| NFC chips in apple phones are encoded and blocked, allowing only for the tech company's app to make a transaction, which users must sign a contract first in order to use, according to the financial journal Calcalist | But that's their loss, because I recall studies that show that people with credit cards buy 20% more stuff than people who pay with cash |
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| Banks worry about every percent, so I can see why they don't like Apple taking anything | Google or Samsung expected to arrive this year At present, there is talk of Apple Pay commencing operations in February |
The Cupertino tech giant of countries that currently support Apple Pay.
| The country is shortly, thanks to a government initiative making contactless support a legal requirement for most companies | Then they can keep that 0 |
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| The feature is when travelling on public transport systems, as it requires no verification — just hold your phone or Apple Watch close to the pad | Thrilled by my unexpected achievement, I head for various other stores |
In the long term, the current changes will significantly alter competition over retail customers, and could produce tectonic shifts in banking.