Now you can pay with a smartphone

[guy.incogneto]

Originally Posted by timsarg

you know when the banks stop charging bullshit fees to have their eftpos devices in small business alot more shops would have them.

the fee is something like 40c
The noodlebox i go to has a 10min eftpos, I ask them if I can pay the 40c eft charge and they say okay.

Shops can ad the extra charge, but they prefer people to spend more money on crap they didn't want in the first place for the sake of convenience

edit: i didn't take into account ongoing fees.
i'm guessing that is high

[timsarg]

Originally Posted by guy.incogneto

the fee is something like 40c
The noodlebox i go to has a 10min eftpos, I ask them if I can pay the 40c eft charge and they say okay.

Shops can ad the extra charge, but they prefer people to spend more money on crap they didn't want in the first place for the sake of convenience

edit: i didn't take into account ongoing fees.
i'm guessing that is high

i will try and find our charges we get hit with by the commonwealth . Trust me it's more than just the 40c transaction fee .

[MR CHILLED]

Originally Posted by Anakist

World first? Japan uses NFC in mobile phones to pay for all kinds of things.

Yeah I thought it was done in some other countries already....*shrug*.

Perhaps this is somehow different? Meh, doesn't sound like it.

[Reaper]

Pointless and insecure. Takes no less time than a swipe/insert and pin. Plus I wouldn't trust google with my banking details, you have to be a deadset moron to do that.

This is just some dumb geeks wet dream that they think is cool and everyone should be forced into. Attack vectors and extra layers of middlemen matter not to those wankers, it's just a novelty that everyone should force their lives around to them.

[Doso]

Originally Posted by Reaper

Pointless and insecure. Takes no less time than a swipe/insert and pin. Plus I wouldn't trust google with my banking details, you have to be a deadset moron to do that.

Bullshit, paypass is already way WAY faster, i'm talking ~3 seconds at major retailers

Eftpos, not only do you have to insert and put in your PIN but you have to wait an eternity for the terminal to connect and process the transaction

Originally Posted by Reaper

This is just some dumb geeks wet dream that they think is cool and everyone should be forced into. Attack vectors and extra layers of middlemen matter not to those wankers, it's just a novelty that everyone should force their lives around to them.

No one is forcing you to use it, if you want to pay by cheque and the retailer is willing to accept it then you still can

And who cares if your card gets skimmed as long as you notify the bank in a reasonable time they will cover the fraudulent transactions

[Andres]

Originally Posted by Doso

And who cares if your card gets skimmed as long as you notify the bank in a reasonable time they will cover the fraudulent transactions

More importantly (and I learnt a lesson recently) don't keep all your eggs in one basket. Debit Card was stolen from my mailbox and $1000 worth of shit was purchased with it. Sure the bank covered it, but only after 4 weeks and I had an OS holiday in the meantime. Nothing is secure, just try and minimise your exposure.

[lithos]

Originally Posted by Reaper

Pointless and insecure. Takes no less time than a swipe/insert and pin. Plus I wouldn't trust google with my banking details, you have to be a deadset moron to do that.

Yup. That Tap & Go bullshit was oversold, too. Tap & Go, my arse. It's tap, wait for the card to register, then wait for the data to get sent to the bank, confirmed...then you may go. It only feels very slightly faster than swiping and typing.

This is just some dumb geeks wet dream that they think is cool and everyone should be forced into. Attack vectors and extra layers of middlemen matter not to those wankers, it's just a novelty that everyone should force their lives around to them.

You know, the first thing I'd do if I lost a credit card would be to call up the issuer and cancel it, ASAP.

Now that the credit card's integrated into the phone-

Wait.

Shit.

[Doso]

Originally Posted by lithos

Yup. That Tap & Go bullshit was oversold, too. Tap & Go, my arse. It's tap, wait for the card to register, then wait for the data to get sent to the bank, confirmed...then you may go. It only feels very slightly faster than swiping and typing.

Rubbish, I use paypass nearly on a daily basis and it is WAY WAY faster

Data does not get transferred to the bank and then verified, it is instant

Like I said before

Paypass = ~3 seconds

Insert/Swipe & Pin = 15 seconds

Insert/Swipe & Sign = Fuck knows how long

Originally Posted by lithos

You know, the first thing I'd do if I lost a credit card would be to call up the issuer and cancel it, ASAP.

Now that the credit card's integrated into the phone-

Wait.

Shit.

It doesn't matter, in Commbank Kaching & Google Wallet implementation of NFC you need to Unlock the phone (using standard pin number or what ever your smartphones uses) AND then you need to enter a 4 digit pin to enter the app and activate the NFC chip

[MR CHILLED]

Originally Posted by lithos

Yup. That Tap & Go bullshit was oversold, too. Tap & Go, my arse. It's tap, wait for the card to register, then wait for the data to get sent to the bank, confirmed...then you may go.

Hmmm, seemed extremely quick the last time I saw paywave used...*shrug*

Personally I just like the ease of it.

[Wet Sandwich]

Originally Posted by MR CHILLED

Hmmm, seemed extremely quick the last time I saw paywave used...*shrug*

Personally I just like the ease of it.

As a checkout operator, nobody seems to know how to do it or those yellow commbank debit cards don't even work so they stand there smashing their card around taking 2x longer than a normal pinless insert/swipe...

[Slugoid]

RFID/NFC is way faster than any swipe/pin or swipe/sign. I only use EFT or signed for something when I have no other option. Most of the time I use my Octopus (FeliCa RFID) or Visa Paywave and I haven't had any problems with it.

Contactless payment is the future and it's the key to becoming a true cashless society. That's if it's implemented properly and widely accepted.

If you want to envision what NFC can do, read up on the Octopus card in HK. Been using it for over 10 years (using it extensively for the past 3 years) and I don't think I can live without it. Funny thing is that the system was designed by an Aus company yet you guys aren't even using it

http://en.wikipedia.org/wiki/Octopus_card

[Doso]

Originally Posted by Wet Sandwich

As a checkout operator, nobody seems to know how to do it or those yellow commbank debit cards don't even work so they stand there smashing their card around taking 2x longer than a normal pinless insert/swipe...

That happens every time there is a new tech involved with payments

5 years ago it was chip in the credit card, guess how many people kept trying to swipe their old credit cards magnetic strip instead of inserting it into the machine for the chip to be read?

10 years ago when PINs were allowed guess how long it took consumer to get use to using a pin instead of signing

15-20 years ago when automated credit card machines which could dial back to banks instead of using the old style mechanical imprinters

etc etc

in 2-3 years everyone will be use to just swiping and going for small purchases just like today people are use to inserting/PIN/Electronic CC machines etc

[kingjam]

Originally Posted by Slugoid

RFID/NFC is way faster than any swipe/pin or swipe/sign. I only use EFT or signed for something when I have no other option. Most of the time I use my Octopus (FeliCa RFID) or Visa Paywave and I haven't had any problems with it.

Contactless payment is the future and it's the key to becoming a true cashless society. That's if it's implemented properly and widely accepted.

If you want to envision what NFC can do, read up on the Octopus card in HK. Been using it for over 10 years (using it extensively for the past 3 years) and I don't think I can live without it. Funny thing is that the system was designed by an Aus company yet you guys aren't even using it

http://en.wikipedia.org/wiki/Octopus_card

This!

I love my Octopus - greatest thing since sliced bread. I was an early PayWave user in Australia and that was its problem - not enough places to use it.

I use my Octopus as my building access card, on the bus, the train, in the supermarket, small restaurants, vending machines - literally everywhere! It recharges with $250 automatically as needed off my credit card, farking brilliant. About the only place it is missing from is taxis.

[MR CHILLED]

More on this...

"Phones ring in banks' future"

http://www.smh.com.au/it-pro/busines...813-244qz.html

[dcyloo]

What I really hope is that these NFC enabled phones will have the facility to disable the NFC facility within the phone interface.

It's too easy to have someone with the right equipment to wave their magic wand around your pocket and pick up all the payment information necessary to rip you off for your ~$100 limit for paypass purchases.

Yes it's a "small" amount but add enough of these purchases together you can put together quite a good amount of rip. You've got to pull the phone out of your pocket/purse anyway, so pull the phone out, turn on the chip, wave and pay and turn it off or allow the timeout to occur and the chip is turned off automatically.