[citation][nom]icemunk[/nom]Great.. another closed Apple system, instead of following the NFC standard that all the other companies are joining. Greedy Apple.[/citation]
What exactly do you think Visa is? A closed system of making secure payments utilizing their technology. So calm down brah. Apple hateraid isn't cool.
[citation][nom]alidan[/nom]standard = it works everywhere, cross platform.in the us, i dont believe there is a set standard, if apple makes one, and get the rights to it, they make more money. personaly i would rather a third party handle this and not apple, because they have a history of f@#$ing us over price wise, last thing i would want is to be forced to have an apple anything to do something not apple related. if you want, you can think of it kind of like a bar code. yes people can steal it, potentially... in japan its used for things like train fair and such, to make everything run smoother. i don't think you will see it on credit cards for quite a while, or at least until we all get electronic credit cards, a technology that is already used today and its relitivly cheap. encode the credit card, hold a button to decode it, this way unless the button is pressed the code is useless, and you have to be really close to read anything, so yea.[/citation]
The technology would probably be implemented very closely to the way the major credit card companies are. It would be invisible cost-wise to us(exactly like the app store..), and apple would pass the fee onto the person your buying from.. Exactly the way Visa/Mastercard/Discover/etc do it. They charge the business a certain amount to "rent" the card-reader, as well as to transfer payments. Visa, last I checked, charged on the order of 3-6% of each bill for the service.
Not a big deal people. Move along now.
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