5 ms·

This is not true! Sorry for the passion but i was involved in the mobile payment scene at the time. It was not the banks halting the development of mobile paym

This is not true! Sorry for the passion but i was involved in the mobile payment scene at the time. It was not the banks halting the development of mobile payment. It was: 1- Apple 2- MNOs (Mobile Network Operators) 3- Samsung Apple closed off the iphone NFC api which dried up VC funding in the mobile payment scene. This is one of the reason we have QR Codes everywhere today, and not NFC tags. To securely process mobile payment, you needed to have a secure enclave (SE) on the phone which would keep encryption keys safely. At the time, the MNOs wanted that secure enclave to be the SIM card, so they could control that space. Google retaliated by cutting some circuitry between the SIM Card and the phone: the SWI lines. Banks were charging north of a million $ to embed applications in the SIM Cards, and were charging you the same for any update. Apple at the time started charging 4 million $ as a deposit to acquire a special nfc permission (walmart and starbucks had one) to emulate a credit card. Samsung was the worst. They were already embedding a Secure element in their phones without giving access to it. They started 2 or 3 years ago giving access to 3rd partys.

bduerst 5y ago
>Apple closed off the iphone NFC api which dried up VC funding in the mobile payment scene. This is one of the reason we have QR Codes everywhere today, and not NFC tags. Yep, this was my experience as well, working in the NFC space at the time. Apple also basically forced the whole IoT space to start focusing on QR codes instead of NFC tags, because they were lagging technologically with the iPhone.
Flimm 5y ago
You're replying to someone talking about contactless card payments, and you're talking about mobile payments. They are not the same thing.
- bobberkarl 5y ago
  Contactless card payments and mobile payments are the same under the hood. It's just ISO 14443 at the end of the day. Mobile payments are just Host-Card Emulation (HCE). Some links: - https://developer.android.com/guide/topics/connectivity/nfc/hce https://developer.android.com/guide/topics/connectivity/nfc/... - https://xamoom.com/new-nfc-capabilities-for-all-iphones/ https://xamoom.com/new-nfc-capabilities-for-all-iphones/
- bduerst 5y ago
  GP originally replied to my comment about contactless payments, not cards. In the US their adoption was synonymous.

bduerst 5y ago

>Apple closed off the iphone NFC api which dried up VC funding in the mobile payment scene. This is one of the reason we have QR Codes everywhere today, and not NFC tags. Yep, this was my experience as well, working in the NFC space at the time. Apple also basically forced the whole IoT space to start focusing on QR codes instead of NFC tags, because they were lagging technologically with the iPhone.

Flimm 5y ago

You're replying to someone talking about contactless card payments, and you're talking about mobile payments. They are not the same thing.

bobberkarl 5y ago
Contactless card payments and mobile payments are the same under the hood. It's just ISO 14443 at the end of the day. Mobile payments are just Host-Card Emulation (HCE). Some links: - https://developer.android.com/guide/topics/connectivity/nfc/hce https://developer.android.com/guide/topics/connectivity/nfc/... - https://xamoom.com/new-nfc-capabilities-for-all-iphones/ https://xamoom.com/new-nfc-capabilities-for-all-iphones/
bduerst 5y ago
GP originally replied to my comment about contactless payments, not cards. In the US their adoption was synonymous.