuse for the banks not hopping on board AndroidPay/SamsungPay when it's essentially free.

  From the SMH: http://www.smh.com.au/business/banking-and-finance/big-four-…

  "Competition tsar Rod Sims says the regulator must decide which is the lesser of two evils as it assesses a request by three big banks to team up in their talks with technology giant Apple. "

  "The Australian Competition and Consumer Commission on Friday said it had not granted permission to three of the big banks to form a bloc in their negotiations with Apple over its digital payments service, but the decision is not final."

  "On the other hand, allowing three of the big four banks to get together is by definition anti-competitive - that is why they need the ACCC's permission.

  "The banks, by definition, have come to us because they can't get together without breaching our Act,.. and Apple of course is trying to maintain exclusivity, so in its own way that's anti-competitive," he said"

  "The banks claim this prevents banks and other businesses from offering "digital wallets" that are capable of making tap-and-go payments on the iPhone.

  In contrast, Apple has argued that if the ACCC allows the banks to form a "cartel," it could threaten security on the iPhone and hamper innovation in the payments market.

  The banks claim they are not negotiating over the fees they collect from credit card payments, which would have to be shared with Apple under the approach the technology giant uses.

  ANZ Bank is the only Australian bank that has signed up to Apple Pay so far, after it was launched with American Express last year."

  Don't forget to sign the petition! Even if you're happy with your current method of payments, no harm in signing the petition and showing the other banks that you're open to having more options available!

  A ruling has been delayed until at least November.

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